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What is the unit product cost for the month under variable costing? QUESTION 20 1. 2. Bateman Corporation, which has only one product, has provided
What is the unit product cost for the month under variable costing?
QUESTION 20 1. 2. Bateman Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $117 Units in beginning inventory 0 Units produced 4,700 Units sold 4,400 Units in ending inventory 300 Variable costs per unit: Direct materials $36 Direct labor $38 Variable manufacturing $4 overhead Variable selling and $11 administrative Fixed costs: Fixed manufacturing $89,30 overhead 0 Fixed selling and $26,40 administrative 0 What is the unit product cost for the month under variable costing? $89 per unit $97 per unit $108 per unit $78 per unit 1. 3 points QUESTION 21 1. At an activity level of 8,800 units, Pember Corporation's total variable cost is $146,520 and its total fixed cost is $219,296. Required: For the activity level of 8,900 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range. Path: p Words:0 8 points QUESTION 22 1. Marano Corporation produces and sells a single product. In October, the company sold 6,200 units. Its total sales were $223,200, its total variable expenses were $105,400, and its total fixed expenses were $100,400. Required: a. Construct the company's contribution format income statement for October. b. Redo the company's contribution format income statement assuming that the company sells 6,400 units. Submit your answer in a table format for each prompt. You can create a table in your answer submission box by clicking the table icon in the formatting toolbar ( ). Path: p Words:0 8 points QUESTION 23 1. Mat Corporation's actual manufacturing overhead cost for the month ended March 31 was $78,000. The company's predetermined overhead rate was 50% of direct labor cost. Other information pertaining to Mat Corporation's inventories and production for the month of March is as follows: Beginning inventories, March 1: Work in process Finished goods Direct materials cost Direct labor cost $40,00 0 $102,0 00 $104,0 00 $160,0 00 Ending inventories, March 31: Work in process Finished goods $36,00 0 $105,0 00 2. Required: a. Determine the underapplied or overapplied overhead for the month. b. Determine the Cost of Goods Manufactured for the month. Submit your answer in a table format. To create, click the table icon ( 3. ) on the top of your answer submission box. Path: p Words:0 8 points QUESTION 24 1. Sproull Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expenses 2,000 $21 $75 $7 $6 $116,0 00 $40,00 0 2. The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. 3. Submit your answer in table format. Create a table by clicking the table 4. icon ( ) in the formatting bar at the top of your answer submission box. 5. Path: p Words:0 8 points QUESTION 25 1. Data for March concerning Mauger Corporation's two major business segments-Fibers and Feedstocks-appear below: Sales revenues, Fibers $560,0 00 Sales revenues, Feedstocks Variable expenses, Fibers Variable expenses, Feedstocks Traceable fixed expenses, Fibers Traceable fixed expenses, Feedstocks $810,0 00 $235,0 00 $348,0 00 $90,00 0 $113,0 00 2. Common fixed expenses totaled $461,000 and were allocated as follows: $249,000 to the Fibers business segment and $212,000 to the Feedstocks business segment. Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts. Please submit in a table format, which can be created by clicking the table icon ( top of your answer box. ) on theStep by Step Solution
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