Uno Dos Unit sales $13.00 $31.00 Less varlable cost: Direct material $ 7.00 $ 5.00 Direct labor 1.00 6.00 Variable overhead 1.25 7.50 Variable selling and administrative cost .75 .50 Total variable cost $10.00 $19.00 Unit contribution margin $ 3.00 $12.00

Uno Dos Unit sales $13.00 $31.00 Less varlable cost: Direct material $ 7.00 $ 5.00 Direct labor 1.00 6.00 Variable overhead 1.25 7.50 Variable selling and administrative cost .75 .50 Total variable cost $10.00 $19.00 Unit contribution margin $ 3.00 $12.00

Name: Duo Company manufactures two products, Uno and Dos. Contribution margi
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Duo Company manufactures two products, Uno and Dos. Contribution margin data follow. Duo company’s production process uses highly skilled labor, which is in short supply. The same employees work on both products and earn the same wage rate.Required:

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 20.22EX: Variable costing income statement and contribution margin analysis for a service company The actual...

See similar textbooks

Similar questions

Variable costing income statement and contribution margin analysis for a service company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour 120 135 Credit hours 60,450 43,200 Registration, records, and marketing cost per enrolled student 275 275 Instructional costs per credit hour 64 60 Depreciation on classrooms and equipment 825,600 825,600 Registration, records, and marketing costs vary by the number of enrolled .students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. A. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. B. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term.
Dorilane – Original Cost Structure (connect given data) Total Dollars (per connect) Per unit/set (divide by full capacity) show 2 decimals Helpful Hints (**) Sales $520.00 Variable Costs: Direct Material 434000 108.50 variable and direct Direct Labor 94000 23.50 variable and direct Variable Overhead 66000 16.50 variable and indirect Variable S&A 65000 16.25 variable and period Total Variable Costs 659000 164.75 Fixed Overhead 221000 fixed and indirect Fixed S&A 211000 fixed and period Total Fixed Costs 432000 Year 1 4000 sales of sets/units and 4000 productions of sets/unit Use the table below to prepare a traditional (absorption costing) income statement assuming Dorilane Company produced and sold at full capacity for year 1 only. You should have numbers in each pale blue cell. Dorilane Income Statement (Absorption Costing) For…
Problem 4Sales Price Php 300 per unitFixed Cost:Marketing and administrative Php 24,000.00 per periodManufacturing overhead Php 30,000.00 per periodVariable Cost:Marketing and administrative Php 6 per unitManufacturing overhead Php 9 per unitDirect Labor Php 30 per unitDirect Materials Php 60 per unitUnit Produced and sold Php 1,200 per periodRequired: 1. Variable manufacturing cost per unit2. Variable cost per unit3. Full manufacturing cost per unit4. Full cost to make and sell per unit5. Compute Net income
Question A21 Alders Ltd use an absorption costing and have calculated an overhead absorption rate based on units of output. The following information is relevant to the last quarter: Budgeted overhead was £231,000 Actual overhead was £235,000 Actual output was 11,000 units Budgeted output was 10,500 units What was the level of under or over absorption in the last quarter? A £7,000 over absorbed B £4,000 under absorbed C £4,000 over absorbed D £7,000 under absorbed
3)Some cost information of the enterprise, which calculates its costs according to the Standard Cost Method, is as follows.Total Budgeted Fixed General Production Expenses = 2.000.-₺Unit Budgeted Variable General Production Expense = 1,10.-₺/brTotal Actual Direct Labor Hours = 1.500 DİSTotal Standard Direct Labor Hours = 1.300 DISRequested: Calculate the “Efficiency Difference of General Production Costs”. A. 120.-₺ positiveB. 320.-₺ negativeC. 120.-₺ negativeD. 320.-₺ positiveE. 220.-₺ negativeF. 220.-₺ positive
Particulars Standard Actual Output in units 1,200 units 1,100 units Variable overheads $6,000 $7,000 Labor hours 12,000 hours 18,000 hours Calculate Variable overhead expenditure variance Choose option: A) 2,000 (F) B) 2,000 (A) C) 9,000 (A) D) 9,000 (F)
Resolve using this format: 1. High-low method Units CostHigh volumeLow volumeChangeVariable cost per unit: ÷ = $______________per unit Fixed cost 1,400 Units 2,400 UnitsTotal costVariable cost, $ per unitFixed cost 2. Variable cost charged to product: units × $ per unit = $__________________________. 3. Fixed cost charged to factory overhead: $ per month × 12 months = $__________________.
Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…
10. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL VARIABLE MANUFACTURING COSTS?
Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…
Subject: Cost management & accounting Q.3 Compute Factory Cost:Direct Material = Rs. 50,000Conversion Cost = 150,000Prime Cost = 100,000 Q.4 Compute Factory Cost:Prime Cost = Rs. 250,000Direct Material = 100,000Conversion Cost = 380,000 Q.5 Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included)
Question # 1 Standard and the actual costs for direct materials and direct labor are given as under: Standard costs Direct materials 8,000 units at total direct material costs Rs. 40,000 Direct labor: 7,000 hours at Rs. 6 per hour Actual costs Direct materials 8,500 units at Rs. 4.5 per unit Direct labor: 6,500 hours at Rs. 6.25 per hour Required c. Entries in general journal to record the above information d. What do you realize whether the overall variation is in favorable or unfavorable?