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

Ramort company reports the following

17/03/2021 Client: saad24vbs Deadline: 2 Day

Module 5 Review Questions

I. Absorption costing and over-production

Under absorption costing, a company had the following per unit costs when 10,000 units were produced.

1. Compute the company’s total production cost per unit if 25,000 units had been produced.

2. Why might a manager of a company using absorption costing produce more units

than can currently be sold? II. Computing contribution margin

AirTel Company sold 10,000 units of its product at a price of $80 per unit. Total variable cost is $50 per unit consisting of $40 in variable production cost and $10 in variable selling and administrative cost. Compute the contribution margin.

III. Computing unit cost under absorption costing

Rajeev Company reports the following information regarding its production costs. Compute its production cost per unit under absorption costing.

IV. Production level, absorption costing, and gross margin

Tramor Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $80 per unit. If Tramor doubles its production to 40,000 units while sales remain at the current 20,000-unit level, by how much would the company’s gross profit increase or decrease under absorption costing?

V. Variable costing income statement and conversion to absorption costing income

Torres Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for its first year of operation follows:

Sales (80,000 units x $50 per unit) ................................................ $4,000,000 Cost of goods sold

Beginning inventory ……....……………………………………… $ 0 Cost of goods manufactured (100,000 units x $30 per unit) 3,000,000 Cost of goods available for sale .....…………………….………. 3,000,000 Ending inventory (20,000 units x $30) ......……………………... 600,000 Cost of goods sold ....…………………………………………….. 2,400,000

Gross margin .....………………………………………………………. 1,600,000 Selling and administrative expenses ......…………………………… 530,000 Net income .........……………………………………………………… $1,070,000

Additional information:

a. Selling and administrative expenses consist of $350,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses.

b. The company’s product cost of $30 per unit is computed as follows:

Direct materials ………………………………… $5 per unit

Direct labor ……………………………………… $14 per unit

Variable overhead ……………………………… $2 per unit

Fixed overhead ($900,000/100,000 units) …... $9 per unit

1. Prepare an income statement for the company under variable costing. 2. Explain any difference between the income under variable costing (from part 1) and

the income reported above.

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:

Finance Professor
Writing Factory
Assignment Helper
Financial Analyst
Finance Master
Exam Attempter
Writer Writer Name Offer Chat
Finance Professor

ONLINE

Finance Professor

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$17 Chat With Writer
Writing Factory

ONLINE

Writing Factory

Give me a chance, i will do this with my best efforts

$98 Chat With Writer
Assignment Helper

ONLINE

Assignment Helper

I will cover all the points which you have mentioned in your project details.

$74 Chat With Writer
Financial Analyst

ONLINE

Financial Analyst

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$16 Chat With Writer
Finance Master

ONLINE

Finance Master

I have read your project details. I can do this within your deadline.

$72 Chat With Writer
Exam Attempter

ONLINE

Exam Attempter

I have read your project details. I can do this within your deadline.

$54 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

How to cite strengthsfinder assessment - Basketball in the 1900s - Updater process ended with error 255 moto g4 plus - What is textual features - Hesta income stream performance - ME - Main - Dis 8 - More work with parabolas homework answers - Polynomial word problems worksheet pdf - Factor rainbow for 16 - Network rail standards portal - Class president speech examples - Sharon kemp darts player illness - Flr fp form 2015 - Rubber band boat science project - Operation anaconda analytical essay - Biotic and abiotic factors in tropical rainforest - Legislation Comparison Grid and Testimony/Advocacy Statement - Shlensky v wrigley case brief - What are the 7 steps of the engineering design process - How to use rd4000 - Cross cutting symptom measure child - An experimental study of the small world problem - Week 6 healthcare policy - Coastal concern action group - Back bay battery simulation decisions - Td ameritrade account title - Can a society based on hate survive 1984 essay - Audience analysis memo - Let x denote the diameter of an armored electrical cable - Sophia's war a tale of the revolution - If a company has overdrawn its bank balance then - Nco strategy 2020 - Art appreciation and criticism - When did the eureka stockade occur - Powerpoint enter and exit animation - Hailstone construct wow - Software evaluation rubric template - 10 rules of badminton - Mountainaire avian rescue society - Where does supplies go on a balance sheet - Ballam park athletics track - In the beatitudes the word blessed means - Does starbucks have a union - Accounting terms 1 10 n 30 - Tookool chef taco lasagna recipe - Macbeth act 1 scene 3 - Is forum shopping ethical busi - Mechanism of aniline to acetanilide - Assi - Similation of Telemedicine - Annotated Bibliography - Raid fly spray safety data sheet - Academy of mary immaculate - Nvr aqtf assessor requirements - Discussion - Journal entry for legal fees defending patent - In achebe's things fall apart the oracle _____ - Orbit rain sensor adjustment - Your Customer Service Is Your Branding: The Ritz-Carlton Case Study - Planetary orbit simulator worksheet answer key - Project one pager template - 15.2 linking verbs practice 2 answer key - 555 timer pulse width modulation - Infiniband cable length limit - Cell defense worksheet answers - General awareness and attitudes scale - Independent t test spss - Abstract - Best Presentation Design Services in UAE? - Business case template for additional staff - Descriptive statistics chart - Proficiency level analysis - Uncp qualtrics - Criminological theory past to present 6th edition pdf - Marketplace live simulation tips quarter 2 - Matrices word problems worksheet - Final project - Lightweight ICO Whitepaper - Allen scythe for sale gumtree - Three models of community organization practice - Interpersonal communication movie scenes - Colorism in the black community essay - Mood of everyday use - Vce chemistry exam 2020 - Flow through venturi meter experiment - Amazon case study analysis - Labor and delivery concept map - The breadwinner student guide answers - Introduction to accounting an integrated approach edition answers - Harley cruise control kit - 1000 meters is how many kilometers - Bjog instructions for authors - Rock and roll elmo broken - Hagen style case study solution - 3m rapid yeast and mold petrifilm instructions - Which president played the banjo in the alcatraz inmate band - Homework - What is form 10f india - Cabcon india pvt ltd katihar - Presentation on Threats to the Global Environment - Lln cultural and social sensitivities