$70,400 Lambson Inc. uses a job-order costing system in which any underapplied o
ID: 2379219 • Letter: #
Question
$70,400
Lambson Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In January the company completed job Z65N that consisted of 26,000 units of one of the company's standard products. No other jobs were in process during the month. The total manufacturing cost on job Z65N's job cost sheet was $1,588,600. The manufacturing overhead for the month was underapplied by $11,700. During the month, 15,000 completed units from job Z65N were sold. No other products were sold during the month.
The unit product cost for job Z65N is closest to:
$45.70
$90,000 $169,200 $183,600$70,400
Lambson Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In January the company completed job Z65N that consisted of 26,000 units of one of the company's standard products. No other jobs were in process during the month. The total manufacturing cost on job Z65N's job cost sheet was $1,588,600. The manufacturing overhead for the month was underapplied by $11,700. During the month, 15,000 completed units from job Z65N were sold. No other products were sold during the month.
The unit product cost for job Z65N is closest to:
$45.70
Data for June for Ozaki Corporation and its two major business segments, North and South, appear below:In addition, common fixed expenses totaled $145,000 and were allocated as follows: $73,000 to the North business segment and $72,000 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is: $89,000 $(56,000) $343,000 $234,000 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations The total contribution margin for the month under variable costing is:
Explanation / Answer
The total contribution margin for the month under variable costing is:
$169,200
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