Weba) fixed costs are not relevant in the long run. b) only variable costs are controllable in the short and long run. c) absorption costing is not relevant for long-run decisions. d) lower management does not usually have control over fixed costs. d) lower management does not usually have control over fixed costs.
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WebFixed selling and administrative cost $ 25,000 During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each.What is net income under absorption costing?, Fort Smith Technologies incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: Direct material used $ WebManufacturing costs Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead for the year $60 $22 8 $528,000 Selling and administrative cost Variable selling and administrative cost per unit Fixed selling and administrative cost per year $105,000 Previous question Next question
WebExpenses for the year totaled$410,000, with $400,000 paid in cash to suppliers and employees. Paloma also paid$144,000 to purchase equipment and a cash dividend of $46,000 to stockholders. During 2012, Paloma borrowed$22,000 by issuing a note payable. Prepare the company’s statement of cash flows for the year. WebStudy with Quizlet and memorize flashcards containing terms like Which of the following statements is true of absorption costing? A) It considers variable selling and administrative costs as product costs. B) It considers fixed selling and administrative costs as product costs. C) It considers fixed manufacturing overhead cost as product costs. D) It …
WebData table Cases of candy produced and sold Sales price Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs Print Done 1,600,000 cases $37.00 per case 19.00 per case 6,200,000 per year 2.00 per case 3,800,000 per year X. WebFixed selling and administrative expense $570,000 There were no beginning or ending inventories. The absorption costing unit product cost was: Direct materials $109 Direct labor $88 Variable manufacturing overhead $5 Fixed manufacturing overhead per unit=$266,000/7,600=$35 The absorption costing unit product cost =$237 So the option …
WebCrane Co. has variable manufacturing costs per unit of $40, and fixed manufacturing cost per unit of $20. Variable selling and administrative costs per unit are $10, while fixed selling and administrative costs per unit are $3. Crane desires an ROI of $11 per unit. If Crane Co. uses the variable cost-plus approach, what is its markup percentage?
WebData table Cases of candy produced and sold Sales price Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs Print Done 1,600,000 cases $37.00 per case 19.00 per case … sideways wiimote dolphinWebThe cost of producing and selling a single unit of this product at the company's normal activity level of 97,200 units per year is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 2.30 $ Show transcribed image text the point at chestermanWebA) variable selling costs B) fixed administrative costs C) variable manufacturing costs D) fixed selling costs A ________ is a method of inventory costing in which all variable manufacturing costs (direct and indirect) are included as inventoriable costs and all fixed manufacturing costs are excluded. sideways wedge patternWebSales revenue $2,000,000 Manufacturing costs: Fixed 500,000 Variable 1,000,000 Selling costs: Fixed 50,000 Variable 100,000 Administrative costs: Fixed 120,000 Variable 30,000 Required: 1-a. Prepare a traditional income statement for the company. 1-b. Prepare a contribution income statement for the company. 2. sideways whiplashWebMay 27, 2024 · Selling, general and administrative expenses (or SG&A) are the total of both direct and indirect selling expenses in addition to the administrative expenses ... For instance, rent would be a fixed dollar … the point at fort leeWebAdditionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced. Additional information: Selling costs are expected to be 7 percent of sales. • Fixed administrative expenses per month total $1,500. Required: Prepare Shadee's budgeted income statement for the months of May ... the point at haleiwaWebMar 16, 2024 · What is selling, general, and administrative expense? SG&A expenses include all of the day-to-day operating costs of running a company that aren’t directly … the point at balangan beach