During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct...
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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $2 per unit, Variable overhead, $4 per unit, and Fixed overhead, $390,000. The company produced 39,000 units, and sold 30,000 units, leaving 9,000 units in inventory at year-end. Income calculated under variable costing is determined to be $415,000. How much income is reported under absorption costing? ! Required information [The following information applies to the questions displayed below.) Red and White Company reported the following monthly data: Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead 2,500 units 30 per unit 2 per unit 3 per unit 4 per unit $ 8,500 in total ta ta ta ta ta What is Red and White's net income under variable costing if 1,030 units are sold and operating expenses are $14,500? Alexis Co. reported the following information for May: Units sold Selling price per unit Variable manufacturing cost per unit Sales commission per unit - Part A Part A 5,100 units $ 850 530 85 What is the contribution margin for Part A
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