Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Sea company reports the following information regarding its production cost

22/11/2021 Client: muhammad11 Deadline: 2 Day

Managerial Accounting

Jeter Corporation had net income of $216,000 based on variable costing. Beginning and ending inventories were 6,400 units and 10,800 units, respectively. Assume the fixed overhead per unit was $6 for both the beginning and ending inventory. What is net income under absorption costing?

Multiple Choice

窗体顶端

·

$242,400

·

$216,000

·

$319,200

·

$268,800

·

$280,800

窗体底端

2

Alexis Co. reported the following information for May:

Part A

Units sold

5,600

units

Selling price per unit

$

860

Variable manufacturing cost per unit

550

Sales commission per unit - Part A

86

What is the manufacturing margin for Part A?

Multiple Choice

窗体顶端

·

$3,080,000

·

$1,254,400

·

$4,334,400

·

$1,736,000

窗体底端

3

Sea Company reports the following information regarding its production cost.

Units produced

56,000

units

Direct labor

$

49

per unit

Direct materials

$

42

per unit

Variable overhead

$

31

per unit

Fixed overhead

$

119,000

in total

Compute the product cost per unit under variable costing.

Multiple Choice

窗体顶端

·

$124.13

·

$122.00

·

$49.00

·

$91.00

·

$42.00

窗体底端

4

Brush Industries reports the following information for May:

Sales

$

1,000,000

Fixed cost of goods sold

120,000

Variable cost of goods sold

270,000

Fixed selling and administrative costs

120,000

Variable selling and administrative costs

145,000

Calculate the operating income for May under absorption costing.

Multiple Choice

窗体顶端

·

$585,000

·

$610,000

·

$730,000

·

$345,000

窗体底端

5

Shore Company reports the following information regarding its production cost.

Units produced

31,000

units

Direct labor

$

26

per unit

Direct materials

$

27

per unit

Variable overhead

$

283,000

in total

Fixed overhead

$

97,920

in total

Compute product cost per unit under absorption costing.

Multiple Choice

窗体顶端

·

$65.29

·

$27.00

·

$62.00

·

$53.00

·

$26.00

窗体底端

6

Accurate Metal Company sold 35,500 units of its product at a price of $320 per unit. Total variable cost per unit is $175, consisting of $166 in variable production cost and $9 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.

Multiple Choice

窗体顶端

·

$6,212,500

·

$6,532,000

·

$5,147,500

·

$11,360,000

·

$5,467,000

窗体底端

7

Decko Industries reported the following monthly data:

Units produced

64,000

units

Sales price

$

45

per unit

Direct materials

$

2.70

per unit

Direct labor

$

3.70

per unit

Variable overhead

$

4.70

per unit

Fixed overhead

$

235,200

in total

What is the company's contribution margin for this month if 62,000 units were sold?

Multiple Choice

窗体顶端

·

$2,169,600

·

$2,101,800

·

$2,880,000

·

$2,393,200

·

$2,790,000

窗体底端

8

Alexis Co. reported the following information for May:

Part A

Units sold

5,800

units

Selling price per unit

$

950

Variable manufacturing cost per unit

600

Sales commission per unit - Part A

95

What is the contribution margin for Part A?

Multiple Choice

窗体顶端

·

$2,030,000

·

$1,479,000

·

$3,480,000

·

$4,959,000

窗体底端

9

Given the following data, calculate product cost per unit under absorption costing.

Direct labor

$

13

per unit

Direct materials

$

7

per unit

Overhead

Total variable overhead

$

26,000

Total fixed overhead

$

96,000

Expected units to be produced

46,000

units

Multiple Choice

窗体顶端

·

$24.00 per unit

·

$20.57 per unit

·

$22.09 per unit

·

$22.65 per unit

·

$20.00 per unit

窗体底端

10

Brush Industries reports the following information for May:

Sales

$

960,000

Fixed cost of goods sold

112,000

Variable cost of goods sold

262,000

Fixed selling and administrative costs

112,000

Variable selling and administrative costs

137,000

Calculate the gross margin for May under absorption costing.

Multiple Choice

窗体顶端

·

$586,000

·

$361,000

·

$585,000

·

$698,000

窗体底端

11

Geneva Co. reports the following information for July:

Sales

$

783,000

Variable costs

236,000

Fixed costs

111,000

Calculate the contribution margin for July.

Multiple Choice

窗体顶端

·

$436,000

·

$672,000

·

$783,000

·

$547,000

窗体底端

12

Kluber, Inc. had net income of $916,000 based on variable costing. Beginning and ending inventories were 56,600 units and 55,200 units, respectively. Assume the fixed overhead per unit was $2.05 for both the beginning and ending inventory. What is net income under absorption costing?

