P30-2A Tech inc
TECH, INC.
Operating Data for 2013
|
|
Units
|
Amount
|
|
Quantities
|
|
|
|
Beginning inventories, finished goods
|
0
|
|
|
Units produced during the year
|
5,400
|
|
|
Units sold during the year
|
5,000
|
|
|
Costs
|
|
|
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Direct materials @$24 per unit
|
|
$129,600
|
|
Direct labor @$22 per unit
|
|
$118,800
|
|
Variable factory overhead @ $10 per unit
|
|
$54,000
|
|
Fixed factory overhead
|
|
$56,000
|
|
Variable selling and administrative expenses @$9
per unit
|
|
$45,000
|
|
Fixed selling and administrative expenses
|
|
$75,000
|
|
Selling price per unit
|
|
$105
|
Foreign Sale Data
|
|
Units
|
Amount
|
|
Foreign sale opportunity
|
400
|
$75/unit
|
|
Shipping costs
|
|
$8/unit
|
|
Miscellaneous administrative expenses
|
|
$2/unit
|
|
There are no other fixed or variable selling and
administrative costs incurred for this sale
|
|
|
TUTORIAL PREVIEW
|
TECH, INC.
Income Statement (Direct
Costing)
For the Year Ended December 31,
2013
|
||
|
Sales
|
|
$525,000
|
|
Cost of Goods Sold
|
|
|
|
Cost of Goods Manufactured
|
|
|
|
Direct Materials
|
$129,600
|
|
|
Direct labor
|
118,800
|
|
