1. Kelsay Corporation has provided the following contribution format income statement. Let's assume that the following information is in the relevant range.

Sales (9,000 units)	$	540.000
variable expenses		405.000
Contribution margin		135.000
Fixed costs		130.500
Net operating income	$	4.500

What is the  contribution margin per unit

2. Maruca Corporation has provided the following contribution format income statement. Let's assume that the following information is in the relevant range.

Sales (9,000 units)	$	270.000
variable expenses		175.500
Contribution margin		94.500
Fixed costs		86.100
Net operating income	$	8.400

What is the dollar margin of safety?

3.A manufacturer producing a single product has provided the following data for its most recent month of operation:

Sale price	$	121
Units in initial inventory		0
Produced units		6.000
units sold		5.600
Units in the closing inventory		400
Variable costs per unit:
Direct materials	$	38
direct labor	$	53
Variable production load	$	3
Variable selling and administrative expenses	$	11
Fixed costs:
Fixed production load	$	60.000
Fixed selling and administrative expenses	$	28.000

What is the total period cost of the month in variable costing?

4.Beamish Inc., which manufactures a single product, provided the following data for its most recent operating month:

Number of units produced		8.000
Variable costs per unit:
Direct materials	$	37
direct labor	$	56
Variable production load	$	4
Variable selling and administrative expenses	$	2
Fixed costs:
Fixed production load	$	312.000
Fixed selling and administrative expenses	$	448.000

There was no start or end inventory. What was the absorption cost per unit product cost ?

5.Hadley Corporation, which has only one product, provided the following data for the most recent operating month:

Sale price	$	126
Units in initial inventory		0
Produced units		1.900
units sold		1.800
Units in the closing inventory		100

Variable costs per unit:
Direct materials	$	49
direct labor	$	28
Variable production load	$	5
Variable selling and administrative expenses	$	11
Fixed costs:
Fixed production load	$	32.300
Fixed selling and administrative expenses	$	23.400

What is the total period cost of the month in variable costing?

6.Hadley Corporation, which has only one product, provided the following data for the most recent operating month:

Sale price	$	126
Units in initial inventory		0
Produced units		1.900
units sold		1.800
Units in the closing inventory		100

Variable costs per unit:
Direct materials	$	49
direct labor	$	28
Variable production load	$	5
Variable selling and administrative expenses	$	11
Fixed costs:
Fixed production load	$	32.300
Fixed selling and administrative expenses	$	23.400

What is the monthly net operating income under variable costing?

7. Scheney Company uses the weighted average method in its process costing system. The company's business process inventory as of March 31 consisted of 26,000 units. The units in the last study in the process inventory were 100% completed in terms of materials and 80% in terms of labor and overhead. If the equivalent cost per unit for March was $3.00 for materials and $4.90 for labor and overhead

What was the total cost in process inventory at March 31 ?

Answer rating: 100% (QA)

Lets calculate the answers to your questions one by one 1 What is the contribution margin per unit Contribution margin per unit is calculated as follows Contribution Margin per Unit Sales per Unit Var... View the full answer