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Acct 2302 17. A manufacturing company that produces a single prodtuct has provided the following dats concerning its most ree month of operations: Selling price..
Acct 2302
17. A manufacturing company that produces a single prodtuct has provided the following dats concerning its most ree month of operations: Selling price.. $150 Units in beginning inventory Units produced... Units sold Units in ending inventory 5,100 4,800 300 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative .. $41 344 $7 S8 Fixed costs Fixced manufacturing overcad Fixed selling and administrative... S188,700 What is the total period cost for the month under absorption costing? A. $48,000 B. $275,100 C. $86,400 D. $188,700 18. Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance is $41,000. Budgeted cash receipts total $114,000 and budgeted cash disbursements total $113,000. The desired ending cash balance is $60,000. The excess (deficiency) of cash available over disbursements for January will be: A. $42,000 B. $155,000 C. $40,000 D. $1,000 19. Sammis Inc., which produces and sells a single product, has provided its contribution format income statement for January Sales (2,900 units) Variable expenses Contribution margin $226,200 95,700 30,500 Fixed expenses Net operating income If the company sells 2,600 units, its total contribution margin should be closest to: A. $107,100 B. $117,000 C. $31,290 D. S130,500 Step by Step Solution
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