Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Jorgensen lighting inc manufactures heavy duty street

01/01/2021 Client: saad24vbs Deadline: 7 Days

EXERCISE 5-3 Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO 5-3J


Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The


company uses variable costing for internal management reports and absorption costing for external


reports to shareholders, creditors, and the government. The company has provided the following data:


Inventories: Year 1 Year 2 Year 3


Beginning (units) 200 170 180


Ending (units) 170 180 220


Variable costing net operating Income $1,080,400 $1,032,400 $996,400




The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Required:


L Determine each year's absorption costing net Operating income. Present your answer in the form of a reconciliation report,


2. In Year 4. the company's variable costing net Operating income was $984,400 and its absorp¬tion costing net operating income was $1,012,400. Did inventories increase or decrease dur-


ing Year 4? How much fixed manufacturing overhead cost was deferred or released front inventory during Year 4.?


EXERCISE 5-4 Basle Segmented Income Statement [LO 5-11


Royal Lawncare Company produces and sells two packaged products, weedban and Greengrow. Revenue and cost information relating to the products follow:


Product




Selling price per unit ........... Vat Int)le expenses per unit . .


Tracecable fixed oxpenses pet yemt Weedban Greengrow


$6.00 $7.50


$2.40 $5.25


$45,000 $21,000




Variable Costing and Segment Reporting: Tools for Management Common fixed expenses in the company total $33.(XX) annually. Last year the company produced and sold 15,000 units of Weedban and 28,0(X) units of Grccngrow.


Required:


Prepare a contribution format income statement segmented by product lines.


EXERCISE 5-6 Variable and Absorption Costing Unit Product Costs and Income Statements [LO 5-1, 10 5-2]


Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:


Variable costs per unit: Manufacturing:


Direct materials $6


Direct labor $9


Variable manufacturing overhead $3


Variable selling and administrative $4


Fixed costs per year:


Fixed manufacturing overhead $300,000


Fixed selling and administrative $190,000


During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.


Required:


1. Assume that the company uses absorption costing:


a. Compute the unit product cost.


b. Prepare an income statement for the year.


2. Assume that the company uses variable costing:


a. Compute the unit product cost.


b. Prepare an income statement for the year.\



Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Best Coursework Help
Helping Hand
University Coursework Help
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$145 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$140 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$140 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$142 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Eliza doolittle character sketch - Furness general hospital address - Arnecc verification of identity standard - Uses of personal and family resources - Answer questions - Mtv illest road trip of all time answers - Anti bullying plan for schools nsw - The last dance encountering death and dying pdf - Assembly language cheat sheet - Pangea Governance & Leadership - Avant garde music examples - Nz maths learning objects - Discussion 11 - Policy - African spear crossword clue - Ethical and Legal Implications of Prescribing Drugs - Brookside group practice lower earley - Bupa okta password reset - Which of the following is an extended erp component - Boy overboard book study - Unintended consequences essay - Emotive language in persuasive writing - 8week2 health administration - Reading response - What do ladybugs eat besides aphids - 4 1 discussion the investment logic for sustainability - Ask physics questions and get answers for free - Irish word for bathroom - Jeld wen chestnut bronze - Pestle analysis for charities - Understanding NURS FPX 8040 Assessment 4: Practical Approaches for Effective Patient Care - Matt and kim lessons learned uncensored - Leadership theory and practice 8th edition case study answers - Discussion - Cisco finesse not ready reason codes - Country western music those puzzling facts answer key - What is inferential racism - Unit 7 business law assignment - Recrystallization of aspirin method - Post Op Cesarean Birth - Hi. Are you good in Taxation? - Vortex aqualap swim spa - Change Matrix week one assignment - El terremoto había durado más de dos minutos. el terremoto durara más de dos minutos. - What was the significance of the salomon v salomon case - Criminal law - Become a cable jointer - Craig greene joe gibbs racing - Security and data loss prevention - What is the theme of the boarded window - Deep roots distillery - Oxidation number of nitric acid - Lab exercise 1 plate tectonics - BA 380: Operations Management Homework - HR week 5 case study - Inventory management assessment - Hilti hvu installation instructions - Imperial jewelers is considering a special order for - Comptia project+ exam dumps - Jeremy ethier bench press - Problem solution presentation topics - Cots time and attendance application - Nitric acid calcium carbonate word equation - Resistance in a wire simulation answers - Keele university finance department - Discussion - High alert drugs list - Ernestine shepherd net worth - How to configure eigrp in packet tracer - Chapter 11 band syracuse ny - Arnold palmer hospital supply chain case study - 1 8 standardized test prep perimeter circumference and area answers - Types of unshielded twisted pair cable - Customer segmentation and clustering using sas enterprise miner pdf - Oil flows upward in the wick of a lantern because of the liquid property called - Judge forced to resign after nude photos appear online - Aps 4 work level standards - Wiley excel 2016 bible pdf - Art appreciation essay topics - An investigation of projectile motion answers - How to use docs stim pistol on yourself - Complete the concept map comparing mitosis and meiosis - Bacterial identification lab worksheet answers - Quarterly retail e commerce sales - What is the numerical value of avogadro's number - Determine the tension developed in cables ab ac and ad - Properties of water test review worksheet answers - Exercise 17 is this unlawful discrimination - Etruscan shrew digestive system - Hunter rain clik wireless rain sensor - Discuss Question - Principles of macroeconomics libby rittenberg and timothy tregarthen pdf - CASE STUDY - Crypto Security Architecture Exercise - Congressional gridlock causes and solutions - Continuous quality improvement worksheet hcs 451 - Meal planning for lipids - Ms project resource reports - 38 wombat drive eltham - HCS 214 Week 3 Newsletter - Respiratory System