I really need would like some help with this ... worked out and why. Cost Accounting is not my expertise.
x lata relating to January The variable manufacturino sacte nor unit of Calam Coraan Carnaration are as follows: Data Table Data Table bsol hufacturing cost off to cost of gd January February March Unit data: January February March $ 0 Direct material cost per unit 150 550 550 $ 550 $ 150 150 Beginning inventory Production Sales 1,300 1,275 1,350 150 150 proughput costir Direct manufacturing labor cost per unit Manufacturing overhead cost per unit 250 250 250 1,150 1,275 1,375 e accounts.) $ Variable costs: 950 $ 950 950 $ $ 950 $ 950 $ 950 March 2017 Manufacturing cost per unit produced Operating (marketing) cost per unit sold $ 675 $ 675 $ 675 Fixed costs: Print Done $ 533,000 $ 533,000 $ 533,000 Manufacturing costs Operating (marketing) costs $ 200,000 $ 200,000 $ 200,000 Print Done Variable costing income statement Absorption costing income statement March 2017 January 2017 $ 3,105.000 February 2017 $ 3.442,500 March 2017 $ 3,712,500 January 2017 $ 3,105,000 February 2017 S 3.442,500 Revenues S 3,712,500 Variable costs: $ $ S $ 204,000 0 1.235,000 S 142,500 1211,250 $ 142,500 1,282,500 1235,000 533,000 204,000 1,211,250 522,750 1,282,500 563,500 1,353,750 (142,500) 1,425,000 (118.750) 1,235,000 (142,500) 1,092,500 776,250 1,768,000 (204,000) Beginning inventory Variable manufacturing casts Cost of goods available for sale Less Ending inventory Variable cost of goods sold Variable operating costa Total variable costs Contribution margin Fixed costs: Fixed manufacturing costs 1,938,000 (20,000) 1.211.250 880,625 1,306,250 928,125 Revenues Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cast of goods available for sale Less: Ending inventory Adj. for production-volume variance Cast of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs Total operating costs 2,040,000 (170,000) (20,500) 0 10,250 W 1.888.750 2.071.675 2,234,375 1,561.000 1,744.250 1,819,500 1,236,250 1,370,625 1,478,125 1,541,000 1,698,250 1,863,000 533,000 200,000 533,000 200,000 533,000 200,000 776,250 200,000 860,625 200,000 928.125 200.000 Fixed operating costs 733,000 733,000 733,000 976,250 Total foxed costs 1,050,625 S 637,625 1,128,125 734 $ 503,250 $ 637,625 S 745,125 $ 564,750 Operating income Operating income $734,874 I see on Print ( Print Print Done Print Done Salem Screen Corporation manufactures and sells 50-inch television sete and uses standard costing. Actual data relating to January February, and March 2017 are as follows: (Click the icon to view the actual data.) The selling price per unit is $2,700. The budgeted level of production used to calculate the budgeted fored manufacturing cost per unit Is 1,300 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it cours The variable manufacturing costs per unit of Salem Screen Corporation are as follows: (Click the icon to view the variabile manufacturing cost data.) Salem Screen prepared the following income statements under variable costing and absorption costing Click the icon to view the variabile costing statement.) Click the icon to view the absorption costing statement.) Read the requirements Requirement 1. Prepare income statements for Salem Screen in January, February, and March 2017 under throughput cosling- Begin by completing the top portion of the statement, then the bottom portion (Enter a "U" for any zero balance accounts.) X January 2017 February 2017 March 2017 Requirements Revenues 1. Prepare income statements for Salem Screen in January, February, and March 2017 under throughput costing. 2. Contrast the results in requirement 1 with the operating income results under variable costing and absorption costing, 3. Give one motivation for Salern Screen to adopt throughput costing. Print Done
