A company produces a single product. Variable production
costs are $13.7 per unit and variable selling and administrative expenses are
$4.7 per unit. Fixed manufacturing overhead totals $53,000 and fixed selling
and administration expenses total $57,000. Assuming a beginning inventory of
zero, production of 5,700 units and sales of 4,450 units, the dollar value of
the ending inventory under variable costing would be:
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$28,375
$23,000
$11,250
2.
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of operations:
Selling price
$144
Units in beginning
inventory
0
Units produced
3,020
Units sold
2,730
Units in ending
inventory
290
Variable costs per
unit:
Direct materials
$47
Direct labor
$21
Variable manufacturing
overhead
$16
Variable selling and
administrative
$9
Fixed costs:
Fixed manufacturing
overhead
$90,600
Fixed selling and
administrative expenses
$35,490
The total gross margin for the month under absorption
costing is:
$81,900
$21,840
$128,430
$139,230
3.
Hatfield Corporation, which has only one product, has
provided the following data concerning its most recent month of operations:
Selling price
$170
Units in beginning
inventory
100
Units produced
2,130
Units sold
870
Units in ending
inventory
1,360
Variable costs per
unit:
Direct materials
$75
Direct labor
$30
Variable manufacturing
overhead
$10
Variable selling and
administrative
$13
Fixed costs:
Fixed manufacturing
overhead
$27,690
Fixed selling and
administrative
$17,400
What is the total period cost for
the month under the variable costing?
$45,090
$28,710
$27,690
$56,400
4.
Farron Corporation, which has only one product, has
provided the following data concerning its most recent month of operations:
Selling price
$172
Units in beginning
inventory
0
Units produced
9,700
Units sold
9,300
Units in ending
inventory
400
Variable costs per
unit:
Direct
materials
$33
Direct
labor
$75
Variable
manufacturing overhead
$21
Variable
selling and administrative
$25
Fixed costs:
Fixed
manufacturing overhead
$145,500
Fixed
selling and administrative
$10,300
What is the net operating income for the month under variable
costing?
$11,600
$(40,000)
$17,600
$6,000
5.
Farron Corporation, which has only one product, has
provided the following data concerning its most recent month of operations:
Selling price
$120
Units in beginning
inventory
0
Units produced
9,050
Units sold
8,650
Units in ending
inventory
400
Variable costs per
unit:
Direct
materials
$20
Direct
labor
$62
Variable
manufacturing overhead
$8
Variable
selling and administrative
$12
Fixed costs:
Fixed
manufacturing overhead
$135,750
Fixed
selling and administrative
$9,000
What is the net operating income for the month under absorption
costing?
$25,050
$10,950
$16,950
$6,000
6.
Aaker Corporation, which has only one product, has
provided the following data concerning its most recent month of operations:
Selling price
$135
Units in beginning
inventory
0
Units produced
6,750
Units sold
6,450
Units in ending
inventory
300
Variable costs per
unit:
Direct
materials
$21
Direct
labor
$51
Variable
manufacturing overhead
$15
Variable
selling and administrative
$15
Fixed costs:
Fixed
manufacturing overhead
$182,250
Fixed
selling and administrative
$26,700
What is the unit product cost for the month under variable
costing?
$102 per units
$129 per units
$114 per units
$87 per units
7.
Khanam Corporation, which has only one product, has
provided the following data concerning its most recent month of operations:
Selling price
$115
Units in beginning
inventory
0
Units produced
6,500
Units sold
6,200
Units in ending
inventory
300
Variable costs per
unit:
Direct
materials
$16
Direct
labor
$46
Variable
manufacturing overhead
$10
Variable
selling and administrative
$10
Fixed costs:
Fixed
manufacturing overhead
$175,500
Fixed
selling and administrative
$25,200
The company produces the same number of units every month,
although the sales in units vary from month to month. The company’s variable
costs per unit and total fixed costs have been constant from month to month.
What is the unit product cost for the month under absorption
costing?
$99
per unit
$72
per unit
$82
per unit
$109
per unit
8.
Harris Corporation produces a single product. Last year,
Harris manufactured 32,150 units and sold 26,900 units. Production costs for
the year were as follows:
Fixed manufacturing
overhead
$482,250
Variable manufacturing
overhead
$279,705
Direct labor
$154,320
Direct materials
$234,695
Sales were $1,277,750, for the year, variable selling and
administrative expenses were $158,710, and fixed selling and administrative
expenses were $212,190. There was no beginning inventory. Assume that direct
labor is a variable cost.
The contribution margin per unit would be: (Do not round intermediate calculations.)
$26.70 per unit
$16.30 per unit
$20.80 per unit
$21.90 per unit
9.
A manufacturing company that produces a single product has
provided the following data concerning its most recent month of operations:
Selling price
$89
Units in beginning inventory
0
Units produced
4,300
Units sold
4,000
Units in ending inventory
300
Variable costs per unit:
Direct
materials
$13
Direct
labor
$35
Variable
manufacturing overhead
$1
Variable selling
and administrative
$10
Fixed costs:
Fixed
manufacturing overhead
$77,400
Fixed selling
and administrative
$24,000
The total contribution margin for the month under variable costing is:
$160,000
$88,000
$42,600
$120,000
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