Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) Accelerate Motors assembles and sets motor vehicles and uses standard costing Actual

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) Accelerate Motors assembles and sets motor vehicles and uses standard costing Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: Click the icon to view the data) Click the icon to view the variable costing income statements Click the icon to view the absorption costing income statements) The variable manufacturing costs per unt of Accelerate Motors are as (Click the icon to view the variable manufacturing costs per unit) Read the resultants Requirement 1. Prepare income statements for Accelerate Motors in April and May 2017 under throughput costing Begin by completing the top portion of the staternent, then the bottom portion (Complete all answer boxes. Enter a "o" for any zero amounts.) April 2017 May 2017 Revenues Requirements Direct material cost of Beginning inventory Direct materiais 1. Prepare income statements for Accelerate Motors in April and May 2017 under Cost of goods avait throughput conting 2. Contrast the results in requirement 1 with the absorption and variable costing Deduct ending invent income statements presented Total direct mater 3. Give ono molvation for Accelerate Motors to adopt throughput costing Throughout margin Print Done Choose from any list or enter any number in the input fields and then click Check Answer 3 Parts Clear All remaining Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) The variable manufacturing costs per unit of Accelerate Motors (Click the icon to view the variable manufacturing costs per Accelerate Motors assembles and sets motor vehicles and uses standard costing Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows (Click the icon to view the data) Click the span (Click the 6 Data Table - X Read the requirements Requirement Begin by comel osting hora for any zero amounts) 1000 Revenues Direct material Beginning Directa Cost of go Deducten Total Throughput April May Unit data Beginning inventory 0 100 Production 400 350 Sales 300 425 Variable costs Manufacturing cost per unit produced $ 8.000 S 8.000 Operating marketing) cost per unit sold 4.000 4,000 Fored costs: Manufacturing costs $ 2400,000 $ 2.400,000 Operating (marketing) costs 675 000 675,000 The selling price per vehicle is $25,000. The budgeted level of production used to calculate the budgeted foxed manufacturing cost per unit is 400 units. There are no price, efficiency, or spending variances. Any production Volume variance is written off to cost of goods sold in the month in which occurs Print Done Choose from any list or enter any number in the input fields and then click Check Answer Homework: Chapter 9 Homework Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) The variable manufacturing costs per unit (Click the icon to view the variable ma Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Cick the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the variable costing income statements Read the requirements - X Requirement Begin by com lounts.) May 2017 April 2017 $ 7,500,000 $ 10,625,000 $ 0 3,200.000 Ravenues Direct materid Beginning Direct mat Cost of Deducten Total Throughput Revenues Variable costs Beginning inventory Variable manufacturing costs Cost of goods available for sale Less Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Faced costs Foced manufacturing costs Fixed operating costs Total focod costs Operating income 3,200,000 (800,000) 2,400,000 1,200,000 $ 800,000 2,800,000 3,600,000 (200,000) 3,400,000 1,700,000 3,600,000 3,900,000 5,100,000 5.525.000 2,400,000 675,000 2,400,000 675,000 3,075,000 3,075,000 $ 2.450,000 $ 825.000 Print Done Chance Homework: Chapter 9 Homework core: 0 of 2 pts 9-22 (similar to) 2 of 3 2 complete) The variable manufacturing costs per unit of Accelerat Click the icon to view the variable manufacturing Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows (Click the icon faciam the data (Click the icon absorption costing income statements (Cock the icon - Requirement 1. P: Begin by completin April 2017 $ 7.500,000 May 2017 $ 10,625 000 0 $ 1,400,000 3,200,000 2.400.000 2.800,000 2.100,000 Revenues Direct material cos Beginning inve Direct material Cost of goods Deduct ending 3,600,000 (5.400,000) 0 6,300,000 (350,000) 300,000 v Revenues Cost of goods sold Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin Operating costs. Variable operating costs Fred operating costs Total operating costs Operating income 4.200,000 6,250.000 Total direct 3,300,000 4,375,000 Throughput maro 1,200,000 675,000 1.875,000 1,700,000 675,000 2,375,000 $ 2,000,000 $ 1,425,000 Print Done Shoose from any list or enter any number in the innut fields and then click Charl Anwar celerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable ting and absorption costing income statements relating to April and May 2017 are as follows: Click the icon to view the data.) Click the icon to view the variable costing income statements) rclick the icon to view the absorption costing income statements.) The variable manufacturing costs per unit of Acceler (Click the icon to view the variable manufacturin Read the requirements quirement 1. Prepare income statements for Accelerate Motors in April and May 2017 under throughput costing. gin by completing the top portion of the statement, then the bottom portion (Complete all answer boxes. Enter a "0" for any zero amounts.) April 2017 May 2017 evenues 7500000 10625000 irect matenal cost of goods sold Beginning inventory - X Direct materials Data Table Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold April May hroughput margin Direct material cost per unit $ 6,500 $ 6,500 Direct manufacturing labor cost per unit 1.400 1,400 Manufacturing overhead cost per unit 100 100 Print Done Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) Accelerate Motors assembles and sets motor vehicles and uses standard costing Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: Click the icon to view the data) Click the icon to view the variable costing