à Moving to another question will save this response Question1 Data concerming D

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à Moving to another question will save this response Question1 Data concerming Dakota Enterprises operations last year appear below. 0- Units Units in the Beginning Inventory Units Produced Units Sold Selling Price Per Unit Variable Costs Per Unit 2,000 Units 1,900 Units $125 $28 Direct Material Direct Labor Manufacturing Overhead Selling and Administrative Costs 12 Fixed Costs in Total: Manufacturing Overhead Selling and Administrative Costs $40,000 60,000 Match each of the following items with the proper amount A $148,200 B. $50,200 C. $48,200 D. $60.00 E $100,000 F $63,800 G. $45 00 H $114,000 L $78.00 J. $6500 Unit Product Cost, Using Absorption Costing Unit Gross Margin Total Gross Margin Unit Product Cost, Using Variable Costing Unit Contribution Margin Total Contribution Margin Total Selling and Administrative Total Fixed Costs 7 Net Income, Using Absorption Costing Net Income, Using Variable Costing

Explanation / Answer

ITEMS Amount Option Unit product cost, using absorption costing = 28+12+5+40000/2000 = 65 J Unit gross margin = 125-85 = 60 D Total gross margin = 60*1900 = 114000 H Unit product cost, using variable costing = 28+12+5 = 45 G Unit contribution margin = 125-45-2 = 78 I Total contribution margin = 1900*78 = 148200 A Total selling and administrative expenses = 1900*2+60000 = 63800 F Total fixed costs = 40000+60000 = 100000 E Net Income, Using absorption costing = 114000-63800 = 50200 B Net Income, Using variable = 148200-100000 = 48200 C

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