A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,900 units):        Direct materials $180,400        Direct labor 234,300        Variable factory overhead 269,900        Fixed factory overhead 104,500 $789,100 Operating expenses:        Variable operating expenses $121,800        Fixed operating expenses 47,900 169,700 If 1,500 units remain unsold at the end of the month and sales total $1,109,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? a.$199,450 b.$56,634 c.$49,134 d.$68,813

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Calculation of Product cost per unit : Particulars  Amount ( In $ ) Direct Material 84,188…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…

Q: business operated at 100% of capacity during its first month and incurred the following costs:…

A: Introduction:   To keep track of all costs associated with creating a certain product, "absorption…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Computation of Operating Income Sales  (96)                         = $480,000 Less- Cost of goods…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A:

Q: business operated at 100% of capacity during its first month and incurred the following costs:…

A: Absorption Costing: The absorption costing is the method of costing in which the enterprise…

Q: f 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported…

A: Solution : Amount of inventory shown in balance sheet =(Computation  of variable cost per unit *…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Solution- Calculation the amount of production cost for 16600 units (18300-1700 units) Production…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: As per the absorption costing system, product cost includes both fixed and variable expenses.

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Introduction: Total cost is an accounting measure. It includes not only the actual monetary spend…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: In variable income statement all the variable manufacturing expenses are considered as the product…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Variable costing: Variable costing is a concept of managerial costing. Income under variable costing…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A:

Q: A business operated at 100% capacity during its first month of operations, with the following…

A: In a variable costing income statement, the variable expenses are subtracted from sales to derive…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Absorption Costing - Under this method of the income statement, all the product costs whether fixed…

Q: business operated at 100% of capacity during its first month, with the following results:  Sales…

A: The contribution margin is calculated as difference between sales and variable costs.

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: The cost can be classified into two categories i.e. product cost and period cost. The product cost…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Calculate product cost per unit:

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Absorption costing: Absorption costing is also called traditional costing. This method of costing…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Formula: Contribution margin = sales - variable cost Deduction of variable cost from sales value…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Absorption Costing includes all the cost including Variable and Fixed cost, we should consider all…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Total production cost under variable costing = Direct materials + Direct labor + Variable factory…

Q: A business operated at 100% of capacity during its first month, with the following results: $655,400…

A: Income statement: The income statement determines the net income of the business by subtracting the…

Q: Easton Pump Company’s planned production for the year just ended was 18,100 units. This production…

A: The income statement is prepared to find the profitability of the organization. The income statement…

Q: at 100% of capacity during the first month. The following data summarize the results for July: Sales…

A: The income statement is prepared to find the net income or loss incurred during the period.

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Introduction: A variable costing income statements report that subtracts variable expenses from…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: In variable costing statement ,we will value the inventory at variable factory cost . Fixed factory…

Q: Prior to the first month of operations ending October 31, Marshall Inc. estimated the following…

A: The income statement based on the absorption costing format is as follows:

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Under absorption costing, fixed factory overhead is also a product cost and therefore included in…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Ending Inventory = Number of Units in Ending Inventory x Cost per Unit Cost per Unit under Variable…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Variable costing approach means where goods are valued at variable manufacturing cost only and fixed…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: Records at Hal's Accounting Services show the following costs for year 1. Direct materials and…

A: Total Cost: The meaning of this term varies slightly depending on the content. For example, when…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A:

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Absorption costing considers the fixed overhead costs for production as per the units sold and not…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Ending Inventory (in units) = 27 units Cost per unit = Total Production CostNumber of units…

Q: Records at Hal's Accounting Services show the following costs for year 1. Direct materials and…

A: Calculation of Direct Materials Cost for Year 2 Direct Materials cost for Year 2 = Number of…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: The contribution margin is calculated by subtracting all variable expenses from revenue in a…

Q: repare an estimated income statement, comparing operating results if 28,800 and 36,000 units are…

A: Estimated Income Statement is defined as the income statement which is prepared for the estimated…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Formula: Contribution margin = sales - variable cost.

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Contribution margin = Sales - Variable cost   Production cost for 96 units = (Direct materials +…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Under variable costing system, the inventory would consist of only variable expenses.

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Total units sold=17,100 units-1,600 units=15,500 units

Q: In its first year of operations a company produced and sold 70,000 units of Product A at a selling…

A: Activity-based costing (ABC) is one of the cost accounting methods used by companies to record and…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Variable costing is a method under which the direct costs are included which varies according to the…

Q: Records at Hal's Accounting Services show the following costs for year 1. Direct materials and…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: A business operated at 100% of capacity during its first month, with the following results: Sales…

A: Introduction: The profit a firm produces after deducting the costs of producing and marketing its…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Introduction: To keep track of all costs associated with creating a certain product, "absorption…

Q: A business operated at 100% of capacity during its first month and incurred the following costs:…

A: Under the absorption costing, fixed manufacturing overhead is considered as a product cost and…