income statements Click the icon to view the absorption costing income statements) The variable manufacturing costs per unt of Accelerate Motors are as (Click the icon to view the variable manufacturing costs per unit) Read the resultants Requirement 1. Prepare income statements for Accelerate Motors in April and May 2017 under throughput costing Begin by completing the top portion of the staternent, then the bottom portion (Complete all answer boxes. Enter a "o" for any zero amounts.) April 2017 May 2017 Revenues Requirements Direct material cost of Beginning inventory Direct materiais 1. Prepare income statements for Accelerate Motors in April and May 2017 under Cost of goods avait throughput conting 2. Contrast the results in requirement 1 with the absorption and variable costing Deduct ending invent income statements presented Total direct mater 3. Give ono molvation for Accelerate Motors to adopt throughput costing Throughout margin Print Done Choose from any list or enter any number in the input fields and then click Check Answer 3 Parts Clear All remaining Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) The variable manufacturing costs per unit of Accelerate Motors (Click the icon to view the variable manufacturing costs per Accelerate Motors assembles and sets motor vehicles and uses standard costing Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows (Click the icon to view the data) Click the span (Click the 6 Data Table - X Read the requirements Requirement Begin by comel osting hora for any zero amounts) 1000 Revenues Direct material Beginning Directa Cost of go Deducten Total Throughput April May Unit data Beginning inventory 0 100 Production 400 350 Sales 300 425 Variable costs Manufacturing cost per unit produced $ 8.000 S 8.000 Operating marketing) cost per unit sold 4.000 4,000 Fored costs: Manufacturing costs $ 2400,000 $ 2.400,000 Operating (marketing) costs 675 000 675,000 The selling price per vehicle is $25,000. The budgeted level of production used to calculate the budgeted foxed manufacturing cost per unit is 400 units. There are no price, efficiency, or spending variances. Any production Volume variance is written off to cost of goods sold in the month in which occurs Print Done Choose from any list or enter any number in the input fields and then click Check Answer Homework: Chapter 9 Homework Score: 0 of 2 pts 2 of 3 (2 complete) E9-22 (similar to) The variable manufacturing costs per unit (Click the icon to view the variable ma Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows: (Cick the icon to view the data.) (Click the icon to view the variable costing income statements.) (Click the variable costing income statements Read the requirements - X Requirement Begin by com lounts.) May 2017 April 2017 $ 7,500,000 $ 10,625,000 $ 0 3,200.000 Ravenues Direct materid Beginning Direct mat Cost of Deducten Total Throughput Revenues Variable costs Beginning inventory Variable manufacturing costs Cost of goods available for sale Less Ending inventory Variable cost of goods sold Variable operating costs Total variable costs Contribution margin Faced costs Foced manufacturing costs Fixed operating costs Total focod costs Operating income 3,200,000 (800,000) 2,400,000 1,200,000 $ 800,000 2,800,000 3,600,000 (200,000) 3,400,000 1,700,000 3,600,000 3,900,000 5,100,000 5.525.000 2,400,000 675,000 2,400,000 675,000 3,075,000 3,075,000 $ 2.450,000 $ 825.000 Print Done Chance Homework: Chapter 9 Homework core: 0 of 2 pts 9-22 (similar to) 2 of 3 2 complete) The variable manufacturing costs per unit of Accelerat Click the icon to view the variable manufacturing Accelerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May 2017 are as follows (Click the icon faciam the data (Click the icon absorption costing income statements (Cock the icon - Requirement 1. P: Begin by completin April 2017 $ 7.500,000 May 2017 $ 10,625 000 0 $ 1,400,000 3,200,000 2.400.000 2.800,000 2.100,000 Revenues Direct material cos Beginning inve Direct material Cost of goods Deduct ending 3,600,000 (5.400,000) 0 6,300,000 (350,000) 300,000 v Revenues Cost of goods sold Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Less: Ending inventory Adjustment for production-volume variance Cost of goods sold Gross margin Operating costs. Variable operating costs Fred operating costs Total operating costs Operating income 4.200,000 6,250.000 Total direct 3,300,000 4,375,000 Throughput maro 1,200,000 675,000 1.875,000 1,700,000 675,000 2,375,000 $ 2,000,000 $ 1,425,000 Print Done Shoose from any list or enter any number in the innut fields and then click Charl Anwar celerate Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable ting and absorption costing income statements relating to April and May 2017 are as follows: Click the icon to view the data.) Click the icon to view the variable costing income statements) rclick the icon to view the absorption costing income statements.) The variable manufacturing costs per unit of Acceler (Click the icon to view the variable manufacturin Read the requirements quirement 1. Prepare income statements for Accelerate Motors in April and May 2017 under throughput costing. gin by completing the top portion of the statement, then the bottom portion (Complete all answer boxes. Enter a "0" for any zero amounts.) April 2017 May 2017 evenues 7500000 10625000 irect matenal cost of goods sold Beginning inventory - X Direct materials Data Table Cost of goods available for sale Deduct ending inventory Total direct material cost of goods sold April May hroughput margin Direct material cost per unit $ 6,500 $ 6,500 Direct manufacturing labor cost per unit 1.400 1,400 Manufacturing overhead cost per unit 100 100 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Cornerstones Of Managerial Accounting

Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen

1st Edition

0324378068, 9780324378061

More Books

Students also viewed these Accounting questions

Question

What is the competition?

Answered: 1 week ago

Question

What is the relative priority among the viable goals?

Answered: 1 week ago