0.730308780439295 1337982802030 e c Not Secure | ezto.mheducation.com/hm.tpx? Ap

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0.730308780439295 1337982802030 e c Not Secure | ezto.mheducation.com/hm.tpx? Apps Bing G Google DI Yahoo Gdayforce.hcm-G- Imported From Sa- 1.14.28 points Tami Tyler opened Tami's Creations, Inc, a small manufacturing compeny, at the beginning of the year Getting the company through is first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend who has just comploted a course in managerial accounting at State University Income Statement 871,200 Sales (24,000 units) $292,800 Variable cost of goods sold Variable selling and administrative Contribution margin Fxed expenses 190,800 483,600 387,600 Fixed manufacturing overhead Fixxed selling and administrative 21200436.700 217,000 435,700 (48,100) Net operating loss the statement as support for a bank loan. Another friend, a CPA, insists that the company should be using absorption costng rather than company would probably have reported at least some profit for the quarter over the loss shown for the quarter, particularly because she had planned to use variable costing and argues that if absorption costing had been used the relating to At this point Ms Tylor is manufacturing only one product, a swinsut. Production and cost data the swimsuilt for the first quarter follow 27,000 24,000 Units sold Variabile costs per unit Direct materials Direct labor Variable manufacturing overhead Variable seling and administrative 3 7.20 $ 3.00 $ 2.00 $ 7.95 MacBook Air 20 FA so FI F3 4

Explanation / Answer

Solution 1a:

Solution 1b:

Solution 1c:

Solution 3a:

Solution 3b:

Solution 3c:

Computation of Unit Product Cost - Absorption Costing Particulars Per unit Unit Product Cost: Direct material $7.20 Direct Labor $3.00 Variable manufacturing overhead $2.00 Fixed manufacturing overhead
($218,700 / 27000) $8.10 Unit Product Cost $20.30

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