Question: Understand you can only answer 1 question, but I guarantee a thumps up if you give the extra effort. Question refers to this data Variable

Understand you can only answer 1 question, but I guarantee a thumps up if you give the extra effort.

Question refers to this data

Variable production costs $480,000

Variable S and A costs $55,000

Fixed S and A costs $100,000

Fixed production costs $270,000

Unit sales price $ 8

production in units $120,000

Sales in units 110,000

Under full costing, the value of the ending inventory is:

A. $80,000

B. 62,500

C. $40,000

D. $210,000

Under variable costing, the cost per unit is

A. $2.25

B. $6.25

C. $4.36

D $210,000

under full costing, net income (loss) is:

A. $37,500

B. $15,000

C $(25,000)

D. none of the above

under variable costing, the contribution margin is:

A. 192,000

B. 345,000

c. 385,000

D. 400,000

Under full costing, the amount of deferred overhead is

A. $0

B. $22, 500

C $270,000

D. None of the above

Question refers to this data

Unit sales price $20

Variable production cost per unit $8

Variable S and A cost per unit $2

Fixed overhead cost $150,000

Fixed selling and admin, cost $200,000

Units produced $50,000

Units sold $48,000

Using full costing, the cost per unit is

A. $8

B. $11

C. $12

D. $9.05

Using variable costing, the cost of the ending inventory is:

A. $40,000

b. $22,000

C. $16,000

D. $24,000

Using variable costing, the contribution margin is

A. $576,000

B. 432,000

C. $336,000

d. $480,000

Using full costing, the gross margin is

A. $576,000

B. 432,000

C.336,000

D. $480,000

Total period costs under variable costing are

A. $350,000

B. $296,000

C.$446,000

D.$200,000

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