Question
1. Corporation reports that at an activity level of 9,300 units, its total variable cost is $669,600 and its total fixed cost is $96,650. What
1. Corporation reports that at an activity level of 9,300 units, its total variable cost is $669,600 and its total fixed cost is $96,650. What would be the total cost, both fixed and variable, at an activity level of 9,500 units? Assume that this level of activity is within the relevant range.
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$766,250
-
$774,489
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$780,650
-
$783,750
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2.The following costs were incurred in April:
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Direct materials $48,000 Direct labor $32,000 Manufacturing overhead $26,000 Selling expenses $23,000 Administrative expenses $36,000 Prime costs during the month totaled:
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$80,000
-
$165,000
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$58,000
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$106,000
3.
alip Corporation, a merchandising company, reported the following results for October:
Sales | $ | 424,800 |
Cost of goods sold (all variable) | $ | 180,100 |
Total variable selling expense | $ | 18,200 |
Total fixed selling expense | $ | 15,300 |
Total variable administrative expense | $ | 8,700 |
Total fixed administrative expense | $ | 31,200 |
|
The contribution margin for October is:
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$351,400
-
$217,800
-
$244,700
- $171,300
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