Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all 5 parts Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of
please answer all 5 parts
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: 5 Per Year Per Unit $200 $ 71 $ 50 $ 9 $ 8 Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead 7.12 $300,000 Using variable costing, what is the company's net operating income? Multiple Choice $258,000 $338,000 $238,000 Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12.000 units during Year 2, while producing 12.000 units and selling 15,000 units in year 3. Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Tixed manufacturing overhead Pixed selling and administrative expense Per Unit $240 $ 94 $ 63 $ 10 $ 11 $450,000 $150,000 Using absorption costing, what is the cost of goods sold for Year 3? Multiple Choice O $3,045,000 $3,232,500 -7 Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income A $ 2 120,000 ? 60,000 2 B $300,000 140,000 ? ? $ 80,000 Total ? 260,000 2 ? ? 50,000 ? 1:36:29 Book If Division A's contribution margin ratio is 40%, then what is the company's net operating income? Multiple Choice $60,000 $70,000 $40,000 3 A $ ? 120,000 ? 100,000 ? Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income B $200,000 140,000 2 ? $(20,000) Total ? 260,000 ? ? 2 5:18 50,000 $ 10,000 What is the company's total sales? Multiple Choice $480,000 $460,000 $600,000 Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed selling and administrative expense Fixed manufacturing overhead Por Unit $200 $ 80 $ 50 $ 8 $ 8 $110,000 $300,000 Using absorption costing, what is the net operating income for the second year of operations? Multiple Choice $90,000 $100,000 $120,000 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