Question: [10:02 PM, 1/29/2021] .: Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent

[10:02 PM, 1/29/2021] .: Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory: Units in beginning work in process inventory 600 Materials costs $ 7,000 Conversion costs $ 2,300 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 6,500 Units transferred to the next department during the month 5,700 Materials costs added during the month $ 110,100 Conversion costs added during the month $ 83,200 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent c [10:14 PM, 1/29/2021] .: The following information pertains to Oklahoma Co.'s Tulsa Division for the month of April:

Units Materials Beginning Work-in-Process 15,000 $ 5,500 Started in April 40,000 $ 18,000 Units completed 42,500 Ending Work-in-Process 12,500 All materials are added at the beginning of the process. Using the weighted-average method, the cost per equivalent unit of materials is: (CPA adapted) (Round your answer to 2 decimal places.) $0.59. $0.45. $0.55. $0.43. [10:29 PM, 1/29/2021] .: Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 106 Units in beginning inventory 0 Units produced 2,600 Units sold 2,200 Units in ending inventory 400

Variable costs per unit: Direct materials $ 46 Direct labor $ 28 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 33,800 Fixed selling and administrative expense $ 8,800

The total contribution margin for the month under variable costing is: $37,400 $66,000 $50,600 $16,800 [10:37 PM, 1/29/2021] .: Bryans Corporation has provided the following data for its two most recent years of operation:

Selling price per unit $ 53 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 13 Direct labor $ 6 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 71,000

Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced 9,000 7,000 Units sold 6,000 7,000 Units in ending inventory 3,000 3,0000

The unit product cost under variable costing in Year 1 is closest to: $24.00 $28.00 $35.00 $31.00 [10:40 PM, 1/29/2021] .: Neef Corporation has provided the following data for its two most recent years of operation:

Selling price per unit $ 84 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 12 Direct labor $ 5 Variable manufacturing overhead $ 4 Fixed manufacturing overhead per year $ 432,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 5 Fixed selling and administrative expense per year $ 61,000

Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced 12,000 9,000 Units sold 9,000 10,000 Units in ending inventory 3,000 2,0000

The net operating income (loss) under variable costing in Year 1 is closest to: $29,000 $137,000 $522,000 $567,000 [11:03 PM, 1/29/2021] .: Creswell Corporation's fixed monthly expenses are $27,500 and its contribution margin ratio is 61%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $87,000? $25,570 $6430 $59,500 $53,070

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