Direct manufacturing labor $228,000 Variable manufacturing overhead 120,000 Direct materials 180,000 Variable selling expenses 144,000 Fixed administrative expenses 96,000 Fixed manufacturing overhead 216,000

On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,200 units and sold 2,800 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc.Variable Costing Income StatementFor the Year Ended March 31, 20Y1 Sales   $560,000    Variable cost of goods sold:     Variable cost of goods manufactured $307,200      Inventory, March 31 (38,400)     Total variable cost of goods sold   (268,800)   Manufacturing margin   $291,200    Total variable selling and administrative expenses   (67,200)   Contribution margin   $224,000    Fixed costs:     Fixed manufacturing costs $140,800      Fixed selling and administrative expenses 44,800        Total fixed costs     (185,600)   Operating income   $38,400    Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $ Absorption costing $

Zaria Inc. provides the following cost information for producing 10,000 units of inventory during the current month: Direct materials costs $30,000 Direct labor costs 55,000 Variable manufacturing overhead costs 20,000 Fixed manufacturing overhead costs 25,000 Variable Selling and Administrative expenses 15,000 Fixed Selling and Administrative expenses 10,000 The product costs per unit under absorption costing would be: Group of answer choices $15.50 per unit $10.50 per unit $2.5 per unit $13 per unit

Cavy Company completed 10,020 units during the year at a cost of $771,540. The beginning finished goods inventory was 2,200 units valued at $158,400. Determine the cost of goods sold for 9,040 units, assuming a FIFO cost flow.

On October 31, the end of the first month of operations, Morristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Absorption Costing Income Statement For Month Ended October 31, 20-- Sales (2,600 units)       $117,000 Cost of goods sold:            Cost of goods manufactured   $85,500        Less ending inventory (400 units)   11,400        Cost of goods sold       74,100 Gross profit       $42,900 Selling and administrative expenses       21,500 Income from operations       $21,400   If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600, prepare an income statement using variable costing. Morristown & Co.Variable Costing Income StatementFor Month Ended October 31, 20--

For 2020, Roberts Ltd., had sales of 150,000 units and production of 210,000 units. Other information for the year included:           Direct manufacturing labor                              $197,500         Variable manufacturing overhead                    100,000         Direct materials                                                     160,000         Variable selling expenses                                    100,000         Fixed administrative expenses                           100,000         Fixed manufacturing overhead                          250,000           There was no beginning inventory.   Required:   What is the ending finished goods inventory under absorption costing and variable costing? The company uses actual costing and rounds to the cent (two decimal places) when calculating cost per unit.     a. $115, 478, $ 120, 560   b. $176,875,  $114,375   c. $202,200,  $131, 400   d. $185, 950, $113, 755

Orange Company produces single product. Last year, the company’s net operating income computed by the absorption costing methos was P 25,600, and its operating income computed by the variable costing method was P 36,400. The company’s unit product cost was P18 under variable costing and P20 under absorption costing. If the ending inventory is consisted of 2,600 units, the beginning inventory in units must have been:

On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concept: Line Item Description Amount Amount Sales (13,400 units)   $750,400  Variable cost of goods sold:     Variable cost of goods manufactured $343,200    Inventory, October 31 (2,200 units) (48,400)   Total variable cost of goods sold   (294,800) Manufacturing margin   $455,600  Variable selling and administrative expenses   (201,000) Contribution margin   $254,600  Fixed costs:     Fixed manufacturing costs $62,400    Fixed selling and administrative expenses 53,600    Total fixed costs   (116,000) Operating income   $138,600  Prepare an income statement under absorption costing. Round all final answers to whole dollars. Maryville Equipment CompanyAbsorption Costing Income StatementFor the Month Ended October 31 Line Item Description Amount Amount     $Sales Cost of goods sold:…

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Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 21,800 units, and 2,900 units remain in ending finished goods inventory for May. Fixed overhead was $43,600. Variable selling and administration expenses were $39,000 and fixed selling and administrative expenses were $19,400.  Sales (18,900 units) $ 378,000 Cost of goods sold 294,000 Gross profit 84,000 Selling and administrative expenses 58,400 Income $ 25,600 Prepare an income statement using variable costing.