What is the total period cost for the month

Assignment Help Accounting Basics

Reference no: EM131017301

If I can have the explanations that would be great, thank you.

1. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$112

Units in beginning inventory	0
Units produced	5,500
Units sold	5,300
Units in ending inventory	200

Variable costs per unit:
Direct materials	$33
Direct labor	$37
Variable manufacturing overhead	$5
Variable selling and administrative	$6

Fixed costs:
Fixed manufacturing overhead	$71,500
Fixed selling and administrative	$79,500

What is the net operating income for the month under absorption costing?

$1,700
$15,900
$13,300
$2,600.

2. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Units in beginning inventory	0
Units produced	7,300
Units sold	7,200
Units in ending inventory	100

Variable costs per unit:
Direct materials	$29
Direct labor	$49
Variable manufacturing overhead	$5
Variable selling and administrative	$4
Fixed costs:
Fixed manufacturing overhead	$94,900
Fixed selling and administrative	$79,200

What is the absorption costing unit product cost for the month?

$87 per unit
$100 per unit
$83 per unit
$96 per unit

3. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$132

Units in beginning inventory	0
Units produced	1,100
Units sold	800
Units in ending inventory	300

Variable costs per unit:
Direct materials	$48
Direct labor	$17
Variable manufacturing overhead	$2
Variable selling and administrative	$4
Fixed costs:
Fixed manufacturing overhead	$39,600
Fixed selling and administrative	$7,200

What is the total period cost for the month under absorption costing?

$50,000
$39,600
$7,200
$10,400

4. Under absorption costing, product costs include:

Variable manufacturing overhead	Fixed manufacturing overhead
Yes	Yes
No	No
Yes	No
No	Yes

Option B
Option A
Option C
Option D

5. Sharron Inc., which produces a single product, has provided the following data for its most recent month of operations:

Number of units produced	3,000
Variable costs per unit:
Direct materials	$91
Direct labor	$13
Variable manufacturing overhead	$7
Variable selling and administrative expense	$6
Fixed costs:
Fixed manufacturing overhead	$237,000
Fixed selling and administrative expense	$165,000

There were no beginning or ending inventories. The variable costing unit product cost was:

$190 per unit
$111 per unit
$117 per unit
$110 per unit

6. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$89

Units in beginning inventory	0
Units produced	4,300
Units sold	4,000
Units in ending inventory	300

Variable costs per unit:
Direct materials	$13
Direct labor	$35
Variable manufacturing overhead	$1
Variable selling and administrative	$10
Fixed costs:
Fixed manufacturing overhead	$77,400
Fixed selling and administrative	$24,000

The total contribution margin for the month under variable costing is:

$88,000
$42,600
$160,000
$120,000

Reference no: EM131017301

Questions Cloud

Provide brief discussion of what makes the graph a poor one : Post an example of a poorly made graph. Provide the source of your graph. Provide a brief discussion of what makes the graph a poor one. A couple of sentences.

Evaluate abc current occ : ABC Company is considering expanding its operation globally. ABC has come to you, an expert on organizational change, for consulting advice. Evaluate ABC's current OCC. What advice would you provide in order to better position ABC to successfully ..

Paper on relationship to ac power : Do some research on Nikola Tesla and write a 1200 word paper on his relationship to AC power. How has this man affected our daily lives, and has he received the recognition that he deserves?

Determine x or y to the nearest integer as indicated : Use the following graph of a function f to determine x or y to the nearest integer as indicated. Some problems may have more than one answer.

What is the total period cost for the month : What is the total period cost for the month under absorption costing? $50,000, $39,600, $7,200, $10,400

What is the difference between hypotonic and hypertonic : What is the difference between hypotonic and hypertonic?

Molecules move from a high to low concentration : Molecules move from a high to low concentration

Teenage pregnancy is a phenomenon threatening : Teenage pregnancy is a phenomenon threatening the health of young women and our society. Young teenagers are less likely to have a healthy baby than women in their 20s. Teenage mothers are also much less likely to have the material means to provide f..

Describe the flow of communication in chronological order : Describe a situation in which you had a conflict with a subordinate or supervisor. What were the concrete issues? Describe the flow of communication in chronological order

User Account

All Pages