ORIE_350_Homework__11_spring_2008

ORIE_350_Homework__11_spring_2008 - ORIE 350 Homework #11...

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ORIE 350 Homework #11 Due April 16, 2008 1. Hunting Products Research Inc. of El Dorado, Arkansas, makers of the Loggy Bayou line of archery tree stands, had the following costs and prices associated with the production last month for one of its deer hunting stands. Beginning Inventory: 0 Production: 1000 units Sales 680 units Direct materials $39,450 total Direct labor $18,680 total Manufacturing Overhead $48,000 total Selling expenses $10,000 total Admin. expenses $7,000 per month Selling price $179.95 per unit (wholesale) a) Provide the statement of operating income for the month using absorption costing b) Provide the statement of operating income for the month using variable costing c) Provide the values shown in ending Finished Goods Inventory for both cases. 2. Pneumotech manufactures industrial air compressors. The following data are for October 2006. The company had 200 units in beginning inventory. In October, 1,500 units were produced, and 1,200 were sold. The average selling price was $4,500. Variable Costs (per unit)
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This note was uploaded on 04/05/2009 for the course ORIE 350 taught by Professor Callister during the Summer '08 term at Cornell University (Engineering School).

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ORIE_350_Homework__11_spring_2008 - ORIE 350 Homework #11...

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