Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Swed 1 2 points DOO Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold

image text in transcribed
image text in transcribed
Swed 1 2 points DOO Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for 5964 Selected data for the company's operations last year follow Units in beginning inventory units produced 16.000 Units sold 12,000 Units in ending Inventory 4.000 Variable costs per unit Direct materials $ 290 Direct labor 5460 Variable manufacturing overhead 1.6 Variable selling and administrative 37 Find costs Flied manufacturing Overhead 500,000 Fed selling and sinistrative 5.920,000 Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one gamelan (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 2. Assume that the company uses variable costing Compute the unit product cost for one gamelan Hot Dir Mences Absorption con un producto 2. Variable costing unit product cost 16,000 4.000 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone The gamelans are sold for 5964. Selected data for the company's operations last year follow Units in beginning inventory Units produced Units sold 12,000 Units in ending Inventory Variable costs per units Direct materials $ 290 Direct labor ook $440 Variable manufacturing overhead 5.50 Variable selling and dinistrative 31 Fixed costs: xed manufacturing Overhead $ 160,000 Hrad selling and distrative $920,000 Required: 1 Assume that the company uses absorption costing Compute the unit product cost for one gamelan (Round your intermediate calculations and final answer to the nearest whole dollar amount) 2. Assume that the company uves variable costing Compute the unit product cost for one gamelan deference 1 Absorption costing productos 2. Variable continguri prodotton

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_2

Step: 3

blur-text-image_3

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Madhav T. Rajan, Chris M. Ittner

13th Edition

0131355589, 978-0131355583

More Books

Students also viewed these Accounting questions

Question

Explain the guideline for job description.

Answered: 1 week ago

Question

What is job description ? State the uses of job description.

Answered: 1 week ago

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago