11. A manufacturing company that produces a single product has provided the foll
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Question
11.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Variable costs per unit:
Fixed costs:
What is the variable costing unit product cost for the month?
$106 per unit
$127 per unit
$99 per unit
$117 per unit
12.
Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:
$159 per unit
$205 per unit
$166 per unit
$292 per unit
13.
A company produces a single product. Variable production costs are $12.5 per unit and variable selling and administrative expenses are $3.5 per unit. Fixed manufacturing overhead totals $41,000 and fixed selling and administration expenses total $45,000. Assuming a beginning inventory of zero, production of 4,500 units and sales of 3,850 units, the dollar value of the ending inventory under variable costing would be:
$8,125
$13,975
$10,400
$5,850
14.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
What is the total period cost for the month under variable costing?
$412,800
$325,000
$637,800
$737,800
15.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
The total gross margin for the month under absorption costing is:
$85,560
$8,280
$116,160
$126,960
16.
Brummitt Corporation has two divisions: the BAJ Division and the CBB Division. The corporation's net operating income is $11,400. The BAJ Division's divisional segment margin is $79,600 and the CBB Division's divisional segment margin is $45,100. What is the amount of the common fixed expense not traceable to the individual divisions?
$91,000
$113,300
$56,500
$124,700
17.
Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $40,000 for Division A. Division B had a contribution margin ratio of 30% and its sales were $257,000. Net operating income for the company was $36,300 and traceable fixed expenses were $59,900. Koen Corporation's common fixed expenses were:
$20,900
$59,900
$80,800
$117,100
18.
Insider Corporation has two divisions, J and K. During March, the contribution margin in Division J was $33,000. The contribution margin ratio in Division K was 40%, its sales were $128,000, and its segment margin was $35,000. The common fixed expenses in the company were $43,000, and the company's net operating income was $19,500. The segment margin for Division J was:
$27,500
$35,000
$8,000
$62,500
19.
Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
What is the net operating income for the month under variable costing?
$10,750
$(20,450)
$16,750
$6,000
20.
Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
What is the net operating income for the month under absorption costing?
$26,200
$11,000
$17,000
$6,000
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Explanation / Answer
11. $99 per unit (Add Direct materials, Direct labor and Variable manufacturing cost per unit)
12. $205 per unit
* 417,300/10,700 = 39
13. $8,125
Ending Inventory = 4,500- 3,850
Valued @ product unit cost $12.5 per unit under variable costing
14. Total period cost under variable costing = Fixed manufacturing + Fixed selling/ administrative
412,800+225,000 = 637,800
15.$85,560
Selling price per unit = 140
Gross margin per unit = 31
Total gross margin = 2,760*31 = 85,560
16.113,300
Total segmental margin of both units = 124,700
Less: Net operating income = 11,400
Fixed expenses not traceable to segments = 113,300
17. 20,900
Contribution margin of Division A = 40,000
+Contribution margin of Division B = 257000*30% = 77,100
Total = 117,100
Fixed expenses - treaceable = 59,900
less: Net operating income = 36,300
Non traceable Fixed expenses = 20,900
Units produced 10,700 Materials 108 1,155,600 Labor 51 545,700 Variable o/h 7 74,900 Fixed o/h 39* 417,300 Total 205 2,193,500Related Questions
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