A company uses activity-based costing to compute product mar…

A company uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company’s three activity cost pools–Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing $ 3,800 Supervising $ 23,800 Other $ 10,400 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:   MHs(Processing) Batches (Supervising) Product M7 9,700 500 Product XX5 300 500 Total 10,000 MHs 1,000 Batches Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.   Product M7 Product XX5 Sales (total) $ 74,100 $ 89,900 Direct materials (total) $ 28,500 $ 31,400 Direct labor (total) $ 27,800 $ 41,700 What is the product margin for Product XX5 under activity-based costing?

A company produces a single product and has provided the fol…

A company produces a single product and has provided the following data for its most recent month of operations: Number of units produced 7,000 Variable costs per unit:   Direct materials $ 87 Direct labor $ 75 Variable manufacturing overhead $ 5 Variable selling and administrative expense $ 10 Fixed costs:   Fixed manufacturing overhead $273,000 Fixed selling and administrative expense $497,000 There were no beginning or ending inventories. The absorption costing unit product cost was:

A company which produces only one product has provided the f…

A company which produces only one product has provided the following data concerning its most recent month of operations: Selling price $99 Units in beginning inventory 0 Units produced 4,800 Units sold 4,030 Units in ending inventory 770 Variable costs per unit:   Direct materials $ 20 Direct labor $ 40 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs:   Fixed manufacturing overhead $54,900 Fixed selling and administrative expense $ 3,500 The total contribution margin for the month under variable costing is: