Question : 165.Castaway Company reports the following first year production cost information: Units : 1258593

 

165.Castaway Company reports the following first year production cost information: 

Units produced53,000 units

Units sold51,000 units

Direct labor$8 per unit

Direct materials$4 per unit

Variable overhead$2,173,000 in total

Fixed overhead$3,339,000 in total

a. Compute production cost per unit under variable costing. b. Compute production cost per unit under absorption costing. c. Determine the cost of ending inventory using variable costing. d. Determine the cost of ending inventory using absorption costing.   166.Castaway Company reports the following first year production cost information: 

Units produced53,000 units

Units sold51,000 units

Sales price$150 per unit

Direct labor$8 per unit

Direct materials$4 per unit

Variable overhead$2,173,000 in total

Fixed overhead$3,339,000 in total

Operating expenses$1,000,000 in total

a. Determine the net income using variable costing. b. Determine the net income using absorption costing.    

167.A company reports the following information regarding its production cost: 

Units produced14,000 units

Direct labor$13 per unit

Direct materials$3 per unit

Variable overhead? in total

Fixed overhead$56,000 in total

Required: Perform the following independent calculations. a. Compute total variable overhead cost if the production cost per unit under variable costing is $73. b. Compute total variable overhead cost if the production cost per unit under absorption costing is $73.    

168.A company reports the following information regarding its production cost: 

Units produced22,000 units

Direct labor$31 per unit

Direct materials$27 per unit

Variable overhead? in total

Fixed overhead$2,750,000 in total

Required: Perform the following independent calculations. a. Compute total variable overhead cost if the production cost per unit under variable costing is $240. b. Compute total variable overhead cost if the production cost per unit under absorption costing is $240.    

169.Digby Company manufactured and sold 37,000 units of its product at a price of $93 per unit. Total variable cost per unit is $60, consisting of $58 in variable production cost and $2 in variable selling and administrative cost. Fixed costs of manufacturing are $350,000. a. Compute the manufacturing margin for the company under variable costing. b. Compute the contribution margin based on this data. c. Compute the gross margin under absorption costing.    

170.Cavalier Corporation sold 26,000 units of its product at a price of $225 per unit. Total variable cost per unit is $188, consisting of $103 in variable production cost and $85 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.    

171.Stonehenge Inc., a manufacturer of landscaping blocks, began operations on April 1 of the current year. During this time, the company produced 750,000 units and sold 720,000 units at a sales price of $9 per unit. Cost information for this period is shown in the following table: 

Production costs

Direct materials$1.80 per unit

Direct labor$.30 per unit

Variable overhead$495,000 in total

Fixed overhead$450,000 in total

Non production costs

Variable selling and administrative$18,000 in total

Fixed selling and administrative$53,000 in total

a. Prepare Stonehenge’s December 31 income statement for the current year under absorption costing. b. Prepare Stonehenge’s December 31 income statement for the current year under variable costing.    

a. 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more