QUESTION: 36 Elisabeth Company's unadjusted COGS for 20X1 was $84,000. They had a $4,000 unfavorable direct labor efficiency variance, a $1,000 favorable direct labor rate variance, a $3,000 unfavorable direct materials purchase price variance, and a $4,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Elisabeth Company's adjusted COGS amount for 20X1? Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $40,200 for Division A. Division B had a contribution margin ratio of 45% and its sales were $204,000. Net operating income for the company was $31,400 and traceable fixed expenses were $52,800. Koen Corporation's common fixed expenses were. a. $47,800 b. $52,800 c. $100,600 d. $132,000 QUESTION: Gaudy Inc. produces and sells a single product. The company has provided its contribution format income statement for May. Sales (3,600 units) Variable costs $306,000 180,000 Contribution margin 126,000 Fixed costs Operating profit 104,700 $21.300 If the company sells 3,400 units, its operating profit should be closest to: A. $13,117. B. $20,117. C. $7,000. D. $14,300.
QUESTION: 36 Elisabeth Company's unadjusted COGS for 20X1 was $84,000. They had a $4,000 unfavorable direct labor efficiency variance, a $1,000 favorable direct labor rate variance, a $3,000 unfavorable direct materials purchase price variance, and a $4,000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Elisabeth Company's adjusted COGS amount for 20X1? Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $40,200 for Division A. Division B had a contribution margin ratio of 45% and its sales were $204,000. Net operating income for the company was $31,400 and traceable fixed expenses were $52,800. Koen Corporation's common fixed expenses were. a. $47,800 b. $52,800 c. $100,600 d. $132,000 QUESTION: Gaudy Inc. produces and sells a single product. The company has provided its contribution format income statement for May. Sales (3,600 units) Variable costs $306,000 180,000 Contribution margin 126,000 Fixed costs Operating profit 104,700 $21.300 If the company sells 3,400 units, its operating profit should be closest to: A. $13,117. B. $20,117. C. $7,000. D. $14,300.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
Transcribed Image Text:QUESTION: 36
Elisabeth Company's unadjusted COGS for 20X1 was $84,000. They had a $4,000
unfavorable direct labor efficiency variance, a $1,000 favorable direct labor rate
variance, a $3,000 unfavorable direct materials purchase price variance, and a
$4,000 unfavorable direct materials usage variance. They did not have any
overhead variances. What was Elisabeth Company's adjusted COGS amount for
20X1?
Koen Corporation has two divisions:
Division A and Division B. Last month, the company reported a contribution
margin of $40,200 for Division A. Division B had a contribution margin ratio
of 45% and its sales were $204,000. Net operating income for the company
was $31,400 and traceable fixed expenses were $52,800.
Koen Corporation's common fixed expenses were.
a. $47,800
b. $52,800
c. $100,600
d. $132,000
QUESTION:
Gaudy Inc. produces and sells a single product. The company has provided its
contribution format income statement for May.
Sales (3,600 units)
Variable costs
$306,000
180,000
Contribution margin 126,000
Fixed costs
Operating profit
104,700
$21.300
If the company sells 3,400 units, its operating profit should be closest to:
A. $13,117.
B. $20,117.
C. $7,000.
D. $14,300.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education