TB MC Qu. 19-91 (Algo) Belle Company reports the following...

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year	35,000	units
Units sold this year	21,000	units
Direct materials	$ 15	per unit
Direct labor	$ 17	per unit
Variable overhead	$ 3	per unit
Fixed overhead	$ 105,000	in total

Given Belle Company's data, compute cost per unit of finished goods under variable costing.

Multiple Choice

• $32.00

• $37.00

• $33.88

• $35.00

• $38.00

TB MC Qu. 19-105 (Algo) Arca Company reports the...

Arca Company reports the following for its product for its first year of operations.

Direct materials	$ 72	per unit
Direct labor	$ 52	per unit
Variable overhead	$ 22	per unit
Fixed overhead	$ 96,800	per year
Variable selling and administrative expenses	$ 6	per unit
Fixed selling and administrative expenses	$ 42,000	per year

The company sells its product for $310 per unit. Compute gross profit using absorption costing assuming the company produces 2,420 units and sells 2,020 units.

Multiple Choice

• $238,360

• $237,680

• $250,480

• $208,480

• $195,680