FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The following data was provided by Beximco Corporation:
Sales .......................................................... 10,000 units
Selling price .............................................. $30 per unit
Contribution margin ratio .......................... 30%
Margin of safety percentage ...................... 40%
What will be the variable expense per unit
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- The S&S Corporation produces and sells one product. The following data refer to the year just completed: Beginning Inventory 0 units Units produced........................... 20,000 Units sold...................................... 12,500 Sales price per unit.................... $550 Variable selling and administrative expenses per unit $ 50 Fixed Selling and administrative expenses (Total) $500,000 Manufacturing Costs: Direct materials cost per unit..................................................$ 150 Direct labor cost per unit..........................................................$ 95 Variable manufacturing overhead cost per unit..............$ 40 Fixed manufacturing overhead (Total).................................$300,000 Required:a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption…arrow_forwardPlease help me with show all calculation thankuarrow_forwardWhat are the following amounts for the year ended 2/1/20: Net Sales _________ Cost of Goods Sold ____________ Gross Margin ____________ Gross Margin Percentage ____________ Operating Income ____________ Net Income ____________arrow_forward
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