This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Andra's Bakery produces frozen pizzas, which it sells for $10 each. The company uses the FIFO ... (Read 82 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jan 5, 2020
Andréa's Bakery produces frozen pizzas, which it sells for $10 each. The company uses the FIFO inventory costing method and it computes a new monthly fixed manufacturing overhead rate based on the actual number of meals produced that month. All costs and production levels are exactly as planned. The following data are from Andréa's Bakery first two months in business:

JulyAugust
Sales1,5001,800
Production2,1001,500
Variable manufacturing expense per pizza$6$6
Sales commission expense per pizza$1.50$1.50
Total fixed manufacturing overhead$1,050$1,050
Total fixed marketing and administrative expenses$900$900

Required:
1. Compute the product cost per meal produced under absorption costing and under variable
costing. Do this first for July and then for August.
2. Prepare separate monthly income statements for July and for August, using (a) absorption
costing and (b) variable costing.
3. Is operating income higher under absorption costing or variable costing in July? In August?
Explain the pattern of differences in operating income based on absorption costing versus variable costing.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by penguins on Jan 5, 2020

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


penguins

  • Member
  • Posts: 903
Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
Close-up view of Pluto's mountains, frozen plains and hazes Close-up view of Pluto's mountains, frozen plains and hazes
How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.) How lateral inhibition produces contrast enhancement. (Based on Ratliff, 1972.)
Pharmaceutical Company Representatives Pharmaceutical Company Representatives
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Role of complement proteins

For a complete list of videos, visit our video library