Question
Understand you can only answer 1 question, but I guarantee a thumps up if you give the extra effort. Question refers to this data Variable
Understand you can only answer 1 question, but I guarantee a thumps up if you give the extra effort.
Question refers to this data
Variable production costs $480,000
Variable S and A costs $55,000
Fixed S and A costs $100,000
Fixed production costs $270,000
Unit sales price $ 8
production in units $120,000
Sales in units 110,000
Under full costing, the value of the ending inventory is:
A. $80,000
B. 62,500
C. $40,000
D. $210,000
Under variable costing, the cost per unit is
A. $2.25
B. $6.25
C. $4.36
D $210,000
under full costing, net income (loss) is:
A. $37,500
B. $15,000
C $(25,000)
D. none of the above
under variable costing, the contribution margin is:
A. 192,000
B. 345,000
c. 385,000
D. 400,000
Under full costing, the amount of deferred overhead is
A. $0
B. $22, 500
C $270,000
D. None of the above
Question refers to this data
Unit sales price $20
Variable production cost per unit $8
Variable S and A cost per unit $2
Fixed overhead cost $150,000
Fixed selling and admin, cost $200,000
Units produced $50,000
Units sold $48,000
Using full costing, the cost per unit is
A. $8
B. $11
C. $12
D. $9.05
Using variable costing, the cost of the ending inventory is:
A. $40,000
b. $22,000
C. $16,000
D. $24,000
Using variable costing, the contribution margin is
A. $576,000
B. 432,000
C. $336,000
d. $480,000
Using full costing, the gross margin is
A. $576,000
B. 432,000
C.336,000
D. $480,000
Total period costs under variable costing are
A. $350,000
B. $296,000
C.$446,000
D.$200,000
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