Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Per Unit Selling price

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Per Unit Selling price $ 200 Direct materials $ 83 Direct labor $ 50 Variable manufacturing overhead $ 11 Fixed manufacturing overhead Using absorption costing, what is the company's unit product cost? $ 300,000 Multiple Choice $174 $144 $164 $133 Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Per Unit Per Year $ 200 $ 81 $ 50 $ 9 $ 300,000 Using variable costing, what is the company's unit product cost? Multiple Choice $170 $140 a $160 $131 Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 74 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission S8 Fixed manufacturing overhead $ 289,000 Which of the following choices explains the relationship between the absorption costing net operating Income and the variable costing net operating Income? Multiple Choice The absorption costing net operating income will be lower than the variable costing net operating income by $28.900 The absorption coming net operating income will be lower than the variable conting net operating income by $100,000 The absorption costing net operating income will be higher than the variable costing net operating income by $20.900 Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 68 Direct labor $ 50 Variable manufacturing overhead $ 11 Sales commission $8 Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the cost of the company's ending inventory? Multiple Choice $129.000 $159.000 $137,000 $24.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Corporate Finance

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

3rd edition

1118845897, 978-1118845899

Students also viewed these Accounting questions