ACC 206 WEEK 2 ASSIGNMENT 5

ACC 206 WEEK 2 Manufacturing statements and cost behavior 
Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows.
Per Unit 	Variable Cost 	Fixed Cost 
Direct materials 	$4.50 	$ — 
Direct labor 	6.5	— 
Factory overhead 	9	50,000
Selling 	— 	70,000
Administrative 	— 	135,000
	







Production and sales totaled 20,000 rolls and 17,000 rolls, respectively There is no work in process. Tampa carries its finished goods inventory at the average unit cost of production. 
Instructions: 
a.	Prepare an income statement for the current year ended December 31 
B. a.	Determine the cost of the finished goods inventory of light-gauge aluminum. 
C. On the basis of the information presented: 
1.	Does it appear that the company pays commissions to its sales staff? Explain. 

2.	What is the likely effect on the $4.50 unit cost of direct materials if next year's production increases? Why?

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