Beginning fixed manufacturing overhead in inventory $95, 000 Fixed manufacturing overhead in production 375,000 Ending fixed manufacturing overhead in inventory 25,000 Beginning variable manufacturing overhead in inventory $10,000 Variable manufacturing overhead in production 50,000 Ending variable manufacturing overhead in inventory 15,000 12. What is the difference between operating incomes under absorption costing and variable costing? a. $65,000 b. S 50,000 c. $40,000 d. $5,000 e. $70,000 13. What would be the estimated cost per unit if Potter Company expects to sell 2,000 units next year? a. $300 b. $312 c. $370 d. $498 e. $500 14. What is the predicted indirect manufacturing labour cost if 160 machine - hours are budgeted and 170 are actually worked, assuming the estimated cost function is y = $81.04 + 5.32x? a. $ 985.44 b. $932.24 c. $904.40 d. $851.20 e. $81.04

Beginning fixed manufacturing overhead in inventory $95, 000 Fixed manufacturing overhead in production 375,000 Ending fixed manufacturing overhead in inventory 25,000 Beginning variable manufacturing overhead in inventory $10,000 Variable manufacturing overhead in production 50,000 Ending variable manufacturing overhead in inventory 15,000 12. What is the difference between operating incomes under absorption costing and variable costing? a. $65,000 b. S 50,000 c. $40,000 d. $5,000 e. $70,000 13. What would be the estimated cost per unit if Potter Company expects to sell 2,000 units next year? a. $300 b. $312 c. $370 d. $498 e. $500 14. What is the predicted indirect manufacturing labour cost if 160 machine - hours are budgeted and 170 are actually worked, assuming the estimated cost function is y = $81.04 + 5.32x? a. $ 985.44 b. $932.24 c. $904.40 d. $851.20 e. $81.04

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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