labbos s 5.00 per unit s 7.30 per unit $12.30 per part $62.30 per unit 37.50 per
ID: 2577200 • Letter: L
Question
labbos s 5.00 per unit s 7.30 per unit $12.30 per part $62.30 per unit 37.50 per uni ed manufacturing costs ministrative expenses all fised What is the inventoriable cost per unit using variable costing? A) 545.00 8) 552.50 ) s6s.oo D) $115.00 21) What is the invent A) $45.00 )$52.50 oriable cost per unit using absorption costing? C) $115.00 D) $80.00 22) The contribution-margin format is used for__ A) variable costing income statement B) mixed costing income statement D) job order costing income statement 23) The gross-margin format is used for C) absorption costing income statement A) variable costing income statement B) mixed costing income statement C) absorption costing income statement D) standard costing income statement Zahra's Decoratives produces and sells a decorative pillow for $97.50 per un operation, 2,000 units were produced and 1,750 units were sold. Actual fixe amount budgeted for the month. Other information for the month include Variable manufacturing costs Variable marketing costs Fixed manufacturing costs Administrative expenses, all fixed $22.10 per unit $ 3.90 per unit $13.00 per unit $19.50 per unit Ending inventories: 0- Direct materials WIP Finished goods 250 units 24) What is cost of goods sold per unit using variable costing? A) $22.10Explanation / Answer
20) Solution: 52.50
Working: inventoriable cost per unit using variable = Direct materials + Direct manufacturing labor + Variable manufacturing costs = 40+ 5 + 7.50 = 52.5
21) Solution: 115.0
Working: inventoriable cost per unit using absorption = Direct materials + Direct manufacturing labor + Variable manufacturing costs + Fixed manufacturing costs = 40 +5 + 7.50 +62.50 =115.0
22) Solution: variable costing income statement
Explanation: The contribution-margin format of the income statement is used with variable costing
23) Solution: absorption costing income statement
Explanation: The gross-margin format of the income statement is used with absorption costing
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