### How JustAnswer Works:

• Ask an Expert
• Get a Professional Answer
• 100% Satisfaction Guarantee

## Ask DanielleCPA Your Own Question

DanielleCPA, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 733
Experience:  CPA experienced in tax and financial planning
50747609
Type Your Finance Question Here...
DanielleCPA is online now

# On June 30, the end of the first year of operations, Reinemund

### Customer Question

On June 30, the end of the first year of operations, Reinemund Equipment Company manufactures 2,200 units and sold 1,900 units. The following income statement was prepared, based on the variable costing concept:

Reinemund Equipment Company Variable Costing Income Statement For the Year Ended June 30,2011
Sales \$45,600,000
Variable cost of goods sold:
Variable cost of goods manufactured \$25,344,000
Less inventory, July 31 \$3,456,000
Variable cost of goods sold \$21,888,000
Manufacturing margin \$23,712,000
Variable selling and administrative expenses 5,472,000
Contribution margin \$18,240,000
Fixed costs:
Fixed manufacturing costs \$11,616,000
Fixed selling and administrative expenses \$3,648,000 \$15,264,000
Income from operations \$2,976,000

Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
Submitted: 3 years ago.
Category: Finance
Expert:  DanielleCPA replied 3 years ago.

Hi and welcome to Just Answer! I'm happy to help answer your Finance questions.

A)

Variable Cost of Goods Manufactured / Units Manufactured = Unit Costs

25,344,000/2200 units = \$11,520/unit

B)

(Variable Costs of Goods Manufactured + Fixed Manufacturing Costs)/Units Manufactured = Unit Costs

(25,344,000+11,616,000)/2,200 units = \$16,800/unit

DanielleCPA, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 733
Experience: CPA experienced in tax and financial planning
DanielleCPA and 2 other Finance Specialists are ready to help you

### JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
• I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
• I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
• Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
• Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA

• ### Rakhi Vasavada

#### Satisfied Customers:

2181
Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
< Last | Next >
• http://ww2.justanswer.com/uploads/RA/rakhi.v/2012-7-3_14374_RakhiVasavadaL.64x64.jpeg Rakhi Vasavada's Avatar

### Rakhi Vasavada

#### Satisfied Customers:

2181
Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
• http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

### Megan C

#### Satisfied Customers:

2108
Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
• http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

### Manal Elkhoshkhany

#### Satisfied Customers:

1890
More than 5000 online tutoring sessions.
• http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg JKCPA's Avatar

### JKCPA

#### Satisfied Customers:

838
Bachelors degree and CPA with Accounting experience.
• http://ww2.justanswer.com/uploads/starside8/2010-2-16_55433_DSCN1175.JPG Eric's Avatar

### Eric

#### Satisfied Customers:

559
Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.
• http://ww2.justanswer.com/uploads/FA/fastfile/2011-12-15_23139_Klein2011small.64x64.jpg R. Klein, EA's Avatar

### R. Klein, EA

#### Satisfied Customers:

407
Intuit Ask a Tax Expert. QuickBooks Certified Pro Advisor (all editions)
• http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

### Dimitry K., Esq.

#### Satisfied Customers:

327
NASD Licensed Rep, 1997-2001, Business Attorney

## Related Finance Questions

Chat Now With A Financial Professional
DanielleCPA
Certified Public Accountant
124 Satisfied Customers
CPA experienced in tax and financial planning