The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies ( based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $ 21,000 D. $63,000
The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock _ Closing Stock 1,000 The following cost structure applies ( based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $16 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 ((2)/(3)) are fixed. What is the Marginal Costing Profit/Loss? Question 15Select one: A. $83,000 B. $35,000 C. $ 21,000 D. $63,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
Related questions
Question
A6 please help.......
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College