Posted: May 4th, 2016

5,000. 1) How many total equivalent units were completed during the year?

In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000.
1) How many total equivalent units were completed during the year?
2) What is the cost per equivalent unit?Tyson Manufacturing has the following cost information available for 2009:

Direct Materials= $6/ unit
Direct labor= $2/ unit
Variable manufacturing Overhead= $1.50/ unit
Variable selling and administrative costs= $3/ unit
Fixed Manufacturing Overhead= $40,000
Fixed Selling and administrative costs= $50,000

During 2009, Tyson Manufacturing 10,000 units out of which 9,100 units were sold for $50 each.

What is net income under variable costing?
a) $251,250
b) $254,850
c) $285,000
d) $291,25