Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. could you teach me how to solve these. 1. (10 poi

could you teach me how to solve these. 1. (10 points) Penny Black Ltd.,...

70.2K

Verified Solution

Question

Accounting

could you teach me how to solve these.image

1. (10 points) Penny Black Ltd., which has only one product, has provided the following data concerning its most recent month of operations Selling price $104 Units in beginning inventorv Units produced Units sold Units in ending inventorv 27,000 21,000 6,000 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $32 $23 $8 $5 Fixed costs Fixed manufacturing overhead Fixed selling and administrative $270,000 $150,000 Required a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare an income statement for the month using the contribution format and the variable costing method Prepare an income statement for the month using the traditional format and the absorption costing method. d

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the absolute max and min of f(x)= e^-x sin(x) on the interval [0, 2pi] Find the...

Basic Math
1.2K views

Find a Quadrilatural ABCD that is not a square, rectangle, rhombus, trapezoid or kite. Such that...

Statistics
1.2K views

A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with...

Economics
1.2K views

What kind of forward and backward linkages would each of the following publicly funded program might...

Geometry
1.2K views

What is the volume of the cone below 84 11 OA 924 units OB 10...

Basic Math
1.2K views

Norepinephrineand dopamine are twodifferent chemicals that are found mainly inwhich part of the body?A. the...

Calculus
1.2K views

Consider the scalarfield z f x y 0 5x y xy xy defined on the...

Algebra
1.2K views

9 Find the solution set to the inequality 5x 1 29 A x x5 20rx...

Accounting
1.2K views

Answer Question A Southampton Plc and Northampton Plc operate...

Accounting
1.2K views

Please help. Thank you! As an inducement to enter a lease,...

Accounting
1.2K views

Rocky Mountain Corporation makes two types of hiking bootsXactive and the Pathbreaker. Data concerning these...

Accounting
1.2K views

Mute's margin of safety (MOS) in units is Multiple Choice 17,376 16.206 19,986 16,076....