Fill in the blank choices for questions 22-26:
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
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Homework Answers
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Fill in the blank choices for questions
22-26:
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct...
(Fill in the blank Choices) for: (Question 6)(Question 9) Administrative Beginning Contribution Cost driver Direct...
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
1. Question: Selling and administrative costs are often called __________ costs and are __________ as incurred....
1. Question: Selling and administrative costs are often called __________ costs and are __________ as incurred. Fill in the blank choices for question Administrative Beginning Contribution Cost driver Direct labor Direct labor-hours Direct materials Dollars of direct labor cost Ending Expensed Fixed Fixed manufacturing overhead For the period ended Income statement Indirect labor Indirect materials Job cost Level of activity Machine-hours Manufacturing Manufacturing overhead Margin Name of company Overapplied Period Predetermined overhead rate Process cost Selling Statement of cost of...
Which of the following statements is true? Ι ο Under variable costing, direct materials and direct...
Which of the following statements is true? Ι ο Under variable costing, direct materials and direct labor are expensed as period expenses. ο Under variable costing, fixed manufacturing overhead is expensed as period expenses. ο Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing. ο Reported income under absorption costing is not affected by production level changes. ο Under absorption costing, fixed manufacturing overhead is expensed as period expenses.
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor,...
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.Absorption Costing and The concept that considers the cost of products manufactured to be composed only of those manufacturing costs that increase or decrease as the volume of production rises or falls (direct materials, direct labor, and variable factory overhead).Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated...
having trouble with numbers 26-28 in question? A) S1,900.000 B) $2.800.000 $1,300,000 D1 31.100,000 E) $1,700,000...
having trouble with numbers 26-28
in question? A) S1,900.000 B) $2.800.000 $1,300,000 D1 31.100,000 E) $1,700,000 - Henderson Co. has fixed costs of $16,000 and a contribution margin ratio of 247 expected sales are $200,000, what is the margin of safety as a percent of sales A) 6%. 000 - 50,000 25%. C) 3396 - 200000 D) 50% sovo - 25% E) 759 700,000 25) Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break...
please help awnser these questions. Describe what a fixed cost is, compared to a curvilinear cost,...
please help awnser these questions. Describe what a fixed cost is, compared to a curvilinear cost, variable cost, stepwise cost, etc. Describe what a variable cost is and what it is not, when compared to other costs. Describe in detail what a curvilinear cost is and what it is not, when compared to other costs. Describe what a step-wise cost is, and what it is not, when compared to other costs. Describe what a mixed cost is, and what it...
Assuming that direct labor is a variable cost, product costs under variable costing include only: direct...
Assuming that direct labor is a variable cost, product costs under variable costing include only: direct materials and direct labor direct materials, direct labor and variable manufacturing overhead direct materials, direct labor, variable manufacturing overhead, and variable selling and administrative expenses direct materials, variable manufacturing overhead, and variable selling and administrative expenses
The following data are for the current year: Sales $700,000 Direct materials 250,000 Direct labor cost...
The following data are for the current year: Sales $700,000 Direct materials 250,000 Direct labor cost 90,000 Variable manufacturing overhead 30,000 Fixed direct manufacturing overhead 38,000 Variable selling and admin expenses 40,000 Fixed indirect selling and admin expenses 130,000 All variable costs are direct costs. Prepare an income statement showing contribution margin, contribution to indirect expenses and net income.
RefreshAde produced 11,000 cases of powdered drink mix and sold 9,000 cases in April 2018. The...
RefreshAde produced 11,000 cases of powdered drink mix and sold 9,000 cases in April 2018. The sales price was $22, variable costs were $8 per case ($6 manufacturing and $2 selling and administrative), and total fixed costs were $75,000 ($55,000 manufacturing overhead and $20,000 selling and administrative). The company had no beginning Finished Goods Inventory. RefreshAde calculated the cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30 using both the...
The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to pick are Beginning Inventory,
Contribution Margin, Cost of Goods Manufactured, Ending inventory,
Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
Which of the following statements is true? Ι ο Under variable costing, direct materials and direct labor are expensed as period expenses. ο Under variable costing, fixed manufacturing overhead is expensed as period expenses. ο Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing. ο Reported income under absorption costing is not affected by production level changes. ο Under absorption costing, fixed manufacturing overhead is expensed as period expenses.
having trouble with numbers 26-28
in question? A) S1,900.000 B) $2.800.000 $1,300,000 D1 31.100,000 E) $1,700,000 - Henderson Co. has fixed costs of $16,000 and a contribution margin ratio of 247 expected sales are $200,000, what is the margin of safety as a percent of sales A) 6%. 000 - 50,000 25%. C) 3396 - 200000 D) 50% sovo - 25% E) 759 700,000 25) Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break...
The following data are for the current year: Sales $700,000 Direct materials 250,000 Direct labor cost 90,000 Variable manufacturing overhead 30,000 Fixed direct manufacturing overhead 38,000 Variable selling and admin expenses 40,000 Fixed indirect selling and admin expenses 130,000 All variable costs are direct costs. Prepare an income statement showing contribution margin, contribution to indirect expenses and net income.
RefreshAde produced 11,000 cases of powdered drink mix and sold 9,000 cases in April 2018. The sales price was $22, variable costs were $8 per case ($6 manufacturing and $2 selling and administrative), and total fixed costs were $75,000 ($55,000 manufacturing overhead and $20,000 selling and administrative). The company had no beginning Finished Goods Inventory. RefreshAde calculated the cost per unit and the total cost of the 2,000 cases in Finished Goods Inventory as of April 30 using both the...
The options it allows you to pick are Beginning Inventory,
Contribution Margin, Cost of Goods Manufactured, Ending inventory,
Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
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