Whitehall Company sells a single product for $25. It had no beginning inventories. Operating data follow. Sales, 27,000 units Normal capacity Production costs: Variable per unit Fixed production Selling and administrative expenses: Variable per unit sold $ 6,75,000 30,000 units $ 13 $ 1,50,000 Fixed selling Number of units produced $ 2 $ 20,000 32,500 units Assume the actual costs were as budgeted. a. Find contribution margin per unit. b. Compute the ending inventory under standard variable costing. c. Compute the income under standard variable costing.

Subject = General Account

Morwenna, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $900,000 150,000 60,000 100,000 60,000 Calculate the operating income for August using absorption costing. OA. $1,060,000 O B. $370,000 OC. $530,000 D. $250,000

Revenue and cost details for a company’s single product are as follows:BWP per unit BWP per unitSales priceVariable costFixed costProfit15827(23)4Fixed costs are absorbed based on the company’s normal activity, which is also the company’s budgeted sales value for each period. Last period there were no changes in inventory and the company achieved a margin of safety of 20% of the actual sales volume. Fixed costs were over-absorbed by P2,400.Required: a. Calculate the breakeven point in units for each period.

Revenue and cost details for a company’s single product are as follows:BWP per unit BWP per unitSales priceVariable costFixed costProfit15827(23)4Fixed costs are absorbed based on the company’s normal activity, which is also the company’s budgeted sales value for each period. Last period there were no changes in inventory and the company achieved a margin of safety of 20% of the actual sales volume. Fixed costs were over-absorbed by P2,400.Required: a. Calculate the breakeven point in units for each period. b. Calculate the number of units to be produced and sold to achieve a profit of P6,600 for the period

Spock Company incurs the following costs to produce and sell a single product. Variable costs per unit: Direct materials. $9 $10 Direct labor.. Variable manufacturing overhead.. Variable selling and administrative expenses.. Fixed costs per year: Fixed manufacturing overhead... Fixed selling and administrative expenses. $5 $3 $150,000 $40,000 Is the company using absorption costing or variable costing to cost units in the Finished Goods inventory account? Show computations to support your answer.

Kirchoff, Inc., manufactures a product with the following costs: Direct materials Per Unit Per Year P18.00 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses P11.90 P2.10 P1,422,000 P3.60 Fixed SG&A expenses The pricing calculations are based on budgeted production and sales P1,540,500

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The Post Division of Awal Company produces basic posts, which can be sold to outside customers or sold to the Lamp Division of Awal Company. The following data are available for last year's activities of the Post Division: The Post Division: Capacity in units.......... Selling price per post to outside customers. Variable costs per post. Fixed costs, total. 300,000 posts $1.75 $0.90 $150,000 The Lamp Division Number of Units needed .... Purchase Price from Outside Suppliers 25,000 posts $1.5 Required: 1. Suppose that the Post Division sells to outside customers 270,000 units. What is the lowest transfer price that would not reduce the profits of the Post Division? And what is the range of transfer? 2. Suppose that the Post Division sells to outside customers 300,000 units and the cost of packing and shipping the posts for outside customers is $0.1 per unit, these packing and shipping costs would not have to be incurred on sales of the posts to Lamp Division. What is the lowest transfer…

KALIBO CORP. prepared the following absorption-costing income statement for the year ended May 31, 2019 Sales (16,000 units) Cost of goods sold Gross margin Selling and administrative expenses Operating income Additional information follows: Selling and administrative expenses include P1.50 of variable cost per unit sold. There was no beginning inventory, and 17,500 units were produced. Variable manufacturing costs were P11 per unit. Actual fixed costs were equal to budgeted fixed costs. REQUIREMENT: Prepare a variable-costing income statement for the same period. P 320,000 216.000 P104,000 46.000 P 58,000 Absorption Costing Income Statement (Conversion from Variable Net Income) 4. LEGAZPI COMPANY manufactures and sells premium tomato juice by the gallon. LEGAZPI just finished its first year of operations. The following data relates to this first year: