Compute the cost of goods sold section of income statement

Assignment Help Accounting Basics

Reference no: EM132688031

Listed here are the total costs associated with the 2017 production of 15,000 Blu-ray Discs (BDs) manufactured by Maxwell. The BDs sell for $18 each.

Question 1: Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.)

Question 2: Compute the manufacturing cost per BD.

Check (2) Total variable production cost, $35,250

Analysis Component

Question 3: Assume that 10,000 BDs are produced in the next year. What do you predict will be the total cost of plastic for the BDs and the per unit cost of the plastic for the BDs? Explain.

Question 4: Assume that 10,000 BDs are produced in the next year. What do you predict will be the total cost of factory rent and the per unit cost of the factory rent? Explain.

Question 5: Shown here are annual financial data at December 31, 2017, taken from two different companies.

Required

Question 6: Compute the cost of goods sold section of the income statement at December 31, 2017, for each company. Include the proper title and format in the solution.

Attachment:- Maxwell.zip

Reference no: EM132688031

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