ACCT 2230 Chapter Notes - Chapter 2: Gross Margin, Finished Good, Earnings Before Interest And Taxes
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#6
Schwiesow Corporation has provided the following information:
Cost per Unit | Cost per Period | |||
Direct materials | $ | 7.05 | ||
Direct labor | $ | 3.50 | ||
Variable manufacturing overhead | $ | 1.65 | ||
Fixed manufacturing overhead | $ | 11,000 | ||
Sales commissions | $ | 1.00 | ||
Variable administrative expense | $ | 0.40 | ||
Fixed selling and administrative expense | $ | 5,500 | ||
For financial reporting purposes, the total amount of period costs incurred to sell 5,000 units is closest to:
$5,500
$8,300
$12,500
$7,000
#3
Kesterson Corporation has provided the following information:
Cost per Unit | Cost per Period | |||
Direct materials | $ | 6.20 | ||
Direct labor | $ | 3.10 | ||
Variable manufacturing overhead | $ | 1.35 | ||
Fixed manufacturing overhead | $ | 14,000 | ||
Sales commissions | $ | 1.50 | ||
Variable administrative expense | $ | 0.40 | ||
Fixed selling and administrative expense | $ | 4,500 | ||
If the selling price is $21.90 per unit, the contribution margin per unit sold is closest to:
$12.60
$9.35
$8.45
$5.65
#1
At a volume of 5,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including $14,000 in fixed costs. If volume increases to 6,000 units and both 5,000 units and 6,000 units are within the relevant range, then the company would expect to incur total factory overhead costs of: (Round intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-06-28
$21,600
$35,600
$32,000
$18,000