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requirement three is the part I need JJMB manufactures snowboards. JJMB began 2020 with an inventory of 260 boards. During the year, it produced 1,000

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requirement three is the part I need
JJMB manufactures snowboards. JJMB began 2020 with an inventory of 260 boards. During the year, it produced 1,000 boards and sold 1,020 for $770 each. Fixed production costs were $130,000, and variable production costs were $340 per unit. Fixed advertising, marketing, and other general and administrative expenses were $122,000, and variable shipping costs were $15 per board. Assume that the cost of each unit in beginning inventory is equal to 2020 inventory cost. JJMB uses a denominator level of 1,000 units. Read the requirements Requirement 1. Prepare an income statement assuming JJMB uses variable costing. Complete the top half of the income statement first, then complete the bottom portion. (Use parentheses or a minus sign for an operating loss.) Revenues 785400 Variable cost of goods sold: Beginning inventory 88400 Variable manufacturing costs 340000 Cost of goods available for sale 428400 Deduct ending inventory 81600 Variable cost of goods sold 3436800 Variable shipping costs 15300 Contribution margin 423300 Fixed manufacturing costs 130000 Fixed selling and administrative costs 122000 Operating income (loss) 171300 JJMB manufactures snowboards. JJMB began 2020 with an inventory of 260 boards. During the year, it produced 1,000 boards and sold 1,020 for $770 each. Fixed production costs were $130,000, and variable production costs were $340 per unit. Fixed advertising, marketing, and other general and administrative expenses were $122,000, and variable shipping costs were $15 per board. Assume that the cost of each unit in beginning inventory is equal to 2020 inventory cost. JJMB uses a denominator level of 1,000 units. Read the requirements Requirement 2. Prepare an income statement assuming JJMB uses absorption costing. JJMB uses a denominator level of 1,000 units. Production-volume variances are written off to cost of goods sold. Complete the top half of the income statement first, then complete the bottom portion. (Do not round Intermediary calculations. Only round the amount you input in the cell to the nearest dollar Use parentheses or a minus sign for an operating loss.) Revenues 785400 Cost of goods sold Beginning inventory 122200 Variable manufacturing costs 340000 Fixed manufacturing costs 130000 Cost of goods available for sale 592200 Deduct ending inventory 112800 Cost of goods sold 349400 Gross margin 436000 Variable shipping costs 15300 Fixed selling and administrative costs 122000 Operating income (loss) 298700 JJMB manufactures snowboards, JJMB began 2020 with an inventory of 260 boards. During the year, it produced 1,000 boards and sold 1,020 for $770 each. Fixed production costs were $130,000, and variable production costs were $340 per unit. Fixed advertising, marketing, and other general and administrative expenses were $122,000, and variable shipping costs were $15 per board. Assume that the cost of each unit in beginning inventory is equal to 2020 inventory cost. JJMB uses a denominator level of 1,000 units. Requirement 3. Compute the breakeven point in units sold assuming JJMB uses (a) Variable costing and (b) Absorption costing. Provide proof of your breakeven calculations. Requirement 3(a). Compute the breakeven point in units under variable costing. (Round your answer up to the next whole number) Breakeven point under variable costing Requirement 3(b). Compute the breakeven point in units under absorption costing First, select the formula and enter the amounts. Then solve for Q in the next step. (Enter the fixed migrate to the nearest cent. Assume "A" is the breakeven point in units. Abbreviations used: BEP = breakeven point, CM = contribution margin, and Mfg = manufacturing.) BEP under absorption * Breakeven units costing X Q (Round your answer up to the next whole number.) Q(the breakeven point) under absorption costing is units Provide proof of your preceding breakeven calculations. (Round all amounts to the nearest whole dollar) a. Variable costing of your breakeven calculations. Requirement 3(a). Compute the breakeven point in units under variable costing. (Round yo Breakeven point under variable costi II n point in units under absorption costing. Contribution margin per unit unts. Then solve for Q in the next step. (Enter the used: BEP = breakeven point, CM = contribution Fixed manufacturing costs Fixed operating costs Revenue * Breakeven units D] D] Q Selling price umber.) Total fixed costs costing is units. Provide proof of your preceding hroolrouten Requirement 3(b). Compute the breakeven point in units under absorption costing. First, select the formula and enter the amounts. Then solve for Q in the next step. (Enter the fixed mfg rate to the ne the breakeven point in units. Abbreviations used: BEP = breakeven point, CM = contribution margin, and Mfg = man *( Breakeven units Q + ]+ (Round your answer up 1 Breakeven units Q (the breakeven point) units. Fixed mfg rate Provide proof of your pre a. Variable costing ns. (Round all amounts to the nearest whole dollar.) Total fixed costs Units produced CM per unit JJMB manufactures snowboards. JJMB began 2020 with an inventory of 260 boards. During the year, it produced 1,000 boards and sold 1,020 for $770 each. Fixed production costs were $130,000, and variable production costs were $340 per unit. Fixed advertising, marketing, and other general and administrative expenses were $122,000, and variable shipping costs were $15 per board. Assume that the cost of each unit in beginning inventory is equal to 2020 inventory cost. JJMB uses a denominator level of 1,000 units. Read the requirements absorption * Breakeven units costing )] Q (Round your answer up to the next whole number.) Q (the breakeven point) under absorption costing is units. Provide proof of your preceding breakeven calculations. (Round all amounts to the nearest whole dollar.) a. Variable costing b. Absorption costing. (Round all amounts to the nearest whole dollar) Provide proof of your preceding breakeven call a. Variable costing. Contribution margin Fixed costs 2 nearest whole dollar.) Operating income (loss) Production-volume variance Revenues Selling and administrative costs Variable costs MB US and other general and adminis Adjustment for production-volume variance inits ] + Contribution margin Cost of goods at standard cost units. Cost of goods sold nd all amounts to the nearest whole doll Fixed manufacturing costs Fixed selling and administrative costs Gross margin Operating income (loss) Revenues Variable manufacturing costs le dollar) Variable shipping costs

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