Vijay Company reports the following information regarding its production costs. Direct materials Direct labor $ 11.e0 per unit $ 21.00 per unit Overhead costs for the year Variable overhead Fixed overhead $11.e0 per unit $ 270,000 30,e00 units Units produced Compute its product cost per unit under absorption costing. (Round your answer

Shore Company reports the following information regarding its production cost. Units produced 36,500 units $ 27.25 per unit Direct labor $28.25 per unit Direct materials $675,250 in Variable overhead total $ 129,940 in Fixed overhead total Compute production cost per unit under absorption costing. O $74.00 O $77.56 O $55.50 O $27.25 O $18.50

Zeta Inc. had net income of $918,000 based on variable costing. Beginning and ending inventories were 56,800 units and 55,600 units, respectively. Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What is net income under absorption costing?   A.$797,170 B.$912,840 C.$1,038,830 D.$915,420 E.$918,000

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

The East Company manufactures several different products. Unit costs associated with Product ORD210 are as follows: Direct materials $54Direct manufacturing labor 8Variable manufacturing overhead 11Fixed manufacturing overhead 25 Sales commissions (2% of sales) 5Administrative salaries 12Total$115What are the period costs per unit associated with Product ORD203 ? Oa. $120 b. $50 c. $17© d $18

The XYZ Company uses Standard costing system. Following data are taken from its cost record.STANDARD ACTUALDirect Material Rate per unit Rs. 10 Rate per unit Rs. 12Total Cost Rs. 80,000 Quantity 8,600 unitsDirect Labour Wages per hour Rs. 40 Wages per hour Rs. 30Total labour hours 600 Total labour cost Rs. 16,500Factory Overhead 90% of Direct labour Rs. 20,000Required:1] Compute the Following. a) Material Price Varianceb) Material Quantity Variance c) Labour Rate Varianced) Labour efficiency variance e) Overhead Variance

How to calculate product costs?

Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.00 Direct labor $ 4.20 Variable manufacturing overhead $ 1.30 Fixed manufacturing overhead $ 126,000 Sales commissions $ 1.50 Variable administrative expense $ 0.35 Fixed selling and administrative expense $ 41,400 Required: a. If 9,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,000 units are produced, what is the total amount of indirect manufacturing costs incurred?

The following particulars are extracted from the records of a company. Product A Product B Sales (per unit) RO. 100 RO. 120 Consumption of material Material cost 2 kg 3 kg RO. 10 RO. 15 Direct wages cost RO. 15 RO. 10 Direct expenses RO. 5 RO. 6 Machine hours used 3 Overhead expenses: Fixed 10 Variable 15 20 Direct wage per hour is RO.5. Comment on the profitability of each product (both use the same raw material) when: (i) Total sales potential in units is limited Production capacity (in terms of machine hours) is the limiting factor. Material is in short supply (ii) (iv) Sales potential in value is limited.

The cost breakdown details submitted by Rane Machine Works, a supplier for Caravan Engineering, is reproduced in the table given below.   Cost Elements Rane Machine Works (amounts in $) Material 8.00 Direct Labor 8.00 Fixed Overhead (@ 150% of direct labor)   Manufacturing Cost (material + direct labor + fixed overhead)   General & Administrative Overhead (@ 10% of manufacturing cost)   Total Cost (manufacturing cost + general & administrative overhead)   Profit (@ 10% of Total Cost)   Price (total cost + profit)     The supply manager at Caravan Engineering has asked two of his supply analysts to estimate the cost details and the cost breakdown given by Rane Machine Works.   Supply analyst 1 estimates what the supplier costs should be (using a “should-cost” model), and after analysis, recommends that the supply manager bargain for a price that is based on a 25% reduction in the direct labor cost.   Supply analyst 2…