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

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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

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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

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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

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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

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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

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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

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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










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