Company XYZ is a manufacturing company. During the month of March the company produced 100 units. During the same month, the company incurred total direct materials cost and total direct labor costs of $30,000 and $45,000 respectively. The company also incurred manufacturing overhead of $60,000 of which 50% is fixed. Furthermore, the company incurred total selling and administrative costs of $100,000 of which 45% is fixed. How much is the total variable cost per unit? O a. 1,350 O b. 1,600 O. 2,350 O d. None of the given answers O e. 1,050 on Which of the following statements is false? O a. If a company produces and sells customized goods only by order, it may not have any desired ending finished goods inventory when preparing its budgets. Fi ut of O b. The interest expense in the budgeted income statement comes from the cash budget. Oc. For merchandising companies with different items in stock for sale, only one purchase budget would be prepared. O d. None of the given answers. O e. We should prepare sales budget before we prepare the production budget. NEXT PAGE REVIOUS PAGE /elearn.squ.edu.om/mod/quiz/summary.php?attempt3D2029175&cmid=905259

Company XYZ is a manufacturing company. During the month of March the company produced 100 units. During the same month, the company incurred total direct materials cost and total direct labor costs of $30,000 and $45,000 respectively. The company also incurred manufacturing overhead of $60,000 of which 50% is fixed. Furthermore, the company incurred total selling and administrative costs of $100,000 of which 45% is fixed. How much is the total variable cost per unit? O a. 1,350 O b. 1,600 O. 2,350 O d. None of the given answers O e. 1,050 on Which of the following statements is false? O a. If a company produces and sells customized goods only by order, it may not have any desired ending finished goods inventory when preparing its budgets. Fi ut of O b. The interest expense in the budgeted income statement comes from the cash budget. Oc. For merchandising companies with different items in stock for sale, only one purchase budget would be prepared. O d. None of the given answers. O e. We should prepare sales budget before we prepare the production budget. NEXT PAGE REVIOUS PAGE /elearn.squ.edu.om/mod/quiz/summary.php?attempt3D2029175&cmid=905259

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How can we compute the true IRR, or RIC, as a function of the MARR?
How to do vertical and horizontal analysis.
What is view modeling?
what is stare basis?
explain the four types of closed questions.