Zeklen Company had the following data for the month:   ​ Variable costs per unit: ​ Direct materials $6.00 Direct labor 2.00 Variable overhead 1.00 Variable selling expenses 0.60 ​ Fixed overhead is $2,000 per month; it is applied to production based on normal activity of 1,000 units. During the month, 3,000 units were produced. Zeklen started the month with 200 units in beginning inventory, with unit product cost equal to this month's unit product cost. A total of 1,200 units were sold during the month at a price of $10. Selling and administrative expense for the month, all fixed, totaled $2,400. What is the unit product cost under absorption costing?

Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials. Direct labor Variable manufacturing overhead Variable selling and administrative July August Total variable cost per unit. Fixed costs per month: Fixed manufacturing overhead Fixed selling and administrative Total fixed cost per month The product sells for $47 per unit. Production and sales data for July and August, the first two months of operations, follow: Units Produced 21,000 21,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. $ 3 11 Units Sold 17,000 25,000 Required: 1. Determine the unit product cost under: a. Absorption costing. b. Variable costing. 4 1 $ 19 The company's Accounting Department has prepared the following absorption costing income statements for July and August: July $ 799,000 408,000 391,000 183,000 $ 208,000 $ 126,000 166,000 $ 292,000 2. Prepare variable costing income…

YaHo, Ltd. is a manufacturer that produces a single product.  Below is data concerning its most recent month of operations:  Units in beginning inventory 0 Units produced 81,450 Units sold 77,820 Selling price per unit: $13.80 Variable costs per unit:        Direct materials $2.90      Direct labor $2.05      Variable manufacturing overhead $1.30      Variable selling and administrative expense $1.05 Fixed costs (per month):        Fixed manufacturing overhead $195,480      Fixed selling and administrative expense $218,825  Calculate net income for the month using variable costing.   a. $173,236   b. $153,781   c. $115,120   d. $100,237   e. $91,525

During the first month of operations ended July 31, Head Gear Inc. manufactured 25,600 hats, of which 24,100 were sold. Operating data for the month are summarized as follows: Line Item Description Amount Amount Sales   $226,540 Manufacturing costs:         Direct materials $138,240       Direct labor 35,840       Variable manufacturing cost 17,920       Fixed manufacturing cost 15,360 207,360 Selling and administrative expenses:         Variable $12,050       Fixed 8,800 20,850 During August, Head Gear Inc. manufactured 22,600 hats and sold 24,100 hats. Operating data for August are summarized as follows: Line Item Description Amount Amount Sales   $226,540 Manufacturing costs:         Direct materials $122,040       Direct labor 31,640       Variable manufacturing cost 15,820       Fixed manufacturing cost 15,360 184,860 Selling and administrative expenses:         Variable $12,050       Fixed 8,800 20,850 Required: Question…

Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs of $12 per unit. The expected production activity for the first four months of the year are as follows.    January February March April Estimated production in units 6,000 7,000 3,000 4,000   Required Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. Allocate overhead costs to each month using the overhead rate computed in Requirement a. Calculate the total cost per unit for each month using the overhead allocated in Requirement b.

Locklear, Inc. reports the following information for the year ended December 31: Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 650 units $160 per unit $25 per unit $11 per unit $15 per unit $25 per unit $6 per unit $12,600 per year The operating income calculated using variable costing and absorption costing amounted to $9,100 and $10,300, respectively. There were no beginning inventories. Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year. OA. $32,500 B. $16,250 C. $17,450 D. $33,150

Zaria Inc. provides the following cost information for producing 10,000 units of inventory during the current month: Cost Information for Producing 10,000 Units Accounts Amount Direct materials costs $30,000 Direct labor costs $55,000 Variable manufacturing overhead costs $20,000 Fixed manufacturing overhead costs $25,000 Variable Selling and Administrative expenses $15,000 Fixed Selling and Administrative expenses $10,000 The product costs per unit under variable costing would be: Group of answer choices $10.50 per unit $13 per unit $15.50 per unit $12 per unit

Dion Company reports the absorption costing income statement below for May. The company began the month with no finished goods inventory. Dion produced 21,800 units, and 2,900 units remain in ending finished goods inventory for May. Fixed overhead was $43,600. Variable selling and administration expenses were $39,000 and fixed selling and administrative expenses were $19,400.  Sales (18,900 units) $ 378,000 Cost of goods sold 294,000 Gross profit 84,000 Selling and administrative expenses 58,400 Income $ 25,600 Prepare an income statement using variable costing.

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:   Units in beginning inventory 0 Units produced 4,450 Units sold 4,350 Units in ending inventory 100 Variable costs per unit:   Direct materials $ 50 Direct labor $ 52 Variable manufacturing overhead $ 15 Variable selling and administrative expense $ 13 Fixed costs:   Fixed manufacturing overhead $93,450 Fixed selling and administrative expense $43,500 What is the variable costing unit product cost for the month? $130 per unit $151 per unit $117 per unit $129 per unit

Sims Company began operations on January 1. Its cost and sales information for this year follow.   Direct materials $ 30 per unit Direct labor $ 50 per unit Variable overhead $ 20 per unit Fixed overhead $ 8,400,000 per year Variable selling and administrative expenses $ 11 per unit Fixed selling and administrative expenses $ 4,750,000 per year Units produced 105,000 units Units sold 75,000 units Sales price $ 360 per unit  1. Prepare an income statement for the year using variable costing.2. Prepare an income statement for the year using absorption costing.