I need assistance calculating this. I believe the order of the answer to question 1 is ADCB.
This is all of the information that I have to answer the question. Based on question 1's answer which I believe are as follows:
1) The unit product cost of Year 9using ababsorption costing is: 95.00
2) The unit product cost of Year 9 using variable costing is: 60.00
3) The unit product cost of Year 10using ababsorptioncosting is: 96.50
4) Unit Contribution Margin using absorption costing for Year 10is: 65.00
and the information in the chart and description above:
The ABC Company produces only one (1) product and has the following cost data related to Year 9 and Year 10.
Selling Price $150 / unit, Direct Labor Cost $25/unit, Direct Material Cost $32/unit, Variable Manufacturing OH Cost $8/unit, Variable Selling and Admin Cost $25 / unit.
Fixed Manufacturing OverheadCost$126,000 / year
Fixed Selling and AdminCost$40,000 / year
Production, Inventory and Sales Data:
Year 9
(number of units)
Production: 4200
Sales: 3,600
Beginning Inventory: 0
Ending Inventory: 600
Year 10:
Production: 4000
Sales: 4300
Beginning: 600
Ending: 300
I am not sure how to answer the following based on the above data:
(using absorption costing)
Year-9
a. Cost of Goods Sold
b. Cost of Ending Inventory
c. Operating Income
d. Total Period Cost
Year-10
a. Cost of Ending Inventory
b. Operating Income
(based on variable costing)
Year-9
a. Cost of Ending Inventory
b. Operating Income
c. Total Period Cost
Year-10
a. Cost of Ending Inventory
b. Operating Income
c.Total Period Cost
Word File Edit View Insert Format Tools Table Window Help 2 7 70% Tue 8:04 PM QE AutoSave . OFF Document2 H Home Insert Design Layout References Mailings Review View Acrobat Tell me Share Comments Calibri (BO.. * 12 " A" A Aa A AaBbCcDdEe AaBbCcDdEe AaBbCCD Paste BIUvab X x A LA Normal No Spacing Heading 1 Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures 1. The ABC Company produces only one (1) product and has the following cost data related to Year 9 and Year 10. Selling Price $150 / unit, Direct Labor Cost $25/unit, Direct Material Cost $32/unit, Variable Manufacturing OH Cost $8/unit, Variable Selling and Admin Cost $25 / unit. Fixed Manufacturing Overhead Cost $126,000 / year Fixed Selling and Admin Cost $40,000 / year #+ Production, Inventory and Sales Data: Year 9 Year 10 (number of units) ( number of units) Production 1,200 4,000 Sales 3,600 4,300 Beginning Inventory 0 600 Ending Inventory 600 300 Select the right answer from the drop down list in the left of the following lines. Possible answers are on the right column. The unit product Page 1 of 2 302 words * English (Canada) Focus + 174% rays Ture 11,491 4Word File Edit View Insert Format Tools Table Window Help 2 7 70% Tue 8:04 PM QE AutoSave ( OFF Document2 H Home Insert Design Layout References Mailings Review View Acrobat . Tell me Share Comments Calibri (BO... * 12 A" A Aa Po EEVEE AaBbCcDdEe AaBbCcDdEe AaBbCcDC Paste BIUvab X x ALVA Normal No Spacing Heading 1 Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures The unit product A. B. C. D. cost of Year 9 using ababsorption costing is The unit product A. B. C. D. cost of Year 9 using A. 95.00 variable costing is B. 65.00 The unit product A. B. cost of Year 10 using C. 96.50 C. D. ababsorption costing D. 60.00 is Unit Contribution A. B. C. D. Margin using absorption costing for Year 10 is 8 points QUESTION 4 1. Absorption and Variable Costing - Part-2 Based on the information provided for the previous question on absorption and variable costing, determine the following for Year 9 and Year 10 using absorption costing. Page 1 of 2 302 words * English (Canada Focus + 174% rays Ture 11,491 4 AWord File Edit View Insert Format Tools Table Window Help 1 0 2 7 70% . Tue 8:04 PM Q E AutoSave ( OFF Document2 H Home Insert Design Layout References Mailings Review View Acrobat ? Tell me Share Comments Calibri (BO. * 12 A" A Aa Ap AaBbCcDdEe AaBbCcDdEe AaBbCcDC Paste BIUvab X x A LA Normal No Spacing Heading 1 Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures QUESTION 4 1. Absorption and Variable Costing - Part-2 Based on the information provided for the previous question on absorption and variable costing, determine the following for Year 9 and Year 10 using absorption costing. Year-9 a. Cost of Goods Sold b. Cost of Ending Inventory c. Operating Income d. Total Period Cost Year-10 a. Cost of Ending Inventory b. Operating Income Doend on the information nearidad for the nations nunstion on ahearntion and Page 1 of 2 302 words English (Canada Focus E + 174% rays Ture 11,491 4Word File Edit View Insert Format Tools Table Window Help 1 0 2 7 70% Tue 8:04 PM Q E AutoSave ( OFF Document2 H Home Insert Design Layout References Mailings Review View Acrobat ? Tell me Share Comments Calibri (BO... * 12 " A" A Aa Po AaBbCcDdEe AaBbCcDdEe AaBbCCD Paste BI Uva X2 X Av LAV Normal No Spacing Heading 1 Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures Based on the information provided for the previous question on absorption and variable costing, determine the following for Year 9 and Year 10 using variable costing Year-9 a. Cost of Ending Inventory b. Operating Income c. Total Period Cost Year-10 a. Cost of Ending Inventory b. Operating Income c. Total Period Cost Page 2 of 2 302 words English (Canada) Focus E - rays TVIz 4 A
