Homework Answers
Solution:
The true statement is "Fixed costs stay constant in total over a wide range of activity levels"
Hence option D is correct.
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Which of the following is the O A Direct materials are considered to be fixed costs....
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct...
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct labor, 529 per unit variable manufacturing overhead. 518 per unit total feed manufacturing overhead costs, 57,680 variable selling and administrative costs, S4 per unit, total feed selling and administrative costs, S4320 There are no beginning inventories What is the ending balance in Finished Goods Inventory using variable costing if 440 units are sold? O A. $5,280 OB. $7.920 OC. 52.480 OD. $2,320
Dent Company incurred the following costs while producing 480 units direct materials. $14 per unit direct...
Dent Company incurred the following costs while producing 480 units direct materials. $14 per unit direct labor $25 per unit variable manufacturing overhead $13 per un total fed manufacturing overhead costs $7680 variable Selling and administrative costs $11 per un total fixed selling and administrative st. 54320. There are no beginning inventories What is the operating income using variable costing W 420 units are sold for 5120 each? OA $12.480 OB. 516.140 OC. 511520 OD. 523 520
Dapple Company incurred the following costs while producing 400 units direct materials. 58 per unit direct...
Dapple Company incurred the following costs while producing 400 units direct materials. 58 per unit direct labor, 522 per unit variable manufacturing overhead, 520 per unit total fixed manufacturing overhead costs $4,000, variable selling and administrative costs. 512 per unit total fixed selling and administrative costs. 53 200 There are no beginning inventories What is the unit product cost using absorption costing? O A 550 per unit OB. 580 per un OC. $60 per unit OD. 562 per un
Dexter Company incurred the following costs while producing 425 nits direct materials, 512 per unit direct...
Dexter Company incurred the following costs while producing 425 nits direct materials, 512 per unit direct labor, $26 per unitvariable manufacturing overhead. 517 per un total fixed manufacturing overhead costs $5.950 variable selling and administrative costs $2 per un totaled selling and administrative costs $3.400 There are no beginning inventories What is the operating income using absorption costing 1 425 units are sold for 5190 each? O A 547 880 OB. 539.440 OC. 547175 OD 538,530
Dude Company incurred the following costs while producing 520 units direct materials, 514 per un direct...
Dude Company incurred the following costs while producing 520 units direct materials, 514 per un direct labor $28 perunt variable manufacturing overhead. 518 per unit total fed manufacturing overhead costs. 58,840 variable selling and administrative costs $8 per un totaled selling and administrative costs 55200 There are no beginning inventories What is the unit product cost using variable costing? O A. $60 per unit OB. 595 per unit OC. 577 per una OD 568 per un
Which of the following costs is classified as a period cost under variable costing? O a....
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Compute conversion costs given the following data: Direct Materials, $389,100; Direct Labor, $206,000; Factory Overhead, $201,000...
Compute conversion costs given the following data: Direct Materials, $389,100; Direct Labor, $206,000; Factory Overhead, $201,000 and Selling Expenses, $45,200. a. $590,100 Ob. $796,100 Oc. $155,800 Od. $407,000
Compute conversion costs given the following data: direct materials, $367,700; direct labor, $204,900; factory overhead, $217,900...
Compute conversion costs given the following data: direct materials, $367,700; direct labor, $204,900; factory overhead, $217,900 and selling expenses, $40,600. a. $422,800 Ob. $177,300 Oc. $585,600 Od. $790,500
Compute conversion costs given the following data: direct materials, $369,400; direct labor, $194,400; factory overhead, $203,200...
Compute conversion costs given the following data: direct materials, $369,400; direct labor, $194,400; factory overhead, $203,200 and selling expenses, $39,800. Os. $767,000 Ob. $397,600 Oc. $572,600 Od. $163,400
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead,...
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead, $12,410. A total of 1,915 units were produced at a per-unit cost of Oa. $1,915 Ob $45.960 Oc. $33,550 Od $24 Direct labor and direct materials are Oa. period costs and expensed when incurred Ob. product costs and expensed when incurred Oc: period costs and expensed when the goods are sold Od product costs and expensed when the goods are sold
Doon Company incurred the following costs while producing 480 units direct materials. 511 per unit direct labor, 529 per unit variable manufacturing overhead. 518 per unit total feed manufacturing overhead costs, 57,680 variable selling and administrative costs, S4 per unit, total feed selling and administrative costs, S4320 There are no beginning inventories What is the ending balance in Finished Goods Inventory using variable costing if 440 units are sold? O A. $5,280 OB. $7.920 OC. 52.480 OD. $2,320
Dent Company incurred the following costs while producing 480 units direct materials. $14 per unit direct labor $25 per unit variable manufacturing overhead $13 per un total fed manufacturing overhead costs $7680 variable Selling and administrative costs $11 per un total fixed selling and administrative st. 54320. There are no beginning inventories What is the operating income using variable costing W 420 units are sold for 5120 each? OA $12.480 OB. 516.140 OC. 511520 OD. 523 520
Dapple Company incurred the following costs while producing 400 units direct materials. 58 per unit direct labor, 522 per unit variable manufacturing overhead, 520 per unit total fixed manufacturing overhead costs $4,000, variable selling and administrative costs. 512 per unit total fixed selling and administrative costs. 53 200 There are no beginning inventories What is the unit product cost using absorption costing? O A 550 per unit OB. 580 per un OC. $60 per unit OD. 562 per un
Dexter Company incurred the following costs while producing 425 nits direct materials, 512 per unit direct labor, $26 per unitvariable manufacturing overhead. 517 per un total fixed manufacturing overhead costs $5.950 variable selling and administrative costs $2 per un totaled selling and administrative costs $3.400 There are no beginning inventories What is the operating income using absorption costing 1 425 units are sold for 5190 each? O A 547 880 OB. 539.440 OC. 547175 OD 538,530
Dude Company incurred the following costs while producing 520 units direct materials, 514 per un direct labor $28 perunt variable manufacturing overhead. 518 per unit total fed manufacturing overhead costs. 58,840 variable selling and administrative costs $8 per un totaled selling and administrative costs 55200 There are no beginning inventories What is the unit product cost using variable costing? O A. $60 per unit OB. 595 per unit OC. 577 per una OD 568 per un
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Compute conversion costs given the following data: Direct Materials, $389,100; Direct Labor, $206,000; Factory Overhead, $201,000 and Selling Expenses, $45,200. a. $590,100 Ob. $796,100 Oc. $155,800 Od. $407,000
Compute conversion costs given the following data: direct materials, $367,700; direct labor, $204,900; factory overhead, $217,900 and selling expenses, $40,600. a. $422,800 Ob. $177,300 Oc. $585,600 Od. $790,500
Compute conversion costs given the following data: direct materials, $369,400; direct labor, $194,400; factory overhead, $203,200 and selling expenses, $39,800. Os. $767,000 Ob. $397,600 Oc. $572,600 Od. $163,400
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead, $12,410. A total of 1,915 units were produced at a per-unit cost of Oa. $1,915 Ob $45.960 Oc. $33,550 Od $24 Direct labor and direct materials are Oa. period costs and expensed when incurred Ob. product costs and expensed when incurred Oc: period costs and expensed when the goods are sold Od product costs and expensed when the goods are sold
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