Question 23

Concord manufactures mattresses for the hotel industry. It has two products, Downy and Firm, and total overhead of $507000. The company plans to manufacture 190 Downy mattresses and 300 Firm mattresses this year. In manufacturing the mattresses, the company must perform 700 material moves for the Downy and 280 for the Firm; it processes 110 purchase orders for the Downy and 93 for the Firm; and the companys employees work 3000 direct labour hours on the Downy product and 3500 on the Firm. Concords total material handling costs are $306000 and its total purchasing costs are $201000. Under a traditional costing approach based on direct labour hours, how much overhead would be assigned to the Downy product?

$234000

$253500

$273000

$295750

Question 52

Green Company sells its product for $10400 per unit. Variable costs per unit are: manufacturing, $5000; and selling and administrative, $135. Fixed costs are: $50400 manufacturing overhead, and $60400 selling and administrative. There was no beginning inventory at 1/1/18. Production was 36 units per year in 20182020. Sales were 36 units in 2018, 32 units in 2019, and 40 units in 2020. Income under absorption costing for 2020 is

$88280.

$93280.

$94200.

$99800.

Question 53

Green Company sells its product for $11500 per unit. Variable costs per unit are: manufacturing, $6900; and selling and administrative, $140. Fixed costs are: $40800 manufacturing overhead, and $50800 selling and administrative. There was no beginning inventory at 1/1/18. Production was 34 units per year in 20182020. Sales were 34 units in 2018, 30 units in 2019, and 38 units in 2020. Income under variable costing for 2019 is

$42200.

$47000.

$51200.

$89200.

PLEASE HELP, I'LL MAKE SURE TO RATE!!

Question 28 Gift Gallery sold 2000 Zooglars during 2020. Information is provided concerning the Zooglar product: $59600 Variable costs Fixed costs 10700 Net income $25900 Sales 23000 If Gift Gallery sells 30 more units, by how much will its profit increase? $18 $549 O $389 O $894 Question 32 The following information is available for Marigold Company: Sales $358000 Total fixed expenses $55000 Cost of goods sold 130000 Total variable expenses 102000 Which amount would you find on Marigold's CVP income statement? contribution margin of $256000 contribution margin of $201000 gross profit of $228000 gross profit of $201000 Question 49 The Colin Division of Mochrie Company sells its product for $32 per unit. Variable costs per unit are: manufacturing, $15; and selling and administrative, $2. Fixed costs are: $280000 manufacturing overhead, and $52000 selling and administrative. There was no beginning inventory. Expected sales for next year are 40000 units. Ryan Stiles, the manager of the Colin Division, is under pressure to improve the performance of the Division. As he plans for next year, he has to decide whether to produce 40000 units or 50000 units. What would the net income be under absorption costing for each alternative? 40000 units 50000 units O $268000 $268000 O $268000 $324000 O $268000 $334400 O $324000 $268000