Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory 25 Variable costs per unit: Direct materials $ 100 Direct labor $ 320 Variable manufacturing overhead $ 40 Variable selling and administrative $ 20 Fixed costs: Fixed manufacturing overhead $ 60,000 Fixed selling and administrative $ 20,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Question

17-02-2020
Business

contestada

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory 25 Variable costs per unit: Direct materials $ 100 Direct labor $ 320 Variable manufacturing overhead $ 40 Variable selling and administrative $ 20 Fixed costs: Fixed manufacturing overhead $ 60,000 Fixed selling and administrative $ 20,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Respuesta :

Otras preguntas

A box is 36 inches long,18 inches wide, and 6 inches deep. How many cubic feet are in the box?

WILL MARK BRAINLIEST Chris has these 3 cards. 5 9 0 Make a list of all the number he can make using the cards. Note: Please separate your numbers with a comma.

5 points 12. How many liters of a 4.2 Molar solution of NaCl are needed to make 352 grams of AICI3? * O A. 0.186 liters B. 1.86 liters C. 18.6 liters D. 352 lit

A child is learning how it feels to move her mouth and make sounds. She is in the stage. A. preoperational B. concrete operations O C. formal operations D. sens

Help me to solve this too

The population of Kalona is currently 15,400 people. If the population decreases at an average rate of 325 people per year, how many years it will take for the

find the mean, median and mode

explain the impact of the increase in the number of welfare grants on the unemployment rate

Unscramble the names of the COUNTRIES that speak Spanish (first letters not capitalized to make it more challenging)!

compare an education diploma with a degree in education in the table below NKR UNI/college How long to study minimum requirements NSS prestasierang degree y

ACCESS MORE

facundobuzzetti facundobuzzetti · Answer 1 · 2020-02-18T07:46:02+01:00

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Units in beginning inventory 0

Units produced 250

Units sold 225

Units in ending inventory 25

Variable costs per unit:

Direct materials $100

Direct labor $320

Variable manufacturing overhead $40

Variable selling and administrative $20

Fixed costs:

Fixed manufacturing overhead $60,000

Fixed selling and administrative $20,000

a) Under absorption costing the fixed overhead gets allocated to the product cost:

Product cost= direct material + direct labor + variable overhead + fixed overhead

Unitary cost= 100 + 320 + 40 + (60,000/250 units)= $700 per unit

b) In variable costing, the fixed overhead is a period cost:

Unitary cost= direct material + direct labor + variable overhead

Unitary cost= 100 + 320 + 40= $460

Tundexi Tundexi · Answer 2 · 2022-03-24T12:28:13+01:00

The unit product cost under absorption costing is $700 per unit while the unit product cost under variable costing is $460 per unit.

Given data

Units in beginning inventory 0

Units produced 250

Units sold 225

Units in ending inventory 25

Variable costs per unit:

Direct materials $100

Direct labor $320

Variable manufacturing overhead $40

Variable selling and administrative $20

Fixed costs:

Fixed manufacturing overhead $60,000

Fixed selling and administrative $20,000

Under absorption costing, the fixed overhead gets allocated to the product cost:

Unit Product cost = Direct material + Direct labor + Variable overhead + Fixed overhead

Unit Product cost = 100 + 320 + 40 + (60,000/250 units)

Unit Product cost = $700 per unit

In variable costing, the fixed overhead is a period cost:

Unit Product cost = Direct material + Direct labor + Variable overhead

Unit Product cost = Unitary cost= 100 + 320 + 40

Unit Product cost = $460 per unit