Gardner Company produces plastic that is used for injection- molding applications such as gears for small motors. In 2013, the first year of operations, Gardner produced 4,000 tons of plastic and sold 2,500 tons. In 2014, the company produced the same amount of plastic and sales were 5,500 (the company sold all of its inventory). In each year, the selling price per ton was $2,000, variable manufacturing costs were $400, and variable selling expenses were $600 for each ton of plastic sold. Fixed manufacturing costs were $2,000,000, and fixed administrative expenses were $500,000. What is the unit manufacturing cost under absorption costing in year 2013?

Cullumber Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (358,400 units) Cost of goods sold Gross profit Operating expenses Net income (a) Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Cullumber receives a special order for 24.500 toasters at $8.38 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $2,900 of shipping costs but no increase in fixed costs. Revenues Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, e.g. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cost of goods sold Operating expenses $4,377.000 2,590,720 1,786.280 837.760 Net…

Crane Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (364,000 units) Cost of goods sold Gross profit Operating expenses Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Crane receives a special order for 18,600 toasters at $7.95 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45)) Revenues Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2…

Sheffield Corp. sells its product for $70 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $12, and variable overhead $1. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is: a. $41 b. $28 c. $40 d. $27

Blossom Motors is a division of Blossom Products Corporation. The division manufactures and sells an electric switch used in a wide variety of applications. During the coming year, it expects to sell 180,000 units for $8.00 per unit. Donna Clark is the division manager. She is considering producing either 180,000 or 280,000 units during the period. Other information is as follows: Beginning inventory Expected sales in units Selling price per unit Variable manufacturing cost per unit Fixed manufacturing cost (total) Fixed manufacturing overhead costs per unit Based on 180,000 units Based on 280,000 units Manufacturing cost per unit Based on 180,000 units (a) Based on 280,000 units Variable selling and administrative expenses Fixed selling and administrative expenses (total) - Your answer is partially correct. Units produced Units sold (b) Sales Less Prepare an absorption-costing income statement, with one column showing the results if 180,000 units are produced and one column showing…

Ceder Company has compiled the following data for the upcoming year:   Sales are expected to be 14,500 units at $50.00 each. Each unit requires 3 pounds of direct materials at $2.60 per pound. Each unit requires 1.4 hours of direct labor at $17.00 per hour. Manufacturing overhead is $3.60 per unit. Beginning direct materials inventory is $4,100.00. Ending direct materials inventory is $5,000.00. Selling and administrative costs totaled $136,770.   Required: 1. Determine Ceder's budgeted cost of goods sold. (do not round intermediate values) 2. Complete Ceder's budgeted income statement.

A company uses components at the rate of 15,000 units per year, whichare bought in at a cost of $3.90 each from the supplier. The companyorders 8,000 units each time it places an order and the averageinventory held is 500 units. It costs $30 each time to place an order,regardless of the quantity ordered.The total holding cost is 21% per annum of the average inventory held.Required:-Calculate the total holding cost and total ordering cost?

Ceder Company has compiled the following data for the upcoming year:Sales are expected to be 14,000 units at $60.00 each.Each unit requires 3 pounds of direct materials at $3.50 per pound.Each unit requires 1.7 hours of direct labor at $18.00 per hour.Manufacturing overhead is $4.50 per unit.Beginning direct materials inventory is $5,000.00.Ending direct materials inventory is $6,350.00.Selling and administrative costs totaled $138,120.Required:1. Determine Ceder's budgeted cost of goods sold.2. Complete Ceder's budgeted income statement. Required 1 Required 2 Complete this question by entering your answers in the tabs below.Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.)

Chandler Company sells its product for $108 per unit. Variable manufacturing costs per unit are $49, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $17 per unit sold. Fixed administrative expenses total S104,000. Chandler had no beginning inventory for the year. During the year, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company be higher if calculated using variable costing or using absorption costing? Calculate reported income using each method. Do not use negative signs with any answers. Absorption Costing Income Statement Sales Answer Cost of Goods Sold: Beginning Inventory Answer Variable Costs Answer Fixed Costs Answer Less: Ending Inventory Answer Cost of Goods Sold Answer Answer Answer Answer Answer Administrative expense Answer Net Income Answer Variable Costing Income Statement Sales Answer Cost of Goods Sold: Beginning Inventory Answer Variable Costs Answer Answer…

Dunn, Inc., is a privately held furniture manufacturer. For August 2018, Dunn had the following standards for one of its products, a wicker chair:                             Standards per Chair                         Direct materials  2 square yards of input at $5 per square yard                 Direct manufacturing labor  0.5 hour of input at $10 per hour                                             The following data were compiled regarding actual performance:                actual output units (chairs) produced, 2,000;                   square yards of input purchased and used, 3,700;                   price per square yard, $5.10;                       direct manufacturing labor costs, $8,820;                     actual hours of input, 900;                       labor price per hour, $9.80.                                                   REQUIREMENTS:                                                     1. Show computations of price and efficiency…