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
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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.
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