2 Q1 A manufacturing company that produces a single product has


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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

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