Actual Costing Production Cost, Unit Cost, Net Income and Inventories 2. CABADBARAN CORP., produces non-fat yogurt which it sells to restaurants and ice cream shops. The product is sold in 10-gallon containers, which have the following price and variable costs. Sales price Direct materials Direct labor Variable overhead P30 10 4 6. Budgeted fixed overhead in 2019, the company's first year of operations, was P600,000. Actual production was 150,000 10-gallon containers, of which 125,000 were sold. CABADBARAN incurred the following selling and administrative expenses. Fixed P100,000 for the year P2 per container sold Variable pe. UTnuei LIie LVVU T C Iv. Compute the throughput nmargin and income under throughnut costing
Actual Costing Production Cost, Unit Cost, Net Income and Inventories 2. CABADBARAN CORP., produces non-fat yogurt which it sells to restaurants and ice cream shops. The product is sold in 10-gallon containers, which have the following price and variable costs. Sales price Direct materials Direct labor Variable overhead P30 10 4 6. Budgeted fixed overhead in 2019, the company's first year of operations, was P600,000. Actual production was 150,000 10-gallon containers, of which 125,000 were sold. CABADBARAN incurred the following selling and administrative expenses. Fixed P100,000 for the year P2 per container sold Variable pe. UTnuei LIie LVVU T C Iv. Compute the throughput nmargin and income under throughnut costing
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 30P: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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