A company produces a single product. Variable production costsare $13.1 per unit and variable selling and administrative expensesare $4.1 per unit. Fixed manufacturing overhead totals $47,000 andfixed selling and administration expenses total $51,000. Assuming abeginning inventory of zero, production of 5,100 units and sales of4,150 units, the dollar value of the ending inventory undervariable costing would be:
A company produces a single product. Variable production costsare $13.1 per unit and variable selling and administrative expensesare $4.1 per unit. Fixed manufacturing overhead totals $47,000 andfixed selling and administration expenses total $51,000. Assuming abeginning inventory of zero, production of 5,100 units and sales of4,150 units, the dollar value of the ending inventory undervariable costing would be: |
Related questions
A manufacturing company that produces a single product hasprovided the following data concerning its most recent month ofoperations: |
| Units in beginninginventory | 0 |
| Units produced | 4,400 |
| Units sold | 4,300 |
| Units in endinginventory | 100 |
Variable costs per unit:
| Directmaterials | $ | 49 |
| Direct labor | $ | 51 |
| Variable manufacturingoverhead | $ | 14 |
| Variable selling andadministrative | $ | 12 |
Fixed costs:
| Fixedmanufacturing overhead | $ | 92,400 |
| Fixed selling andadministrative | $ | 43,000 |
What is the variable costing unit product cost for the month?
$126 per unit
$147 per unit
$114 per unit
$127 per unit
A company produces a single product. Variable production costsare $13.3 per unit and variable selling and administrative expensesare $4.3 per unit. Fixed manufacturing overhead totals $49,000 andfixed selling and administration expenses total $53,000. Assuming abeginning inventory of zero, production of 5,300 units and sales of4,250 units, the dollar value of the ending inventory undervariable costing would be: |
$13,965
$23,415
$18,480
$9,450
A manufacturing company that produces a single product hasprovided the following data concerning its most recent month ofoperations: |
| Selling price | $150 |
| Units in beginninginventory | 150 |
| Units produced | 7,300 |
| Units sold | 6,900 |
| Units in endinginventory | 550 |
| Variable cost perunit: | |
| Directmaterials | $48 |
| Direct labor | $43 |
| Variablemanufacturing overhead | $8 |
| Variable selling andadministrative | $4 |
| Fixed costs: | |
| Fixed manufacturingoverhead | $233,600 |
| Fixed selling andadministrative | $82,800 |
What is the total period cost for the month under variablecosting? |
$233,600
$110,400
$316,400
$344,000
A manufacturing company that produces a single product hasprovided the following data concerning its most recent month ofoperations: |
| Selling price | $135 |
| Units in beginninginventory | 0 |
| Units produced | 2,770 |
| Units sold | 2,550 |
| Units in endinginventory | 220 |
| Variable cost perunit: | |
| Directmaterials | $49 |
| Direct labor | $16 |
| Variablemanufacturing overhead | $13 |
| Variable selling andadministrative | $12 |
| Fixed costs: | |
| Fixed manufacturingoverhead | $94,180 |
| Fixed selling andadministrative expenses | $17,850 |
The total gross margin for the month under absorption costingis: |
$58,650
$10,200
$103,950
$114,750
Brummitt Corporation has two divisions: the BAJ Division and theCBB Division. The corporation's net operating income is $11,500.The BAJ Division's divisional segment margin is $80,100 and the CBBDivision's divisional segment margin is $45,500. What is the amountof the common fixed expense not traceable to the individualdivisions? |
$91,600
$114,100
$57,000
$125,600
Quinnett Corporation has two divisions: the Export ProductsDivision and the Business Products Division. The Export ProductsDivision's divisional segment margin is $44,300 and the BusinessProducts Division's divisional segment margin is $96,700. The totalamount of common fixed expenses not traceable to the individualdivisions is $111,600. What is the company's net operatingincome? |
$252,600
$141,000
$29,400
($141,000)
Aaker Corporation, which has only one product, has provided thefollowing data concerning its most recent month of operations: |
| Sellingprice | $167 |
| Units in beginninginventory | 0 |
| Units produced | 7,150 |
| Units sold | 6,850 |
| Units in endinginventory | 300 |
| Variable costs perunit: | |
| Directmaterials | $29 |
| Directlabor | $59 |
| Variablemanufacturing overhead | $23 |
| Variableselling and administrative | $23 |
| Fixed costs: | |
| Fixedmanufacturing overhead | $193,050 |
| Fixedselling and administrative | $29,100 |
What is the unit product cost for the month under variablecosting?
$134 per units
$161 per units
$138 per units
$111 per units
13 A manufacturing company that produces a single product hasprovided the following data concerning its most recent month ofoperations: |
Selling price | $149 |
Units in beginning inventory | 0 |
Units produced | 2,770 |
Units sold | 2,520 |
Units in ending inventory | 250 |
Variable costs per unit: | |
Direct materials | $51 |
Direct labor | $20 |
Variable manufacturing overhead | $10 |
Variable selling and administrative | $12 |
Fixed costs: | |
Fixed manufacturing overhead | $96,950 |
Fixed selling and administrative expenses | $35,280 |
The total gross margin for the month under absorption costingis: |
$83,160
$17,640
$130,320
$141,120
14 A manufacturing company that produces a single product hasprovided the following data concerning its most recent month ofoperations: |
Units in beginning inventory | 0 |
Units produced | 4,750 |
Units sold | 4,650 |
Units in ending inventory | 100 |
Variable costs per unit:
Direct materials | $ | 56 |
Direct labor | $ | 58 |
Variable manufacturing overhead | $ | 21 |
Variable selling and administrative | $ | 19 |
Fixed costs:
Fixed manufacturing overhead | $ | 99,750 |
Fixed selling and administrative | $ | 46,500 |
What is the variable costing unit product cost for the month?
$154 per unit
$175 per unit
$135 per unit
$141 per unit
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15 Bartelt Inc., which produces a single product, has providedthe following data for its most recent month of operations: |
Number of units produced | 4,600 |
Variable costs per unit: | |
Direct materials | $108 |
Direct labor | $105 |
Variable manufacturing overhead | $5 |
Variable selling and administrative expense | $12 |
Fixed costs: | |
Fixed manufacturing overhead | $184,000 |
Fixed selling and administrative expense | $322,000 |
There were no beginning or ending inventories. The absorptioncosting unit product cost was: |
$213 per unit
$258 per unit
$218 per unit
$340 per unit
16 Rehmer Corporation is working on its direct labor budget forthe next two months. Each unit of output requires 0.09 directlabor-hours. The direct labor rate is $8.50 per direct labor-hour.The production budget calls for producing 5,600 units in June and6,100 units in July. |
Required: | ||||||||||||||||||
| Construct the direct labor budget for the next two months,assuming that the direct labor work force is fully adjusted to thetotal direct labor-hours needed each month. (Round youranswers to 2 decimal places.)
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