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Fast Inc.'s level of inventory has increased by 8,000 units during a period. The following data are also available: Variable Fixed Unit manufacturing costs of the period $24.00 $10.00 Unit operating expenses of the period 8.00 3.00 What would be the effect on income from operations if variable costing is used rather than absorption costing? (Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem could be $100,000 100,000 100000 $10000) In order to earn credit for your answers to the problems, you are required to show all supporting work. Paragraph E A () Font family Font size Path: pAlpha Corporation has the following information for the month of August: Purchases $92,000 6,000 Mateals inventory, August 1 Materials inventory, 3 000 August 31 Direct labor 25,000 Factory overhead 37,000 32,000 Work in process, August 1 Work in process, August 31 23,500 Finished goods inventory, August 1 21,000 Finished goods inventory, August 31 Sales Sales and administrative EXPENSES 3repare (a) a schedule of cost of goods manufactured, [b] an income statement for the month ended August 31, Racer Industries had a break-even point at $800,000 in sales revenue and fixed costs of $200,000. When actual sales were $1,000,000 variable costs were $750,000. Determine (a) the margin of safety expressed in dollars, (b) the margin of safety expressed as a percentage of sales, (c) the contribution margin ratio, and (d) the operating income. Paragraph B () Font family Font sizeAt the beginning of the periodr Department A budgeted direct labor of $110,000, direct materials of $1 130,000, and xed factory overhead of $23,000 for 3,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for Department A, assuming it uses flexible budgeting? {Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem oould be $100,000 100.000 100000 $10000] In order to earn credit for your answers to the problems. you are required to show all supporting work. WHB I'all' .. '||ETE'||3+*EI| [IHullxaHIEsliIEuIUHIaal :-I MINE During the rst year of operations, 13,000 units were manufactured and 13,500 units were sold. On April 3']; Best Inc. prepared the following income statement based on the variable costing concept: Best lne. Variable Costing Income Statement For Year Ended April 31, 20-- Sales $29I000 Variable cost of goods sold: Variable cost of goods manufactured $283,000 Less ending inventory 42% Variable cost of goods sold jl Manufacturing margin 55 811 00 Variable selling and administrative expenses _Uu Contribution margin 35 401500 Fixed costs: Fixed manufacturing costs $ 12,000 Fixed selling and administrative expenses ALE _221 Income from operations _$_?J Determine the unit cost of goods manufacturedr based on {a} the variable costing concept and {b} the absorption costing concept