The pictures below are supposed to be answered using this information: Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $10.65 Direct labor $4.90 Variable manufacturing overhead $8.24 Variable selling and administrative expenses $5.54 Fixed Costs per Year Fixed manufacturing overhead $319,500 Fixed selling and administrative expenses $298,342 Siren Company sells the fishing lures for $35.50. During 2020, the company sold 80,000 lures and produced 90,000 lures.
The pictures below are supposed to be answered using this information: Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs. Variable Costs per Unit Direct materials $10.65 Direct labor $4.90 Variable manufacturing overhead $8.24 Variable selling and administrative expenses $5.54 Fixed Costs per Year Fixed manufacturing overhead $319,500 Fixed selling and administrative expenses $298,342 Siren Company sells the fishing lures for $35.50. During 2020, the company sold 80,000 lures and produced 90,000 lures.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter19: Variable Costing (varcost)
Section: Chapter Questions
Problem 4R: To determine the effect of different levels of production on the company’s income, move to cell B7...
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The pictures below are supposed to be answered using this information:
Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred the following costs.
Variable Costs per Unit | ||
Direct materials | $10.65 | |
Direct labor | $4.90 | |
Variable manufacturing |
$8.24 | |
Variable selling and administrative expenses | $5.54 | |
Fixed Costs per Year | ||
Fixed manufacturing overhead | $319,500 | |
Fixed selling and administrative expenses | $298,342 |
Siren Company sells the fishing lures for $35.50. During 2020, the company sold 80,000 lures and produced 90,000 lures.
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