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PLEASE ANSWER ALL PARTS OF THE QUESTIONS LISTED BELOW Contribution Margin by Segment The following data are for Moss Creek Apparel: East West 8,000 9,400
PLEASE ANSWER ALL PARTS OF THE QUESTIONS LISTED BELOW
Contribution Margin by Segment The following data are for Moss Creek Apparel: East West 8,000 9,400 Sales volume (units): Product Xx Product YY Sales price: Product XX 5,200 11,400 $22 $23 Product YY $27 $26 Variable cost per unit: Product xx $13 $13 Product YY $16 $16 a. Determine the contribution margin for Product YY. b. Determine the contribution margin for the West Region. $ Contribution Margin Analysis The actual variable cost of goods sold for a product was $50 per unit, per unit, while the planned variable cost of goods sold was $42 per unit. The volume increased by 7,100 units to 88,400 actual total units. Enter all amounts as positive numbers. a. Determine variable cost quantity factor. b. Determine the unit cost factor for variable cost of goods sold. $ Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 6,300 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $30.70 Direct labor 17.10 6.20 Fixed factory overhead Variable factory overhead 5.50 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Absorption costing $ Variable costing
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