Kingbird Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Price—net purchase price $2.70, freight-in $0.60, and receiving and handling $0.50. (2) Quantity—required materials 3.50 pounds, allowance for waste and spoilage 0.90 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a)   Standard direct materials price per gallon.   $enter the standard direct materials price per gallon in dollars rounded to 2 decimal places    (b)   Standard direct materials quantity per gallon.   enter the standard direct materials quantity per gallon in pounds rounded to 2 decimal places  pounds (c)   Total standard materials cost per gallon.

Harris Company manufactures and sells a single product. 1. A partially completed schedule of the company's total and per unit costs over the relevant range of 53,000 to 93,000 units produced and sold annually is given below: Complete the schedule of the company's total and unit costs. (Round the varlable cost and fixed cost to 2 decimal places.) Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost Fixed Cost Total Unit per Cost 2 Harris Contribution Format Sales Units Variable Expenses 53000 $153700 370000 $523700 ? ? ? Produced & Contribution Margin Fixed Expense Net Operating Income 73000 ? ? ? ? ? ? Company Assume that the company produces and sells 83,000 units during the year at a selling price of $8.97 per unit. Prepare a contribution format income statement for the year. ? ? ? Sold ? 93000 ? ? ? ? Income Statement ? ? ?

Jennifer Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase price $2.50, freight-in.$0.30, and receiving and handling $0.30. (2) Quantity per gallon of finished product is required materials 3.4 pounds and allowance for waste and spoilage 0.7 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct materials price per pound of raw materials. (b) (c) Standard direct materials quantity per gallon. Total standard materials cost per gallon. $ $ pounds

Sheddon Industries produces two products. The products' identified costs are as follows: Direct materials. Direct labor Multiple Choice The company's overhead costs of $55,000 are allocated based on direct labor cost. Assume 5,000 units of product A and 6,000 units of product B are produced. What is the cost per unit for product B? Note: Do not round intermediate calculations. $12.56 $14.56 Product A $ 21,000 15,000 $14.19 Product B $ 16,000 25,000

1. Compute the​ per-unit manufacturing product cost of Standard desks and Unpainted desks. 2. Premanufacturing​ activities, such as product​ design, were assigned to the Standard desks at $5 each and to the Unpainted desks at $3 each. Similar analyses were conducted of​ post-manufacturing activities, such as​ distribution, marketing, and customer service. The​ post-manufacturing costs were $20 per Standard and $19 per Unpainted desk. Compute the full product costs per desk. 3. Which product costs are reported in the external financial​ statements? Which costs are used for management decision​ making? Explain the difference. 4. What price should Johnston's managers set for Standard desks to earn a $39 profit per​ desk?

Can you please help me fill out the two tables, also please let me know what formulas and rules were used

Cherokee Inc. is a merchandiser that provided the following information: Amount 20,000 $ Number of units sold Selling price per Variable selling expense per Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense unit 30 unit $ 4 $ 2 $ 40,000 $ 30,000 $ Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 24,000 $ 44,000 $ 180,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement.

Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.)

Kai.1

Ivanhoe Inc. has conducted the following analysis related to its product lines using a traditional costing system (volume-based) and an activity-based costing system. Both the traditional and activity-based costing systems include direct materials and direct labour costs. Products Product 440X Product 137Y Product 249S (a) Sales Revenue $201,000 172,000 Operating income 87,000 Total Costs Traditional $55,000 74,000 26,000 Additional information related to product usage by these pools is as follows: ABC $50,036 70,668 34,296 For each product line, calculate operating income using the traditional costing system. Product 440X Traditional costing system $ Product 137Y $ Product 249S