A manufacturer reports the following costs to produce 16,000 units in its first year of operations: direct materials, $16 per unit, direct labor, $12 per unit, variable overhead, $128,000, and fixed overhead, $224,000. Of the 16,000 units produced, 15,100 were sold, and 900 remain in inventory at year-end. Under variable costing, the value of the inventory is:

Multiple Choice

• $25,200.

• $32,400.

• $45,000.

• $37,800.

• $21,600.

  Wang Company manufactures and sells a single product that sells for $500 per unit; variable costs are $270 per unit. Annual fixed costs are $943,000. Current sales volume is $4,250,000. Management targets an annual income of $1,175,000. Compute the unit sales to earn the target income.

  Multiple Choice

• 4,100.

• 7,050.

• 6,100.

• 9,209.

• 28,449.

  During its most recent fiscal year, Dover, Incorporated had total sales of $3,280,000. Contribution margin amounted to $1,540,000 and income was $460,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year?

  Multiple Choice

• $2,000,000.

• $2,820,000.

• $1,280,000.

• $1,080,000.

• $1,740,000.

  Wang Company manufactures and sells a single product that sells for $630 per unit; variable costs are $378 per unit. Annual fixed costs are $872,000. Current sales volume is $4,380,000. Compute the current margin of safety in dollars.

  Multiple Choice

• $1,656,800.

• $2,180,000.

• $2,200,000.

• $3,226,510.

• $2,877,600.