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Please see attached additional questions for the same course studies. 15. TB MC Qu. 05-94 Crystal Corporation produces a single product... Crystal Corporation produces a
Please see attached additional questions for the same course studies.
15. TB MC Qu. 05-94 Crystal Corporation produces a single product... Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: Crystal Corporation Income Statement For the month ended May 31 Sales ($10 per unit) $697,000 Variable expenses: Variable cost of goods sold 348,500 Variable selling expense 69,700 Total variable expenses 418,200 Contribution margin 278,800 Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative 102,400 69,700 Total fixed expenses 172,100 Net operating income $106,700 The company produced 64,000 units in May and the beginning inventory consisted of 12,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. The value of the company's inventory on May 31 under absorption costing would be: Noreen 4e Rechecks 2017-24-03 $41,580 $31,500 $170,720 $25,200 16. TB MC Qu. 05-151 Kilihea Corporation produces a... Kilihea Corporation produces a single product. The company's absorption costing income statement for July follows: Kilihea Corporation Income Statement For the month ended July 31 Sales (16,200 units) Cost of goods sold Gross margin Selling and administrative expenses: Fixed Variable Net operating income $826,200 557,280 268,920 145,800 64,800 210,600 $58,320 During March, the company's variable production costs were $25.40 per unit and its fixed manufacturing overhead totaled $152,300. The contribution margin per unit during July was. (Round your intermediate calculations and final answer to 2 decimal places): $21.60 $3.60 $20.40 $29.40 17. TB TF Qu. 6A-01 An action analysis report... An action analysis report reconciles activity-based costing product costs with traditional product costs based on direct labor. True False 18. TB MC Qu. 6A-02 If a cost object such as a... If a cost object such as a product or customer has a negative green margin, then: its yellow margin will be positive. its yellow margin may be either positive or negative. its yellow margin will be negative. its yellow margin will be zero. 19. TB MC Qu. 6A-03 If a cost object such as a... If a cost object such as a product or customer has a positive red margin, then: its green margin will be positive. its green margin may be positive, negative, or zero. its green margin will be negative. its green margin will be zero. 20. TB MC Qu. 6A-04 If a cost object such as a... If a cost object such as a product or customer has a negative red margin, then: its green margin will be positive. its green margin may be positive, negative, or zero. its green margin will be negative. its green margin will be zero. 21. TB MC Qu. 07-77 The constraint at Johngrass Corporation is... The constraint at Johngrass Corporation is time on a particular machine. The company makes three products that use this machine. Data concerning those products appear below: VT UV LQ Selling price per unit $335.05 $228.33 $199.08 Variable cost per unit $259.52 $173.34 $159.87 6.20 3.00 4.20 Minutes on the constraint Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource? (Round your intermediate calculations and final answer to 2 decimal places.) $75.53 per unit $39.21 per unit $18.33 per minute $9.34 per minuteStep by Step Solution
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