T3-2 Variable costing versus absorption costing (LO 1, 2) Fiendish Friends makes Halloween costumes. The company incurred the following total costs to produce 25,000 costumes. Direct materials $200,000 Direct labor 150,000 Variable overhead 50,000 Fixed overhead 100,000 Questions a.Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 20,000 units were sold? b.Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 20,000 units were sold?

Q: 5. By producing 4,000 units and selling 3,600 units of its only product, RNA company incurred the…

A: Solution: Fixed factory overhead per unit = 36000/ 4000 = 9 per unit Unit product cost = 12 + 9 = 21…

Q: Bato bato Corporation produced 20,000 units of product "Go". Costs incurred by Bato Corporation were…

A: Formula: Product unit cost under absorption costing = ( Direct materials + Direct labor + Variable…

Q: T3-6 Variable versus absorption costing (LO 1, 2) Regal Printing, Inc., prints and binds…

A: a. Compute operating income under absorption costing as shown below:     Working note:   Compute…

Q: (a) Under the absorption costing method, what is the average unit product cost? Using this method,…

A:

Q: Swift Co. produces footballs. It incurred the following costs this year: $35,000 Direct materials…

A: Total product cost under variable costing:The total product costs for the company under the variable…

Q: 2, 3) produces and sells custom parts for power The company uses a costing system based on actual…

A: Absorption costing is used according to GAAP requirement whereas variable costing system if used for…

Q: The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning…

A: On January 20x6, No beginning inventory Selling price per unit = $35 Variable cost per unit…

Q: XYZ Company uses normal costing. Following are various cost and inventory data for the just…

A: As the questions asked have more than 1 question, the first question is answered. If you want the…

Q: T3-5 Variable versus absorption costing (LO 1, 2) Sarah Stoner sells handmade jewelry that she…

A: Calculate the amount of total unit product cost under variable costing:

Q: Based on variable costing, the income before income taxes for the year was * Q Format: 111,111 NUBD…

A: Unit cost under variable costing = Direct material + direct labor + Variable manufacturing overhead…

Q: 2. Kurt Corporation manufactures a propeller. Shown below is Kurt's cost structure Variable cost per…

A: Absorption costing is an approach of calculating the total cost of a product under which all the…

Q: South East Corp. produces D-2 toys with the following unit cost: Direct Materials P4.00 Direct labor…

A: Total fixed costs = Normal capacity x fixed cost per unit = 10000 units x 2 = 20,000

Q: The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit…

A: Absorption Costing: Under this method, the product cost includes both the fixed and the variable…

Q: Company XYZ has total prime cost of $6,000 and total conversion cost of $12,000. Assume that…

A: Following is the answer to given question

Q: Company XYZ produced and sold $1,000 units. The total direct materials cost was $1,000, the direct…

A: Total manufacturing costs = Direct material + direct labor + manufacturing overhead costs = $1,000 +…

Q: he Multicolors Company had the following costs for 2021: Raw materials…

A: Solution: Product / manufacturing costs to be inventories under variable costing = Direct materials…

Q: The following information were obtained from the records of HILO Company: Production in units 8, 000…

A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…

Q: EB4. Roper Furniture manufactures office furniture and tracks cost data across their process. The…

A: The Question has Covered the concept of Cost Classification Fixed Cost is not depends on the level…

Q: TF 3 The following data was prepared by the Oriole Company.     Total   Variable   Fixed Sales…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

Q: company produces a single product. Váriáble productioh costs are ed manufacturing overhead totals…

A: Introduction:- The computation of the ending inventory under variable costing as follows under:-…

Q: For XYZ Company, the following information related to costs is available for the last quarter:…

A: Under absorption costing, Product cost =direct material +direct labour +manufacturing variable…

Q: Fixed cost:   Fixed Manufacturing overhead Rs     40,000 Fixed Selling & Administrative  Rs…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Bob Corp uses three products with the following production and cost information: P1 P2 MAS Total…

