1. Laner Company has the following data for the production and sale of 2,000 units. Sales Price $500.00 per unit Fixed Costs: Marketing and administrative: $200,000 per period Manufacturing overhead: $100,000 per period Variable Costs: Marketing and administrative: $31.25 per unit Manufacturing overhead $50.00 per unit Direct labor $62.50 per unit Direct material $125.00 per unit What is the full cost per unit of making and selling the product? a. 418.75 b. 456.25 c. 268.75 d. 237.50

2. Calculate the conversion costs from the following information: Fixed manufacturing overhead $3,800 Variable manufacturing overhead $2,800 Direct materials $6,100 Direct labor $3,300 a. 12,200 b. 6,600 c. 9,900 d. 16,000 e. 9,400 3. Given the following information for a retail company, what is the total cost of goods purchased for the period? Purchases discounts $3,900 Transportation-in 6,950 Ending inventory 36,050 Gross merchandise cost 313,000 Purchases returns 8,700 Beginning inventory 27,850 Sales discounts 10,600 a. 299,150 b. 313,000 c. 307,350 d. 289,800 4. Laner Company has the following data for the production and sale of 2,000 units. Sales Price $680.00 per unit Fixed Costs: Marketing and administrative: $260,000 per period Manufacturing overhead: $130,000 per period Variable Costs: Marketing and administrative: $42.50 per unit Manufacturing overhead $68.00 per unit Direct labor $85.00 per unit Direct material $170.00 per unit What is the full cost per unit of making and selling the product? a. 388.00 b. 560.50 c. 323.00 d. 365.50 5. Seller Company has the following information: Beginning Inventory: Work-in-Process: 650 FInished Goods: 750 Materials: 850 ENding inventory: WIP 1050 FG 1,250 Mats 2,200 Purchases of materials (net) 25,200 Cost of goods Sold 29,600 Manufacturing overhead $7,100 What was the cost of goods available for sale for the period? a. 29,250 b. 30,100 c. 31,500 d. 30,850 6. The estimated unit costs for a company to produce and sell a product at a level of 15,000 units per month are as follows: Cost Item - Estimated Unit Cost Direct Material - 39 Direct Labor - 27 Variable manufacturing overhead - 22 Fixed manufacturing overhead - 13 Variable selling expenses - 5 Fixed selling expenses - 7.50 What are the estimated conversion costs per unit? a. 74.50 b. 67.00 c. 44.00 d. 104.00 e. 62.00

8. Seller Company has the following information: Beginning Inventory: Work-in-Process: 1,300 FInished Goods: 1,400 Materials: 1,500 ENding inventory: WIP 1,700 FG 1,900 Mats 3,500 Purchases of materials 17,400 Cost of goods Sold 35,600 Manufacturing overhead 10,300 What was the direct labor for the period? a. 13,600 b. 12,100 c. 15,100 d. 18,200 e. 10,800 9. Waupun Company has the following unit costs: Variable manufacturing overhead $31 Direct material $28 Direct labor $33 Fixed manufacturing overhead $18 Fixed marketing and administrative $13 What cost per unit would be used for product costing under variable costing? a. 110 b. 92 c. 61 d. 123 Laner Company has the following data for the production and sale of 2,000 units. Sales Price $640.00 per unit Fixed Costs: Marketing and administrative: $250,000 per period Manufacturing overhead: $125,000 per period Variable Costs: Marketing and administrative: $40 per unit Manufacturing overhead $64.00 per unit Direct labor $80.00 per unit Direct material $160.00 per unit What is the contribution margin per unit? a. 308.50 b. 296 c 108.50 d 344