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Please help with sample questions Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, variable
Please help with sample questions
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, variable expenses of $155,100, and traceable fixed expenses of $71,300. The Alpha Division has sales of $620,000, variable expenses of $339,800, and traceable fixed expenses of $133,500. The total amount of common fixed expenses not traceable to the individual divisions is $135,200. What is the company's net operating income? Multiple Choice O $95,100 O $280,200 O $435,100 O $230,300The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 41 Selling and administrative $ 14 Fixed costs per year: Production $ 142, 310 Selling and administrative $ 126, 660 Last year, 7,490 units were produced and 7,190 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice O the same as absorption costing. O $7,190 greater than under absorption costing. O $5,700 less than under absorption costing. O $7,190 less than under absorption costing.Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 5,486 Variable costs per unit: Direct materials $ 194 Direct labor $ 86 Variable manufacturing overhead $ 11 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead $ 199,899 Fixed selling and administrative expense $ 394,286 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice 0 $190 per unit O $201 per unit (::) $325 perunn $238 per unit Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $43,100 for Division A. Division B had a contribution margin ratio of 40% and its sales were $201,000. Net operating income for the company was $32,700 and traceable fixed expenses were $56,900. Corbel Corporation's common fixed expenses were: Multiple Choice O $56,900 O $123,500 O $90,800 O $33,900Step by Step Solution
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