Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Speedy Supplies sells a product at a price of $180.00. It's variable manufactured cost is $26.00 and the variable marketing cost per unit is $14.50

image text in transcribed
image text in transcribed
Speedy Supplies sells a product at a price of $180.00. It's variable manufactured cost is $26.00 and the variable marketing cost per unit is $14.50 with fixed cost per period of $70,000. What would be the change in operating income under variable costs if sales increase from 7,000 to 7,100 units? A. $13,950 B. $16,550 C. $15,400 D. Loss of $56,050 Click to select your answer. PIS POSSI Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $600.00 after negotiations. In the month of January, it manufactures 3,000 tables and sells 2,500 tables. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. The following information is provided for the month of January: Variable manufacturing costs $150.00 per unit Fixed manufacturing costs $95,000 per month Fixed Administrative expenses $27,000 per month At the end of the month Jean Peck's Furniture has an ending inventory of finished goods of 500 units. The company also incurs a sales commission or $10.00 per unit What is the cost of goods sold per unit when using absorption costina? A. $181.67 B. $150.00 C. $118.33 D. $191.67 ANWAR

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions