Score

:
20.67 out of 25 points (82.68%)

Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 (of 11)Question #11 (of 11)

1.
award:

2 out of 2 points

At an activity level of 9,300 units, variable costs totaled $27,900 and fixed costs totaled $23 units are produced and this activity is within the relevant range, then:
Total unit cost would equal $4.50. Total cost would equal $90,552. Total costs would equal $51,300. Fixed cost per unit would equal $4.30.

Score:
20.67 out of 25 points (82.68%)

Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 11)Question #11 (of 11)

2.
award:

2 out of 2 points
Given the cost formula Y = $12,700 + $8X, total cost at an activity level of 6,400 units would be: $12,700 $51,200 $19,100 $63,900

000.Score: 20.000 units? Assume that this level of activity is within the relevant range. At this sales level. award: 0 out of 2 points At a sales level of $417.700.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 #11 (of 11) 3.550 $741. at an activity level of 9.100 .275 $773. its total variable cost is $543.500. James Company's gross margin is $15.500 units. both fixed and variable.67 out of 25 points (82.250 Score: 20. and its selling and administrative expenses total $102. its net operating income is $55.) $771.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 (of 11) 4. (Do not round the variable cost per unit. its contribution margin would be: $173.000.67 out of 25 points (82.575 and its total fixed cost is $197.600 less than its contribution margin. award: 2 out of 2 points Krouse Corporation reports that at an activity level of 8. What would be the total cost.145 $575.

510 $619. award: 2 out of 2 points Callaham Corporation is a wholesaler that sells a single product.000 3.900 $335.400 $88.900 $249.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 The management of Harlow Corporation.000 Score: 20.350 $598. would like .00 Sales volume (units) Cost of sales Selling and administrative costs 2.100 The best estimate of the total contribution margin when 3.67 out of 25 points (82.$141.900 $157.500 $362. a manufacturing company.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 11) 5. Management has provided cost data for two levels of monthly sales volume.810 $593.67 out of 25 points (82.500 units are sold is: $817. The company sells the product for $280.150 Score: 20.400 $105.

000 The company had no beginning or ending inventories.000 $165.000 $203.000 $54.000 Score: .000 $19.your help in contrasting the traditional and contribution approaches to the income statement. award: 0 out of 2 points The gross margin for January was: $146.000 $23.000 $81.000 $12.000 $81. award: 2 out of 2 points The contribution margin for January was: $195. 6.000 $11.000 $177.000 7.000 $37.500 $191. The company has provided the following financial data for January: Sales Variable production expense Fixed production expense Variable selling expense Fixed selling expense Variable administrative expense Fixed administrative expense $237.

67 out of 25 points (82.0 00 $ 947.) The 4 x 4 Shop Income Statement (Contribution Format) For the First Quarter of the Current Year (Click to select)Variable $ 947700 .20.700 324.67 out of 2 points The 4 x 4 Shop is a large retailer of equipment for pickup trucks. award: 1. Required: Prepare an income statement for the quarter. on average.0 00 140. Omit the "$" sign in your response. using the contribution approach. The administrative expenses are 18% var fixed.000 623. for $351 each.700 The liners sell. The company purchases its liners from a supplier at a cost of $120 per liner.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 8. An income statement for bed liner department for the most recent quarter is presented below: The 4 x 4 Shop Income Statement--Liner Department For First Quarter of Current Year Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income $ 187. (Input a positive values. The department’s variable selling expenses ar sold.000 $ 296.700 327. The remaining selling expenses are fixed.

200 25.selling expenseSelling expenseCost of good soldAdministrative expenseSales Variable expenses: (Click to select)Cost of goods soldAdministrative expensesSelling expensesFixed production expenseSales (Click to select)Administrative expensesSalesCost of goods soldSelling expensesFixed production expense (Click to select)Cost of goods soldAdministrative expensesSalesFixed production expenseSelling expenses (Click to select)Contribution lossContribution margin Fixed expenses: (Click to select)Cost of goods soldSalesSelling expensesFixed production expenseAdministrative expenses (Click to select)SalesCost of goods soldAdministrative expensesSelling expensesFixed production expense (Click to select)Net operating incomeNet operating loss $ 324.800 100.000 70.800 217600 $ 310700 .200 419400 528300 116.

award: 2 out of 2 points A manufacturing company that produces a single product has provided the following data most recent month of operations: Unit 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ 149.600 12.800 0 6.Score: 20.800 6.400 400 $ $ $ $ 30 41 10 10 What is the variable costing unit product cost for the month? $103 $81 $91 .68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 9.67 out of 25 points (82.

$113 Score: 20.150 15 6.630 6. award: 2 out of 2 points A manufacturing company that produces a single product has provided the following data most recent month of operations: Unit 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 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ 165.750 32.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 10.430 215 $ $ $ $ 39 44 13 13 What is the absorption costing unit product cost for the month? $121 $109 $96 $134 .67 out of 25 points (82.

67 out of 25 points (82.(Input all amounts as positive values. (Omit the "$" sign in your response.800 $140.68%) Question #1 (of 11)Question #2 (of 11)Question #3 (of 11)Question #4 (of 11)Question #5 (of 1 11.400 units and sold 15.) ) . Om b in your response.) ) Unit product cost $38 ( Prepare an income statement for the year.Score: 20. The following costs were incur company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $18 $6 $2 $6 $220. award: 5 out of 5 points Lynch Company manufactures and sells a single product.000 During the year.400 units. Requirement 1: Assume that the company uses absorption costing: ( a Compute the unit product cost. the company produced 18. The sellin company's product is $60 per unit.

(Omit the "$" sign in your response.(Input all amounts as positive values. Om b in your response.400 4928 4312 .400 92.) ) Unit product cost $26 ( Prepare an income statement for the year.(Click to select)Cost of goods soldBeginning inventoryEnding inventorySelling and administrative expensesSales (Click to select)Selling and administrative expensesBeginning inventoryEnding inventorySalesCost of goods sold (Click to select)Gross lossGross profit (Click to select)Selling and administrative expensesEnding inventoryCost of goods soldSalesBeginning inventory (Click to select)Net operating incomeNet operating loss Requirement 2: Assume that the company uses variable costing: $924000 585200 338800 232400 $106400 ( a Compute the unit product cost.) ) (Click to select)Ending inventoryBeginning inventoryGoods available for saleVariable manufacturing costsSales Variable expenses: (Click to select)Variable cost of goods soldEnding inventoryBeginning inventoryVariable selling and administrative expensesSales (Click to select)Variable selling and administrative expensesEnding inventorySalesVariable cost of goods soldBeginning inventory (Click to select)Contribution marginVariable selling and administrative expensesVariable manufacturing costsFixed manufacturing overheadGoods available for sale Fixed expenses: $9240 $400.

(Click to select)Fixed manufacturing overheadSalesBeginning inventoryEnding inventoryFixed selling and administrative expenses (Click to select)Fixed manufacturing overheadFixed selling and administrative expensesSalesBeginning inventoryEnding inventory (Click to select)Net operating lossNet operating income 220.000 3608 $704 .800 140.