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PLEASE ANSWER ALL PARTS OF THE FOLLOWING QUESTIONS Variable Costing Leone Company has the following information for July: Sales $380,000 182,400 57,000 38,000 22,800 Variable
PLEASE ANSWER ALL PARTS OF THE FOLLOWING QUESTIONS
Variable Costing Leone Company has the following information for July: Sales $380,000 182,400 57,000 38,000 22,800 Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the following for Leone Company for the month of July: a. Manufacturing margin b. Contribution margin c. Income from operations $ $ $ Variable Costing-Production Exceeds Sales Fixed manufacturing costs are $52 per unit, and variable manufacturing costs are $156 per unit. Production was 107,000 units, while sales were 102,720 units. a. Determine whether variable costing income from operations is less than or greater than absorption costing income from operations. b. Determine the difference in variable costing and absorption costing income from operations. $ Variable Costing-Sales Exceed Production The beginning inventory is 8,000 units. All of the units that were manufactured during the period and 8,000 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are $41 per unit, and variable manufacturing costs are $95 per unit. a. Determine whether variable costing income from operations is less than or greater than absorption costing income from operations. b. Determine the difference in variable costing and absorption costing income from operations. Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $81 per unit, and fixed manufacturing costs are $59,400. Sales are estimated to be 4,600 units. If an amount is zero, enter "0". Do not round interim calculations. Round final answer to nearest whole dollar. a. How much would absorption costing income from operations differ between a plan to produce 4,600 units and a plan to produce 6,600 units? $ b. How much would variable costing income from operations differ between the two production plans? $
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