{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:15:02-04:00", "answer_date": "2024-06-28 08:15:02", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4271016", "url": "\/study-help\/questions\/tb-mc-qu-0594-crystal-corporation-produces-a-single-product-4271016", "question_creation_date_js": "2024-06-28T08:15:02-04:00", "question_creation_date": "Jun 28, 2024 08:15 AM", "meta_title": "[Solved] TB MC Qu. 05-94 Crystal Corporation produ | SolutionInn", "meta_description": "Answer of - TB MC Qu. 05-94 Crystal Corporation produces a single product... Crystal Corporation produces a single product. The co | SolutionInn", "meta_keywords": "tb,mc,qu,05-94,crystal,corporation,produces,single,product,company,s,variable", "question_title_h1": "TB MC Qu. 05-94 Crystal Corporation produces a single product... Crystal Corporation produces a single product. The company's variable costing income statement for the month", "question_title": "TB MC Qu. 05-94 Crystal Corporation produces a single product... Crystal Corporation", "question_title_for_js_snippet": "TB MC Qu 05 94 Crystal Corporation produces a single product Crystal Corporation produces a single product The company's variable costing income statement for the month of May appears below Crystal Corporation Income Statement For the month ended May 31 Sales ($10 per unit) $791,000 Variable expenses Variable cost of goods sold 395,500 Variable selling expense 79,100 Total variable expenses 474,600 Contribution margin 316,400 Fixed expenses Fixed manufacturing overhead 129,600 Fixed selling and administrative 79,100 Total fixed expenses 208,700 Net operating income $107,700 The company produced 72,000 units in May and the beginning inventory consisted of 16,000 units Variable production costs per unit and total fixed costs have remained constant over the past several months The value of the company's inventory on May 31 under absorption costing would be Noreen 4e Rechecks 2017 24 03 $60,520 $44,500 $193,860 $35,600", "question_description": "

TB MC Qu. 05-94 Crystal Corporation produces a single product...<\/strong><\/p>

Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below:<\/p>

<\/p>

<\/p>

Crystal Corporation<\/p>

Income Statement<\/p>

For the month ended May 31 Sales ($10 per unit) $791,000 Variable expenses: Variable cost of goods sold 395,500 Variable selling expense 79,100 Total variable expenses 474,600 Contribution margin 316,400 Fixed expenses: Fixed manufacturing overhead 129,600 Fixed selling and administrative 79,100 Total fixed expenses 208,700 Net operating income $107,700 <\/p>

The company produced 72,000 units in May and the beginning inventory consisted of 16,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.<\/p>

<\/p>

The value of the company's inventory on May 31 under absorption costing would be:<\/p>

<\/p>

Noreen 4e Rechecks 2017-24-03<\/p>

$60,520<\/p>

$44,500<\/p>

$193,860<\/p>

$35,600<\/p>", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "9811914370", "uri": "\/textbooks\/advances-in-fluid-mechanics-modelling-and-simulations-1st-edition-978-9811914379-294629", "name": "Advances In Fluid Mechanics Modelling And Simulations", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:15:02", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/before-the-mid1970s-systems-programmers-and-businesspeople-including-accountants-did", "description": "Before the mid-1970s, systems programmers and businesspeople (including accountants) did not communicate well with one another. 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