SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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Question: Cost Account
Beginning inventory
Units produced
Units sold
5000
20,000
23,700
Cost per unit:
Direct materials
$ 8.00
Direct labor
$4.00
Variable overhead
Fixed overhead
Variable selling exp.
$ 1.50
$4.15
$ 3.00
Fixed selling and admin. exp.
$ 24,000
Fixed overhead totals $83,000 per year.
Assume the selling price is $27 per unit.
1. Calculate operating income using absorption costing.
2. Calculate operating income using variable costing.
Complete the sentence: Activity-based costing is a technique to improve the reliability of cost assignment ____________.
Select one:
a. from both direct and indirect cost pools to distinct types of outputs
b. to all types of inventory
c. from indirect cost pools to distinct types of outputs
d. to work-in-process inventory
e. from direct cost pools to distinct types of outputs
8
The cost of visiting customers would MOST likely be classified as a
Select one:
a. Corporate-sustaining cost.
b. Customer-sustaining cost.
c. Distribution-channel cost
d. Customer batch-level cost.
e. Customer output unit-level cost.
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