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How much are total variable costs

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Reference no: EM132550750

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Q1. York Manufacturing Company reported the following year-end information:

Beginning work in process inventory $75,000

Beginning raw materials inventory 20,000

Ending work in process inventory 73,000

Ending raw materials inventory 23,000

Raw materials purchased 220,000

Direct labour 170,000

Manufacturing overhead 80,000

How much is Hooter Manufacturing's cost of goods manufactured for the year?

a. $472,000

b. $469,000

c. $465,000

d. $470,000

Q2. Gift Gallery sold 2,000 Zooglars during 2020. Information is provided concerning the Zooglar product:

Sales $60,000

Variable costs 24,000

Fixed costs 10,000

Net income $26,000

If Gift Gallery sells 30 more units, by how much will its profit increase?

a. 18

b. 900

c. 390

d. 540

Q3. Sarks Company has a contribution margin of $150,000 and a contribution margin ratio of 30%. How much are total variable costs?

a. $105,000

b. $500,000

c. $45,000

d. $350,000

Q4. CopperZ Company has variable costs which are 40% of its unit selling price and fixed costs of $30,000. How many sales will CopperZ report at its break-even point in dollars?

a. $12,000

b. $75,000

c. $18,000

d. $50,000

Reference no: EM132550750

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