Use the following data for the next six questions: Unit sales price $ 20 Variabl
ID: 2375617 • Letter: U
Question
Use the following data for the next six questions:
Unit sales price $ 20
Variable production cost per unit $8
Variable S and A cost per unit 2
Fixed overhead cost $150,000
Fixed selling and admin. Cost $200,000
Units produced 50,000
Units sold 48,000
6. Using full costing, the cost per unit is:
A. $8
B. $11
C. $12
D. $9.05
7. Using variable costing, the cost of the ending inventory is:
A. $40,000.
B. $22,000.
C. $16,000.
D. $24,000.
8. Using variable costing, the contribution margin is:
A. $576,000
B. $432,000
C. $336,000
D. $480,000
9. Using full costing, the gross margin is:
A. $576,000
B. $432,000
C. $336,000
D. $480,000
10. Total period costs under variable costing are:
A. $350,000
B. $296,000
C. $446,000
D. $200,000
11. Total period costs under full costing are:
A. $350,000
B. $296,000
C. $446,000
D. $200,000
Explanation / Answer
6 A
7 C
8 A
9 B
10 A
11C
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