economics work
MyMaci00·
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Assignment 2
Paint More LLC has organized a new division to manufacture and sell specialty paint. The division’s monthly costs are shown below:
Manufacturing costs: | ||
Variable costs per unit: | ||
| Direct materials | $13 |
Variable manufacturing overhead | $5 | |
Fixed manufacturing overhead costs (total) | $200,000 | |
Selling and administrative costs: |
| |
| Variable | 5% of sales |
Fixed (total) | $33,000 | |
Because the production is highly automated, the company includes its labor costs in its fixed manufacturing overhead. The gallons of paint sell for $68 each. During September, the first month of operations, the following activity was recorded:
Units produced 9,000
Units sold 6,500
1. Compute the unit product cost under:
1. ABC
2. Variable costing
2. Prepare an absorption costing income statement for September
3. Prepare a contribution format income statement for September using ABC costing
In this forum, discuss in 5 pages the different forms of costing. Include example calculations and graphs. ApA
10 years ago
50
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paint_llc.xls
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