AC420-01_Unit_7_Project_HallHawkins

AC420-01_Unit_7_Project_HallHawkins - Exercise 9-9 Name...

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Exercise 9-9 Name: Stephanie HallHawkins Insert your answers into the gray-shaded cells of columns E and G. If an answer is incorrect, the word "wrong" will appear. a. Direct materials $150,000 Direct labor 100,000 Manufacturing overhead 75,000 Total variable production cost $325,000 Divided by units produced 300,000 Variable production cost per cap $1.083 b. Contribution margin per unit: Revenue $480,000 Less variable costs: Cost of goods sold $194,400 Selling and administration 90,000 284,400 Contribution margin $195,600 Divided by units sold 180,000 Contribution margin per unit $1.087 c. High Flight Toys Income Statement For Year Ended December 21, 2010 Sales $480,000 Less variable costs: Cost of goods sold $194,400 Selling and administration 90,000 284,400 Contribution margin $195,600 Less fixed expenses: Manufacturing overhead $112,500 Selling and administration 100,000 212,500 Net income (loss) $(16,900)
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Stephanie HallHawkins Selling price $360.00 Variable cost: Direct Materials $60.00
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This note was uploaded on 08/06/2011 for the course ACCT 420 taught by Professor Hinton during the Spring '11 term at Kaplan University.

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AC420-01_Unit_7_Project_HallHawkins - Exercise 9-9 Name...

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