Homework Help is Here – Start Your Trial Now!
Business
Accounting
Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as Follows: Raw materials Direct labor $447,200 738,400 187, 200 176, 800 Variable manufacturing overhead Fixed manufacturing overhead Required: a. Calculate the cost per recorder under both variable costing and absorption costing. Round your answers to 2 decimal places.) Cost per recorder Variable costing $ 29.41 each Absorption costing each

Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as Follows: Raw materials Direct labor $447,200 738,400 187, 200 176, 800 Variable manufacturing overhead Fixed manufacturing overhead Required: a. Calculate the cost per recorder under both variable costing and absorption costing. Round your answers to 2 decimal places.) Cost per recorder Variable costing $ 29.41 each Absorption costing each

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
See similar textbooks
icon
Related questions
Question

Not even sure where to being with this problem, please help 

b-2. If 6,800 of these recorders were in finished goods inventory at the end of 2019, by how much and in what direction (higher or lower) would 2019 cost of goods sold and operating income be different under variable costing than under absorption costing? (Round your intermediate calculations to 2 decimal places.) Under variable costing, the cost of goods sold would be | than under absorption costing. | than under absorption costing. Under variable costing, the operating income would be c-1. Express the digital voice recorder cost in a cost formula. (Round your answers to 2 decimal places.) Total cost = |per digital voice recorder produced. c-2. What does this formula suggest the total cost of making an additional 825 recorders would be? (Do not round intermediate calculations.) Total additional cost
Transcribed Image Text:b-2. If 6,800 of these recorders were in finished goods inventory at the end of 2019, by how much and in what direction (higher or lower) would 2019 cost of goods sold and operating income be different under variable costing than under absorption costing? (Round your intermediate calculations to 2 decimal places.) Under variable costing, the cost of goods sold would be | than under absorption costing. | than under absorption costing. Under variable costing, the operating income would be c-1. Express the digital voice recorder cost in a cost formula. (Round your answers to 2 decimal places.) Total cost = |per digital voice recorder produced. c-2. What does this formula suggest the total cost of making an additional 825 recorders would be? (Do not round intermediate calculations.) Total additional cost
Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as follows: Raw materials $447, 200 738,400 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 187, 200 176, 800 Required: a. Calculate the cost per recorder under both variable costing and absorption costing. (Round your answers to 2 decimal places.) Cost per recorder Variable costing Absorption costing 29.41 each each b-1. If 6,800 of these recorders were in finished goods inventory at the end of 2019, what is the total fixed cost associated with ending inventory? (Round your intermediate calculations to 2 decimal places.) Total fixed cost associated with ending inventory
Transcribed Image Text:Williamson Inc. manufactures digital voice recorders. During 2019, total costs associated with manufacturing 52,000 of the new EZ 9900 model (introduced this year) were as follows: Raw materials $447, 200 738,400 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 187, 200 176, 800 Required: a. Calculate the cost per recorder under both variable costing and absorption costing. (Round your answers to 2 decimal places.) Cost per recorder Variable costing Absorption costing 29.41 each each b-1. If 6,800 of these recorders were in finished goods inventory at the end of 2019, what is the total fixed cost associated with ending inventory? (Round your intermediate calculations to 2 decimal places.) Total fixed cost associated with ending inventory
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Data and information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS