SlideShare a Scribd company logo
1 of 2
11.
Packer Company, which has only one product, has provided the following data concerning its
most recent month of operations:
The company produces the same number of units every month, although the sales in units vary
from month to month. The company's variable costs per unit and total fixed costs have been
constant from month to month. (Hint: Use the reconciliation method.)
What is the unit product cost for the month under variable costing? (Omit the "$" sign in your
response.)
Prepare a contribution format income statement for the month using variable costing. (Input all
amounts as positive values except losses which should be indicated by a minus sign. Omit
the "$" sign in your response.)
Without preparing an income statement, determine the absorption costing net operating income
for the month. (Omit the "$" sign in your response.)
Absorption costing net operating income
Thanks
Packer Company, which has only one product, has provided the following data concerning its
most recent month of operations:
Solution
Variable cost Per Unit= $48
Production in units
Unit Sold 2140
Closing Inventory 450
Total Units Available for Sale 2590
Opening inventory 600
Production in units 1990

More Related Content

More from todd991

14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docxtodd991
 
14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docxtodd991
 
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docxtodd991
 
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docxtodd991
 
10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docxtodd991
 
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docxtodd991
 
1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docxtodd991
 
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4-  2-Which of the following acid.docx1-What is the conjugate base of H2C2O4-  2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docxtodd991
 
1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docxtodd991
 
1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docxtodd991
 
1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docxtodd991
 
1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docxtodd991
 
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docxtodd991
 
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docxtodd991
 
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docxtodd991
 
1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docxtodd991
 
1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docxtodd991
 
1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docxtodd991
 
1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docxtodd991
 
1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docxtodd991
 

More from todd991 (20)

14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
14- Which of the following is the correct name for NalICO- A- Sodiuns.docx
 
14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx14 Income tax is estimated at 40- of income- What factors other than e.docx
14 Income tax is estimated at 40- of income- What factors other than e.docx
 
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
12-19 Notes Compare and contrast the Hubble Space Telescope with James.docx
 
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
12-5 Distribution of Cash Upon Liquidation Manley and Singh are partne.docx
 
10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx10- Consider the following data structure used for implementing a link.docx
10- Consider the following data structure used for implementing a link.docx
 
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
10 Solution#include-iostream-h- #include-conio-h- #include-process-h-.docx
 
1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx1-What are the consequences of long term unemployment- 2-Should the go.docx
1-What are the consequences of long term unemployment- 2-Should the go.docx
 
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4-  2-Which of the following acid.docx1-What is the conjugate base of H2C2O4-  2-Which of the following acid.docx
1-What is the conjugate base of H2C2O4- 2-Which of the following acid.docx
 
1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx1-The fund financial statements for governmental funds should include.docx
1-The fund financial statements for governmental funds should include.docx
 
1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx1-To a young researcher- what are the advantages of using the method o.docx
1-To a young researcher- what are the advantages of using the method o.docx
 
1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx1-The party to receive a distribution of principal from an estate is l.docx
1-The party to receive a distribution of principal from an estate is l.docx
 
1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx1-Consider an organization with which you have been affiliated as an e.docx
1-Consider an organization with which you have been affiliated as an e.docx
 
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
1-Astronomers estimate that a low-mass red dwarf star like Proxima Cen.docx
 
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
1-a Which of TCP or UDP is connection-less- Which of TCP or UDP is con.docx
 
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx1- You align 2 lenses together with known focal lengths fi and fa- The.docx
1- You align 2 lenses together with known focal lengths fi and fa- The.docx
 
1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx1- What were some of the major work published by Thomas Maithus- emplo.docx
1- What were some of the major work published by Thomas Maithus- emplo.docx
 
1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx1- What are the advantages and disadvantages of each of sociologys mai.docx
1- What are the advantages and disadvantages of each of sociologys mai.docx
 
1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx1- What are the three fundamental elements of an effective security pr.docx
1- What are the three fundamental elements of an effective security pr.docx
 
1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx1- What are the various theories that we use to explain why people com.docx
1- What are the various theories that we use to explain why people com.docx
 
