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

15/10/2021 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.

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 absorption costing.

Multiple Choice

窗体顶端

·

$62.00

·

$67.33

·

$59.00

·

$54.00

·

$57.00

窗体底端

25

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 of finished goods in inventory under absorption costing.

Multiple Choice

窗体顶端

·

$1,562,400

·

$1,041,600

·

$957,600

·

$1,436,400

·

$2,604,000

窗体底端

26

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 of finished goods in inventory under variable costing.

Multiple Choice

窗体顶端

·

$1,562,400

·

$2,604,000

·

$1,041,600

·

$1,436,400

·

$957,600

窗体底端

27

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, and the knowledge that the product is sold for $82 per unit and operating expenses are $370,000, compute the net income under absorption costing.

Multiple Choice

窗体顶端

·

$134,000

·

$50,000

·

$260,000

·

$335,160

·

$84,000

窗体底端

28

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, and the knowledge that the product is sold for $82 per unit and operating expenses are $370,000, compute the net income under variable costing.

Multiple Choice

窗体顶端

·

$50,000

·

$378,400

·

$134,000

·

$335,160

·

$84,000

窗体底端

29

Required information

[The following information applies to the questions displayed below.] Red and White Company reported the following monthly data:

Units produced

3,900

units

Sales price

$

44

per unit

Direct materials

$

8

per unit

Direct labor

$

9

per unit

Variable overhead

$

10

per unit

Fixed overhead

$

8,970

in total

What is Red and White's contribution margin for this month if 1,170 units were sold?

Multiple Choice

窗体顶端

·

$171,600

·

$51,480

·

$19,890

·

$39,780

·

$66,300

窗体底端

30

Required information

[The following information applies to the questions displayed below.] Red and White Company reported the following monthly data:

Units produced

3,900

units

Sales price

$

44

per unit

Direct materials

$

8

per unit

Direct labor

$

9

per unit

Variable overhead

$

10

per unit

Fixed overhead

$

8,970

in total

What is Red and White's net income under absorption costing if 1,170 units are sold and selling and administrative expenses are $14,200?

rev: 06_14_2018_QC_CS-128902

Multiple Choice

窗体顶端

·

$10,920

·

$2,999

·

$5,690

·

($1,330)

·

($3,280)

窗体底端

31

Required information

[The following information applies to the questions displayed below.] Red and White Company reported the following monthly data:

Units produced

3,900

units

Sales price

$

44

per unit

Direct materials

$

8

per unit

Direct labor

$

9

per unit

Variable overhead

$

10

per unit

Fixed overhead

$

8,970

in total

What is Red and White's net income under variable costing if 1,170 units are sold and operating expenses are $14,200?

Multiple Choice

窗体顶端

·

$5,690

·

($3,280)

·

($1,330)

·

$2,999

·

$10,920

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:

Write My Coursework
24/7 Assignment Help
Finance Master
Essay Writing Help
Coursework Helper
Best Coursework Help
Writer Writer Name Offer Chat
Write My Coursework

ONLINE

Write My Coursework

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$42 Chat With Writer
24/7 Assignment Help

ONLINE

24/7 Assignment Help

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$19 Chat With Writer
Finance Master

ONLINE

Finance Master

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$43 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$40 Chat With Writer
Coursework Helper

ONLINE

Coursework Helper

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$45 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

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

$22 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

Chemistry data booklet vcaa - Bridget jones boat scene - Follow the Assignment instructions - Ncea level 2 calculus - Patho - Uses of double displacement reaction - Ht22 cell culture protocol - Imperial Republic Discussion - Tracker software pdf xchange pro - Building shared services at rr communications case study - Retirement Planning & Investment Planning - The 500 kg load on the hydraulic lift shown - Medtronic reveal xt 9529 mri safe - Case study on performance appraisal with questions and answers - E studio 2505f driver - Cloud Computing - Hhmi biointeractive virus explorer answer key - Cross cultural essay topics - Target corporation capital budgeting case study solution - Barbara dossey theory of integral nursing - Letter to school board from parent - Environmental health and safety paper - Chemthink ionic bonding tutorial answers - Boston scientific latitude cellular adapter - Ancient greek newspaper project examples - No plagiarism/ must be original/ scholarly resources 2015 - Feast watson tung oil - Term Presentation and Paper - Environment, Technology and Culture - Elements of art worksheet - Travelbook ph extranet - Help in writing letter and user manual - In a team structure ________ - Custom ultrasonics endoscope reprocessor - Farinelli movie download - Grouping in pairs factorising - White 5 red 8 and blue 1 - Art 330 essay - Reading discussion - Nursing (Due 20 hours) - Temple university starbucks hours - Stupid zombies chapter 2 stage 4 level 39 - Frontier leasing corp v links engineering - I need 1500 words in develop plan and goals for myself - Australian standard as/nas 2918 - ?same-day 0833173182 SALITJE & HEREFORD ABORTION CLINIC // PILLS,,,, - Maroubra neighbourhood children's centre - Unsex me here literary device - Case analysis - Easi joist span table - Confined space training presentation - The book of obadiah relates the doom of nineveh - Does rap stand for rhythm and poetry - Voltage regulation of alternator by emf method - Film segmentation example - Hospital case mix index calculation - Transaction exposure and economic exposure - Caesium chloride balanced equation - As3000 earth stake depth - Circuit diagram symbols pdf - Audi r8 light blue - Sean mcdowell real life - Vitamin water contest winner - Security Architecture & Design - The nine cell industry attractiveness competitive strength matrix - Consider the following uneven cash flow stream - Programming with microsoft visual basic answer key - Discussion - IW2D1 - You can insert ____ different kinds of pictures into powerpoint - Asap lss - Board paper executive summary - The mask you live in reflection paper - Ask Questions - Normal vs inferior good - Gratitude letter to parents - Introduction to management syllabus - A project manager has compiled a list of major activities - Thermometric titration experiment discussion - Shrine of our lady of mercy - Rules for stability of resonance structures - Harvard business marketing simulation tips - The penny debate by brad andrews - Lagrange error bound proof - True 700 soft system treadmill - When was attila the hun born - Charlotte's web chapter 19 summary - Fall protection specification section - Sure safe 20es manual - Moving data from teradata to hadoop - Kiss earth and environmental science - Disputed moral issues 3rd edition - Civil 3d section editor - 500 word essay APA style - Program and Career Exploration in Technology - Link box with svl - Sodium bicarbonate is reacted with concentrated hydrochloric acid - Offensive and defensive strategies in strategic management - Lesson 10.3 two way tables answer key - Csi wildlife analyzing genetic evidence