1.

Corio Corporation reports that at an activity level of 4,400 units, its total variable cost is $283,096 and its total fixed cost is $136,710.

Required:

For the activity level of 4,500 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range.(Round your "Average cost" to 2 decimal places and other answers to the nearest dollar amount.)

(a)

Total variable cost

$

(b)

Total fixed cost

$

(c)

Total cost

$

(d)

Average variable cost

$

per unit

(e)

Average fixed cost

$

per unit

(f)

Average total cost

$

per unit

2.

Lettman Corporation has provided the following partial listing of costs incurred during November:

Marketing salaries	$	54,500
Property taxes, factory	$	12,500
Administrative travel	$	103,400
Sales commissions	$	53,800
Indirect labor	$	43,700
Direct materials	$	171,900
Advertising	$	140,300
Depreciation of production equipment	$	41,400
Direct labor	$	93,400

Required:

a.	What is the total amount of product cost listed above?

Total product cost

$

b.	What is the total amount of period cost listed above?

Total period cost

$

3.

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

		Amount
Total sales revenue	$	1,271,000
Selling price per pair of skis	$	410
Variable selling expense per pair of skis	$	47
Variable administrative expense per pair of skis	$	18
Total fixed selling expense	$	160,000
Total fixed administrative expense	$	105,000
Beginning merchandise inventory	$	60,000
Ending merchandise inventory	$	110,000
Merchandise purchases	$	305,000

Required:
1.	Prepare a traditional income statement for the quarter ended March 31.

2. Prepare a contribution format income statement for the quarter ended March 31.

3.What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter?(Round your final answer to nearest whole dollar amount.)

From: Mike Schepers Date: Thu, 10 Mar 2016 09 48 15 -0600 To: My Goegous Wife! CC: Subject