Week 4 - Learning Team A Assignment

Week 4 - Learning Team A Assignment - Problem P7-1A Blue...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem P7-1A Blue Mountain Products manufactures and sells a variety of camping products. Recently the company opened a new plant to manufacture a light-weight, self-standing tent. Cost and sales data for the first month of operations are shown below. Manufacturing costs:  Fixed Overhead $200,000  The tent sells for $150 Variable Overhead $4 / tent has asked for an inco Direct Labor $16 / tent Instructions Direct Materials $40 / tent (a) Assuming the com Beginning Inventory 0 (i) Calculate the manu Tents Produced 10,000 (ii) Prepare an absorp Tents Sold 9,000 (b) Assuming the com Selling and Administrative Costs: (i) Calculate the manu Fixed    $400,000  (ii) Prepare a variable Variable   $6 / tent sold (c) Reconcile the diffe (a) (i) Manufacturing cost per unit =  Direct materials 40 Direct labor 16 Variable manufacturing overhead 4 Fixed manufacturing overhead (200,000 / 10,000 units produced)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/19/2011 for the course ACC 349 taught by Professor Christie during the Spring '08 term at University of Phoenix.

Page1 / 6

Week 4 - Learning Team A Assignment - Problem P7-1A Blue...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online