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Hi, please help with these questions, thank you very much Trez Company began operations this year. During this year, the company produced 100,000 units and
Hi, please help with these questions, thank you very much
Trez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows. Additional Information a. Selling and administrative expenses consist of $450,000 in annual fixed expenses and $1.75 per unit in variable selling and administrative expenses. b. The company's product cost of $25 per unit consists of the following. Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 23,400 units, and 3,700 units remain in ending finished goods inventory for May. Fixed overhead was $58,500. Variable selling and administration expenses were $47,000 and fixed selling and administrative expenses were $26,500. Prepare an income statement using variable costing. Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. 1. Compute gross profit assuming (a) 77,000 units are produced and 77,000 units are sold and (b)114,000 units are produced and 77,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 37,000 more units than it sells? Complete this question by entering your answers in the tabs below. Compute gross profit assuming (a) 77,000 units are produced and 77,000 units are sold and (b)114,000 units are produced and 77,000 units are sold. Rey Company's only product sells for $217 per unit. Data for its first year of operations follow. 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing. Complete this question by entering your answers in the tabs below. Prenare an income statement for the vear usina variahle costinoStep by Step Solution
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