Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ne reports trie.tenowing.annuarcost. Oata torits sing Nornal production and sales level Sales price Direct materials Direct Labor ariable overhead Fixed overhead 68,800 units $ 56.88
ne reports trie.tenowing.annuarcost. Oata torits sing Nornal production and sales level Sales price Direct materials Direct Labor ariable overhead Fixed overhead 68,800 units $ 56.88 per unit $9.88 per unit $ 7.38 per unit $ 11.88 per unit $ 979,288 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) t of s sold: 68,000 units 96,000 units materials per unit labor per unit riable overhead per unit Fixed overhead per unit 11.80 14.40 10 20 43.30 5 39.10 Cost of goods sold per unit Number of units sold Total cost of goods sold 5 2,944.400 2,658,800 Jacquie Inc. Income statement through gross margin Sales volume 68,000 units 68,000 units 5 3,862 400 $ 5,452 st of goods sold (2,944,400)2,658,800) 2,794,000 margin 918,000 f Jacquie increases its to 96,000 units, while sales remain at the current 8,000 unit level, by how much would the company's gross margin increase or decrease absorption costing? Assume the company has idle capacity to double current Gross margin decreases by Number of units sold Change in fixed overhead cost per unit Change in cost of goods sold: 285,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started