Acct 2302

23. A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold Sales revenue 00,000 $1,950,000 960,000 $266,000 Variable manufacturing expense Fixed manufacturing expense Variable selling and administraive expense Fixed selling and administrative expense Net operating income $132,000 The company's contribution margin ratio is closest to: A. 677% B, 74.2% C. 323% D. 25.8% 24. Which of the following best describes costs assigned to the product under the absorption costing method? Direct labor (DL.) Direct materials (DM) Variable selling and administrative Variable manufacturing overhead Fixed selling and administrative Fixed manufacturing overhcad A. DL, DM, variable selling and administrative costs, and variable manufacturing overhead. B. DL, DM, and variable manufacturing overhead DL DI Daal uaturingovrhend,and fised masnufacturing overhead. D. DI. and DM. E DL, DM, fied selting and admiaistaivie manufacturing overhead. 25. A manufacturing company that produces a single product has provided the following data concerming its most recent month of operations: Selling price.. $89 Units in beginning inventory Units produced Unts sold Units in ending inventory.. 4,300 4,000 300 Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative. $13 S35 $1 S10 Fixed costs Fixed manufacturing overhead.$77,400 $24,000 Fixed selling and administrative The total contribution margin for the month under variable costing is: A. $160,000 B. $88,000 C $42,600 D. S120,000