Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the past year indicated a net loss for Product J of $12,250. This net loss resulted from sales of $260,000, cost of goods sold of $186,500, and operating expenses of $85,750. It is estimated that 30% of the cost of goods sold represents fixed factory overhead costs and that 40% of the operating expense is fixed. If Product J is retained, the revenue, costs, and expenses are not expected to change significantly from those of the current year. Because of the large number of products manufactured, the total fixed costs and expenses are not expected to decline significantly if Product J is discontinued. Prepare a differential analysis report, dated February 8 of the current year, on the proposal to discontinue Product J. If an amount box does not require an entry, leave it blank or enter "0". Differential Analysis Proposal to Discontinue Product J February 8   Continue Product J Discontinue Product J Differential Effect on Income   $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Costs:         $fill in the blank 6 $fill in the blank 7 $fill in the blank 8   fill in the blank 10 fill in the blank 11 fill in the blank 12   fill in the blank 14 fill in the blank 15 fill in the blank 16   fill in the blank 18 fill in the blank 19 fill in the blank 20 Total costs $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 Income (loss) $fill in the blank 24 $fill in the blank 25 $fill in the blank 26

1. For The period just ended, the gross margin of Robin Company was P 3,840,000, the cost of goods manufactured was P 13,6000,000; the work in process inventory increased by P400,000 and finished goods ending inventories increased by P400,000 during the year, but the materials inventories decreased by P 120,000. Assuming that factory overhead is applied to production at 150% of direct labor cost but only 45% of material cost, how much is the total factory overhead applied to production? 2. A machine shop manufactures a stainless-steel part that is used in an assembled product. Materials charged to a particular job amounted to P6,000. At the point of final inspection, it was discovered that the material used was inferior to the specifications required by the engineering department; therefore, all units had to be scrapped. The revenue received for scrap is to be treated as a reduction in manufacturing cost but cannot be identified with a specific job. A firm price is not determinable for…

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (19,800 units): Direct materials $177,000 Direct labor 227,000 Variable factory overhead 261,600 Fixed factory overhead 100,400 $766,000 Operating expenses: Variable operating expenses $132,300 Fixed operating expenses 42,700 175,000 If 1,800 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is a. $60,498 b. $72,536 Oc. $69,636 O d. $85,545

(Management Accounting) Davidson Company produces a part that is used in the manufacture of one of its products. The costs associated with the production of 5,000 units of this part are as follows:   Direct materials                                $108,000 Direct labor                                         156,000 Variable factory overhead                    70,000 Fixed factory overhead                       168,000 Total costs                                        $502,000   Of the fixed factory overhead costs, $72,000 are avoidable. Assuming there is no other use for the facilities. What is the highest price Davidson Company should be willing to pay for 5,000 units of the part? A) $264,000 B) $334,000 C) $406,000 D) $502,000