Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows: $ 16,000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases 19,000 93,000 28,000 38,000 118,000 Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Option A Option B Option C Option D Option E Cost of Materials Used $93,000 $96,000 $90,000 $90,000 $96,000 Cost of Goods Cost of Goods Manufactured Sold $291,000 $291,000 $311,000 $291,000 $311,000 93,000 68,000 48,000 $271,000 $311,000 $271,000 $311,000 $291,000

The following data was prepared by the Sandhill Company. Total Variable Fixed $ 24/unit Sales price $ 78, 750 Direct materials used Direct labor $91,000 $ 110, 750 $ 13,850 $ 96.900 Manufacturing overhead $ 22,000 $ 12,600 $9,400 Selling and administrative expense 25,500 units Units manufactured 20, 800 units Beginning Finished Goods Inventory 9,000 units Ending Finished Goods Inventory Under variable costing, what is the unit product cost?

Product Cost Flows Complete the following T-accounts:   Materials Inventory   1,120       Answer Answer       18,120     250       Wages Payable     9,000       1,050           Finished Goods Inventory   1,500 Answer     Answer       1,200     Manufactured Overhead   175 Answer     Answer       18,000       4,500         0   Work in Process Inventory   3,500 Answer     Answer       9,000       Answer       500     Cost of Goods Sold   Answer             Save AnswersNext

YouTube O Maps Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results: Sales (27,200 x $96) $2,611,200 Manufacturing costs (27,200 units): Direct materials 1,572,160 Direct labor 372,640 Variable factory overhead 174,080 Fixed factory overhead 206,720 Fixed selling and administrative expenses 56,200 Variable selling and administrative expenses 68,000 The company is evaluating a proposal to manufacture 30,400 units instead of 27,200 units, thus creating an ending inventory of 3,200 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses. a. 1. Prepare an estimated income statement, comparing operating results if 27,200 and 30,400 units are manufactured in the absorption costing format. If an amount box does not require an entry leave it…