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PLEASE SOS I NEED HELP Foartastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entire family
PLEASE SOS I NEED HELP
Foartastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entire family can snuggle on them while watching a movie in quarantine. The firm has provided the following data concerning its most recent months of operations Selling Price Unit $124/unit Variable Costs/Unit: Direct Materials $43/unit Direct Labor $27/unit Variable MOH $5 unit Variable SG&A $Sunit Fixed Costs: Fixed MOH 565,991 Round ALL calculations to the nearest hundredth (two decimal places) 1. Calculate the number of units in onding inventory at the end of MONTH 2 OA 1073 units OB. 375 units c. 719 units OD. 693 units 2. How many unts sold in MONTH 2 come from MONTH 2 production? O A 5,862 units OB. 6,216 units OC. 5,143 units OD. 5,518 units 3. Calculate the FOH/unit in MONTH 1 A $1126/unit OB. 59 52/unit C. 511 96 unit OD. $10 62 unit Click to select your answer 2 Direct Materials Direct Labor Variable MOH Variable SG&A Fixed Costs: Fixed MOH Fixed S.G.& A $43/unit $27/unt 55/unit $9 unit $65,991 $35,099 The company started out the month with no units in inventory During the first month, the firm produced 6,935 units Sales during Month 1 totaled 5,862 units During the second month, the manager was forced to all of some of onwentary ho had accumulated. They sold 6.216 units in Month2, but only produced 5,518 All production costs remained stable across the periods. The company currently uses a first in first out (FIFO) system to account for inventory Round ALL calculations to the nearest hundredth (two decimal places) 1. Calculate the number of units in ending Inventory at the end of MONTH 2 O A 1073 units OB 375 units OC. 719 units OD. 698 units 2. How many units sold in MONTH 2 come from MONTH 2 production? O A 5,862 units OB. 6,216 units OC. 5,143 units OD. 5,518 units 3. Calculate the FOH/unit in MONTH 1 O A 511 26 B. 59 52/unt OC 511 il OD. 510 62 unit Click to select your answer 4 Calculate the FOH unit in MONTH 2 OA $11 96lun OB. $9.52/unit OC. $11 26 OD. $10 62 unit 5 Calculate the SALES REVENUE in MONTH 2 Rounding may cause a discrepancy. Choose the closest number OA 3684,232 O B. 5637,732 O C. $770,784 OD 1720,886 6 Calculate the VARIABLE COGS in MONTH 2 Round ng may cause a discrepancy Choose the closest number O A 531,080 OB. 466.200 OC. 439.650 OD 5435,120 Click to select your answer 7. Calculate the VARIABLE S,G,&A in MONTH 2. Rounding may cause a discrepancy. Choose the closest number OA. $55,944 B. $52,758 OG $62,415 OD. $49,662 6. Calculate the FIXED COGS under ABSORPTION costing in MONTH 2 Rounding may cause a discrepancy. Choose the closest number OA $65.995.25 OB $74,343 36 OC: $71,725 24 OD $59.176.32 9. Calcolo e FIXED MANUFACTURING cost under VARIABLE costing in MONTH 2 Rounding may cause a discrepancy Choose the closest number OA $65.991 OB. $71,725 24 OC. $74,343.36 OD. $59 176 32 Click to select your answer 10 Calculate the FIXED S.G,&A for MONTH 2. Rounding may cause a discrepancy. Choose the closest number O A $65.991 OB. $35.099 OC. $29,668.4 OD. $39,538.85 11 Calculate the OPERATING INCOME under ABSORPTION COSTING for MONTH 2 Rounding may cause a discrepancy Choose the closest number O A $154,364.68 OB. $147,550 C. $141,815.76 OD. $139.197.64 12. Calculate the OPERATING INCOME under VARIABLE COSTING for MONTH 2 Rounding may cause a discrepancy Choose the closest number OA 5141,81576 OB $147,650 OC. $139,197 64 OD. $154,364 68 Click to select your answer OA 375 units OB.- 1073 units OC. 698 units OD. -698 units 14 Calculate the change in units of MONTH 2 inventory during MONTH 2 OA-1073 units OB. 375 units OC. 1073 units OD 698 units 15. What is the formula to calculate the change in the value of FOH during MONTH 22 Hint The change in operating income should be equal to this number OA (Units Month 1 Inventory Month 1FOHunt) OB. (A Unit Month 1 Inventory Month 2FOHunt) (Units Month inventory Month 1FOHunt) OC (Units Month Inventory Month 2FoHunt) OD. KAUnit Month inventory Month 1FOHunit) (Units. Monthloventory Mont FoHunt) Click to select your answer 15. What is the formula to calculate the change in the value of FOH during MONTH 2? Hint. The change in operating income should be equal to this number OA. (AUnits.Month 1 Inventory Month 1FOHunt) OB. (A Units Month inventory Month 2FOH/unit) (A UnitsMonth Inventory Month 1FOH/unit) OC (Units Month 2 Inventory Month 2FOH/unit) OD. (Units Month 1 Inventory Month 1FOH unit) (A Units Month2 Inventory Month 2FOH/unit) 16. The difference in operating Income under these two methods is caused by OA A difference in the way we expense fxed manufacturing OH OB. A difference in the way we expense variable manufacturing OH OC. A difference in the way we expense fixed S,G,&A OD. A difference in the way we expense variable S, G. & A DE. Both A&C OF. Both B & D Click to select your Step by Step Solution
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