Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nicdao Manufacturing Corporation produces three Products - Product G, Product O, and Product E. The number of units sold for December 2020, the Unit Selling

image text in transcribedimage text in transcribed

Nicdao Manufacturing Corporation produces three Products - Product G, Product O, and Product E. The number of units sold for December 2020, the Unit Selling Price, and Unit Variable Cost for each product is shown in the table. In this case, UVCs are separable costs associated with each product. Product G 500 UNITS USP Producto 600 P 200 P 100 Product E 700 P 100 P 100 P 60 UVC 90 As seen in the diagram, there are two Departments involved in processing Products G, O, and E. The COO ensures that the cost for Department 1 and Department 2 are maintained in a ratio. In this case, Department 1 it 4x the cost of Department 2. The total Net Income for December 2020 is P 27,000. Product G Units: 500 USP: P 100 UVC: 60 Department 2 Input Fixed Cost = ? Department 1 Producto Units: 600 USP: 200 UVC: 100 Fixed Cost = ? Product E Units: 700 USP: 100 UVC: 90 Find: 1. The Total Contribution Margin for December 2020? 2. The Fixed Cost (Joint Cost) for Department 1? 3. The Unit Cost (Considering VC and FC) for Product G

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

4th edition

978-0133428469, 013342846X, 133428370, 978-0133428377

Students also viewed these Accounting questions