Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $90,400. The South Division's divisional segment margin is $35,700 and the West Division's divisional segment margin is $174,700. What is the amount of the common fixed expense not traceable to the individual divisions? Multiple Choice Multiple Choice $265,100 $210,400 $120,000 $126,100 Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,400 for Division A. Division B had a contribution margin ratio of 35% and its sales were $243,000. Net operating income for the company was $36,800 and traceable fixed expenses were $51,000. Corbel Corporation's common fixed expenses were: Multiple Choice o $43,650 o $51,000 o $94,650 o $131,450 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $710,000 $342,000 $137,000 $854,000 $456,000 $152,000 Common fixed expenses totaled $397,000 and were allocated as follows: $185,000 to the Apparel business segment and $212,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel Accessories Net operating income (loss) Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 115 385 6,450 6,230 605 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 42 22 A GA GA GA $ 109,650 $ 74,760 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Required A Required B Required a Required B Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses: Fixed expenses: Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement for the month using absorption costing. Absorption Costing Income Statement Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,150 $25,300 $10,500 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 MHs (Processing) 9,900 600 10,500 Batches (Supervising) 550 550 1,100 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product MO Product M5 $ 74,900 $ 90,400 $ 28,600 $ 31,500 $ 27,900 $ 41,800 The activity rate for the Supervising activity cost pool under activity-based costing is closest to: Multiple Choice $32.55 per batch $25.86 per batch $23.00 per batch $5.73 per batch Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 4,900 $34,200 $11,200 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 MHs (Processing) 13,300 700 14,000 Batches (Supervising) 900 900 1,800 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product Me $ 81,000 $ 29,300 $ 28,600 Product M5 $ 93,900 $ 32,200 $ 42,500 What is the overhead cost assigned to Product M5 under activity-based costing? Multiple Choice $26,992 $18,088 $41,000 $17,345 Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $46,000; Supervising, $30,500; and Other, $26,500. Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product 06 Product D7 Total MHs (Processing) 14,800 820 15,620 Batches (Supervising) 1,070 1,040 2,110 The activity rate for the Processing activity cost pool under activity-based costing is closest to: Multiple Choice o $262 per MH o $3.24 per MH o $2.94 per MH o $737 per MH Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pool Setting up batches Processing customer orders Assembling products Activity Rate $59.46 per batch $72.90 per customer order $ 4.15 per assembly hour Data concerning two products appear below: Product K91B 87 Number of batches Number of customer orders Number of assembly hours Product F650 58 51 898 37 491 How much overhead cost would be assigned to Product K91B using the activity-based costing system? (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 0 $9,90797 $9,907.97 $89,171.73 89.773 $5,173.02 o oo $136.51 Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 22,730 790 research hours $1,314,222 7,553 meeting hours $ 94,090 5,890 documents The activity rate for the "meeting with clients activity cost pool is closest to: Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 22,730 790 research hours $1,314,222 7,553 meeting hours $ 94,090 5,890 documents The activity rate for the "meeting with clients activity cost pool is closest to: Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,740 $27,840 $10,600 Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHS Batches Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHS Product MO Product M5 (Processing) 10,450 550 11,000 Batches (Supervising) 600 600 1,200 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. MO Sales (total) Direct materials (total) Direct labor (total) Product Product M5 $75,700 $90,900 $28,700 $31,600 $28,000 $41,900 What is the product margin for Product M5 under activity-based costing? Multiple Choice $19.000 $17,400 $3,293 $1,527 Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $90,400. The South Division's divisional segment margin is $35,700 and the West Division's divisional segment margin is $174,700. What is the amount of the common fixed expense not traceable to the individual divisions? Multiple Choice Multiple Choice $265,100 $210,400 $120,000 $126,100 Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,400 for Division A. Division B had a contribution margin ratio of 35% and its sales were $243,000. Net operating income for the company was $36,800 and traceable fixed expenses were $51,000. Corbel Corporation's common fixed expenses were: Multiple Choice o $43,650 o $51,000 o $94,650 o $131,450 Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel Variable expenses, Apparel Traceable fixed expenses, Apparel Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $710,000 $342,000 $137,000 $854,000 $456,000 $152,000 Common fixed expenses totaled $397,000 and were allocated as follows: $185,000 to the Apparel business segment and $212,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel Accessories Net operating income (loss) Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $ 115 385 6,450 6,230 605 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 42 22 A GA GA GA $ 109,650 $ 74,760 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing. Complete this question by entering your answers in the tabs below. Required A Required B Required a Required B Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses: Fixed expenses: Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement for the month using absorption costing. Absorption Costing Income Statement Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,150 $25,300 $10,500 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 MHs (Processing) 9,900 600 10,500 Batches (Supervising) 550 550 1,100 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product MO Product M5 $ 74,900 $ 90,400 $ 28,600 $ 31,500 $ 27,900 $ 41,800 The activity rate for the Supervising activity cost pool under activity-based costing is closest to: Multiple Choice $32.55 per batch $25.86 per batch $23.00 per batch $5.73 per batch Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 4,900 $34,200 $11,200 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product MO Product M5 MHs (Processing) 13,300 700 14,000 Batches (Supervising) 900 900 1,800 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product Me $ 81,000 $ 29,300 $ 28,600 Product M5 $ 93,900 $ 32,200 $ 42,500 What is the overhead cost assigned to Product M5 under activity-based costing? Multiple Choice $26,992 $18,088 $41,000 $17,345 Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $46,000; Supervising, $30,500; and Other, $26,500. Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product 06 Product D7 Total MHs (Processing) 14,800 820 15,620 Batches (Supervising) 1,070 1,040 2,110 The activity rate for the Processing activity cost pool under activity-based costing is closest to: Multiple Choice o $262 per MH o $3.24 per MH o $2.94 per MH o $737 per MH Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost Pool Setting up batches Processing customer orders Assembling products Activity Rate $59.46 per batch $72.90 per customer order $ 4.15 per assembly hour Data concerning two products appear below: Product K91B 87 Number of batches Number of customer orders Number of assembly hours Product F650 58 51 898 37 491 How much overhead cost would be assigned to Product K91B using the activity-based costing system? (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 0 $9,90797 $9,907.97 $89,171.73 89.773 $5,173.02 o oo $136.51 Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 22,730 790 research hours $1,314,222 7,553 meeting hours $ 94,090 5,890 documents The activity rate for the "meeting with clients activity cost pool is closest to: Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Researching legal issues Meeting with clients Preparing documents Total Cost Total Activity $ 22,730 790 research hours $1,314,222 7,553 meeting hours $ 94,090 5,890 documents The activity rate for the "meeting with clients activity cost pool is closest to: Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $ 3,740 $27,840 $10,600 Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHS Batches Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHS Product MO Product M5 (Processing) 10,450 550 11,000 Batches (Supervising) 600 600 1,200 Total Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. MO Sales (total) Direct materials (total) Direct labor (total) Product Product M5 $75,700 $90,900 $28,700 $31,600 $28,000 $41,900 What is the product margin for Product M5 under activity-based costing? Multiple Choice $19.000 $17,400 $3,293 $1,527