Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

teel Enterprises manufactures home furniture and identified the following costs associated with their operations (V = Variable; F = Fixed). The following information is available

image text in transcribed
teel Enterprises manufactures home furniture and identified the following costs associated with their operations (V = Variable; F = Fixed). The following information is available for the month of December, 2019. Depreciation, Factory Equipment (F) $ 25,700 Direct Labour (V) 295,600 Administrative Salaries (F) 180,000 Insurance on Factory Building (F) 15,300 Factory Supervisor Salaries (F) 132,000 Direct Materials Used (V) 349,000 General Manager's Salary(F) 94,000 Utilities, Factory (V) 45,000 Indirect Materials and Supplies (V) 17,300 Indirect Labour (F) 50,000 Marketing Costs (1) 69,000 Required: Compute the following amounts for December, assuming 5,000 furniture items were produced and sold at a selling price of $475 each. Show your calculations a. Full absorption cost per unit b. Total variable costs. c. Full cost per unit d. Contribution margin

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

The New Yellow Book Government Auditing Standards

Authors: Rebecca A. Meyer

1st Edition

1119784638, 978-1119784630

More Books

Students also viewed these Accounting questions