Hi expart Provide solution A company produces a single product.Variable production costs$12.8unitperVariable selling and administrative expenses $3.8 per unitFixed manufacturing overhead totals$44,000Fixed selling and administration expenses $48,000totalAssuming a beginning inventory of zero, production of 4,800units, and sales of 4,000 units, the dollar value of the endinginventory under variable costing would be:A. $10,240B. $17,440C. $13,280D. $7,200

Step 1: Define Variable Costing MethodThe product costs and period costs for a firm may be…

Answered: A company produces a single product.…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4BE

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Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable costs are $5 per unit, what are their fixed costs? $240,000 $200,000 $260,000 Their fixed costs cannot be determined from the information presented.
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200
Under absorption costing, the cost of goods sold would be: A. 39,000 B. 62,400 C. 70,200D. 71,000
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A company produces a single product. Variable production costs are $12.80 per unit and variable selling and administrative expenses are $3.80 per unit. Fixed manufacturing overhead totals $44,000 and fixed selling and administration expenses total $48,000. Assuming a beginning inventory of zero, production of 4,800 units and sales of 4,000 units, the dollar value of the ending inventory under variable costing would be: Multiple Choice $17,440 $10,240 $7,200 $13,280
Information concerning a product produced by Rundle Company appears as follows. Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs Required Determine the following: $ 171 $92 $ 505,600 a. Contribution margin per unit. b. Number of units that Rundle must sell to break even. c. Sales level in units that Rundle must reach to earn a profit of $205,400. a. Contribution margin per unit b. Break-even in units c. Required sales in units
Revenue Variable costs: Direct labor Direct materials Contribution margin Fixed costs Profit margin $0 O $10,000 ($25,000) ($10,000) product X $50,000 O $50,000 $20,000 $30,000 ? ? ? product Y $80,000 $30,000 $20,000 ? ? ? a total $130,000 The company allocates fixed costs based on direct labor dollars. Compute the profit margin for product line X. $50,000 $50,000 $30,000 $25,000 $5,000
Rymore Company would like to classify the following costs according to their cost behavior: July August 1,500 $35,000 $36,000 $16,000 $16,000 $67,500 $72,000 Sales in units 1,600 Cost A. Cost B. Cost C . 86. Which of the following classifications best describes the behavior of Cost A? А Міxed B. Variable C. Fixed D. None of these 87. Which of the following classifications best describes the behavior of Cost B? A. Mixed B. Variable С. Fixed D. None of these 88. Which of the following classifications best describes the behavior of Cost C? А. Міxed B. Variable C. Fixed D. None of these
The following variable production costs apply to goods made by Baird Manufacturing Corporation: Item Materials Labor Variable overhead Total Units Produced Cost per Unit $15.00 Total variable cost Required Determine the total variable production cost, assuming that Baird makes 11,000, 21,000, or 31,000 units. 5.50 0.75 $21.25 11,000 Check my work 21,000 31,000
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Company XYZ produced 1,000 units of product A. At this level, the variable manufacturing costs were OMR360,000 and the variable selling and administrative costs were OMR90,000. Furthermore, the total fixed cost was OMR120,000. Assuming the company increased the production level to 1,030 units, what would be the increase in total manufacturing costs? Select one: O a. OMR14,400 O b. OMR10,800 c. None of the given answers O d. OMR13,500 O e. OMR17,100

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