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HASF Corporation began operations at the beginning of the current year. one of the year company product a compressor sells for 350 per units information
HASF Corporation began operations at the beginning of the current year. one of the year company product a compressor sells for 350 per units information related to the current year activities follows | |
Variable cost per unit | |
Direct material | 55 |
Direct labor | 84 |
Manufacturing overhead | 76 |
Annual fixed cost | |
Manufacturing cost | 1,200,000 |
Selling and administrative | 1,720,000 |
Sales and production | |
Sales in units | 20,000 |
Production | 24,000 |
Required -( 01 marks each ) | |
Cost of the December 31 finished goods inventory | 1,060,000 |
Value of sales | 7,000,000 |
Value of cost of sales | 5,940,000 |
Gross profit | 1,060,000 |
Net income | -660,000 |
labor cost per unit if company produce 22,500 unit ( cost behavior patterns not change ) |
cost of fixed manufactuirng over head if company produce 22,500 unit ( cost behavior patterns not change ) |
cost of fixed selling and administartive exp if company produce 22,500 unit ( cost behavior patterns not change ) |
per unit cost of porducation if company produce 22,500 units |
Per unit gross profit if selling price will not change |
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