ABC Company manufactures printers. For each unit, $3,400 of directmaterial is used and there is $2,600 of direct manufacturing labor at$16 per hour. Manufacturing overhead is applied at $20 per directmanufacturing labor hour. Calculate the profit earned on 10 units ifeach unit sells for $9,500.Select one:O A. $95.000OB. $11,500OC. $35,000OD. $2,500

The income statement is one of the important financial statements of the business. The net profit is…

Answered: ABC Company manufactures printers. For…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help with question marks and show work Cookie Business 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 $ ???
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