Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $84,800. In the month of lowest production, the company made 1,220 desks at a cost of $61,500. Using the high-low method of cost estimation, total fixed costs are a.$49,556 b.$61,500 c.$23,300 d.$84,800

Mahoko PLC's planned production for the year just ended was 18,400 units. This production level was achieved, and 21,200 units were sold. Other data follow: Direct material used $ 552,000   Direct labor incurred 259,440   Fixed manufacturing overhead 390,080   Variable manufacturing overhead 198,720   Fixed selling and administrative expenses 329,360   Variable selling and administrative expenses 100,280   Finished-goods inventory, January 1 3,500 units The cost per unit remained the same in the current year as in the previous year. There were no work-in-process inventories at the beginning or end of the year. Required: 1. What would be Mahoko PLC’s finished-goods inventory cost on December 31 under the variable-costing method? Note: Do not round intermediate calculations. 2-a. Which costing method, absorption or variable costing, would show a higher operating income for the year? 2-b. By what amount?

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,450 rackets and sold 5,630. Each racket was sold at a price of $90. Fixed overhead costs are $96,850 per year, and fixed selling and administrative costs are $68,200 per year. The company also reports the following per unit variable costs for the year.  Direct materials $ 12 Direct labor 8 Variable overhead 5 Variable selling and administrative expenses 2

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 5,800 rackets and sold 4,700. Each racket was sold at a price of $88. Fixed overhead costs are $74,240 for the year, and fixed selling and administrative costs are $65,000 for the year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Required: Prepare an income statement under variable costing. $ 11.94 7.94 4.92 1.80

Company XYZ is a manufacturing company. During the month of March the company produced 100 units. During the same month, the company incurred total direct materials cost and total direct labor costs of $30,000 and $45,000 respectively. The company also incurred manufacturing overhead of $60,000 of which 40% is fixed. Furthermore, the company incurred total selling and administrative costs of $100,000 of which 40% is fixed. How much is the total variable cost per unit? Oa. 1,710 O b. 2,350 Ос. 1,110 O d. None of the given answers O e. 1,350

Pena Co. manufactures concert merchandise. During the most productive month of the year, 6,000 hoodies were manufactured at a total cost of $161,600. In its slowest month, the company made 2,800 hoodies at a cost of $104,000. Using the high-low method of cost estimation, total fixed costs are:                         $53,600 $28,600       $58,000       Cannot be determined from the data given

Strait Co. manufactures office furniture. During the most productive month of the year, 3,200 desks were manufactured at a total cost of $84,500. In the month of lowest production, the company made 1,170 desks at a cost of $55,500. Using the high-low method of cost estimation, total fixed costs are a.$84,500 b.$55,500 c.$29,000 d.$38,772

A manufacturing company that produces a single product has provided the following data related to its operations during May: Manufacturing costs: Variable costs per unit: Direct materials $22.50 $20.00 S7.50 Direct labor Variable manufacturing overhead Fixed manufacturing overhead costs (total) $875,000 Selling and administrative costs: Variable per unit Fixed (total) $5.00 $900,000 The product sells for $125 per unit. The company produced 35,000 units and sold 30,000 units in May. There is no beginning inventory. Required: a) Compute the breakeven sales dollars and margin of safety in sales dollars. b) Determine the unit product cost under: i. Absorption costing. ii. Variable costing. c) Prepare an income statement for the month using absorption costing. d) Prepare a contribution format income statement for the month using variable costing. e) Reconcile the variable costing and absorption costing net operating incomes in (c) and (d) above. f) Suppose the company had same production…