Sims company, a manufacturer of tablet computers, began operations on january 1, 2017. its cost and sales information for this year follows.
manufacturing costs:
direct materials $ 35 per unit
direct labor $ 55 per unit
overhead costs for the year:
variable overhead $ 3,150,000
fixed overhead $ 7,350,000
selling and administrative costs for the year:
variable $ 800,000
fixed $ 4,500,000
production and sales for the year:
units produced 105,000 units
units sold 75,000 units
sales price per unit $ 350 per unit
1. prepare an income statement for the year using variable costing.
2. prepare an income statement for the year using absorption costing.
3. under what circumstance(s) is reported income identical under both absorption costing and variable costing?

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen

Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?