Multiple Choice

窗体顶端

·

$801,405

·

$910,260

·

$1,030,595

·

$913,130

·

$916,000

窗体底端

13

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per unit, Direct labor, $4 per unit, Variable overhead, $5 per unit, and Fixed overhead, $234,000. The company produced 26,000 units, and sold 18,000 units, leaving 8,000 units in inventory at year-end. What is the value of ending inventory under variable costing?

Multiple Choice

窗体顶端

·

$120,000

·

$234,000

·

$72,000

·

$192,000

窗体底端

14

Hayes Inc. provided the following information for the current year:

Beginning inventory

120

units

Units produced

770

units

Units sold

813

units

Selling price

$

170

/unit

Direct materials

$

37

/unit

Direct labor

$

18

/unit

Variable manufacturing overhead

$

17

/unit

Fixed manufacturing overhead

$

26,180

/yr

Variable selling/administrative costs

$

10

/unit

Fixed selling/administrative costs

$

17,500

/yr

What is the unit product cost for the year using absorption costing?

Multiple Choice

窗体顶端

·

$106

·

$104

·

$82

·

$72

窗体底端

15

Urban Company reports the following information regarding its production cost:

Units produced

33,000

units

Direct labor

$

26

per unit

Direct materials

$

31

per unit

Variable overhead

$

233,000

in total

Fixed overhead

$

123,000

in total

Compute production cost per unit under variable costing.

Multiple Choice

窗体顶端

·

$57.00

·

$60.73

·

$64.06

·

$26.00

·

$31.00

窗体底端

16

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $189,000. The company produced 21,000 units, and sold 15,500 units, leaving 5,500 units in inventory at year-end. What is the value of ending inventory under absorption costing?

Multiple Choice

窗体顶端

·

$49,500

·

$115,500

·

$189,000

·

$66,000

窗体底端

17

Hayes Inc. provided the following information for the current year:

Beginning inventory

250

units

Units produced

900

units

Units sold

957

units

Selling price

$

300

/unit

Direct materials

$

50

/unit

Direct labor

$

31

/unit

Variable manufacturing overhead

$

30

/unit

Fixed manufacturing overhead

$

42,300

/yr

Variable selling/administrative costs

$

23

/unit

Fixed selling/administrative costs

$

30,500

/yr

What is the unit product cost for the year using variable costing?

Multiple Choice

窗体顶端

·

$111

·

$134

·

$158

·

$202

窗体底端

18

Chance, Inc. sold 5,000 units of its product at a price of $172 per unit. Total variable cost per unit is $131, consisting of $92 in variable production cost and $39 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.

Multiple Choice

窗体顶端

·

$400,000

·

($450,000)

·

$460,000

·

$860,000

·

$655,000

窗体底端

19

Front Company had net income of $92,500 based on variable costing. Beginning and ending inventories were 2,800 units and 5,200 units, respectively. Assume the fixed overhead per unit was $8.90 for both the beginning and ending inventory. What is net income under absorption costing?

Multiple Choice

窗体顶端

·

$71,140

·

$21,300

·

$93,900

·

$163,700

·

$113,860

窗体底端

20

Sea Company reports the following information regarding its production costs:

Units produced

58,000

units

Direct labor

$

51

per unit

Direct materials

$

44

per unit

Variable overhead

$

33

per unit

Fixed overhead

$

145,000

in total

Compute the product cost per unit under absorption costing.

Multiple Choice

窗体顶端

·

$51.00

·

$44.00

·

$130.50

·

$128.00

·

$95.00

窗体底端

21

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $363,000. The company produced 33,000 units, and sold 27,000 units, leaving 6,000 units in inventory at year-end. Income calculated under variable costing is determined to be $385,000. How much income is reported under absorption costing?

Multiple Choice

窗体顶端

·

$319,000

·

$385,000

·

$451,000

·

$748,000

窗体底端

22

Reliance Corporation sold 5,100 units of its product at a price of $26 per unit. Total variable cost per unit is $14.00, consisting of $13.30 in variable production cost and $0.70 in variable selling and administrative cost. Compute the contribution margin for the company.

Multiple Choice

窗体顶端

·

$67,830

·

$74,970

·

$61,200

·

$71,400

·

$132,600

窗体底端

23

Required information

[The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year

42,000

units

Units sold this year

25,200

units

Direct materials

$

26

per unit

Direct labor

$

28

per unit

Variable overhead

$

126,000

in total

Fixed overhead

$

210,000

in total

Given Advanced Company's data, compute cost per unit of finished goods under variable costing.

