Question:49 Brush Industries reports the following information for May: Sales Fixed cost of goods sold $ 9,50,000 1,10,000 2,60,000 Fixed selling and administrative costs 1,10,000 Variable selling and administrative costs 1,35,000 Variable cost of goods sold Calculate the operating income for May under absorption costing? a. $690,000 b. $335,000 c. $555,000 d. $580,000

Question:49 Brush Industries reports the following information for May: Sales Fixed cost of goods sold $ 9,50,000 1,10,000 2,60,000 Fixed selling and administrative costs 1,10,000 Variable selling and administrative costs 1,35,000 Variable cost of goods sold Calculate the operating income for May under absorption costing? a. $690,000 b. $335,000 c. $555,000 d. $580,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 4CE: Refer to Cornerstone Exercise 18.3. Required: 1. Calculate the cost of each unit using variable...

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Question:49 Brush Industries reports the following information for May: Sales Fixed cost of goods sold Variable cost of goods sold Fixed selling and administrative costs Variable selling and administrative costs $ 9,50,000 1,10,000 2,60,000 1,10,000 1,35,000 Calculate the operating income for May under absorption costing? a. $690,000 b. $335,000 c. $555,000 d. $580,000
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Morwenna, Inc. reports the following information for August: Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Variable Selling and Administrative Costs Fixed Selling and Administrative Costs $900,000 150,000 60,000 100,000 60,000 Calculate the operating income for August using absorption costing. OA. $1,060,000 O B. $370,000 OC. $530,000 D. $250,000
Hex Industries reports the following information for May: Sales Fixed cost of goods sold Variable cost of goods sold Fixed selling and administrative costs Variable selling and administrative costs Calculate the gross profit for May under absorption costing. Multiple Choice O $658,000 $331,000 $535,000 O $556,000 $ 910,000 102,000 252,000 102,000 127,000
Problem: AAA Company produces and sells Product X: Annual Demand 24,000 units Annual cost to held one unit of inventory P11.52 Order Cost P38.40 Beg. Inventory P 0 a. What is the Economic Order Quantity? b. How much is the total Order Costs? c. How much is the total Carrying Costs?
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A. Manufacturing margin? b. Contribution margin? C. Operating income for PhiladelPho's company ?
5. Calculate the direct material from the following information: Direct expenses RO 90,000, Direct labor RO 20,000, manufacturing overheads RO 30,000 and prime cost RO 170,000. a.RO 21,000 b.RO18,000 c.RO 60,000 d.RO 20,000 6. Which of the following are used for calculating economic order frequency? i. Total annual consumption ii. No of order per year iii. Buying cost per order iv. 365 days a.i and ii b.ii and iv c.iii and iv d.i and iv
Activity-Based-Costing Last month operating results: A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct costs: Cost of goods sold 200.00 329.00 527.00 1,056.00 Indirect costs: SG &A (20% of DC) 40.00 65.80 105.40 211.20 Operating Profit/(Loss) 10.00 75.20 (12.40) 72.80 Revised Operating profit A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct cost: Cost of good sold 200.00 329.00 527.00 1,056.00 Indirect costs: Shelf space costs 22.50 31.50 36.00 90.00 Handling costs 0 15.00 5.00 20.00 Coupon 3.00 0 12.00 15.00 Shrinkage 1.00 21.00 6.00 28.00 Other indirect costs 11.02 18.14 29.04 58.20 Total costs 237.52 414.64 615.04 1,267.20 Operating profits (Sales-total cost) (250.00-237.52) 12.48 (470.00-414.64) 55.36 (620.00-615.04)…