Question 15 A hair product manufacturer offers the following information: WIP Inventory, January 1 O units Units started 35,600 units Units completed and transferred out 9200 units WIP Inventory, December 31 26,400 units Direct materials $280,480 Direct labor $579,000 Manufacturing Overhead $335,920 The units in ending WIP Inventory were 60% complete for materials and 40% comple conversion costs. What is the total cost of units in ending WIP? (Round intermediate calculations to the and the final answer to the nearest dollar.) O $1,222,374 O $488,928 O $666,336 O $733,429 Question 19 2.5 pts The Augusta Corporation uses a process system. During the current period, 2600 units were started and 2100 units were completed and transferred out. Ending units were 70% complete for materials and 45% complete for conversion costs. Direct materials costs added were $35,405 and conversion costs added were $32,870. There was no beginning WIP Inventory and conversion costs are added evenly throughout the process. At the end of the period, the total equivalent units for direct materials are 0 2825 O 2325. 2600. 0 2450 Question 34 2.5 pts The Suit Emporium carries brand name business attire. Each suit sells for the set price of $59.99. The variable cost per suit is $43.91 and the contribution margin is $16.08. The fixed expenses at Suit Emporium are $16,300. A new business apparel outlet has opened fifteen miles from the emporium's location and sales have decreased because local competition offers consumers similar products at lower price per unit. As a result of this decrease, the management at Suit Emporium is considering reducing the sales price per unit to attract the consumer base back to the emporium. The forecasted price per unit is $49.99. 1. What is the unit contribution margin using the forecasted sales price? 2. What is the new breakeven point in units? O $16.08; 1,014 units O $93.90; 174 units O $6.08; 2,681 units O $27.83; 586 units Question 35 2.5 pts Jones Ice Cream Stand is operated by Mr. Jones and experiences different sales patterns throughout the year. To plan for the future, Mr. Jones wants to determine its cost behavior patterns. He has the following information available about the ice cream stand's operating costs and the number of soft serve cones served. May Month Number of ice cream cones Total operating costs April 2.000 $1800 2,100 $1,975 June 2,125 $2,000 July 4.000 $2800 August 2,500 $2,175 September 2,900 $2,500 Using the high-low method, the fixed costs for a month are O $800. O $2000. O $4800. O $1000. Question 36 2.5 pts Stanley's Bicycles store buys bicycles on average for $610 and sells them on average for $780. He pays a sales commission of 15% of sales revenue to his sales staff. Stanley pays $1400 a month rent for his store, and also pays $4000 a month to his staff in addition to the commissions. Stanley sold 130 bicycles in June. If Stanley prepares a contribution margin income statement for the month of June, what would be his contribution margin? O $15,210 O $86,190 O $6890 O $101,400
