Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing overhead per year $ 139,000.00 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $ 50,000.00 Fixed administrative costs per year $ 65,000.00 Selling price per cookie $ 3.75 Number of cookies produced 2,780,000 Number of cookies sold 2,600,000 Full (absorption) costing : Full cost per unit $ ??? Ending Inventory Full (absorption) costing $ ??? Variable costing : Variable cost per unit $ ??? Ending Inventory Variable costing $ ???
Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing overhead per year $ 139,000.00 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $ 50,000.00 Fixed administrative costs per year $ 65,000.00 Selling price per cookie $ 3.75 Number of cookies produced 2,780,000 Number of cookies sold 2,600,000 Full (absorption) costing : Full cost per unit $ ??? Ending Inventory Full (absorption) costing $ ??? Variable costing : Variable cost per unit $ ??? Ending Inventory Variable costing $ ???
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...
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| Cookie Business | |
| Productions Costs: | |
| Direct material | $ 0.60 |
| Direct labor | $ 1.00 |
| Variable manufacturing |
$ 0.40 |
| Total variable |
$ 2.00 |
| Fixed manufacturing overhead per year | $ 139,000.00 |
| In addition, the company has fixed selling and administrative costs: | |
| Fixed selling costs per year | $ 50,000.00 |
| Fixed administrative costs per year | $ 65,000.00 |
| Selling price per cookie | $ 3.75 |
| Number of cookies produced | 2,780,000 |
| Number of cookies sold | 2,600,000 |
| Full (absorption) costing : | |
| Full cost per unit | $ ??? |
| Ending Inventory Full (absorption) costing | $ ??? |
| Variable costing : | |
| Variable cost per unit | $ ??? |
| Ending Inventory Variable costing | $ ??? |
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