Omega Widget Manufacturers has variable costs (of making 10,000 widgets) that equals $20 per widget. Total fixed costs for Omega equal $100,000. Currently the sales price is $32 per widget (Next year's anticipated sales = 10,000 units)

During the budgeting process, Manager Abel recommends continuing production at 10,000 uruts- Manager Belzos recommends manufacturing 12,500 units. Supervisor Wylie, who is the production line supervisor, and up for a promotion to manager of Omega's Lanai, Hawaii factory, and also gets a bonus equal to 5% of the product line's net income just "demands" the production amount be 16,000 unitss- (There is enough productive capacity to make 16,000 uillts.) Omega has no selling expenses or general expenses.)

INSTRUCTIONS(Dont need to answer these):

1. Make out a regular financial accounting income statement pretending each proposal were used.

2. Make comments on the results and how they compare-

3 - Make out variable costing income statements of all 3 proposals.

Bonita Corporation has suggested they wiIl buy 3,000 widgets but are only willing to pay $25 per unit. Omega has the capacity to fiII the order. Fixed costs will stay the same. Can you solve this without doing income statements? (Hint: use contribution margin.)

What is the Variable Cost Per Unit of direct materials, direct labor, and variable factory overhead all added up(for one unit) according to the problem?

What will the Variable Cost Per Unit of direct materials, direct labor, and variable factory overhead all added up(for one unit) be if they produce 10,000 units?

What will the Variable Cost Per Unit of direct materials, direct labor, and variable factory overhead all added up(for one unit) be if they produce 12,500 units?

What will the Variable Cost Per Unit of direct materials, direct labor, and variable factory overhead all added up(for one unit) be if they produce 16,000 units?

What will the Variable Cost Per Unit of direct materials, direct labor, and variable factory overhead all added up(for one unit) be if they produce 25,000 units?

What will the Total Fixed Factory Overhead Costs be if they produce 10,000 units?

What will the Total Fixed Factory Overhead Costs be if they produce 12,500 units?

What will the Total Fixed Factory Overhead Costs be if they produce 16,000 units?

What will the Total Fixed Factory Overhead Costs be if they produce 25,000 units?

How much in sales(expressed in units) has Omega predicted for next year - even if they manufacture 10,000 units?

How much in sales(expressed in units) has Omega predicted for next year - even if they manufacture 12,500 units?

How much in sales(expressed in units) has Omega predicted for next year - even if they manufacture 16,000 units?

What will the Per Unit Fixed Factory Overhead Cost be if 10,000 units are made and each just "absorb" its 'Full' share of that $100,000 Fixed manufacturing cost?

What will the Per Unit Fixed Factory Overhead Cost be if 12,500 units are made and each just "absorb" its 'Full' share of that $100,000 Fixed manufacturing cost?

What will the Per Unit Fixed Factory Overhead Cost be if 16,000 units are made and each just "absorb" its 'Full' share of that $100,000 Fixed manufacturing cost?

If the firm makes 10,000 units, then what is the FULL cost of one manufactured unit?

If the firm makes 12,500 units, then what is the FULL cost of one manufactured unit?

If the firm makes 16,000 units, then what is the FULL cost of one manufactured unit?

What is the TOTAL cost of goods sold expense under FULL COSTING if 10,000 units are made and only 10,000 units are sold?

What is the TOTAL cost of goods sold expense under FULL COSTING if 12,500 units are made and only 10,000 units are sold?

What is the TOTAL cost of goods sold expense under FULL COSTING if 16,000 units are made and only 10,000 units are sold?

What is the Net Income under FULL COSTING if 10,000 units are manufactured and only 10,000 units are sold?

What is the Net Income under FULL COSTING if 12,500 units are manufactured and only 10,000 units are sold?

What is the Net Income under FULL COSTING if 16,000 units are manufactured and only 10,000 units are sold?

What is the "variable costing net income" for all 3 levels of manufacturing - regardless of how many units are manufactured but when only 10,000 units are sold?