QUESTION 24 Which of the following types of companies woulld typically use process costing rather than job-order costing? OA custom home builder. O A specialty equipment manufacturer. A breakfast cereal manufacturer. O A manufacturer of commercial passenger aircraft. QUESTION 25 A Company will have net operating income when: O sales are less than variable expenses. O contribution margin is zero. O contribution margin is greater than total fixed costs. O total fixed costs are greater than contribution margin. QUESTION 31 Staufler Corporation has provided the following contribution lormat income statement Assume that the relovant range Sales (8,000 units) Variable expenses Contribution margin 320,000 192,000 128,000 Ficed expenses Net operating income The contribution margin ratio is closest to: O 40% 118,400 9,600 60% 67% O 33% QUESTION 32 To calculate the dollar sales necessary to attain a desired target profit, which of the following form O Target profit/Contribution margin ratio O (Fixed expenses O Fixed expenses/Contribution margin per unit (Fixed expenses+Target profit)Total contribution margin Target profit/Contribution margin ratio + QUESTION 35 Aaron Coporation, wihich has only one product, has provided the following data conceming its most ree Selling price 90 Units in beginning inventory Units produced Units sold Units in ending inventory 3,400 3,000 400 Variable costs per unit Direct materials 21 Direct labor 38 Variable manufacturing overhead Variable selling and administrative expense 4 Ficed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the total period cost for the month under the absorption costing? $69,400 $ 54,400 $ 3,000 $54,400 O$15,000 O$3,000