2 Q1A manufacturing company that produces a single product has provided the following data concerning its most recent mo...

Get help with any kind of assignment - from a high school essay to a PhD dissertation

  1. Order Custom Essay, Course Work, Research and Term Papers

A manufacturing company that produces a single

April 14, 2018

2 Q1

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Units in beginning inventory0
Units produced4,900
Units sold4,800
Units in ending inventory100

Variable costs per unit:

Direct materials$59
Direct labor$61
Variable manufacturing overhead$24
Variable selling and administrative$22

Fixed costs:

Fixed manufacturing overhead$102,900
Fixed selling and administrative$48,000


What is the variable costing unit product cost for the month?


$166 per unit$187 per unit$144 per unit$147 per unit

---------------------------------------------------------------------------------------------

2 Q2

Bartelt Inc., which produces a single product, has provided the following data for its most recent month of operations:

Number of units produced4,600
Variable costs per unit:
Direct materials$91
Direct labor$85
Variable manufacturing overhead$7
Variable selling and administrative expense$10
Fixed costs:
Fixed manufacturing overhead$161,000
Fixed selling and administrative expense$326,600

There were no beginning or ending inventories. The absorption costing unit product cost was:

$176 per unit

$218 per unit

$183 per unit

$299 per unit

--------------------------------------------------------------------------------------------

2 Q3

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price$165
Units in beginning inventory0
Units produced12,700
Units sold12,000
Units in ending inventory700
Variable costs per unit:
Direct materials$53
Direct labor$48
Variable manufacturing overhead$6
Variable selling and administrative$4
Fixed costs:
Fixed manufacturing overhead$406,400
Fixed selling and administrative$216,000

What is the total period cost for the month under variable costing?


$406,400$264,000$622,400$670,400

----------------------------------------------------------------------------------------------------------------

2 Q9

Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below:

Crystal Corporation
Income Statement
For the month ending May 31
Sales ($20 per unit)$854,000
Variable expenses:
Variable cost of goods sold555,100
Variable selling expense128,100
Total variable expenses683,200
Contribution margin170,800
Fixed expenses:
Fixed manufacturing overhead105,570
Fixed selling and administrative35,190
Total fixed expenses140,760
Net operating income$ 30,040

The company produced 35,190 units in May and the beginning inventory consisted of 8,750 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.

Under absorption costing, for May the company would report a:


$7,510 loss$7,510 profit$30,040 profit$35,190 profit

-----------------------------------------------------------------------------------------------------------

2 Q10

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price$161
Units in beginning inventory0
Units produced9,200
Units sold9,300
Units in ending inventory1,200
Variable costs per unit:
Direct materials$36
Direct labor$53
Variable manufacturing overhead$17
Variable selling and administrative$27
Fixed costs:
Fixed manufacturing overhead$73,600
Fixed selling and administrative$166,300

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 net operating income for the month under absorption costing?


$19,700$4,800$4,800$31,100

------------------------------------------------------------------------------------------------------------------

2 Q12

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price$163
Units in beginning inventory0
Units produced7,100
Units sold6,800
Units in ending inventory300
Variable costs per unit:
Direct materials$28
Direct labor$58
Variable manufacturing overhead$22
Variable selling and administrative$22
Fixed costs:
Fixed manufacturing overhead$191,700
Fixed selling and administrative$28,800

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?


$135 per unit$108 per unit$130 per unit$157 per unit

---------------------------------------------------------------------------------------------------------------

2 Q13

Harris Corporation produces a single product. Last year, Harris manufactured 28,000 units and sold 22,500 units. Production costs for the year were as follows:

Fixed manufacturing overhead$336,000
Variable manufacturing overhead$215,600
Direct labor$134,400
Direct materials$229,600

Sales were $1,046,250, for the year, variable selling and administrative expenses were $117,000, and fixed selling and administrative expenses were $201,600. 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.)


$25.80 per unit

$20.60 per unit

$16.10 per unit

$21.70 per unit










OUR SERVICE CHARTER






  • Better Grades Guarantee

    Our team of writers prides in high-level competence. The writers have the required expertise that enables them to deliver quality papers that match with the requirements of the grading rubric. In the absence of the rubric, we ensure that the writers follow the clients’ instruction brief to the letter. We can confidently assure our clients to expect nothing short of a pass from the papers that we deliver. Importantly, we have qualified writers who handle different areas of study. This diversification enables us to allot clients’ orders to the writer who is well seasoned in the subject area of study. It also enables the team to become more professional due to specialization. Our clients should put their trust in our service delivery and expect to successfully attain high grades at all times. The fact that we offer free revision reflects our dedication in delivering high quality papers that match with our clients’ expectations.

  • 100% Confidentiality

    We mind about the interests of our clients holistically. It is for this reason that we maintain high-level confidentiality in regard to our clients’ personal information. Importantly, we use the information for purposes that relate with our services only. The only information that we require relates to our clients’ writing needs. It is also important to note that our clients’ payment information is secure with us. If there is any query in regard to the payment information, then our support team is always willing to provide any clarifications in a prompt manner. Confidentiality extends to the fact that a client made use of our services. It means that we hold our relationship with our clients in secrecy. Importantly, our confidentiality measures beat any advanced security measure that can identify any information regarding our relationship with our clients. It means that our clients transact with us freely without any fear of information leakage.

  • Money Back Guarantee

    If any of our writers deliver an incomplete or ambiguous paper that is off the topic, our clients can claim for a refund in regard to the oversight. We do not compromise our service delivery through submission of a paper that does not follow our clients’ instructions. We also mind about the interest of our customers, and we always give them value for their money. However, our clients have a choice to request for a free revision within 14-30 days, or depending on the length of the submitted paper. A client who needs a refund should send a request for it within 14 days after receiving the completed paper. If a client decides not to download the paper, then they can request for 100% refund. Any refunded amount usually goes to the client’s Bonus Balance as store credit. There is always extra compensation when the refund takes the form of store credit. Alternatively, the refunded amount can also go the client’s credit card.

  • Excellent Quality Work

    Grammar is one of the elements that we take seriously in our service delivery. Beside the use of spell checkers, we progressively take our writers through the essentials of a quality paper that features information clarity. Importantly, we encourage our writers to avoid coming up with a paper that deviates from the elements that appear on the client’s instruction brief. It means that the papers that we deliver denote well researched information that is rich in details. Additionally, the papers usually contain exhaustive details on any instruction that a client submitted. It is the tireless application of our writers’ efforts that makes us stand out when it comes to the delivery of excellent quality work. Notably, our writers use quality resources when digging up information that a paper requires. They are usually aware of the sources that contain rich information. Our past clients have proved that we give nothing short of quality work through giving us a positive feedback.




Related Questions