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SI High low 3

# SI High low 3 - group study SI Violins-by-Hannah produces...

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This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI Month MOH costs Direct Labor hours Units Produce d July \$460,000 23,000 3,600 August \$515,000 26,400 4,320 September \$425,000 19,000 4,200 October \$448,000 21,600 3,400 November \$527,000 27,000 5,750 December \$437,000 19,400 3,250 Are the manufacturing over-head costs fixed, variable, or mixed? Explain. Use the high low method to determine Berg Industries’ manufacturing overhead cost equation using DL hours as the cost driver. Estimate manufacturing overhead if Berg industries incurs 24,000 DL hrs. 26,000 DL hrs?

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This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured
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Unformatted text preview: group study SI Violins-by-Hannah produces student-grade violins for beginning violin students. The company produced 2,000 in its first month of operations. At month-end, 600 finished violins remained unsold. There was no inventory in work in process. Violins were sold for \$112.50 each. Total costs for the month were as follows: Direct materials used \$80,000 Direct Labor 50,000 Variable Manufacturing overhead 30,000 Fixed Manufacturing overhead 40,000 Variable selling and administrative expenses 10,000 Fixed Selling and Administrative expenses 15,000 Prepare both a traditional (absorption costing) income statement and a contribution margin income statement. Why are the operating incomes different?...
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SI High low 3 - group study SI Violins-by-Hannah produces...

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