SOS!! CAN SOMEONE PLEASE HELP ME WITH THESE 8 PROBLEMS FOR MY ACCOUNTING QUIZ DUE TOMORROW (3 different set of questions just repeated information). THANK YOU!!!!!!
Question 2 Marcellus Company has a total expense per unit of $2.00 per unit at the 16,000 unit level of activity and total expense per unit of $1.90 at Incorrect the 21,000 unit level of activity. 0.00 points out of 1.00 The best estimate of the variable cost per unit for Marcellus Company is: Flag question Select one: a. $1.58. b. $1.79. X O c. $2.00. O d. $1.95. O e. None of the above Question 3 Marcellus Company has a total expense per unit of $2.00 per unit at the 16,000 unit level of activity and total expense per unit of $1.90 at Incorrect the 21,000 unit level of activity. 0.00 points out of 1.00 The best estimate of the total fixed cost per period for Marcellus Company is: Flag question Select one: a. $40,950. O b. $32,000. C. $3,360. X O d. $6,720. O e. None of the aboveQuestion 4 Marcellus Company has a total expense per unit of $2.00 per unit at the 16,000 unit level of activity and total expense per unit of $1.90 at Incorrect the 21,000 unit level of activity. 0.00 points out of 1.00 The best estimate of the total expected costs at the 19,000 unit level of activity for Marcellus Company is: Flag question Select one: O a. $36,740. O b. $38,000. c. $37,370. X O d. $39,830. O e. None of the aboveQuestion 5 Portland Company has provided the following data for the second quarter of the most recent year: Incorrect 0.00 points out of Sales $290,000 1.00 Fixed manufacturing overhead 55,000 Direct labor 72,500 Flag question Fixed selling expense 46,250 Variable manufacturing overhead 41,000 Variable administrative expense 48,000 Direct materials 51,500 Fixed administrative expense 44,500 Variable selling expense 49,750 Assume that direct labor is a variable cost and that there were no beginning or ending inventories. The total contribution margin of Portland Company for the second quarter was: Select one: a. $37,250. X O b. $27,250. O c. $176,000. d. $211,000. O e. None of the aboveQuestion 6 Portland Company has provided the following data for the second quarter of the most recent year: Incorrect 0.00 points out of Sales $290,000 1.00 Fixed manufacturing overhead 55,000 Direct labor 72,500 Flag question Fixed selling expense 46,250 Variable manufacturing overhead 41,000 Variable administrative expense 48,000 Direct materials 51,500 Fixed administrative expense 44,500 Variable selling expense 49,750 Assume that direct labor is a variable cost and that there were no beginning or ending inventories. The gross margin for Portland Company for the second quarter was: Select one: a. $(12,500). b. $80,000. X O c. $70,000. O d. $135,000. O e. None of the aboveQuestion 7 An income statement for Colorado Bookstore for the first quarter of the current year is presented below: Incorrect 0.00 points out of 1.00 Colorado Bookstore Flag question Income Statement For the First Quarter of the Current Year Sales $750,000 Less cost of goods sold 525,000 Gross margin $225,000 Less operating expenses: Selling $92,500 Administrative $92,500 185,000 Net income $ 40,000 On average, a book sells for $50. Variable selling expenses are $5.50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed. The contribution margin for Colorado Bookstore for the first quarter is: Select one: O a. $688,000. O b. $128,000. O c. $120,000. O d. $240,000. e. None of the above XQuestion 8 An income statement for Colorado Bookstore for the first quarter of the current year is presented below: Incorrect 0.00 points out of Colorado Bookstore 1.00 Income Statement Flag question For the First Quarter of the Current Year Sales $750,000 Less cost of goods sold 525,000 Gross margin $225,000 Less operating expenses: Selling $92,500 Administrative $92,500 185,000 Net income $ 40,000 On average, a book sells for $50. Variable selling expenses are $5.50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed. The net income using the contribution approach for the first quarter is: Select one: O a. $240,000. . b. $152,000. X O c. $44,000. O d. $40,000. O e. None of the above EQuestion 9 An income statement for Colorado Bookstore for the first quarter of the current year is presented below: Incorrect 0.00 points out of Colorado Bookstore 1.00 Income Statement Flag question For the First Quarter of the Current Year Sales $750,000 Less cost of goods sold 525,000 Gross margin $225,000 Less operating expenses: Selling $92,500 Administrative $92,500 185,000 Net income $ 40,000 On average, a book sells for $50. Variable selling expenses are $5.50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed. The cost formula for operating expenses with "X" equal to the number of books sold is: Select one: O a. Y = $84,000 + $7.00X. O b. Y = $84,000 + $8.50X. C. Y = $98,000 + $7.00X. X O d. Y = $98,000 + $8.50X. O e. None of the above
