Unanswered Question 8 0/1 pts Zoom Media established a budget for producing video streaming service. During March, it planned on serving 45,000 customers in April. The budget appears below: Variable element per Fixed element per month month Revenue: $3.20 Wages and salaries: $55,500 $0.70 Supplies: $0 $0.25 Insurance: $10,000 $0.00 Miscellaneous expense: $8,500 $0.05 Zoom has also furnished its income statement for April: Actual customers served: 57,000 Revenue: $162,400 Wages and salaries: $100,500 Supplies: $16,500 Insurance: $9,600 Miscellaneous expense: $9,700 Total expense: $136,300 Net operating income: $26,100 What would the firm list as net operating income in their flexible budget? $-47,600 $25,000 $51,400 $40,400 $26,100 Incorrect Question 6 0/1 pts King Kong has launched a banana-flavored ice cream company. Their sales and production for the past four years is below: Year 1 Year 2 Year 3 Year 4 Production in units. 5,000 6,000 5,000 5,000 Sales in units. 4,000 5,000 5,000 7,000 Selling price per unit, variable cost per unit, and total fixed cost are the same each year. There were no beginning inventories in Year 1. Which of the following statements is correct about net operating income (NOI)? Under absorption costing, NOI for Year 3 and Year 4 would be the same Under variable costing, NOI for Year 3 and Year 4 would be the same Absorption costing NOI would exceed variable costing NOI in Year 1 Under absorption costing, NOI for Year 2 and Year 3 would be the same Variable costing NOI would exceed absorption costing NOI in Year 2 Incorrect Question 7 0/1 pts Palante actually produced 8,000 units. The controller decided to compare their actual results to their budget. The following budget information is available: Expected Costs and Selling Price Based on 5,000 units: Variable manufacturing costs per unit $50 Fixed manufacturing costs per unit $20 Selling price per unit $80 Expected production level 5,000 units In the flexible budget, what is the total manufacturing cost? $560,000 $500,000 $400,000 $350,000 $80,000 Incorrect Question 10 0/1 pts Last year, Tapatio's absorption costing net operating income was $90,500 and ending inventory decreased by 250 units. Fixed manufacturing overhead cost per unit was $2 in both beginning and ending inventories, and variable manufacturing overhead per unit was $3 in both beginning and ending inventories. Determine the variable costing net operating income for last year. $91,250 $89,250 $90,500 $89,750 $91,750 $91,000 $90,000 Incorrect Question 12 0/1 pts Use the following information for questions 11 and 12. Swedish bases its budgets on the activity measure of patient-visits. During February, the clinic planned for 6,000 patient-visits, but its actual level of activity was 8,000 patient-visits. Revenue should be $54.00 per patient-visit. Medical supplies should be $1,300 per month plus $10.90 per patient-visit. Actual medical supplies expenses were $1,400 in fixed costs and $9.80 per patient-visit in variable costs. What is their spending variance for medical supplies? NOTE: Your answer should include no commas or dollar signs, and favorable or unfavorable should be denoted with the letters For U. For example, if your answer is $2020 favorable, you should enter "2020 F" (no quotation marks). 13,100 U Incorrect Question 13 0/1 pts Flubber Inc. makes a bouncy clay alternative. Their Boing-Boing" brand clay requires two gallons of whole milk for each package. Selected data from the Flubber's master budget for the next quarter are shown below: April May June Budgeted sales (units) 32,000 37,000 30,000 Budgeted production (units) 28,000 30,000 36,000 Desired ending inventory of milk (gallons) 3,000 3,600 2,700 How many gallons of milk should Flubber Inc. purchase in May? 10,600 Incorrect Question 14 0/1 pts Use the following information for questions 14 & 15: Tom Nook Inc. is selling brand new island homes to customers of Dodo Airlines. Operating data for the company and its absorption costing income statements for the last two years are presented below. Monetary units have been converted from Bells to US Dollars. Year 1 Year 2 Units in beginning inventory: Units produced: Units sold: Year 1 Year 2 Sales: $350,000 $525,000 Cost of goods sold: 240,000 360,000 Gross margin: 110,000 165,000 Selling and administrative expenses: 60,000 80,000 Net operating income: $50,000 $85,000 For both years: Variable manufacturing costs are $4,000 per unit. Fixed manufacturing overhead was $100,000 in each year. This fixed manufacturing overhead was applied at a rate of $2,000 per unit. Variable selling and administrative expenses were $1 per unit sold. Compute the unit product cost in Year 2 under variable costing. Incorrect Question 15 0/1 pts Use the following information for questions 14 & 15: Tom Nook Inc. is selling brand new island homes to customers of Dodo Airlines. Operating data for the company and its absorption costing income statements for the last two years are presented below. Monetary units have been converted from Bells to US Dollars. Year 1 Year 2 Units in beginning inventory: Units produced: Units sold: Year 1 Year 2 Sales: $350,000 $525,000 Cost of goods sold: 240,000 360,000 Gross margin: 110,000 165,000 Selling and administrative expenses: 60,000 80,000 Net operating income: $50,000 $85,000 For both years: Variable manufacturing costs are $4,000 per unit. Fixed manufacturing overhead was $100,000 in each year. This fixed manufacturing overhead was applied at a rate of $2,000 per unit. Variable selling and administrative expenses were $1 per unit sold. Compute the unit product cost in Year 1 under absorption costing