Exam 2- In Class - Quiz e Left: 1:42:42 Cody Carter: Attempt 1 Question 4 (2 poi

Question

Exam 2- In Class - Quiz e Left: 1:42:42 Cody Carter: Attempt 1 Question 4 (2 points) A manufacturing company that produces a single product has provided the following data concerning its most recent mor operations Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit $ 121 6,800 5, 600 400 15 $ 38 Direct materidls Direct labor Variable manufacturing overhead Variable selling and administrative expense 53 $ 11 $68,000 20 Fixed costs: Fixed manufacturing overhead Pixed selling and administrative expense $28,800 25 30 What is the total period cost for the month under variable costing? 35 $149,600 ?560,000 $88,000 $89,600 Save Question 5 (2 points) t sales volume increases and aul other factors remain constant, then the contribution margin ratio will increase

Explanation / Answer

Q4. Answer is $ 149,600 Explanation: Period cost under variable costing: Fixed manufacturing OH 60,000 Fixed Selling and Admin OH 28,000 variable Selling and Admin OH (5600 units @11) 61600 Total Period cost 149,600 Q5. Answer is 303000 units Explanation: Equivalent units for Conversion cost: Equivalent units of Total units completed (285,000 units @ 100%) 285,000 Equivalent units of Ending WIP (24,000 units @ 75%) 18,000 Total Equivalent units of Conversion cost 303,000 Note: Units completed and transferred out: Sold Units 300,000 Add: ending Finished Goods 60,000 Less: Beginning Finished Goods -75000 Units Completed and transferred out 285000

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