1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx1- Return the names- IDS- and average salary of the top 10 employees w.docx
1- Return the names- IDS- and average salary of the top 10 employees w.docx
 

Recently uploaded

ACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfSpandanaRallapalli
 
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...Postal Advocate Inc.
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxthorishapillay1
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfphamnguyenenglishnb
 
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxGrade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxChelloAnnAsuncion2
 
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPCeline George
 
Q4 English4 Week3 PPT Melcnmg-based.pptx
Q4 English4 Week3 PPT Melcnmg-based.pptxQ4 English4 Week3 PPT Melcnmg-based.pptx
Q4 English4 Week3 PPT Melcnmg-based.pptxnelietumpap1
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designMIPLM
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...JhezDiaz1
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxAnupkumar Sharma
 
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxGas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxDr.Ibrahim Hassaan
 
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Celine George
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for BeginnersSabitha Banu
 
Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Mark Reed
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPCeline George
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSJoshuaGantuangco2
 
Choosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for ParentsChoosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for Parentsnavabharathschool99
 
How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17Celine George
 

Recently uploaded (20)

ACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdfACC 2024 Chronicles. Cardiology. Exam.pdf
ACC 2024 Chronicles. Cardiology. Exam.pdf
 
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
 
FINALS_OF_LEFT_ON_C'N_EL_DORADO_2024.pptx
FINALS_OF_LEFT_ON_C'N_EL_DORADO_2024.pptxFINALS_OF_LEFT_ON_C'N_EL_DORADO_2024.pptx
FINALS_OF_LEFT_ON_C'N_EL_DORADO_2024.pptx
 
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdfAMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
AMERICAN LANGUAGE HUB_Level2_Student'sBook_Answerkey.pdf
 
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptxGrade 9 Q4-MELC1-Active and Passive Voice.pptx
Grade 9 Q4-MELC1-Active and Passive Voice.pptx
 
What is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERPWhat is Model Inheritance in Odoo 17 ERP
What is Model Inheritance in Odoo 17 ERP
 
Q4 English4 Week3 PPT Melcnmg-based.pptx
Q4 English4 Week3 PPT Melcnmg-based.pptxQ4 English4 Week3 PPT Melcnmg-based.pptx
Q4 English4 Week3 PPT Melcnmg-based.pptx
 
Keynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-designKeynote by Prof. Wurzer at Nordex about IP-design
Keynote by Prof. Wurzer at Nordex about IP-design
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
 
OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...
 
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptxMULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
MULTIDISCIPLINRY NATURE OF THE ENVIRONMENTAL STUDIES.pptx
 
Gas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptxGas measurement O2,Co2,& ph) 04/2024.pptx
Gas measurement O2,Co2,& ph) 04/2024.pptx
 
Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17Computed Fields and api Depends in the Odoo 17
Computed Fields and api Depends in the Odoo 17
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for Beginners
 
Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)Influencing policy (training slides from Fast Track Impact)
Influencing policy (training slides from Fast Track Impact)
 
How to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERPHow to do quick user assign in kanban in Odoo 17 ERP
How to do quick user assign in kanban in Odoo 17 ERP
 
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTSGRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
GRADE 4 - SUMMATIVE TEST QUARTER 4 ALL SUBJECTS
 
Choosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for ParentsChoosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for Parents
 
How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17
 

11- Packer Company- which has only one product- has provided the follo.docx

  • 1. 11. Packer Company, which has only one product, has provided the following data concerning its most recent month of operations: The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. (Hint: Use the reconciliation method.) What is the unit product cost for the month under variable costing? (Omit the "$" sign in your response.) Prepare a contribution format income statement for the month using variable costing. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Without preparing an income statement, determine the absorption costing net operating income for the month. (Omit the "$" sign in your response.) Absorption costing net operating income Thanks Packer Company, which has only one product, has provided the following data concerning its most recent month of operations:
  • 2. Solution Variable cost Per Unit= $48 Production in units Unit Sold 2140 Closing Inventory 450 Total Units Available for Sale 2590 Opening inventory 600 Production in units 1990