Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0 Units Produced 25,000 Units Sold 20,000 Selling Price per Unit $146 Variable Sales and Administration Expenses $4 Fixed Sales and Administration Expenses $975,000 Direct Material Cost per Unit $25 Direct Labor Cost per Unit $10 Variable Manufacturing Overhead Cost per Unit $2 Fixed Manufacturing Overhead Cost per Month $977,500 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank.   Appliance Apps Income Statement: Absorption Sales    $fill in the blank 86ad0b00b06b05e_2 Cost of Goods Sold:     Beginning Inventory  $fill in the blank 86ad0b00b06b05e_4   Cost of Goods Manufactured  fill in the blank 86ad0b00b06b05e_6   Cost of Goods Available for Sale  $fill in the blank 86ad0b00b06b05e_8   Ending Inventory  fill in the blank 86ad0b00b06b05e_10   Total Cost of Goods Sold   fill in the blank 86ad0b00b06b05e_11 Gross Profit    $fill in the blank 86ad0b00b06b05e_13 Sales and Administrative Expenses:     Variable $fill in the blank 86ad0b00b06b05e_14   Fixed fill in the blank 86ad0b00b06b05e_15   Total Fixed Sales and Administrative Expenses    fill in the blank 86ad0b00b06b05e_17 Net Operating Income    $fill in the blank 86ad0b00b06b05e_19 Prepare an income statement under the variable costing method. If an amount box does not require an entry, leave it blank.   Appliance Apps Income Statement: Variable Sales    $fill in the blank b3bc4bf9805f03b_2 Cost of Goods Sold:     Beginning Inventory  $fill in the blank b3bc4bf9805f03b_4   Cost of Goods Manufactured  fill in the blank b3bc4bf9805f03b_6   Cost of Goods Available for Sale  $fill in the blank b3bc4bf9805f03b_8   Ending Inventory  fill in the blank b3bc4bf9805f03b_10   Total Cost of Goods Sold   fill in the blank b3bc4bf9805f03b_11 Gross Contribution Margin    $fill in the blank b3bc4bf9805f03b_13 Sales and Administrative Expenses:     Variable   fill in the blank b3bc4bf9805f03b_14 Contribution Margin    $fill in the blank b3bc4bf9805f03b_16 Fixed Sales and Administrative Expenses  $fill in the blank b3bc4bf9805f03b_18   Fixed Manufacturing  fill in the blank b3bc4bf9805f03b_20   Total Fixed Sales and Administrative Expenses    fill in the blank b3bc4bf9805f03b_22 Net Operating Income    $fill in the blank b3bc4bf9805f03b_24 Prepare a reconciliation between the two statements.     Reconciliation Net Income under Variable Costing  $fill in the blank 5b9d6003afdf04a_2 Add: Fixed Manufacturing Overhead Deferred  fill in the blank 5b9d6003afdf04a_4 Net Income under Absorption  $fill in the blank 5b9d6003afdf04a_6

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Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0 Units Produced 25,000 Units Sold 20,000 Selling Price per Unit $146 Variable Sales and Administration Expenses $4 Fixed Sales and Administration Expenses $975,000 Direct Material Cost per Unit $26 Direct Labor Cost per Unit $11 Variable Manufacturing Overhead Cost per Unit $3 Fixed Manufacturing Overhead Cost per Month $977,500 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank. Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory 0 Units Produced 25,000 Units Sold 20,000 Selling Price per Unit $146 Variable Sales and Administration Expenses $4 Fixed Sales and Administration Expenses $975,000…

Pharoah Industries manufactures chairs and tables that are in high demand by local office furniture stores. Following is information for each of these products: Selling price per item Variable cost per item Contribution margin per item Machine hours per item Chairs O $11270 $11520 $10880 O $17390 $78.00 61.00 $17.00 1.60 Tables $95.00 77.00 $18.00 1.60 Pharoah has 1024 machine hours available each month. The demand for chairs is 610 units per month and the demand for tables is 390 units per month. If Pharoah allocates its production capacity between the chairs and tables so that it maximizes the company's contribution margin, what will the total contribution margin be?

SEARCH ASK   CHAT   MATH SOLVER   Question   Diego Company manufactures one product that is sold for $77 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations in which it produced 59,000 units and sold 54,000 units.   Variable costs per unit:   Manufacturing:   Direct materials $ 27 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable selling and administrative $ 3 Fixed costs per year:   Fixed manufacturing overhead $ 1,298,000 Fixed selling and administrative expense $ 662,000   The company sold 41,000 units in the East region and 13,000 units in the West region. It determined that $330,000 of its fixed selling and administrative expense is traceable to the West region, $280,000 is traceable to the East region, and the remaining $52,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing…

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