Multiple Choice

窗体顶端

·

$54.00

·

$59.00

·

$57.00

·

$62.00

·

$55.88

窗体底端

24

Required information

[The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Financial Hub
Top Essay Tutor
WRITING LAND
Writing Factory
Quick N Quality
Financial Analyst
Writer Writer Name Offer Chat
Financial Hub

ONLINE

Financial Hub

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$19 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$32 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$28 Chat With Writer
Writing Factory

ONLINE

Writing Factory

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$28 Chat With Writer
Quick N Quality

ONLINE

Quick N Quality

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$31 Chat With Writer
Financial Analyst

ONLINE

Financial Analyst

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$46 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Pilots armstrong and miller - 137b of the building act 1993 - Coca cola mission statement and vision - Biology - Assign the selected task to john with a due date - Bjt output characteristics graph - Uber Question - Philosophy - Parking at royal melbourne hospital - Call me ishmael some years ago - Concepts and theories in nursing - Evaluation tool of children's handwriting pdf - A balloon rubbed against denim gains - Case Study (for Dr. Noorfatima) - 1 samuel 2 12 17 - Hornady pacific powder bushing chart - Annotated Bibliography - Essay - 00000 called me - Production simulation exercise - A group of college students believes that herbal tea - CASES CASE 35 CIRQUE DU SOLEIL* The founder of Cirque du Soleil, Guy Laliberté, after see- ing the firm’s growth prospects wane in recent years, was thinking about expanding his firm in new directions. For three decades, the firm had reinvented and revolutionized the circus. From its beginning in 1984, Cirque de Soleil had thrilled over 150 million spectators with a novel show concept that was as original as it was nontraditional: an astonishing theatrical blend of circus acts and street enter- tainment, wrapped up in spectacular costumes and fairy- land sets and staged to spellbinding music and magical lighting. Cirque du Soleil’s business triumphs mirrored its high- flying aerial stunts, and it became a case study for business school journal articles on carving out unique markets. But following a recent bleak outlook report from a consultant, a spate of poorly received shows over the last few years, and a decline in profits, executives at Cirque said they were now restructuring a - Breckinridge school of nursing earth city mo - Merchant of venice act 1 scene 1 2 3 summary - Carlill v carbolic smoke ball co [1893] 1 qb 256. - Human Services Essay - Wmu math tutor lab - Health and safety risk register template - Eagle alliance earthmoving pty ltd - Iec 60034 6 method of cooling - Lesson 11.1 skills practice producing and selling t shirts answers - Clean cleaner cleanest grammar - Anthracene and maleic anhydride product - Nonmaleficence case study - Hau lee supply chain uncertainty framework - Master of tax monash - Cigweld transtig 200 ac/dc - Anchors of organizational behavior knowledge - Hillcrest school morristown nj - Who can complete this by 11:30pm tonight? - ORGANIZATION POWER AND POLITICS - Principles of service marketing and management lovelock - Remember the titans context - Borderline personality disorder - Information systems infrastructure evolution and trends articles - Stars hide your fires analysis - How can you tell a dogwood tree e 28 answers - CMGT/445: KNOWLEDGE CHECK: Week 5 - Fiona tomorrow when the war began - Discussion - Forecasting example problems with solutions - Assignment - Useless demonstration of hunger marchers crossword - Formula for moment of inertia of flywheel - Animal crossing new leaf duplication glitch solo - Was ned kelly a hero - Kin boutique by cong tri - Tyne metropolitan college jobs - Time value of money worksheet answers - Www ucmp berkeley edu exhibits historyoflife php - Operations management simulation process analytics solutions - Computer networking projects on packet tracer - Why would banquo prefer not to sleep - The spot price of the market index is - John butler trio facts - Hokkienese - Celestron powerseeker 127eq setup - Richard longman peugeot engines - Chuck close big self portrait 1967 68 - The cask of amontillado article - Business Ethics - Article - The ideal of “cuba libre” encompassed independence from spain and - 4.2 divided by 2 - The premature burial summary - Under armour position in the market - What is preliminary investigation in software engineering - Virginia henderson definition of nursing - William william henry stephen henry richard john - Five guys burgers owners - Townsville flexible learning centre - 3d shape properties sheet 5 answers - Safe work method statement for lawn mowing - Phet pendulum lab worksheet - Production of bioethanol from waste newspaper - For anyone - How old is parvana - What is the company's total contribution margin under variable costing - War is where the young and stupid are tricked - Christianity Movie reflection #2 - Push pull workout pdf - Magazine cover dimensions photoshop - Rat dissection lab report answers - Niche differentiation capsim - Kramer and knox began a partnership by investing - Molecular geometry lab answers - 1.4 3 quiz communication strategies - Which artist is credited with inventing the tenebroso technique - Volume to Value: Executive Brief - Current trends and integrative models of family therapy - Project-new