Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
11th Edition
ISBN: 9780134078946
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 21, Problem S21A.21SE
Use the following information for Short Exercises S21A-20 and S21A-21.
Matthew Company had the following costs:
Units produced 310 units
Direct materials $76 per unit
Direct labor 33 per unit
Variable manufacturing
Fixed manufacturing overhead 6,200 per year
Variable selling and administrative costs 20 per unit
Fixed selling and administrative costs 3,100 per year
S21A-20 Computing unit product cost, absorption costing
Calculate the unit product cost using absorption costing. Round your answer to the nearest cent.
S21A-21 Computing unit product cost, variable costing
Calculate the unit product cost using variable costing. Round your answer to the nearest cent.
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Students have asked these similar questions
Shelby Enterprises, LLC has the following costs for product Z:
Type of Cost
Amount
Unit
Direct Materials
$43
per unit
Direct Labor
$61
per unit
Variable manufacturing overhead
$7
per unit
Fixed manufacturing overhead
$4,800
per year
1. Calculate the unit product cost using absorption costing when production is 250 units, 500 units, 2,500 units. Round your answer to the nearest cent.
Lillibridge & Friends, Incorporated provides you with the following data for its single product:
Sales price per unit
Fixed costs (per quarter):
Selling, general, and administrative (SG&A)
Manufacturing overhead
Variable costs (per unit):
Direct labor
Direct materials
Manufacturing overhead
SG&A
Number of units produced per quarter
Answer is complete but not entirely correct.
500,000
units
a. Prime cost per unit
b. Contribution margin per unit
Required:
Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units
is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
c. Gross margin per unit
d. Conversion cost per unit
e. Variable cost per unit
f. Full absorption cost per unit
g. Variable production cost per unit
h. Full cost per unit
$ 160
1,500,000
4,500,000
$
$
$
$
$
$
$
$
41.00 $
$…
Lillibridge & Friends, Incorporated provides you with the following data for its single
product:
Sales price per unit
Fixed costs (per quarter):
Selling, general, and administrative (SG&A)
Manufacturing overhead
Variable costs (per unit):
Direct labor
Direct materials
Manufacturing overhead
SG&A
Number of units produced per quarter
$ 130
1,500,000
4,500,000
a. Prime cost per unit
b. Contribution margin per unit
c. Gross margin per unit
d. Conversion cost per unit
e. Variable cost per unit
f. Full absorption cost per unit
g. Variable production cost per unit
h. Full cost per unit
Required:
Compute the amounts for each of the following assuming that the production levels are
within the relevant range if the number of units is 500,000 per quarter. Also calculate if the
number of units increases to 600,000 per quarter.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
16
19
17
13
500,000 units
500,000 units 600,000 units
Chapter 21 Solutions
Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package
Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QCCh. 21 - Prob. 3QCCh. 21 - Prob. 4QCCh. 21 - Prob. 5QCCh. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QCCh. 21 - Prob. 9QCCh. 21 - Prob. 10QC
