Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6, 400 units) $428, 800 Variable expenses 300, 800 Contribution margin 128, 000 Fixed expenses 103, 500 Net operating income $ 24,500 If the company sells 6,300 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice O $23,979 O $22,500 O $24,500 O $20,000 1 0 Farris Corporation. which has only one product. has provided the following data concerning its most recent month of operations: Selling price 3 104 Units in beginning inventory 0 Units produced 8,850 Units sold 8,450 Units in ending inventory 4% r Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead 3 16 $ $ Variable selling and administrative expense $ 8 $ $ 58 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 132 , 750 8, 600 What is the net operating income lor the month under absorption costing? Multiple Choice 0 $20,450 0 \"0,750 0 55150 O $6.000 ( Prev 10 of 10 Next Hill 2 Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3, 400 units) $ 88 , 400 Variable expenses 43 , 316 Contribution margin 45, 084 Fixed expenses 33, 400 Net operating income $ 11, 684 If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice O $45,084 O $50,388 O $70,400 O $13,059 Mc Graw 3 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $370, 000 Variable expenses 203, 500 Contribution margin 166, 500 Fixed expenses 114, 000 Net operating income $ 52, 500 What is total contribution margin if sales volume increases by 30%? Multiple Choice O $166,500 O $68,250 O $216,450 O $36,750 Mc Derst Inc. sells a particular textbook for $24. Variable expenses are $16 per book. At the current volume of 52,000 backs sold per year the company isjust breaking even. Given these data, the annual xed expenses associated with the textbook total: Multiple Choice 0 $45,000 $1,248,000 0 0 $1,664,000 0 $832,000 ( Prev 4 of 10 Next > 5 Bristo Corporation has sales of 1,750 units at $40 per unit. Variable expenses are 30% of the selling price. If total fixed expenses are $39,000, the degree of operating leverage is: Multiple Choice O 2.10 O 7.00 O 2.27 O 4.90 Mc Graw Flesch Corporation produces and sells two products, In the most recent month, Product C903 had sales of $31,980 and variable expenses of $7,995. Product Y45E had sales of $21,840 and variable expenses of $8,736. The xed expenses ofthe entire company were $16,000. Il'the sales mix were to shift toward Product C903 with total dollar sales remaining constant. the overall break-even point for the entire company: Multiple Choice 0 would decrease. 0 would increase. 0 could increase or decrease. would not change. ( Prev 6 of 10 Next ) 7 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 9 Units produced 4,850 units sold 4,750 Units in ending inventory 100 Variable costs per unit: Direct materials $ 58 Direct labor $ 60 Variable manufacturing overhead $ 23 Variable selling and administrative expense 3; 21 Fixed costs: Fixed manufacturing overhead $ Fixed selling and administrative expense 3 101, 850 47, 500 What is the variable costing unit product cost for the month? Multiple Choice 0 $162 per unit 0 $153 per unit 0 $141 per unit 0 $145 per unit Next ) ( Prev 7 of 10 8 Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 7, 000 Variable costs per unit: Direct materials 149 Direct labor 98 Variable manufacturing overhead 6 Variable selling and administrative expense 16 Fixed costs: Fixed manufacturing overhead $245, 000 Fixed selling and administrative expense $483, 000 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice O $247 per unit O $288 per unit O $253 per unit O $373 per unit 9 A manufacturing company that produces a slngle product has provided the following data concernlng Its most recent month of operatlons: Selling price $ 138 Units in beginning inventory 0 Units produced 3,390 Units sold 2,840 Units in ending inventory 55. Variable costs per unit: Direct materials $ 51 Direct labor $ 16 Variable manufacturing overhead 3 14 Variable selling and administrative expense $ 1| Fixed costs: Fixed manufacturing overhead $115,260 Fixed selling and administrative expense s 17,040 The total gross margin for the month under absorption costing is: Multiple Choice 0 $65,320 $19,880 3133.430 0 0 $22,680 0