Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help in these questions. I have only 30 minutes Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price

I need help in these questions. I have only 30 minutes

image text in transcribed

image text in transcribed

image text in transcribed

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price de S. Com travail Direct materials Direct labor Variable factory overhead Fixed factory overhead Variable selling expense Fixed selling expense $30,000 33,000 8,000 40,000 5,000 4,900 11,000 Fixed administrative expense Fixed factory overhead is applied based on expected production. Last year, Richmon expected to produce 10 min What is operating income for last year under absorption costing! S29,340 $63,100 $39,000 $55,000 $12,430 Question 22 The following information pertains to Maybany Competition Beginning inventory Ending inventory Direct labar per until 6,000 Sad Direct materials per unit 20 Variable overhead per unit Fixed overhead per unit Variable selling and admin.costs per unit Fixed selling and admis costs per unit What is the value of the ending inventory using the variable conting method! $240,000 $360,000 $350,000 $420,000 in Pro Suders Company has the following information for last yes $190 per $52 per un produced Selling price Variable production costs Variable selling and admin.cpenses Fixed production cours Fixed selling and admin, expenses SIL Units produced Units sold There were no beginning inventories What is the value of ending inventory for Sunden using the absorption conting metiend! $220,000 $280,000 $360,000 $380,000 Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price de S. Com travail Direct materials Direct labor Variable factory overhead Fixed factory overhead Variable selling expense Fixed selling expense $30,000 33,000 8,000 40,000 5,000 4,900 11,000 Fixed administrative expense Fixed factory overhead is applied based on expected production. Last year, Richmon expected to produce 10 min What is operating income for last year under absorption costing! S29,340 $63,100 $39,000 $55,000 $12,430 Question 22 The following information pertains to Maybany Competition Beginning inventory Ending inventory Direct labar per until 6,000 Sad Direct materials per unit 20 Variable overhead per unit Fixed overhead per unit Variable selling and admin.costs per unit Fixed selling and admis costs per unit What is the value of the ending inventory using the variable conting method! $240,000 $360,000 $350,000 $420,000 in Pro Suders Company has the following information for last yes $190 per $52 per un produced Selling price Variable production costs Variable selling and admin.cpenses Fixed production cours Fixed selling and admin, expenses SIL Units produced Units sold There were no beginning inventories What is the value of ending inventory for Sunden using the absorption conting metiend! $220,000 $280,000 $360,000 $380,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Lets tackle each question one by one Question 1 Operating Income under Absorption Costing Richmon Company Details Produced units 10000 Sold units 6000 ... 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

Auditing Practices A Complete Guide

Authors: Gerardus Blokdyk

2023rd Edition

1038804450, 978-1038804457

More Books

Students also viewed these Accounting questions

Question

demonstrate the importance of induction training.

Answered: 1 week ago