11.A manufacturing company that produces a single product has provided the follo
ID: 2424972 • Letter: 1
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?
$166 per unit
$187 per unit
$144 per unit
$147 per unit
12.
Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:
$124 per unit
$169 per unit
$131 per unit
$253 per unit
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?
$471,600
$312,500
$659,100
$784,100
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:
$78,080
$17,080
$118,520
$129,320
17.
Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $43,100 for Division A. Division B had a contribution margin ratio of 40% and its sales were $201,000. Net operating income for the company was $32,700 and traceable fixed expenses were $56,900. Koen Corporation's common fixed expenses were:
$33,900
$56,900
$90,800
$123,500
18.
Insider Corporation has two divisions, J and K. During March, the contribution margin in Division J was $31,000. The contribution margin ratio in Division K was 40%, its sales were $126,000, and its segment margin was $33,000. The common fixed expenses in the company were $41,000, and the company's net operating income was $18,500. The segment margin for Division J was:
$26,500
$33,000
$8,000
$59,500
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?
$28,500
$11,100
$17,100
$6,000
23.
Spendlove Corporation has provided the following data from its activity-based costing system:
The company makes 760 units of product S78N a year, requiring a total of 1,610 machine-hours, 106 orders, and 36 inspection-hours per year. The product's direct materials cost is $59.86 per unit and its direct labor cost is $17.35 per unit. The product sells for $145.40 per unit.
According to the activity-based costing system, the product margin for product S78N is: (Round your intermediate calculations to 2 decimal places.)
$11,805.54
$14,595.54
$51,824.40
$14,854.10
24.
Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead costs to products:
Last year, Product F76D involved 5 customer orders, 483 assembly hours, and 22 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?
$1,598.08
$3,451.39
$1,271.16
$68,360.23
28.
The controller of Ferrence Company estimates the amount of materials handling overhead cost that should be allocated to the company's two products using the data that are given below:
If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the Wall Mirrors is closest to: (Round your intermediate calculations to 4 decimal places.)
$13,855
$8,878
$15,688
$10,527
30.
Munar Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below:
Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:
Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.
What is the overhead cost assigned to Product X6 under activity-based costing? (Round the Intermediate calculation to two decimal places and your final answer to nearest whole dollar.)
$15,000
$8,103
$20,640
$28,743
Units in beginning inventory 0 Units produced 4,900 Units sold 4,800 Units in ending inventory 100Explanation / Answer
Answer:11 $144 per unit
calculation of the variable costing unit product cost for the month:
=(Direct materials+Direct labor+variable manufacturing overhead)
=($59+61+24)
=144
Answer:12 $169 per unit
Unit Product cost=(Direct materials+Direct labor+variable manufacturing overhead+Fixed manufacturing overhead
=(64+60+7+$110,200/2900)
=$169 per unit
Answer:14 $312,500
Total Period cost=Variable selling and administrative+Fixed selling and administrative
=12500*$10+$187,500
=$312500
Answer:15 $78080
Gross margin=(Selling Price-unit PRoduct cost)*sales unit
=(156-124)*2440
=78080
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