If one unit of Product AE3 used $2.71 of direct materials and $4.24 of direct labor, sold for $9.00, and was assigned overhead at the rate of 36% of direct labor costs, how much gross profit was realized from this sale?

A company has a net income of $918,000 based on variable costing method. Beginning and ending inventories were 56,800 units and 55,600 units. Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What will be the net income under absorption costing?

Shown below are units produced and total manufacturing costs for the pastfour months at Minda Manufacturing Corporation:                                                Units Produced          Total CostJul                                              120                          P446,000Aug                                            150                          P508,000Sep                                            180                          P638,000Oct                                             170                          P668,000What is Minda's cost formula for total manufacturing costunder the high-lowmethod?

Circetrax, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units Units produced Units sold Ending balance, in units Production costs: Variable manufacturing costs per unit Total fixed manufacturing costs What is the unit product cost for the year using absorption costing? OA. $117 630 1,400 1,500 530 $50 $42,000 W

What is the amount of the income from operations that would be reported on the variable costing income statement? a. $519,870 Ob. $426,040 Oc. $511,330 Od. $396,930

Given the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit.   a. $70 per unit   b. $80 per unit   c. $78 per unit   d. $85 per unit   Contribution margin is sales less:   a. Fixed overhead and fixed selling and administrative expenses   b. Variable Cost of goods sold and variable selling & administrative expenses   c. Variable selling and administrative expemses and Fixed selling and administrative expenses   d. variable cost of goods sold   An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment?   a. 100%   b. 75%   c. 25%   d. 20%

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?

Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?