Answered step by step
Verified Expert Solution
Question
1 Approved Answer
. please help me answer. thank you Required information [The following information applies to the questions displayed below.) Diego Company manufactures one product that is
.
please help me answer. thank you
Required information [The following information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 58.000 units and sold 54,000 units. $ 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 expense 23 15 3 3 $ $ $1,160,000 $ 640,000 The company sold 40.000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expense is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50.000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Required: 1. What is the unit product cost under variable costing? The company sold 40,000 units in the East region and 14,000 fixed selling and administrative expense is traceable to the Wes remaining $50,000 is a common fixed expense. The company manufacturing overhead costs as long as it continues to produc Required: 1. What is the unit product cost under variable costing? Unit product cost $ 76 co The company sold 40,000 units in the East region and 14,00 fixed selling and administrative expense is traceable to the remaining $50,000 is a common fixed expense. The compa manufacturing overhead costs as long as it continues to pro 2. What is the unit product cost under absorption costing? X Answer is complete but not entirely correct. Unit product cost $ 33 X remaining $50,000 is common fixed expense. The company will continue manufacturing overhead costs as long as it continues to produce any amo 3. What is the company's total contribution margin under variable costing? Answer is complete but not entirely correct. Total contribution margin $ 42 X 52 fixed selling and administrative expense is traceable to the West region. $270,000 remaining $50,000 is a common fixed expense. The company will continue to incur manufacturing overhead costs as long as it continues to produce any amount of its 4. What is the company's net operating income (loss) under variable costing? X Answer is not complete. $ (7,200)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started