# Joan Hill, President of Hill Hill Pens, was looking forward to receiving the company’s second quarter income statement.

production

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
• 20,000
• 20,000
• 20,000
• 20,000

Actual production

• 20,000
• 14,000

The company’s plant is heavily automated, so fixed manufacturing overhead costs total \$800,000 per quarter.  Variable manufacturing costs are \$30 per unit.  The fixed manufacturing overhead cost is applied to units at the rate of \$40 per unit (based on the budgeted production shown above → \$800,000/20,000 units = \$40 per unit).  Any Production Volume Variance is closed directly to COGS for the quarter.

The company had 3,000 units in inventory at the start of the first quarter.  Variable selling and administrative expenses are \$5 per unit.

TO PLACE AN ORDER

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.

Required:

Prepare a variable cost (contribution format) income statement for the first two quarters. (worth 40%)Explain why the operating incomes are different. (worth 20%)

• Explain why the first quarter has a \$ 0 Production Volume Variance (PVV) and the second quarter has a \$240,000 PVV.  Why is the \$240,000 PVV added to COGS? (worth 20%)
• Given that you may need to consult with owners of small-sized business in the future, what are some of the advantages and disadvantages of preparing a variable costing method income statement for them?  (worth 20%)Getoday

TO PLACE AN ORDER

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Math
Customer 453625, April 7th, 2022
Other
Excellent.
Customer 454463, May 5th, 2022
Web Design
Well done
Customer 452441, April 15th, 2022
Other
Michelle is a great writer! Assignment on time.
Customer 463427, October 1st, 2022
SEO
good
Customer 463813, April 18th, 2023
Military
Excellent work
Customer 456821, June 22nd, 2022
Medicine
Good work.
Customer 462931, May 4th, 2022
Statistics
Super professional and highly qualified. Excellent customer service.
Customer 462485, May 29th, 2022
Computer science
Excellent.
Customer 462387, April 4th, 2022
Psychology
Thank you.
Customer 463363, September 23rd, 2022
History
GOOD WORK.
Customer 463001, June 21st, 2022
MBA
Good work.
Customer 462257, April 8th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend