Accounting 10 question HW

1.

Barnes Company sells two products, X and Y. For the coming year, Barnes predicts sales of 5,000 units of X and 10,000 units of Y. The contribution margins per unit of products X and Y are $5.00 and $2.00, respectively. The weighted - average contribution margin is $4.50 per unit. O True O FalseArianell, Inc. reports the following information for August: Sales Revenue $900,000 Variable Cost of Goods Sold 120,000 Fixed Cost of Goods Sold 75,000 Variable Selling and Administrative Costs 110,000 Fixed Selling and Administrative Costs 75,000 Calculate the gross profit for August using absorption costing. O A. $780,000 0 B. $790,000 0 C. $825,000 0 D. $705,000 Last year, Harold Company produced 1,400 units and sold 400 units. The company had no beginning inventory. Harold incurred the following costs: Direct materials per unit $30 Direct labor per unit $10 Variable overhead per unit $13 Total xed manufacturing overhead $8,400 Sales Price per unit $150 Contribution margin per unit under variable costing is O A. $59 0 B. $97 0 c. $53 0 D. $91 Tanner, Inc. reports the following information: Units produced 290 units Units sold 290 units Sales price $260 per unit Direct materials $39 per unit Direct labor $21 per unit Variable manufacturing overhead $12 per unit Fixed manufacturing overhead $1,160 per year Variable selling and administrative costs $2 per unit Fixed selling and administrative costs $11,000 per year What is the unit product cost using variable costing? O A. $76 0 B. $184 0 C. $188 0 D. $72 Sequoyah, Inc. reports the following information: Units produced 550 units Units sold 550 units Sales price $130 per unit Direct materials $40 per unit Direct labor $25 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $15,000 per year Variable selling and administrative costs $5 per unit Fixed selling and administrative costs $15,000 per year What is the unit product cost using variable costing? O A. $75 0 B. $92 0 C. $80 0 D. $55 Verge, Inc. has two productsLe Cadre and La Bougie. Financial data for both the products follow: Le Cadre La Bougie Units sold 2,200 units 800 units Sales price per unit $700 $1,000 Variable manufacturing cost per unit 320 700 Sales commission (% of sales) 5% 3% Verge has two sales representativesRosemary Wilson and Maria Blanoot Each representative sold a total of 1,500 units during the month of March Rosemary had a sales mix of 70% Le Cadre and 30% La Bougie. Man'a had a sales mix of 80% Le Cadre and 20% La Bougie. Based on the above information, calculate Rosemary's total contribution to company prots. O A. $483,750 0 B. $362,250 0 C. $121,500 0 D. $534,000 Trillium, Inc. reports the following information for April: Alpha Beta Units sold 2,000 units 800 units Sales price per unit $350 $600 Variable manufacturing cost per unit 175 460 Sales commission per unit: Alpha: 8% of sales price 28 Beta: 6% of sales price 36 What is the contribution margin ratio of Beta? (Round your answer to two decimal places.) 0 A. 23.33% 0 B. 17.33% 0 c. 6% O D. 50% Events Party Planners, Inc. provides party planning services. The following nancial data have been provided. Service Revenue $307,000 Party Supplies Used 124,000 Wages Expense 38,000 Ofce Rent Expense 3,000 Depreciation ExpenseEquipment 1,400 Calculate the operating income for the company. O A. $142,000 0 B. $269,000 0 C. $140,600 0 D. $145,000 Tidy Turf, Inc. provides housekeeping services. The following financial data have been provided. Service Revenue $60,000 Cleaning Supplies Used 21,000 Wages Expense 20,350 Office Rent Expense 5, 150 Depreciation Expense-Machinery 850 Calculate the contribution margin and the contribution margin ratio. (Round your contribution margin to the nearest dollar, and your contribution margin ratio to two decimal places.) . . . . . O A. $39,650; 66.08% O B. $18,650; 31.08% O C. $12,650; 21.08% O D. $54,850; 91.42%Habitat Help Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 250 customers and the residential business segment provided services to 655 customers. Commercial Residential Total Service Revenue $92,000 $125,000 $217,000 Variable Costs 29,000 48,000 77,000 Fixed Costs 44,000 47,000 91,000 Operating Income $19,000 $30,000 $49,000 What is the contribution margin ratio for Habitat Help Company? (Round answer to two decimal places.) O A. 58.06% O B. 77.42% O C. 22.58% O D. 64.52%