A cement manufacturer has supplied the following data: A cement manufacturer has supplied the following data:Tons of cement produced and soldSales revenueVariable manufacturing expenseFixed manufacturing expense240,000$1,056,000$428,000$287,000Variable selling and administrative expense $52,000Fixed selling and administrative expense $227,000Net operating income$62,000What is the company's unit contribution margin?a. $2.00 per unitb. $0.42 per unitc. $4.40 per unitd. $2.40 per unit

Step 1: Define Contribution Margin AnalysisThe concept of the contribution margin analysis is useful…

Answered: A cement manufacturer has supplied the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income What is the company's unit contribution margin? 220,000 $924,000 $297,000 $280,000 $165,000 $82,000 $100,000
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: 230,000 $ 934,000 $285,000 $286,000 $ 135,300 $ 84,000 $ 143,700 ○ 38.9% 15.4% ○ 69.4% ○ 55.0%
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: NOTE: The answer is in percentage form, write in this format: 25 NOT 25%. 220,000 $924,000 $297,000 $280,000 $165,000 $82,000 $100,000
8) A cement manufacturer has supplied the following data: Tons of cement produced and sold=220000 sales revenue=$924,000 variable manufacturing exp=$297,000 fixed manufacturing exp=$280,000 variable selling and admin. exp.=$180,000 fixed selling and admin. exp.=$82,000 The company's contribution margin and net income are: Group of answer choices $447,000 and $85,000 $562,000 and $100,000 $347,000 and $85,000 $662,000 and $82,000
A cement manufacturer has supplied the following data: Tons of cement produced and sold 290, 000 $994, 000 $235,000 $322,000 $172,540 $ 96,000 $168,460 Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: Multiple Choice 44.0% 16.9%
A cement manufacturer has supplied the following data: Tons of cement produced and sold $260,000 sales revenue $1,118,000 Variable manufacturing expense $429,000 Fixed manufacturing expense $228,000 Variable selling and administrative expense $82,000 Fixed selling and administrative expense $91,000 Net operating income. $82,000 What is the company's unit contribution margin? What is the company's contribution margin ratio?If the company increases its unit sales volume by 3% without increasing its fixed expenses, what will total net operating income be?
What is the cost formula for maintenance for this general accounting question?
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
How would each of the following costs be classified if units produced is the activity base? a. Salary of factory supervisor ($120,000 per year) b. Straight-line depreciation of plant and equipment c. Property rent of $11,500 per month on plant and equipment
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify each of the costs using the following table format. Be sure to total the amounts in each column. Example: Direct materials, 216,000. 2. What was the total product cost for last year? 3. What was the total period cost for last year? 4. If 30,000 units were produced last year, what was the unit product cost?

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