answer quickly David Company operating result under absorption costing below:2019Sales..$ 270,000Cost of goods sold (variable and fixed)180,000...Gross profit.$90,000Selling and Administrative expenses (variable andfixed)38,000taoNet operating income...$52,000Production and operating activities shown as follows:20192020Beginning inventory..O units?Production...20,000 units 30,000 unitsSales..18,000 units 23,000 unitsThe company's selling and variable cost per unit remained constant from year to year. TheCompany has a total fixed manufacturing overhead of $60,000 and fixed selling and administrativeexpenses of $20,000 per year. Company uses first-in first-out (FIFO) inventory method.Answer the followin fram tha D-idAnswer the following from the David Company financial data given above. (Do NOT use "comma"or "dollar" signs in your answers).Determine the amount of the following for year 2020Answer1. Unit product cost under variable costing.tao2. Unit product cost under absorption costing.3. Total cost of goods manufactured under absorption costing4. Total variable cost of goods sold.5. Variable selling and administrative expenses per unit.6. Total variable expenses (manufacturing & non-manufacturing).7. Cost of beginning finished goods inventory under absorptioncosting.8. Company's net operating income under variable costing.9. Fixed manufacturing overhead cost deferred in the endinginventory.10. Company's net operating income under absorption costing.

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Answered: David Company operating result under…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...

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A company reports the following information for the current year: Units Produced (25,000)< Units Sold (15,000), DM ($9 per unit), DL ($11 per unit), VOH (total $75,000) and FOH (total $137,500). Compute the cost of finished goods in inventory under absorption costing a. $427,500 O b. $285,000 O c. $230,000 O d. $712,500
The following information are available for X Corp: (The company uses actual costing). What is the Profit in 2019 under absorption costing? 2019 Beginning Inventory None Production 10,000 units Ending Inventory 3,500 units Sales at 2 per unit ?? Variable Mfg cost in total pesos 7,500 Fixed Mfg cost 5,000 OPEX (50% FC) 4,500 2020 Beginning Inventory ?? Production 9,000 units Ending Inventory 1,000 units Sales at 2 per unit ?? Variable Mfg cost in total pesos ?? Fixed Mfg cost 5,400 (increased by 400 for change of total FC of the company) OPEX (50% FC) 7,500
The following information applies to the questions displayed below.]Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. 2018 2019 Sales ($46 per unit) $ 920,000 $ 1,840,000 Cost of goods sold ($31 per unit) 620,000 1,240,000 Gross margin 300,000 600,000 Selling and administrative expenses 290,000 340,000 Net income $ 10,000 $ 260,000 Additional Information Sales and production data for these first two years follow. 2018 2019 Units produced 30,000 30,000 Units sold 20,000 40,000 Variable cost per unit and total fixed costs are unchanged during 2018 and 2019. The company's $31 per unit product cost consists of the following. Direct materials $ 5 Direct labor 9 Variable overhead 7 Fixed overhead ($300,000/30,000 units) 10 Total product cost per unit $ 31 Selling…
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