The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units manufactured 30,000 Units sold 29,500 units sold for $85 per unit Beginning inventory 0 units What is the amount of gross margin?

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A: cost per unit of finished good = direct material cost per unit + direct labor cost per unit +…

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A: Solution:- Calculation of contribution margin per unit as follows under:-

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A: Absorption costing - under this method direct materials , direct labor , variable manufacturing…

Q: The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units…

A: Cost of goods sold = (Manufacturing costs / no. of units manufactured)x no. of units sold =…

Q: Pennell Company gathered the following information for the year ended December 31, 2018. During the…

A: Sales: It is an economic activity. Under this, one party sell its goods or services to another…

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A: Particulars Amount Fixed overhead on Ending inventory (6,000 units x $30 per unit) $180,000…

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A: Fixed manufacturing overhead per unit = Fixed manufacturing overhead / Units produced = $20000/10000…

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A: Variable cost of goods sold = Total cost of goods sold x 30% = $10,800,000*30%  = $3,240000 Variable…

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A: Definition:   Variable costing: It refers to the method of product costing in which the price of…

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A: Formula: Ending inventory = Units produced - units sold Deduction of units sold from units produced…

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A: Under absorption  costing  FOH is absorbed on units produced  during  year

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A: Net income is the amount earned by an entity after deducting the expenses from the revenues.

Q: Hayes Inc. provided the following information for the current year: Beginning inventory Units…

A: 1. Absorption rate for Fixed manufacturing overhead = Fixed manufacturing overhead costNumber of…

Q: . Is the company using absorption costing or variable costing to cost units in the Finished Goods…

A: Solution:- Absorption costing: Absorption costing is the method of cost allocation, which helps to…

Q: Hall Cosmetics Corporation company has the following costs associated with its production and sales.…

A: Absorption costing is used to ascertain the cost per unit. In absorption costing, only production…

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Q: The following information pertains to Stark Corporation: Beginning inventory 0 units Ending…

A: The correct option is option c.

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A: Raw materials: It is the basic input required to manufacture the finished products. The raw…

Q: Hall Cosmetics Corporation company has the following costs associated with its production and sales.…

A:

Q: During the previous year, Casually Company had the following data: Units in beginning inventory…

A: 1.  Product cost Per Unit under absorption costing, would be calculated as follows :  Particular…

Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…

A: Fixed manufacturing overhead absorption rate = Fixed manufacturing overheadNumber of units produced…

Q: Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000…

A: This question deals with calculation of gross margin for the company. Gross margin means a margin…

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Q: Hall Cosmetics Corporation company has the following costs associated with its production and sales.…

A: Cost per unit=Direct Material+Direct Labor+Variable MOH per unit

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A: Net income as per absorption costing: =Net income under variable costing-(Beginning Inventory-…

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A: The unit product costs under absorption costing:       64000 units 88000 units Direct materials…

Q: Delos, Inc. reports the following information for​ April:     Sigma Gamma Units sold 2,000 units 750…

A: The contribution margin is calculated as excess of sales revenue over variable expenses.

Q: A company reports the following information for the current year: Units Produced (25,000)< Units…

A: FOH per unit = Total FOH / No. of units produced = $137500/25000 units = $5.5 per unit

Q: Could use  some help solving and explaining this problem Thanks!!

A: Absorption costing is a costing mechanism where all the costs related to the production are assigned…

Q: Trio Company reports the following information for its first year of operations.   Direct materials…

A: Variable costing is the method of measuring the costs that do not consider the effect of fixed cost…

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Q: On October 31, the end of the first month of operations, Morristown &amp; Co. prepared the following…

A:

Q: The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units…

A: The gross margin is calculated as difference between sales revenue and cost of goods sold.

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A: Cost of sales: It is the total cost incurred in the production of goods. It includes cost of…

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A: Particulars Amount Direct materials  P55.00 Direct Labor (25.00*1.20) 30.00 Variable factory…

Q: Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000…

A: Ending inventory in units = No. of units manufactured - no. of units sold = 50000 - 47000 = 3000…

Q: Using Direct Costing Method, sha Company had a net profit of ₱76,300. Ending inventory decreased…

A: the given info Not profit = 76300 Ending Inventory decreased from 8oooo units to 78500 units fixed…

Q: Evansville Company had the following transactions for the month. Number Cost per Unit of Units…

A: FIFO stands for “First-In, First-Out”. It is a method used for cost flow assumption purposes in the…

Q: Using Direct Costing Method, Laban Company had a net profit of ₱65,000 and ₱50,000 using Full…

A: SOLUTION-   EXPLANATION- CALCULATION OF FIXED MOH- FIXED MOH= NET PROFIT USING DIRECT COSTING METHOD…