Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 191 Units in
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 191 Units in beginning inventory Units produced Units sold Units in ending inventory 200 1,800 1,300 700 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $ 89 38 4 6 $23,400 $28,600 What is the total period cost for the month under variable costing? Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 149 Units in beginning inventory Units produced Units sold Units in ending inventory 2,200 1,910 290 $ $ $ 39 33 7 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $46,200 $15,280 The total gross margin for the month under the absorption costing approach is: Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 112 Units in beginning inventory Units produced Units sold Units in ending inventory 5,100 4,490 610 $ $ 45 6 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $57,700 $ 3,300 The total contribution margin for the month under variable costing is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started