219 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 421234.56781. Kalbach Corporation, a manufacturing company, has provided thefollowing financial data for November. The company had no beginning orending inventories. The contribution margin for November was:Sales$440.000$60.000Variable production expense.Variable selling expenseVariable administrative expense .Fixed production expense .Fixed selling expenseFixed administrative expense...$21.000$49,000$95.000$86.000$93.000a. $36,000b. $285,000c. $166,000d. $310,000I000 2. During August, the cost of goods manufactured was $73,000. Thebeginning finished goods inventory was $15,000 and the ending finishedgoods inventory was $21,000. What was the cost of goods sold for themonth?a. $67,000b. $109,000c. $79,000d. $73,0003. The cost of goods sold in a retail store totaled $325,000. Fixed sellingand administrative expenses totaled $115,000 and variable selling andadministrative expenses were $210,000. If the store's contribution margintotaled $590,000, then sales must have been:a. $1,125,000b. $650,000C. $915,000d. $1,030,000

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ending inventories. The contribution margin for November was: Sales... $440,000 $60.000 Variable prodhuction expense........ Variable selling expense Variable administrative expense.. Fixed production expense Fixed selling expense. Fixed administrative expense. $21.000 ... $49,000 $95,000 .............. $86.000 $93.000 .......... a. $36,000 b. $285,000 C. $166,000 d. $310,000

ending inventories. The contribution margin for November was: Sales... $440,000 $60.000 Variable prodhuction expense........ Variable selling expense Variable administrative expense.. Fixed production expense Fixed selling expense. Fixed administrative expense. $21.000 ... $49,000 $95,000 .............. $86.000 $93.000 .......... a. $36,000 b. $285,000 C. $166,000 d. $310,000

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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