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

Shore company reports the following information regarding its production cost.

09/11/2020 Client: arwaabdullah Deadline: 3 days

1

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

窗体底端

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:

Buy Coursework Help
Quality Homework Helper
Custom Coursework Service
Finance Homework Help
Writer Writer Name Offer Chat
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$122 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$122 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

Hey, Hope you are doing great :) I have read your project description. I am a high qualified writer. I will surely assist you in writing paper in which i will be explaining and analyzing the formulation and implementation of the strategy of Nestle. I will cover all the points which you have mentioned in your project details. I have a clear idea of what you are looking for. The work will be done according to your expectations. I will provide you Turnitin report as well to check the similarity. I am familiar with APA, MLA, Harvard, Chicago and Turabian referencing styles. I have more than 5 years’ experience in technical and academic writing. Please message me to discuss further details. I will be glad to assist you out.

$115 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I have a Master’s degree and experience of more than 5 years in this industry, I have worked on several similar projects of Research writing, Academic writing & Business writing and can deliver A+ quality writing even to Short Deadlines. I have successfully completed more than 2100+ projects on different websites for respective clients. I can generally write 10-15 pages daily. I am interested to hear more about the project and about the subject matter of the writing. I will deliver Premium quality work without Plagiarism at less price and time. Get quality work by awarding this project to me, I look forward to getting started for you as soon as possible. Thanks!

$115 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

59 nestor avenue bardon qld 4065 - Data and statistics unit test - Solar farm single line diagram - Ramirez company installs a computerized manufacturing machine - Management leading & collaborating in a competitive world - Tungsten copper phase diagram - Liquid methanol is fed to a space heater - Project - Is everyone really equal review - Allergy asthma & sinus center judge gurdev md - The eagle of zeus - Madd classes in arkansas - Detention pond routing spreadsheet - A person or group dissatisfied with the decision of the florida supreme court - The brief and frightening reign of phil sparknotes - Track software inc integrative case 2 - Mount stuart memorial hall - List of ee cummings poems - Business administration Week 2 - Models for writers short essays for composition 13th edition pdf - Titration gizmo answer key activity a - Project Management - Kellogg's supply chain case study - Respondo nano - Arctan odd or even - Rate of fermentation of yeast experiment - 600 word Research paper due Friday Midnight - One step backward taken robert frost - Merchants of doubt study guide - Persuasive speech on honey bees - Zelda phantom hourglass maze island - 1 mile walk test chart - Nottingham trent foundation year - White Like Me - Wise - Spanish tenses cheat sheet - Rats in the ranks documentary - Incomplete combustion of butane equation - 1.1 as a fraction - Duke energy ohio cost per kwh - A(n) _____ is a technique that uses a common yardstick to measure and compare vendor ratings. - Channel 538 on directv - Ikea printed electronics open innovation challenges - PSY 361 -2 - Project cost and time managment - Week 4 Assignment: Essay – The Holocaust - 144 pottery road lenah valley - Presentation/ Paper on Movie batman Returns - Station nightclub fire video unedited - Osha safety pays estimator - Star software inc marketing plan - Race is a four letter word teja arboleda - Programmed health professionals mylo login - Medical cover letter template - Are bick's pickles made in canada - Busschaert racing pigeons for sale - Native bees blue mountains - MBA515 Week 1 Discus1 - An electric motor worksheet answers - 2 page paper - 82.4 kg in stone - Case Study 1: The Curious Case of Gary McKinnon - Mgfextra - Chinese lion dance meaning - Unit 3 - NEED IN 7 HOURS or LESS - Writing Leadership - Seal skin wetsuits penrith - Communication - 1 2-dichlorobutane structural formula - Business rules must be rendered in writing - Words per minute calculator - Seven step decision model - Sama veda shanmukha sharma - 66 pius st apt l101 pittsburgh pa 15203 - Smart board 8055i software - Numbers 1-20 in french - Spelling city com student login - Charles knight finance reviews - Ict year 10 coursework - Letter from birmingham jail critical thinking questions answers - Lord of the flies discussion questions - Cisco cms recording license - Calculate the payback period for the proposed investment - When does h&m get new shipments - Cvi coffee maker - Order 2147297: Do you think GMO food should be banned? - Mandy smith mother patsy - Fantastic mr fox excerpt - 8 bit parity generator - Cis 510 1 - Pexa transfer to beneficiary - TLASGN8 - Phillip witt president of witt input devices - Manor farm junior school - Safety assessment test answers - Acts of the apostles quiz questions and answers - Job offer comparison template - Pass the hoop leadership game - Carol layton balanced equine - Sir lancelot rides slowly out of the castle