147 the actual price for a product was 50 per unit while the planned price was 44 pe 4297191

147. The actual price for a product was \$50 per unit, while the planned price was \$44 per unit. The volume increased by 4,000 to 60,000 total units. Determine the (a) quantity factor and the (b) price factor for sales.

148. On January 1 of the current year, C. F. Hartley Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January:

 Units Production: 50,000 Sales (\$18 per unit) 42,000 Inventory, January 31 8,000 ===== Total Cost or Expense: Manufacturing costs: Variable \$575,000 Fixed 75,000 Total \$650,000 ======= Selling and administrative expenses: Variable \$ 33,600 Fixed 10,500 Total \$ 44,100 =======

 (a) Prepare an income statement in accordance with absorption costing. (b) Prepare an income statement in accordance with variable costing.

149. On October 31, the end of the first month of operations, Carswell & Co. prepared the following income statement based on absorption costing:

 Carswell & Co.Income StatementFor Month Ended October 31, 20- Sales (2,600 units) \$104,000 Cost of goods sold: Cost of goods manufactured \$85,500 Less ending inventory (400 units) 11,400 Cost of goods sold 74,100 Gross profit \$ 29,900 Selling and administrative expenses 21,500 Income from operations \$  8,400 ========

If the fixed manufacturing costs were \$42,000 and the variable selling and administrative expenses were \$15,600, prepare an income statement in accordance with the variable costing concept.

150. Presented below are the major categories or captions that would appear on an income statement prepared in the variable costing format:

Contribution margin
Fixed costs
Income from operations
Manufacturing margin
Sales
Variable cost of goods sold

 (a) Arrange the above captions in the proper order in accordance with the variable costing concept. (b) Which of the captions represents (1) the difference between sales and the total of all the variable costs and expenses and (2) the remaining amount of revenue available for fixed manufacturing costs, fixed expenses, and net income?

151. On August 31, the end of the first year of operations, during which 18,000 units were manufactured and 13,500 units were sold, Finberg Inc. prepared the following income statement based on the variable costing concept:

 Finberg Inc.Income StatementFor Year Ended August 31, 20– Sales \$297,000 Variable cost of goods sold: Variable cost of goods manufactured \$279,000 Less ending inventory 67,500 Variable cost of goods sold 211,500 Manufacturing margin \$ 85,500 Variable selling and administrative expenses 40,500 Contribution margin \$ 45,000 Fixed costs: Fixed manufacturing costs \$ 12,000 Fixed selling and administrative expenses 10,800 22,800 Income from operations \$ 22,200 ========

Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.