Ch. 21 - Donovan Company incurred the following costs while...Ch. 21 - Prob. 12AQCCh. 21 - Prob. 1RQCh. 21 - Prob. 2RQCh. 21 - What is a mixed cost? Give an example.Ch. 21 - What is the purpose of using the high-low method?Ch. 21 - Describe the three steps of the high-low method.Ch. 21 - What is the relevant range?Ch. 21 - A chain of convenience stores has one manager per...Ch. 21 - A chain of convenience stores has one manager per...Ch. 21 - Prob. 9RQCh. 21 - Prob. 10RQCh. 21 - Prob. 11RQCh. 21 - What is cost-volume-profit analysis?Ch. 21 - Prob. 13RQCh. 21 - Prob. 14RQCh. 21 - Prob. 15RQCh. 21 - Of the three approaches to calculate sales...Ch. 21 - Prob. 17RQCh. 21 - Prob. 18RQCh. 21 - On the CVP graph, where is the breakeven point...Ch. 21 - What is sensitivity analysis? How do managers use...Ch. 21 - Prob. 21RQCh. 21 - Prob. 22RQCh. 21 - What is a company's cost structure? How can cost...Ch. 21 - What is operating leverage? What does it mean if a...Ch. 21 - Prob. 25RQCh. 21 - What is absorption costing?Ch. 21 - What is variable costing?Ch. 21 - How are absorption costing and variable costing...Ch. 21 - When units produced equal units sold, how does...Ch. 21 - Prob. 30ARQCh. 21 - Prob. 31ARQCh. 21 - Prob. 32ARQCh. 21 - Prob. 33ARQCh. 21 - Identifying variable, fixed, and mixed costs...Ch. 21 - Prob. S21.2SECh. 21 - Using the high-low method Mel owns a machine shop....Ch. 21 - Prob. S21.4SECh. 21 - Prob. S21.5SECh. 21 - Prob. S21.6SECh. 21 - Prob. S21.7SECh. 21 - Prob. S21.8SECh. 21 - Prob. S21.9SECh. 21 - Prob. S21.10SECh. 21 - Prob. S21.11SECh. 21 - Prob. S21.12SECh. 21 - Computing margin of safety Refer to the original...Ch. 21 - Prob. S21.14SECh. 21 - Prob. S21.15SECh. 21 - Prob. S21.16SECh. 21 - S21A-18 Classifying costs
Learning Objective 6...Ch. 21 - Prob. S21A.18SECh. 21 - Use the following information for Short Exercises...Ch. 21 - Prob. S21A.20SECh. 21 - Use the following information for Short Exercises...Ch. 21 - Computing absorption cost per unit Abrey, Inc. has...Ch. 21 - Prob. S21A.23SECh. 21 - Prob. S21A.24SECh. 21 - Prob. E21.25ECh. 21 - Prob. E21.26ECh. 21 - Prob. E21.27ECh. 21 -
E21-28 Determining total variable cost
For each...Ch. 21 - Prob. E21.29ECh. 21 - Prob. E21.30ECh. 21 - Prob. E21.31ECh. 21 - Prob. E21.32ECh. 21 - Prob. E21.33ECh. 21 - Prob. E21.34ECh. 21 - Prob. E21.35ECh. 21 - Prob. E21.36ECh. 21 - Prob. E21.37ECh. 21 - E21-38 Computing margin of safety
Ricky’s Repair...Ch. 21 - Prob. E21.39ECh. 21 - Prob. E21.40ECh. 21 - Prob. E21.41ECh. 21 - Prob. E21.42ECh. 21 - Prob. E21.43ECh. 21 - Prob. E21.44ECh. 21 - Prob. E21.45ECh. 21 - Prob. E21A.46ECh. 21 - Prob. E21A.47ECh. 21 - Prob. E21A.48ECh. 21 - Calculating cost-volume-profit elements The...Ch. 21 - Prob. P21.50APGACh. 21 - Prob. P21.51APGACh. 21 - Prob. P21.52APGACh. 21 - Prob. P21.53APGACh. 21 - Prob. P21.54APGACh. 21 - Prob. P21.55APGACh. 21 - Prob. P21.56BPGBCh. 21 - Prob. P21.57BPGBCh. 21 - Prob. P21.58BPGBCh. 21 - Computing breakeven sales and sales needed to earn...Ch. 21 - Prob. P21.60BPGBCh. 21 - Prob. P21.61BPGBCh. 21 - Prob. P21.62BPGBCh. 21 - Prob. P21.63CPCh. 21 - The Savannah Shirt Company makes two types of...Ch. 21 - The Savannah Shirt Company makes two types of...Ch. 21 - Prob. 3CPCh. 21 - Prob. 4CPCh. 21 - The Savannah Shirt Company makes two types of...Ch. 21 - Prob. 6CPCh. 21 - Prob. 21.1DCCh. 21 - Prob. 21.1EI
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