Question
1. A tile manufacturer has supplied the following data: What's the company's unit contribution margin? a. $4.70 b. $0.42 c. $2.15 d. $2.55 2. Abis
1. A tile manufacturer has supplied the following data:
What's the company's unit contribution margin?
a. $4.70
b. $0.42
c. $2.15
d. $2.55
2. Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 80 units. The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete Material Costs $6,000 50% Conversion costs $9,900 30%
A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Material Costs $113,900 Conversion Costs $322,500
The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.
Note: Your answere may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least 3 decimal places.
the total cost transferred from the first processing department to the next processing department during the month is closest to: a. $512,700 b. $452,300 c. $420,414 d. $436,400
3.
Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 80 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Material Costs $6,000 50% Conversion costs $9,900 30%
A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Material Costs $113,900 Conversion Costs $322,500
The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.
Note: Your answere may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least 3 decimal places.
the total cost transferred from the first processing department to the next processing department during the month is closest to: a. $73,829 b. $18,457 c. $92,286 d. $31,891
Boxes of tiles produced and sold.. Sales revenue.. Variable manufacturing expense... Fixed manufacturing expense. Variable selling and administrative expense Fixed selling and administrative expense Net operating income.. 240,000 $1,128,000 $456,000 $320,000 $156,000 $96,000 $100,000Step by Step Solution
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