Messages
Proposals
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
Need accounting help with: Variable and Absorption Costing Unit Product Costs and Income Statement
Subject
Business Finance
Question Description
Please complete in Excel.
Problem 5-17 Variable and Absorption Costing Unit Product Costs and Income Statement
Nickelson Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations.
Variable costs per unit:
Manufacturing
$25
Direct Labor
$16
Variable manufacturing overhead
$5
Variable selling and administrative
$2
Fixed Cost per Year:
Fixed manufacturing overhead
$300,000
Fixed selling and administrative expenses
$180,000
During the first year of operations Nickelson produced 60,000 units and sold 60,000 units. During its second year of operations it produced 75,000 units and sold 50,000 units. In its third year, Nickelson produced 40,000 units and sold 65,000 units. The selling price of the company’s product is $56 per unit.
Required:
1. Compute the company’s break-even point in units sold.
2. Assume the company uses variable costing:
a. Compute the unit product cost per year 1, 2, and 3.
b. Prepare an income statement for year 1, 2, and 3.
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
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! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Smart TutorGive me a chance, i will do this with my best efforts |
$17 | Chat With Writer |
ONLINE |
Top Rated ExpertI have read and understood all your initial requirements, and I am very professional in this task. |
$28 | Chat With Writer |
ONLINE |
Top Quality AssignmentsI have read and understood all your initial requirements, and I am very professional in this task. |
$16 | Chat With Writer |
ONLINE |
Calculation GuruYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$26 | Chat With Writer |
ONLINE |
Academic MasterYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$37 | Chat With Writer |
ONLINE |
Supreme Essay WriterI will cover all the points which you have mentioned in your project details. |
$41 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.