What is the adjusted net income under the standard absorption costing
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ABC Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 38,000 units at P 70 per unit; production is 39,000 units; Standard manufacturing variable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and administrative expenses are as follows: Fixed cost totaled P 600,000 and variable cost per unit is P 8.00. ABC Corp use normal activity and budgeted fixed cost of P 2,000,000. Fifty percent of the budgeted fixed cost pertains to
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- British Columbia Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 37,000 units at P 70 per unit; production is 39,000 units; Standard manufacturing variable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and administrative expenses are as follows: Fixed cost totaled P 600,000 and variable cost per unit is P 8.00. British Columbia use normal activity and budgeted fixed cost of P 2,000,000. Fifty percent of the budgeted fixed cost pertains to manufacturing cost and this is used to set its standard manufacturing fixed cost per unit. There were no beginning inventories. Based on the given data, compute the net income using the standard variable costing.Stan Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 37,000 units at P 70 per unit; production is 39,000 units; Standard manufacturing variable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and administrative expenses are as follows: Fixed cost totaled P 600,000 and variable cost per unit is P 8.00. Stan use normal activity and budgeted fixed cost of P 2,000,000. Fifty percent of the budgeted fixed cost pertains to manufacturing cost and this is used to set its standard manufacturing fixed cost per unit. There were no beginning inventories. Based on the given data, compute the net income using the standard absorption costing.ABC Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 38,000 units at P 70 per unit; production is 39,000 units; Standard manufacturing variable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and administrative expenses are as follows: Fixed cost totaled P 600,000 and variable cost per unit is P 8.00. ABC Corp use normal activity and budgeted fixed cost of P 2,000,000. Fifty percent of the budgeted fixed cost pertains to manufacturing cost and this is used to set its standard manufacturing fixed cost per unit. There were no beginning inventories. What is the adjusted net income under the standard absorption costing?
- British Columbia Corp manufactures several lines of skiing equipment. Its Canada plant makes a single model, the GENOCIDE-25 ski. The following data are available for 2013: Sales is 37,000 units at P 70 per unit; production is 39,000 units; Standard manufacturing variable cost is P 15 per unit; standard fixed overhead cost is P 25 per unit. The selling and administrative expenses are as follows: Fixed cost totaled P 600,000 and variable cost per unit is P 8.00. British Columbia use normal activity and budgeted fixed cost of P 2,000,000. Fifty percent of the budgeted fixed cost pertains to manufacturing cost and this is used to set its standard manufacturing fixed cost per unit. There were no beginning inventories. Based on the given data, compute the net income using the standard absorption costing.Howard Motors manufactures specialty tractors. It has two divisions: a Tractor Division and a Tire Division. The Tractor Division can use the tires produced by the Tire Division. The market price per tire is $70. The Tire Division has the following costs per tire: Direct material cost per tire $29 Conversion costs per tire $4(Assume the $4includes only the variable portion of conversion costs.) Fixed manufacturing overhead cost for the year is expected to total $120,000.The Tire Division expects to manufacture 60,000 tires this year. The fixed manufacturing overhead per tire is $2 ($120,000 divided by 60,000 tires). Requirements: 1. Assume that the Tire Division has excess capacity, meaning that it can produce tires for the Tractor Division without giving up any of its current tire sales to outsiders. If Howard Motors has a negotiated transfer price policy, what is the lowest acceptable transfer price? What is the highest acceptable transfer…Carbondale Corporation is a manufacturer of converters sold on a private label basis to large discount chains. The company has capacity to produce 45,000 converters a year. Planned production for the current year is 20,000 units and involves working the plant for a single shift. An analysis of the company’s cost records reveals the following information for the 20,000 units production level:Variable manufacturing cost per unit: Ksh 8Variable Selling and Administration costs per unit: Ksh2Fixed manufacturing costs: Ksh60, 000Fixed Selling and Administration costs: Ksh40, 000Current selling price per unit: Ksh18Required:i) Determine the contribution margin and the contribution margin ratio ii) Determine the profits arising from the sales revenue of Ksh 9,000,000 iii) Determine the sales required in units and value to yield a profit of Ksh, 500,000iv) Determine the breakeven point in units and value v) Plot the cost-volume-profit chart
- Carbondale Corporation is a manufacturer of converters sold on a private label basis to large discount chains. The company has capacity to produce 45,000 converters a year. Planned production for the current year is 20,000 units and involves working the plant for a single shift. An analysis of the company’s cost records reveals the following information for the 20,000 units production level: Variable manufacturing cost per unit: Ksh 8 Variable Selling and Administration costs per unit: Ksh2 Fixed manufacturing costs: Ksh60, 000 Fixed Selling and Administration costs: Ksh40, 000 Current selling price per unit: Ksh18 1.Determine the breakeven point in units and value 2.Plot the cost-volume-profit chartCellPeak produces shelving units. The variable cost of each shelving unit comprises of direct materials of $26, direct labor of $8, packaging costs of $7 and variable overheads of $2. CellPeak has fixed overheads of $280433 and sells its shelving units for $75 each. Current sales are 25,000 shelving units per annum. What profit would CellPeak make if the company sold 18,000 shelving units?Cane Company manufactures two products called Alpha and Beta that sell for $175 and $135, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 117,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 13. Assume that Cane's customers would buy a maximum of 91,000 units of Alpha and 71,000 units of Beta. Also assume that the raw material available for production is limited to 225,000 pounds. How many units of each product should Cane produce to maximize its profits? Units produced Alpha Beta $…
- Cane Company manufactures two products called Alpha and Beta that sell for $175 and $135, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 117,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Alpha $ 40 30 30 18 16 26 29 23 19 26 21 $ 163 $ 130 Beta $15 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. X Answer is complete but not entirely correct. Financial advantage $ 1,407,000 X 3. Assume that Cane expects to produce and sell 91,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who…Cane Company manufactures two products called Alpha and Beta that sell for $175 and $135, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 117,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 11. How many pounds of raw material are needed to make one unit of each of the two products? Pounds of raw materials per unit Alpha Beta $ 40 $15 30 30 18 16 26 29 23 19 26 21 $ 163 $ 130 Alpha BetaCane Company manufactures two products called Alpha and Beta that sell for $175 and $135, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 117,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Alpha $ 40 30 18 26 23 26 $ 163 Beta $15 30 16 29 19 21 $ 130 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 4. Assume that Cane expects to produce and sell 101,000 Betas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 3,000 additional Betas for a price of $59 per unit. What is the…
