Question 1: During its first year of operation Salon Manufacturing Company sold

Question

Question 1:

During its first year of operation Salon Manufacturing Company sold 1,000 units of inventory. Salon incurred variable product cost of $4 per unit and $1,875 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. Salon uses variable costing. Based on this information Salon will report net income of

Question 2:

During its first year of operation Salon Manufacturing Company sold 1,000 units of inventory. Salon incurred variable product cost of $4 per unit and $1,875 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. Salon uses absorption costing. Based on this information Salon will report net income of

Question 3:

During its first year of operation, Mazer Manufacturing Company produced 2,000 units of inventory and sold 1,800 units. Mazer incurred variable product cost of $4 per unit and $2,500 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. If the president of Mazer is rewarded on her ability to produce net income, she will the motivated to use

Question 4:

During its first year of operation Mazer Manufacturing Company produced 2,000 units of inventory and sold 1,800 units. Mazer incurred variable product cost of $4 per unit and $2,500 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. Determine the amount of net income Mazer would report if the company uses variable costing.

Question 5:

During its first year of operation Mazer Manufacturing Company produced 2,000 units of inventory and sold 1,800 units. Mazer incurred variable product cost of $4 per unit and $2,500 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. Determine the amount of gross margin Mazer would report if the company uses absorption costing.

During its first year of operation Salon Manufacturing Company sold 1,000 units of inventory. Salon incurred variable product cost of $4 per unit and $1,875 of fixed manufacturing overhead costs. The sales price of the products was $6 per unit. Salon uses variable costing. Based on this information Salon will report net income of

Explanation / Answer

Q1 As per Chegg guidelines we answer one question per post but I have answered more than 1 Question Statement showing computations Particulars Amount Sales = 1,000 * 6           6,000.00 Variable Costs = 1,000*4           4,000.00 Contribution = Sales - VC           2,000.00 Fixed Costs           1,875.00 Net income = 2000 - 1875               125.00 Q2 Statement showing income under absorption costing Particulars Amount Sales = 1,000 * 6           6,000.00 Variable Costs = 1,000*4           4,000.00 Gross Profit           2,000.00 Fixed Costs           1,875.00 Net Income               125.00 Q3 Absorption costing since profit would be higher as some part of fixed costs will be carried forward in ending inventory

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.