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CSU / Accounting / ACCT 222 / a manufacturing company that produces a single product has provided th

a manufacturing company that produces a single product has provided th

a manufacturing company that produces a single product has provided th

Description


$79,200 What is the total period cost for the month under variable costing?




$7,200 What is the total period cost for the month under absorption costing?




What is the absorption costing unit product cost for the month?



12. Crumbley Inc. produces and sells two products. Data concerning those products for the most recent month appear below total Product W43] Product P24R Sales $16,000 $48,000 64000 Variable expenses $5,920 $7,520 13 440 10080 40400 50560 Fixed expenIf you want to learn more check out passavant's pad
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ses for the entire company were $42,760 A. What is the sales mix percentage for W43]_25°10 and P24R_7570 B. What is the total company CM ratio _ 7970 Study SA C. Determine the overall break-even point for the company in total sales dollars $ 54.126.58 A 16000 2.25 64000 48000 00 2.75 604000 BCM Ratio - om sales 50560 74000 7.79 C. dollar foier = fixed breakeven cm Ratio 42760 79 59126.58 CHAPTER 6 1. Under absorption costing, product costs include Variable manufacturing overhead Fixed manufacturing overhead Yes No Yes No Yes No No Yes A. Option A B. Option B C. Optionc D. Option D 2. Which of the following costs at a manufacturing company would be treated as a product cost under both absorption costing and variable costing? Variable manufacturing overhead Variable selling and administrative expenses Yes Yes Yes No Yes No No No A. Option A (B. Option B C . Option C D. Option D 3. Under absorption costing, fixed manufacturing overhead costs (A. Are deferred in inventory when production exceeds sales B. Are always treated as period costs C. Are released from inventory when production exceeds sales D. Are ignored 4. Under variable costing, fixed manufacturing overhead is A. Carried in a liability account B. Carried in an asset account C. Ignored D. Expensed as a period cost 5. The term gross margin is used into reports prepared using A. Both absorption costing and variable costing (B.) Absorption costing but not variable costing C. Variable costing but not absorption costing D. Neither variable costing nor absorption costing 6. George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the number of units sold, then net operating income under the absorption method for the year will A. Be equal to the net operating income under variable costing (B. Be greater than the net operating income under variable costing Be equal to the net operating income under variable costing plus total fixed manufacturing costs D. Be equal to the net operating income under variable costing less total fixed manufacturing costs 7. When using data from a segmented income statement, the dollar sales for the company to break even overall is equal to A. (Allocated fixed expenses + traceable fixed expenses) / Overall CM ratio B. (Traceable fixed expenses + common fixed expenses) / Overall CM ratio C. (Non-traceable fixed expenses + common fixed expenses) / Overall CM ratio D. (Traceable fixed expenses) / Overall CM ratio 8. Sharron Inc., which produces a single product, has provided the following data for its most event month of operations 3,000 $91 $13 Number of units produced Variable cost per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $7 $6 $237,000 $165,000 There were no beginning or ending inventories. The variable costing unit product cost was A. $111 per unit B. $190 per unit C. $117 per unit D. $110 per unit 9. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Units in beginning inventory Units produced Units sold Units in ending inventory 7,300 7,200 100 $29 $49 $5 - Variable cost per unit: SOUN. Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $4 $94,900 $79,200 What is the absorption costing unit product cost for the month? A. $96 per unit B. $83 per unit C. $87 per unit D. $100 per unit 914000 17300 - 13 10. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price $132 0 Units in beginning inventory Units produced Units sold Units in ending inventory 1,100 800 300 $48 $17 Variable cost per unit: Direct materials Direct labor Variable manufacturing overhead $2 Variable selling and administrative expenses $4 4 X800-3200 Fixed costs: + 7200 Fixed manufacturing overhead $39,600 10 400 Fixed selling and administrative expense $7,200 What is the total period cost for the month under absorption costing? A. $50,000 B. $7,200 C. $39,600 (D. $10,400 B. » 11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price $93 Units in beginning inventory Units produced Units sold Units in ending inventory 4,500 4,400 100 $2 Variable cost per unit: Direct materials $20 Direct labor $31 Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead $45,000 Fixed selling and administrative expense $79,200 What is the total period cost for the month under variable costing? B. $124,200 B. $123,200 C. $168,200 $10 10x 4400 - 44000 + 45000 +79200 108 200 D. $45,000 12. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price $112 Units in beginning inventory Units produced Units sold Units in ending inventory 5,500 5,300 200 $33 $377 $15. Variable cost per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $5 $6 $71,500 71500/5500 - 13 $71,500 $79,500 What is the net operating income or the month under absorption costing? A. $2,600 (B. $15,900 C. ($1,700) D. $13,300 2,900 fixea per unit sales COGS GM SGA-var SGA - fixed NOU 593600 (5300x112) 406400 (13+75 - 88x5300) 127200 31800 16x5300) 79.500 15900 13. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations Selling price $126 Units in beginning inventory Units produced Units sold Units in ending inventory 3,100 3,000 100 $221 $43 168×3000 $3 Variable cost per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $10 10x3000 $89,900 $42,000 What is the net operating income or the month under variable costing? A. $15,000 B. $12,100 C. $2,900 D. $5,300 sales 378000 var-pro 204000 var-per 30000 CM 144000 fix - pro 89900 fix- per 42000 NO 12100 14. Yuvil Corporation produces a single product. At the end of the company's first year of operations 1,000 units of inventory remained on hand. Its variable manufacturing overhead cost is $45 per unit and its fixed manufacturing overhead cost is $10 per unit. Yuvil's absorption costing net operating income would be higher than its variable costing net operating income by A. $0 B. $10,000 C. $35,000 D. $45,000 10 x 1000-10000 15. Denner Corporation has two divisions, A and B. The following data pertain to operations in October Division A Division B Sales $90,000 $150,000 Variable expense as a percentage of sales 163000 70% 9000060% Segment margin $2,000 $23,000 27000 60000 If common fixed expenses were $31,000 total fixed expenses were A. $31,000 B. $62,000 (C. $93,000 D. $52,000 sales 90000 total fix 93000 150000 var 63000 90000 cm 27000 00000 fix 25 000 37000 62000 23000 common 31000 16. Quinnett Corporation has two divisions the Export Products Division and the Business Products Division. The Export Products Division's divisional segment margin is $34,300 and the Business Products Division's divisional segment margin is $86,700. The total ou amount of common fixed expenses not traceable to the individual division is $95,600. What is the company's net operating income? A. $216,600 B. $121,000 (C. $25,400 D. ($121,000) 34300 + 86700 - 121000 - 95000 25 400 17. Channing Corporation has two divisions, C and D. The overall company contribution margin ratio is 30% with sales in the two divisions totaling $750,000. If variable expenses are $450,000 in Division C and if Division C's contribution margin ratio is 25% then sales in Division D must be A. $75,000 B. $225,000 C. $150,000 D. $300,000 overal csaur cm=. s-600000 750 000-600000 = 225 000 V - 450000 a CM = 150 000 1500000 sous cm cm Ratio: 307.

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