Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pedregon Corporation has provided the following information: Cost per Period Cost per Unit $6.95 $3.50 $1.75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing
Pedregon Corporation has provided the following information: Cost per Period Cost per Unit $6.95 $3.50 $1.75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $19,800 $0.40 $0.50 $ 7,700 If 4,500 units are sold, the total variable cost is closest to: Multiple Choice O $72,900 O $80,550 O $58.950 O $54.900 Dake Corporation's relevant range of activity is 3.100 units to 6.500 units. When it produces and sells 4.800 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $7.00 $3.10 $1.75 $3.00 $1.05 $0.75 $0.85 $0.75 if 3.800 units are produced, the total amount of indirect manufacturing cost incurred is closest to: Multiple Choice O $6,650 O $14.400 O $2050 O $18.050 $450,000 30.000 153,000 Sales Beginning inventory of direct materials, January 1. 20X1 Purchases of direct materials Ending inventory of direct materials. December 31. 20x1 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished goods, January 1. 20X1 Cost of goods manufactured Ending inventory of finished goods, December 31, 20x1 Operating costs 18.000 26.000 42.000 47.000 233.000 41.000 157.000 If the company prepares a "traditional format" (i.e. financial reporting) income statement what is the company's gross margin (gross profit)? Multiple Choice O $211.000 O $217.000 O $54.000 Lo $60.000 Macy Corporation's relevant range of activity is 4,800 units to 11,000 units. When it produces and sells 7.900 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $4.95 $3.40 $1.40 $3.60 $1.35 $0.90 $1.30 $0.80 If the selling price is $26.50 per unit, the contribution margin per unit sold is closest to: Multiple Choice 0 $9.75 0 $710 0 $18.15 0 $14.65
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started