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Answer the following question(s) using the information below. Reusser Company produces wood statues. Management has provided the following information: Actual sales Budgeted production Selling price
Answer the following question(s) using the information below. Reusser Company produces wood statues. Management has provided the following information: Actual sales Budgeted production Selling price 80,000 statues 100,000 statues $20.00 per statue Direct material costs Variable manufacturing costs Variable administrative costs Fixed manufacturing overhead $5.00 per statue $1.50 per statue $2.50 per statue $2.00 per statue 10) What is the cost per statue if throughput costing is used? A) $11.00 B) $9.50 C) $7.50 D) $5.00 E) $6.50 11) What is the total throughput contribution? A) $720,000 B) $840,000 C) $1,000,000 D) $1,080,000 E) $1,200,000 results in the greatest amount of operating 12) If 400 units are produced and 600 units are sold, income. A) throughput costing B) variable costing C) absorption costing D) period costing E) direct costing
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