Homework Answers
Variable production cost per unit = 19+15+(190000/19000) = 44 per unit
Value of inventory under variable cost = (900*44) = 39600
So answer is $39600
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MC Qu. 171 A manufacturer reports the following costs to produce... 005 A manufacturer reports the...
13 MC Qu. 170 A manufacturer reports the following costs... 005 A manufacturer reports the following...
13 MC Qu. 170 A manufacturer reports the following costs... 005 A manufacturer reports the following costs to produce 15,000 units in its first year of operations Direct materials. $15 per unit, Direct labor, $11 per unit, Variable overhead, $150,000, and Fixed overhead. $210,000. Of the 15,000 units produced, 13.700 were sold, and 1,300 remain in inventory at year-end. Under absorption costing the value of the inventory is: Multiple Choice 46.800 0 $32.500 0 $52000
15 MC Qu. 174 A manufacturer reports the following information... A manufacturer reports the following informatio...
15 MC Qu. 174 A manufacturer reports the following information... A manufacturer reports the following information below for its first three years in operation. 2.05 points 8 00:58:27 Year 1 Year 2 Year 3 $92,000 $125,000 $131,000 960 580 960 580 $ 12.00 $ 12.00 $ 12.00 Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit eBook Income for year 3 using absorption costing is: Multiple Choice $120,440 0 $138,920
A manufacturer reports the following costs to produce 20,000 units in its first year of operations:...
A manufacturer reports the following costs to produce 20,000 units in its first year of operations: Direct materials, $20 per unit, Direct labor, $16 per unit, Variable overhead, $160,000 and fixed overhead, $320,000. The total product cost per unit under variable costing is: 36 per unit 44 per unit 60 per unit 52 per unit 28 per unit
MC Qu. 159 Flannigan Company manufactures and sells... 005 variable costs are $378. Annual fixed costs are $993,600...
MC Qu. 159 Flannigan Company manufactures and sells... 005 variable costs are $378. Annual fixed costs are $993,600 Current sales Flannigan Company manufactures and sells a single product that sells for $700 per volume is $4,360,000. Compute the contribution margin per unit 10641
16 MC Qu. 78 A firm expects to sell... 005 A firm expects to sell 26,000 units of its product at $12.00 per unit an...
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MC Qu. 165 Flannigan Company manufactures and sells... 005 points Flannigan Company manufactures and sells a single...
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MC Qu. 118 Forrester Company is considering buying... 005 Forrester Company is considering buying new equipment...
MC Qu. 118 Forrester Company is considering buying... 005 Forrester Company is considering buying new equipment that would increase monthly foved costs from $396,000 to $684,000 and would decrease the current variable costs of 580 by $20 per unit. The selling price of $120 is not expected to change. Forrester's current break even sales are $1,188,000 and current break even units are 9.900, If Forrester purchases this new equipment, the revised contribution margin ratio would be: (3 01.2007
TB MC Qu. 10-50 Factor Co. can produce a unit of product... Factor Co. can produce a unit of product for the following c...
TB MC Qu. 10-50 Factor Co. can produce a unit of product... Factor Co. can produce a unit of product for the following costs: Direct material $ 7.10 Direct labor 23.10 Overhead 35.50 Total product cost per unit $ 65.70 An outside supplier offers to provide Factor with all the units it needs at $38.85 per unit. If Factor buys from the supplier, the company will still incur 70% of its overhead. Factor should choose to: Multiple Choice: a. Buy...
Oak Mart, a producer of solid oak tables, reports the following data from its second year...
Oak Mart, a producer of solid oak tables, reports the following
data from its second year of business.
Sales price per
unit
$
320
per unit
Units produced this
year
115,000
units
Units sold this
year
118,000
units
Units in
beginning-year inventory
3,000
units
Beginning inventory
costs
Variable (3,000 units ×
$135)
$
405,000
Fixed (3,000 units ×
$80)
240,000
Total
$
645,000
Manufacturing costs
this year
Direct materials
$
40
per unit
Direct labor
$
62
per unit...
MC Qu. 48 A company provided the following... A company provided the following direct materials cost...
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
13 MC Qu. 170 A manufacturer reports the following costs... 005 A manufacturer reports the following costs to produce 15,000 units in its first year of operations Direct materials. $15 per unit, Direct labor, $11 per unit, Variable overhead, $150,000, and Fixed overhead. $210,000. Of the 15,000 units produced, 13.700 were sold, and 1,300 remain in inventory at year-end. Under absorption costing the value of the inventory is: Multiple Choice 46.800 0 $32.500 0 $52000
15 MC Qu. 174 A manufacturer reports the following information... A manufacturer reports the following information below for its first three years in operation. 2.05 points 8 00:58:27 Year 1 Year 2 Year 3 $92,000 $125,000 $131,000 960 580 960 580 $ 12.00 $ 12.00 $ 12.00 Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit eBook Income for year 3 using absorption costing is: Multiple Choice $120,440 0 $138,920
MC Qu. 159 Flannigan Company manufactures and sells... 005 variable costs are $378. Annual fixed costs are $993,600 Current sales Flannigan Company manufactures and sells a single product that sells for $700 per volume is $4,360,000. Compute the contribution margin per unit 10641
16 MC Qu. 78 A firm expects to sell... 005 A firm expects to sell 26,000 units of its product at $12.00 per unit and to incur variable costs per unit of $700. Totalfixed costs are $80,000. The total contribution marginis M iple Choice O $60.000 $130.000 $80,000 5182,000
MC Qu. 165 Flannigan Company manufactures and sells... 005 points Flannigan Company manufactures and sells a single product that sells for $620 per unit: variable costs are $372. Annual fixed costs are $868,000. Current sales volume is $4,370,000. Compute the current margin of safety in dollars for Flannigan Company 9 00:54 Mutiple Choice O $2,864,400 O $321170 O $2,170,000 O 52.200.000
MC Qu. 118 Forrester Company is considering buying... 005 Forrester Company is considering buying new equipment that would increase monthly foved costs from $396,000 to $684,000 and would decrease the current variable costs of 580 by $20 per unit. The selling price of $120 is not expected to change. Forrester's current break even sales are $1,188,000 and current break even units are 9.900, If Forrester purchases this new equipment, the revised contribution margin ratio would be: (3 01.2007
Oak Mart, a producer of solid oak tables, reports the following
data from its second year of business.
Sales price per
unit
$
320
per unit
Units produced this
year
115,000
units
Units sold this
year
118,000
units
Units in
beginning-year inventory
3,000
units
Beginning inventory
costs
Variable (3,000 units ×
$135)
$
405,000
Fixed (3,000 units ×
$80)
240,000
Total
$
645,000
Manufacturing costs
this year
Direct materials
$
40
per unit
Direct labor
$
62
per unit...
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
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