High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation: Beginning inventory   0 Units produced   10,000 Units sold   8,000 Selling price per unit $ 75 Selling and administrative expenses:     Variable per unit $ 6 Fixed (per month) $ 200,000 Manufacturing costs:     Direct materials cost per unit $ 20 Direct labor cost per unit $ 8 Variable manufacturing overhead cost per unit $ 2 Fixed manufacturing overhead cost (per month) $ 100,000   Management is anxious to assess the profitability of the new camp cot during the month of May.   Compute: 1. Let's say that the company uses absorption costing. a. Calculate the unit product cost. b. Compute an income statement for May. 2. Let's say that the company uses variable costing. a. Calculate the unit product cost. b. Compute a contribution format income statement for May

Acme Corporation produces two basic products: widgets and wadgets. Below is a table of outputs and inputs for the months of July (column 2) and August (column 3). Widgets produced 100,000 110,000 Selling price / widget $50 $52 # of workers 20 24 Monthly cost / worker $3,500 $3,500 Energy (kwh) 250,000 255,000 Cost / kwh 0.18 0.175 Raw material (kg) 2,000 2,300 Cost/ kg $50 $51 Suppose I were to calculate productivity using # of units produced as output and energy for input. What type of productivity calculation would that be? O None of the other answers is correct O Partial O Multi-factor Total

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Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 6 Direct labor 10 Variable manufacturing overhead 4 Variable selling and administrative 2 Total variable cost per unit $ 22 Fixed costs per month: Fixed manufacturing overhead $ 60, 000 Fixed selling and administrative 163,000 Total fixed cost per month $ 223,000 The product sells for $51 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced Units Sold July 15, 000 11,000 August 15,000 19,000 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July August Sales $ 561, 000 $ 969,000 Cost of goods sold 264,000 456, 000 Gross margin 297,000 513,000 Selling and administrative expenses 185,000 201,000 Net operating income $ 112,000 $ 312,000 Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable…

Marionette Company manufactures dolls that are sold to various distributors. The company produces at full capacity for six months each year to meet peak demand; the manufacturing facility operates at 70% of capacity for the other six months of the year. The company has provided the following data for the year: No. of units produced and sold 600,000 units Sales price $30 per unit Variable manufacturing costs $10 per unit Fixed manufacturing costs $1,000,000 per year Variable selling and administrative costs $3 per unit Fixed selling and administrative costs $500,000 per year Marionette receives an offer to produce 7000 dolls for a special event. This is a one-time opportunity during a period when the company has excess capacity. What is the minimum sales price the company should accept for the order?

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:         Beginning inventory   0 Units produced   42,000 Units sold   37,000 Selling price per unit $ 76 Selling and administrative expenses:     Variable per unit $ 3 Fixed (per month) $ 560,000 Manufacturing costs:     Direct materials cost per unit $ 16 Direct labor cost per unit $ 7 Variable manufacturing overhead cost per unit $ 4 Fixed manufacturing overhead cost (per month) $ 672,000     Management is anxious to assess the profitability of the new camp cot during the month of May.   Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a.…

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:         Beginning inventory   0 Units produced   37,000 Units sold   32,000 Selling price per unit $ 80 Selling and administrative expenses:     Variable per unit $ 3 Fixed (per month) $ 565,000 Manufacturing costs:     Direct materials cost per unit $ 17 Direct labor cost per unit $ 6 Variable manufacturing overhead cost per unit $ 3 Fixed manufacturing overhead cost (per month) $ 703,000     Management is anxious to assess the profitability of the new camp cot during the month of May.   Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a.…

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost (per month) 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May. Req 1A Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. Req 1B Req ZA…

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Relevant costsHigh Frequency manufactures and sells wireless headphones. Information on last year’s operations (sales and production of last year’s model) follows. Sales price per unit $77 Costs per unit   Direct material $18 Direct labor 15 Overhead (50% variable) 13 Selling costs (40% variable) 22 Production in units 11,000 Sales in units 10,450 In April of the current year, the new model is in production, and it renders last year’s model obsolete. If the remaining 500 units of of last year’s model are to be sold through regular channels, what is the minimum price per unit, that the company would accept for the headphones? $