Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor Manufacturing overhead applied to production 18 $10,000 $17,200 $ 3,000 $ 6,000 $38,000 $17,000 $32,000 What is the cost of goods manufactured? Multiple Choice $74,800 $80,000 Direct labor Manufacturing overhead applied to production $38,000 $17,000 $32,000 What is the cost of goods manufactured? 00 Multiple Choice $74,800 $80.800 $76,800 $84,800 Which of the following is not an underlying assumption of cost-volume-profit analysis? Multiple Choice Selling price is constant Variable costs per unit are constant. Total fixed costs are constant within the relevant range. Net operating Income is constant Assume the following (1) sales = $200,000, (2) unit sales = 10,000. (3) the contribution margin ratio = 45%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin = $90,000 The total fixed expenses - $110,000 The variable expense per unit = $9.00 The break-even point is 5,000 units Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $300,000 120,000 180,000 52,000 $128,000 Per Unit $40 16 $24 If the variable expenses increase by $1 per unit, the advertising expenditures increase by $15,000, and unit sales increase by 5%, then the best of estimate of the new net operating income is: Multiple Choice $129,325 $128,375 If the variable expenses increase by $1 per unit, the advertising expenditures increase by $15,000, and unit sales increase by 5%, then the best of estimate of the new net operating income is: Multiple Choice $129,325. $128,375 $122,200. $114,125 Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $300,000 112,500 187,500 40,000 $147,500 Per Unit $40 15 $25 The dollar sales to attain a target profit of $201,000 is: Multiple Choice $642,667 $385,600 Fixed expenses Net operating income 40,000 $147,500 The dollar sales to attain a target profit of $201,000 is: Multiple Choice $642,667 $385,600. $348,500. $447,500 Assume the following information: Per Unit $40 15 Amount $300,000 112,500 187,500 164,000 $ 23,500 Sales Variable expenses Contribution margin Fixed expenses Net operating income $25 The dollar sales to break-even is: Multiple Choice O $262.400. $205,000 The dollar sales to break-even is: Multiple Choice $262,400. O $205,000 $23,500. $437,333
