Business, 21.04.2020 19:54 gypsybrio1512
On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $80,000. The estimated residual value was $9,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 710,000 units. Actual annual production was as follows: Year Units 1 213,000 2 156,200 3 195,250 4 145,550 Required: a. Calculate depreciation expense under the Straight-line method for Years 1 to 4. b. Calculate depreciation expense under the Units-of-production method for Years 1 to 4. c. Complete a depreciation schedule under the Double-declining-balance method.
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Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.
Answers: 3
On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost...
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