# Problems

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Problems

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PROBLEMS
PROBLEM 5-1. Variable and Full Costing: Sales Constant but Production Fluctuates [LO 1, 2, 3, 5] Spencer Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first three years of business is as follows: 2011 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit 15,000 15,000 \$750,000 \$ 150 \$ 250 2012 15,000 20,000 \$750,000 \$ 150 \$ 250 \$220,000 2013 15,000 10,000 \$750,000 \$ 150 \$ 250 \$220,000 Total 45,000 45,000

Fixed selling and administrative expense \$220,000 Required a. Calculate profit and the value of ending inventory for each year using full costing.

b. Explain why profit fluctuates from year to year even though the number of units sold, the selling price, and the cost structure remain constant. c. Calculate profit and the value of ending inventory for each year using variable costing. d. Explain why, using variable costing, profit does not fluctuate from year to year. PROBLEM 5-2. Variable and Full Costing: Sales Constant but Production Fluctuates [LO 1, 2, 3, 5]

Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows: 2011 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expenses Required a. Calculate profit and the value of ending inventory for each year using full costing. b. Explain why profit fluctuates from year to year even though the number of units sold, the selling price, and the cost structure remain constant. c. Calculate profit and the value of ending inventory for each year...

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