question #1

part 1

part 2

question #2

Jax incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. 1. Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are soid and (b)112,000 units are produced and 76.000 units are sold: 2 By how much would the company's gross profit increase or decrease from producing 36,000 more units than it sells? Complete this question by entering your onswers in the tabs below. Compute gross profit assuming (a)76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced. . and 76,000 units are sold. Kenzi, a manufacturer of kayaks, began operations this year During this year, the company produced 1,025 kayaks and sold 775 at a price of \$1,025 each. At year-end, the company reported the following income statement information using absorption costing. Additional Information a. Product cost per kayak under absorption costing totals $450, which consists of $350 in direct materlals, direct labor, and variable overhead costs and $100 in fixed overhead cost. Fixed overhead of $100 per unit is based on $102,500 of fixed overhead per year divided by 1.025 kayaks produced b. The $240,000 in seling and administrative expenses consists of $85,000 that is variable and $155,000 that is fived: Prepare an income statement for the current year under variable costing 1. Compute gross profit assuming (a)76,000 units are produced and 76,000 units are sold and (b)112,000 units are produced and 76,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 36.000 more units than it sells? Complete this cuestion by entering your answers in the tabs below. By how much would the company's gross profit increase or decrease from producing 36,000 more units than it sells? Additional Information a. Product cost per kayak under absorption costing totals $450, which consists of $350 in direct materials, direct labor, and varia overhead costs and $100 in fixed overhead cost. Fixed overhead of $100 per unit is based on $102,500 of fixed overhead per ye divided by 1,025 kayaks produced. b. The $240,000 in selling and administrative expenses consists of $85,000 that is variable and $155,000 that is fixed. Prepare an income statement for the current year under variable costing Complete this question by entering your answers in the tabs below. Compute gross profit assuming (a)76,000 units are produced and 76,000 units are sold and (b)112,000 units are produ and 76,000 units are sold