Old MathJax webview

Old MathJax webview

January February March Unit data: Beginning inventory 0 150 50 Production 900 825 1,300 Sales 750 925 1,000 Variable costs: Manufacturing cost per unit produced $ 1,100 $ 1,100 $ 1,100 Operating (marketing) cost per unit sold 575 575 $ 575 Fixed costs $ 380,000 $ 380,000 $ Manufacturing costs Operating (marketing) costs 380,000 155,000 155,000 155,000 costini The selling price per unit is $3,200. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 900 units. There are no price, efficiency, or rate variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Question Print Done X 1 Data Table January 2018 February 2018 Revenue $ 2.400.000 $ 2960.000 $3200 200 Variable costs. s Beginning inventory 0 5 165.000 990.000 907.500 Variable manufacturing costs Cost of goods avail for sale 990.000 (165.000 1,072500 55.000 Less Ending inventory Variable cost of goods sold 825.000 1.017500 531.875 55000 431 250 Variable operating costs a X Data Table X Variable cost of goods sold 825,000 431,250 1,017,500 531,875 1,100,000 575,000 Variable operating costs Total variable costs 1,256,250 1,549,375 1,675,000 Contribution margin 1,143,750 1,410,625 1,525,000 Variable costs. Fixed manufacturing costs 380,000 155,000 380,000 155,000 380,000 155,000 Fixed operating costs 535,000 535,000 535,000 Total fixed costs $ 608,750 $ 875,625 $ 990,000 Operating income e X o i 1 The Data Table January 2018 February 2018 Req 1. Po 2. Cd 3. Gi March 2012 Revenue $ 2,400,000 $ 2,960,000 $3200,000 Reqt $ 0 $ 228,300 76,100 1.430,000 First 990,000 907,500 Cost of goods sold: Beginning inventory Variable mftg costs Allocated fixed mftg costs Cost of goods avail for sale 380,000 348,150 548,600 2,054,700 1,370,000 1,483,950 Choo (228,300) (76,100) (532,700) Less Ending inventory Adjust for prod-volume - 31 850. [168 500) Hd o i lick to view the data.) (Click to view the variable costing statements of comprehensive income.) Data Table - X sale 1,483,950 2,054,700 1,370,000 (228,300) (76,100) (532,700) Less Ending inventory Adjust for prod-volume var 0 31,850 U (168,600) F Cost of goods sold 1,141,700 1,439,700 1,353.400 Gross margin 1,258,300 1,520,300 1,846,600 Operating costs. Variable operating costs Fixed operating costs 431,250 531,875 575,000 155,000 155,000 155,000 Total aneratina o &W L P var JT,OJU U T100,000F Cost of goods sold 1,141,700 1,439,700 1,353,400 Gross margin 1,258,300 1,520,300 1,846,600 431,250 531,875 575,000 Operating costs Variable operating costs Fixed operating costs Total operating costs 155,000 155,000 155,000 586,250 686,875 730.00 $ 672,050 $ 833,425 $ 1.116,600 Operating income U O bler - X Data Table to January February March - tth em Direct material cost per unit $ 700 $ 700 $ 700 110 110 110 Direct manufacturing labour cost per unit Manufacturing overhead cost per unit ent 290 290 290 $ 1,100 $ 1,100 $ 1,100 ete Print Done (Click to view the variable manufacturing costs per unit.) Required 1. Prepare operating statements of comprehensive income for January, February, and March of 2018 under throughput costing 2. Contrast the results in requirement 1 with the absorption and variable costing statements of comprehensive income presented 3. Give one motivation to adopt throughput costing. IR Lumpicic UIC LP PUII UI LIIC SLALCIUCHIL ANU LICHILIC VULLUM POTUIT UN C SACICIIL. ILINCI I am un alimpul aitas.) January 2018 February 2018 March 2018 Revenue Chnann from an lictor antor any number in the input fields and then click Check Answer TORE ACCT 2211 - Spring 2021 ercise 9-.. Beginning inventory HW Score: 73. Score: 0 of 24 Cost of goods available for sale Deduct ending inventory Direct materials in goods manufactured s and uses standard costing. Actual data ebruary, and March of 2018 are as folloy able costing statements of comprehens prehensive income.) Manufacturing costs pration are as follows. Other operating costs -) RRR Throughput contribution 2018 February 2018 Total other costs Manufacturing costs Darinning inventory Direct materials in goods manufactured Manufacturing costs 5 and uses standar ebruary, and March able costing staten Other operating costs prehensive incom Throughput contribution bration are as follo Total other costs Total variable direct materials costs 2078 Variable direct materials costs Manufacturing costs Beginning inventory Choose from any list or enter any number in the input fields and then cli Help Me Solve This e Text Pages Get More Help Required 1. Prepare operating statements of comprehensive income for January, February, and March of 2018 under throughput costing. 2. Contrast the results in requirement 1 with the absorption and variable costing statements of comprehensive income presented. 3. Give one motivation to adopt throughput costing CO January 2018 February 2018 March 2018 Revenue Cost of goods available for sale Manufacturing costs Beginning inventory Choose from any list or enter any number in the input fields and then click Check Answer Help Me Solve This e Text Pages Get More Help Type here to search O W o