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Please assist with the following questions Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit:

Please assist with the following questions
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Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 6 10 3 3 $ 22 $ 96,000 166.000 $ 262,000 The product sells for $47 per unit. Production and sales data for July and August, the first two months of operations, follow: July August Units Produced 24,000 24,000 Units Sold 20,000 28,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 940,000 460,000 480,000 226,000 $ 254,000 August $ 1,316,000 644,000 672,000 250,000 $ 422,000 Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing 2. Prepare variable costing Income statements for July and August 3. Reconcile the variable costing and absorption costing net operating incomes Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 28 20 4 3 210,000 $ 150,000 During its first year of operations, Haas produced 60,000 units and sold 60.000 units. During its second year of operations, it produced 75.000 units and sold 50.000 units. In its third year, Haas produced 40,000 units and sold 65.000 units. The selling price of the company's product is $61 per unit. Required: 1. Compute the company's break-even point in unit sales. 2. Assume the company uses variable costing: a. Compute the unit product cost for Year 1, Year 2and Year 3 b. Prepare an income statement for Year 1 Year 2, and Year 3. 3. Assume the company uses absorption costing a. Compute the unit product cost for Year 1 Year 2 and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Soles (@$62 per unit) Cost of goods sold (@$43 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,116,000 774,000 342,000 300,000 $ 42,000 Year 2 $ 1,736,000 1,204,000 532,000 330,000 $ 202,000 *$3 per unit variable: $246.000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($437,000 + 23,000 units) Absorption costing unit product cost $ 7 12 5 19 $ 43 Production and cost data for the first two years of operations are: Units produced Units sold Year 1 23,880 18,000 Year 2 23,000 28,000 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 11.00 $36.00 $ 2.50 $ 11.00 $ 132,000 $ 49,000 Last year the company produced and sold 35,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $97.000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month 6 10 3 3 $ 22 $ 96,000 166.000 $ 262,000 The product sells for $47 per unit. Production and sales data for July and August, the first two months of operations, follow: July August Units Produced 24,000 24,000 Units Sold 20,000 28,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income July $ 940,000 460,000 480,000 226,000 $ 254,000 August $ 1,316,000 644,000 672,000 250,000 $ 422,000 Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing 2. Prepare variable costing Income statements for July and August 3. Reconcile the variable costing and absorption costing net operating incomes Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 28 20 4 3 210,000 $ 150,000 During its first year of operations, Haas produced 60,000 units and sold 60.000 units. During its second year of operations, it produced 75.000 units and sold 50.000 units. In its third year, Haas produced 40,000 units and sold 65.000 units. The selling price of the company's product is $61 per unit. Required: 1. Compute the company's break-even point in unit sales. 2. Assume the company uses variable costing: a. Compute the unit product cost for Year 1, Year 2and Year 3 b. Prepare an income statement for Year 1 Year 2, and Year 3. 3. Assume the company uses absorption costing a. Compute the unit product cost for Year 1 Year 2 and Year 3. b. Prepare an income statement for Year 1, Year 2, and Year 3. During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Soles (@$62 per unit) Cost of goods sold (@$43 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,116,000 774,000 342,000 300,000 $ 42,000 Year 2 $ 1,736,000 1,204,000 532,000 330,000 $ 202,000 *$3 per unit variable: $246.000 fixed each year. The company's $43 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($437,000 + 23,000 units) Absorption costing unit product cost $ 7 12 5 19 $ 43 Production and cost data for the first two years of operations are: Units produced Units sold Year 1 23,880 18,000 Year 2 23,000 28,000 Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income figures for each year. Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost Information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 11.00 $36.00 $ 2.50 $ 11.00 $ 132,000 $ 49,000 Last year the company produced and sold 35,500 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $97.000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow

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