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the fixed cost a calculate keeps saying its wrong not sure what im doing different, please help! ht 03 2024 Fanning Modems, Inc makes modem
the fixed cost a calculate keeps saying its wrong not sure what im doing different, please help!
ht 03 2024 Fanning Modems, Inc makes modem cards that are used in notebook computers. The company completed the following transactions during year 1. All purchases and sales were made with cast 1. Acquired 5775, eee of cash from the owners. 2. Purchased $320,eee of manufacturing equipment. The equipment has a $36,00e salvage value and a four-year useful life. 3. The company started and completed 6,000 modems. Direct materials purchased and used amounted to $45 per unit. 4. Direct labor costs amounted to $30 per unit. 5. The cost of manufacturing supplies used amounted to 59 per unit. 6. The company paid $55,eee to rent the manufacturing facility. 7. Magnificent sold 011 6,000 units at a cash price of $145 per unit (nt. It will be necessary to determine the manufacturing costs in order to record the cost of goods sold.) B. The sales staff was paid a 59 per unit sales commission 9. Pald 544,000 to purchase equipnent for administrative offices. The equipment was expected to have = 53,59 salvage value and a three-year useful life. 40. Administrative expenses consisting of office rental and salaries anounted to 372,200. BOOM Required a. Based on these data, Identity each cost incurred by the company as (1) fixed versus variable relative to the number of units produced and sold; and (2) product versus selling general, and administrative (SG&A) The solution for the first item is shown as an example b. Complete the following table to indicate the product cost per unit assuming levels of production of 6,000.7.000. 8,000, and 9,000 Submit 2 Complete this question by entering your answers in the tabs below. Check my work its Reg A Red B 03.1735 Book Complete the following table to indicate the product cost per unit assuming levels of production of 6,000, 7,000, 8,000, and 9,000. (Do not round intermediate calculations. Round "Cost per unit" to 2 decimal places.) Production Levels Per Unit 6,000 7.000 8,000 Variable cost S 84 s 504.000 $ 588,000 $672.000 $ 756.000 Fixed cost 212.200 Total (Cost of goods sold) Cost per unit forences 9.000 Step by Step Solution
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