Reference: Accounting for Decision Making and Control 10th Edition by Jerold Zimmerman

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Chamiching makes hacksaw blades. Inventory valu hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of and a general inflationary price increase. For Chamiching, which of the following is true? The variable cost of year 2 ending inventory i b The full cost of year 2 ending inventory is dou There are 3,000 hacksaw blades in ending inv The fixed cost per unit in year 3 is $2.72 None of the aboveChamiching makes hacksaw blades. Inventory valu hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of and a general inflationary price increase. For Chamiching, which of the following is true? a Variable costing income (VCI) exceeds full cos b VCI exceeds FCI in years 1 and 2 only C VCI exceeds FCI in years 2 and 3 only d VCI never exceeds FCI None of the aboveChamiching makes hacksaw blades. Inventory values are hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of the fu and a general inflationary price increase. For Chamiching, which of the following is true? a Year 3's gross profit is 171,687 D Year 1's gross profit is 48,000 C Year 2's gross profit is to 123,200 Year 2's gross profit is to 129,513 e None of the aboveChamiching makes hacksaw blades. Inventory valu hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of and a general inflationary price increase. For Chamiching, if absorption costing is used, which a Yr 1's ending inventory is b Yr 2's gross profit is C Yr 3's CGS is d Yr 3's goods avaiable for sale is None of the aboveChamiching makes hacksaw blades. Inventory valu hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of and a general inflationary price increase. For Chamiching, when variable costing income is re a In year 1, $12,000 is added to variable costing b In year 3, $6,887 is added to variable costing C In year 2, $5,113 is deducted from variable cc d In year 2, $5,113 is added to variable costing e None of the aboveChamiching makes hacksaw blades. Inventory valu hacksaw blades sold year 1 18,000 year 2 25,000 year 3 37,000 In the first year, variable costs accounted for half of and a general inflationary price increase. For Chamiching, which of the following is true? a The company should always choose absorpti b The company should always choose absorpti Over the 3 years, Chamiching accumulates th d b and c only a, b, and c