In its first year of operations, a company produced 10,000 units and sold 8,000 units of its product. In its second year, the ca units and sold 10,000 units. For this product: Per Unit Per Year Selling price Direct materials $200 $ 71 $ 50 $ 9 $ 8 Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead $300,000 Using absorption costing, what is the cost of goods sold the company would report for the second year of operations?

Prepare an absorption-costing income statement for last year. Round to nearest whole number.

Trez Company began operations this year. During this year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows.  Income Statement (Absorption Costing)   Sales (80,000 units × $45 per unit) $ 3,600,000 Cost of goods sold 2,000,000 Gross profit 1,600,000 Selling and administrative expenses 560,000 Income $ 1,040,000   Additional Information Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $25 per unit consists of the following.  Direct materials $ 4 per unit Direct labor $ 10 per unit Variable overhead $ 4 per unit Fixed overhead ($700,000 / 100,000 units) $ 7 per unit Required:Prepare an income statement for the company under variable costing.

Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit Per Year $ 200 $ 73 $ 50 $ 11 $ 8 $ 300,000 Using variable costing, what is the cost of the company's ending inventory?

A company has a single product. The monthly data concerning the single product follows: Item Amount Selling Price per unit $200/unit Variable expenses per unit $80/unit Total Fixed Expenses $980,000 Units produced 10,000 units Units sold 10,000 units What is the current Operating Income given the above information?

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The following information relates to the unit product cost for a product manufactured by Nelson Industrial Company:Direct materials: $24 Direct Labor: 15 Variable overhead: 30 Fixed overhead: 18 Unit cost: 87 Line Item Description Cost Direct materials $24 Direct labor 15 Variable overhead 30 Fixed overhead                       18 Unit cost $87 In addition, fixed selling costs are $500,000 per year, and variable selling costs are $12 per unit sold. Although production capacity is 600,000 units per year, the company expects to produce only 400,000 units next year. The product normally sells for $120 each. A customer has offered to buy 100,000 units for $90 each.If the firm produces the special order, the effect on income would be a(n): a. increase of $1.050,000. b. decrease of $900,000. c. decrease of $1,0500,000. d. increase of $900,000.

Huds Incorporated reports the information below on its product. The company uses absorption costing and has a target markup of 40% of absorption cost per unit.       Direct materials $ 128 per unit Direct labor $ 58 per unit Variable overhead $ 36 per unit Fixed overhead $ 231,000 per year Variable selling and administrative expenses $ 17 per unit Fixed selling and administrative expenses $ 190,000 per year Units produced 22,000 units per year Units sold 22,000 units per year  Compute the target selling price per unit under absorption costing. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

The following information is for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price Direct materials $200 $ 70 $ 50 Direct labor $ 10 $ 8 Variable manufacturing overhead Sales commission Fixed manufacturing overhead $285,000 0:36:03 Which of the following choices explains the relationship between the absorption costing net operating income and the variable costing net operating Income? Multiple Choice The absorption costing net operating income will be lower than the variable costing net operating income by $100,500.

Farrow Company reports the following annual results.  Contribution Margin Income Statement Per Unit Annual Total Sales (240,000 units) $ 15.00 $ 3,600,000 Variable costs     Direct materials 2.00 480,000 Direct labor 4.00 960,000 Overhead 2.50 600,000 Contribution margin 6.50 1,560,000 Fixed costs     Fixed overhead 2.00 480,000 Fixed general and administrative 1.50 360,000 Income $ 3.00 $ 720,000   The company receives a special offer for 24,000 units at $12 per unit. The additional sales would not affect its normal sales. Variable costs per unit would be the same for the special offer as they are for the normal units. The special offer would require incremental fixed overhead of $96,000 and incremental fixed general and administrative costs of $103,000. (a) Compute the income or loss for the special offer.(b) Should the company accept or reject the special offer? Compute the income or loss for the special offer. (Round your "Per Unit" answers to 2…