159.Blackbird, Incorporated reports the following information regarding its production cost:
Units produced39,000 units
Direct labor$13 per unit
Direct materials$17 per unit
Variable overhead$7,800,000 in total
Fixed overhead$9,750,000 in total
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
160.Triton Industries reports the following information regarding its production cost:
Units produced77,000 units
Direct labor$27 per unit
Direct materials$12 per unit
Variable overhead$2,541,000 in total
Fixed overhead$3,311,000 in total
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
161.Home Base, Inc. reports the following production cost information:
Beginning inventory10,000 units
Units produced97,000 units
Units sold92,000 units
Direct labor$17 per unit
Direct materials$34 per unit
Variable overhead$2,522,000 in total
Fixed overhead$1,940,000 in total
Operating costs$2,000,000 in total
Assume that productions costs have remained the same since the previous period and all units are sold for $137.00 per unit.
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
c. Determine net income using variable costing.
d. Determine net income using absorption costing.
162.Home Base, Inc. reports the following production cost information:
Units produced97,000 units
Units sold92,000 units
Direct labor$17 per unit
Direct materials$34 per unit
Variable overhead$2,522,000 in total
Fixed overhead$1,940,000 in total
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
c. Determine the cost of ending inventory using variable costing.
d. Determine the cost of ending inventory using absorption costing.
163.Lukin Corporation reports the following first year production cost information.
Units produced62,000 units
Units sold59,000 units
Direct labor$41 per unit
Direct materials$15 per unit
Variable overhead$9,300,000 in total
Fixed overhead$4,340,000 in total
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
c. Determine the cost of ending inventory using variable costing.
d. Determine the cost of ending inventory using absorption costing.
164.Lukin Corporation reports the following first year production cost information:
Units produced62,000 units
Units sold59,000 units
Sales price$350 per unit
Direct labor$41 per unit
Direct materials$15 per unit
Variable overhead$9,300,000 in total
Fixed overhead$4,340,000 in total
Operating expenses$1,000,000
a. Compute production cost per unit under variable costing.
b. Compute production cost per unit under absorption costing.
c. Determine the net income using variable costing.
d. Determine the net income using absorption costing.