Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Halifax Inc planned and actually manufactured 250,000 units of its single product in 2018. Its first year of operation Variable manufacturing cost was $19 per

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Halifax Inc planned and actually manufactured 250,000 units of its single product in 2018. Its first year of operation Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was $7 per unit sold Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at 543 per unit Required 1. Halifax's 2018 operating income using absorption costing is (a) $1,750.000. (D) $1,450,000, (c) $1,800,000. (d) $2,100,000, or (o) none of these. Show supporting calculations 2. Halifax's 2018 oporating income using variable costing is (a) $2,200,000, (b) $1,750,000. (C) $1,450,000, (d) $1,800,000, or (e) none of these. Show supporting calculations Requirement 1. Halitox's 2018 operating income using absorption costing is (a) S1,750,000, (b) $1.450,000, (c) 51,800,000. (d) $2,100,000, of (o) none of these Show supporting calculations Begin by selecting the labels used in the absorption costing calculation of operating income and enter in the supporting calculations (For amounts with a 50 balance, make sure to enter in the appropriate cell) Absorption costing td CO Halifax Inc. planned and actually manufactured 250,000 units of its single product in 2018, its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was $7 per unit sold. Planned and actual fixed manufacturing costs were $750,000 Planned and actual fixed operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at $43 per unit Required 1. Halifax's 2018 operating income using absorption costing is (a) $1,750,000, (b) $1,450,000, (c) $1,800,000, (d) $2,100,000 of (a) none of these. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) $2,200,000. (b) S1,750,000. (C) $1,450,000. (C) $1,800,000, or (0) none of those Show supporting calculations Doduct Halifax Inc. planned and actually manufactured 250,000 units of its single product in 2018. its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was 7 por unit sold. Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at S43 per unit. Required 1. Halifax's 2018 operating income using absorption costing is (a) $1,750,000, (b)81,450,000, (c) $1,800,000, (d) $2,100,000, or (e) none of those. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) $2.200,000. (D) $1,750,000. (C) $1,450,000, (d) $1,800,000, or () none of these. Show supporting calculations Operating income Halifax's 2018 operating income using absorption costing is A $1,750,000 R1451 Diminen M Halinax in planned and actually manufactured 250,000 units of its single product in 2018, its first year of operation. Variable manufacturing cost was $19 per unit produced. Variable operating (non-manufacturing) cost was $7 per unit sold Planned and actual fixed manufacturing costs were $750,000. Planned and actual fixed operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at $43 per unit Required 1. Halifax's 2018 operating income using absorption costing is (a) $1,750,000. (D) $1,450,000. (C) $1,000,000, (d) $2,100,000, of (o) none of these. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) $2,200,000. (D) 51.750,000, (c)51,450,000, (d) $1,800,000, or (o) none of those. Show supporting calculations t Halifax's 2018 operating income using absorption costing is OA $1,750,000 OB. $1,450,000 OC. $1,800,000 D. $2,100,000 O OE none of these Requirement 2. Halifax's 2018 operating income using variable costing is (a) $2,200,000. (b) $1,750,000 (0) $1,450,000, (d) $1,800,000, or (e) none of these Show supporting calculations, Halifax Inc. planned and actually manufactured 250,000 units of its single product in 2018, its first year of operation. Variable manufacturing cost was 519 per unit produced. Variable operating (non-manufacturing) cost was $7 per unit sold Planned and actual fixed manufacturing costs were $750,000 Planned and actual fixed operating (non-manufacturing costs totalled $350,000. Halifax sold 150,000 units of product at $43 per unit. Required 1. Halifax's 2018 operating income using absorption costing is (a) 1,750,000, (b) $1 450,000. (C) 81,800,000. (d) $2,100,000, or (e) none of these. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) S2.200,000, (b) $1,750,000. (C) $1,450,000, (d) $1,800,000, or (o) none of these. Show supporting calculations Requirement 2. Halifax's 2018 operating income using variable costing is (a) $2.200,000, (b) $1,750,000, (e) $1,450,000, (d) $1,800,000, or (2) none of those Show supporting calculations. Begin by selecting the labels used in the variable costing calculation of operating income and enter in the supporting calculations. (For amounts with a $0 balance, make sure to enter "o" in the appropriate coll) Variable costing a Va| LIU | | | | 005| Wap Hp Li operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at $43 per unit abil operating (non-manufacturing) cost was $7 per unit sold. Planned and actual fixed manufacturing costs wero $750,000 Planned and actual fixed Required 1. Halifax's 2018 operating income using absorption costing is (a) $1,750,000, (b) $1,450,000, (c)$1,800,000, (d) $2,100,000, or (e) none of these. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) $2,200,000, (b) S1,750,000. (C)$1,450,000,(d) $1,800,000 or (e) none of these Show supporting calculations Deduct produced, Variable operating (non-manufacturing) cost was $7 per unit sold. Planned and actual foed manufacturing costs were $750,000 Planned and actual fixed operating (non-manufacturing) costs totalled $350,000. Halifax sold 150,000 units of product at $43 per unit Required 1. Halifax's 2018 operating income using absorption costing is (a) S1,750.000, (D) $1,450,000. (C) $1,800,000, (d) $2,100,000, or (e) none of these. Show supporting calculations 2. Halifax's 2018 operating income using variable costing is (a) $2,200,000. (D) $1,750,000. (C) $1,450,000. (d) $1,800,000, or () none of these Show supporting calculations st Operating income Halifax's 2018 operating income using variable costing is O A. $2,200,000 B. $1,750,000 OC. $1,450,000 OD. $1,800,000 nananthaca

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting

Authors: Steven M. Bragg

1st Edition

1642210773, 978-1642210774

More Books

Students also viewed these Accounting questions