NEED ANSWERS FROM 1 To 68 Please N Thank You
Problem P5 1 Variable and Full Costing: Sales Constant but Production Fluctuates
Spencer Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: 2011 2012 2013 Total Units sold 15,000 15,000 15,000 45,000 Units produced 15,000 20,000 10,000 45,000 Fixed production costs $750,000 $750,000 $750,000 Variable production costs per unit 150 150 150 Selling price per unit 250 250 250 Fixed selling and administrative expense 220,000 220,000 220,000
Part a: Calculate profit and the value of ending inventory for each year using full costing.
2011 2012 2013 Fixed manufacturing overhead Amount (1) Amount (2) Amount (3) Divided by ??? Number (4) Number (5) Number (6) Title Formula (7) Formula (8) Formula (9) Title Amount (10) Amount (11) Amount (12) Full cost per unit Formula (13) Formula (14) Formula (15) Sales Amount (16) Amount (17) Amount (18) Less cost of goods sold: 2008 Formula (19) 2009 Formula (20) 2010 Formula (21) Gross margin Amount (22) Amount (23) Amount (24) Less ??? Amount (25) Amount (26) Amount (27) Net income Formula (28) Formula (29) Formula (30) Formula (31) Ending inventory 2008 Formula (32) Ending inventory 2009 Formula (33) Ending inventory 2010 Formula (34)
Part c: Calculate profit and the value of ending inventory for each year using variable costing.
2011 2012 2013 Fixed manufacturing overhead Amount (35) Amount (36) Amount (37) Title Amount (38) Amount (39) Amount (40) Units sold Amount (41) Amount (42) Amount (43) Selling price per unit Value (44) Value (45) Value (46) Sales Formula (47) Formula (48) Formula (49) Less ??? Amount (50) Amount (51) Amount (52) Title Formula (53) Formula (54) Formula (55) Less fixed costs: Title Amount (56) Amount (57) Amount (58) Title Amount (59) Amount (60) Amount (61) Title Formula (62) Formula (63) Formula (64) Formula (65) Ending inventory 2008 Amount (66) Ending inventory 2009 Amount (67) Ending inventory 2010 Amount (68)
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