A: Solution Under traditional Total factory overhead =45000 + 70000+90000…

Q: Shun Corporation manufactures and sells a hand held calculator. The following information relates to…

A: Formula: Unit product cost = Unit product cost under variable costing + Fixed manufacturing overhead…

Q: 3- A company, to manufacture 1,000 monthly units of a certain product, makes the following expenses:…

A: Unit Cost = Direct Rae Materials + Direct Labor + Indirect Labor + Other fixed costsNumber of units…

Q: rane makes Halloween costumes. The company incurred the following total costs to produce 30,700…

A: Cost accounting is the method of accounting which helps in calculating the cost of the product and…

Q: 2. Kurt Corporation manufactures a propeller. Shown below is Kurt's cost structure Variable cost per…

A: 2. Kurt corporation manufactures a propeller. Cost structure is 1. Manufacturing cost Variable cost…

Q: Calculate the material, labour, and variable overheads variances for April 2020.

A: Variance analysis is the analytical tool that helps to determine the difference between the actual…

Q: T3-1 Variable costing income statement Following is Hartzberg's latest income statement. The company…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: 116) Perkey Corporation has provided the following information: Cost per Unit $ 5.00 $ 2.90 $ 1.25…

A: The Direct manufacturing cost is a sum of 3 product categories: Direct materials Direct labor…

Q: Lynch Company manufactures and sells a single product. The following costs were incurred during the…

A:

Q: ABC Company has the following data at the end of its fiscal year:               Prime costs…

A: Inventoriable costs of the finished goods = Prime costs + Variable manufacturing overhead + Fixed…

Q: What would NUBD Corp. have reported as its income before income taxes if it had used variable…

A: Income as per variable costing can be calculated after deducting variable manufacturing overhead…

Q: Company FB1 produces skateboards. In April the company produced 520 skateboards. The normal…

A: Normal costing method is the method in which cost of a product is calculated using actual expenses…

Q: What is Tiara Corporation’s break-even point in dollars? (b)How many units would Tiara Corporation…

A: Hi student Since there are multiple sub parts, we will answer only first three sub parts.

Q: T3-7 Variable costing versus absorption costing (LO 1, 2) The following data were prepared by the…

A: Hey, since there are multiple questions posted, we will answer the first two questions. If you want…

Q: When a production of 200,000 units of Product A during the month of June, Bucayao Corporation has…

A: Absorption Costing Method:  Under this method of costing the inventory cost, both the variables cost…

Q: For XYZ Company, the following information related to costs is available for the last quarter:…

A: Absorption costing can be defined as an accounting method of valuing inventory items. Under this…

Q: mpany XYZ produced and sold $1,000 units. The total direct materials cost was $1,000, the direct…

A: Production cost : The Production cost is the sum of raw material cost , labor cost and manufacturing…

Q: Answer questions 6-10 based on the information given below: JRM Inc., which has only one product,…

A: No. of units sold = sales / sales price per unit = 636400/74 = 8600 units Total units produced = No.…

Q: For XYZ Company, the following information related to costs is available for the last quarter:…

A: Total product cost = direct material + direct labor + variable MOH + Fixed MOH

Q: Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells…

A: Given information is for 20,000 units output: Average Cost per Unit     Direct materials $ 7.00…

Q: A company manufactures a single product. Unit costs are:                       $/Unit Variable…

A: As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the answer…

Q: For XYZ Company, the following information related to costs is available for the last quarter:…

A: Following are the answers to the given questions

Q: mpany currentiy proaucir I sellih airect materials cost is $500, the total direct labor cost is $600…

A: Incremental Cost = Variable Cost Per Unit Increasing Due to Increase in Production And Selling units…

Q: PC Desk, Inc., makes an oak desk specially designed for personal computers. The desk sells for…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:…

A: The difference in Absorption costing and Variable costing is due to the fixed manufacturing…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.