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Variable Cost and Contribution Margin

 Variable Price and Contribution Margin Exploration Paper

1 . В Cost of goods manufactured will usually incorporate: В

A. В only direct labor and direct components costs.

W. В some costs incurred through the prior period as well as costs incurred throughout the current period. C. В only costs incurred during the current period.

M. В some period costs and some item costs.

В 

2 . В During the month of September, direct labor cost totaled $13, 000 and direct labor cost was 20% of perfect cost. In the event that total production costs during August had been $88, 000, the production overhead was: В A. В $52, 500

B. В $75, 000

C. В $65, 000

D. В $23, 000

0. 20 by Prime cost = Direct labor

0. 20 by Prime price = $13, 000

Prime cost = $65, 1000

Prime cost = Direct materials & Direct labor

$65, 500 = Direct materials + $13, 500

Direct elements = $52, 000

three or more. В The Lyons Company's cost of goods manufactured was $120, 000 when ever its product sales were $360, 000 and its gross perimeter was $220, 000. In the event the ending products on hand of finished goods was $30, 000, the beginning products on hand of finished goods will need to have been: В A. В $150, 000

B. В $20, 500

C. В $50, 000

G. В $110, 000

Cost of goods sold = Sales - Gross margin

Cost of items sold = $360, 000 - $220, 000

Expense of goods sold = $140, 000

some. В Last month a production company acquired the following functioning results:

What was the price of goods produced for the month? В

A. В $350, 000

N. В $385, 1000

C. В $323, 000

G. В $377, 1000

Sales -- Cost of products sold sama dengan Gross margin

$412, 000 - Cost of goods offered = $62, 000

Expense of goods offered = $350, 000

your five. В The pursuing inventory bills relate to Lequin Manufacturing Firm at the beginning and end of the year:

Lequin's total manufacturing cost was $543, 000. The fact that was Lequin's cost of goods sold? В A. В $545, 1000

B. В $569, 000

C. В $517, 000

D. В $567, 000

В 

Corcetti Company manufactures and sells prewashed denim jeans. Significant rolls of denim cloth are purchased and are also first rinsed in a big washing machine. Following the cloth is definitely dried, it really is cut up into jean design shapes and after that sewn collectively. The accomplished jeans can be purchased to various full chains. В

Garrison - Chapter 002

6. В Which of the next terms could possibly be used to appropriately describe the cost of the cleansing soap used to wash the jeans cloth?

A. В Choice C

M. В Choice A

C. В Choice B

D. В Choice D

7. В Which of the subsequent terms could be used to appropriately describe the cost of the twine used to fasten the jeans together?

A. В Choice B

N. В Choice C

C. В Choice D

Deb. В Choice A

The following data pertain to Harriman Industry’s operations during July:

Fort - Part 002

almost eight. В The commencing work in procedure inventory was: В

A. В $4, 500

B. В $10, 000

C. В $1, 500

D. В $14, 000

2. Calculate this item by working backwards as shown:

Beginning work in process products on hand + $40, 000 + $39, 000 + 20 dollars, 000 -- $4, 500 = $105, 000 Starting work in process inventory

sama dengan $105, 500 - $40, 000 - $39, 000 - $20, 000 + $4, 1000

= $12, 000

on the lookout for. В The closing finished products inventory was: В

A. В $17, 1000

B. В $7, 000

C. В $2, 1000

D. В $12, 000

**$117, 000 - $110, 000 = $7, 000 sama dengan Ending done goods products on hand В

twelve. В Dagnon Firm uses immediate labor-hours in its predetermined expense rate. At the outset of the year, the whole estimated making overhead was $299, 140. At the end with the year, genuine direct labor-hours for 12 months were seventeen, 400 several hours, manufacturing cost to do business for 12 months was overapplied by $13, 850, as well as the actual production overhead was $294, 140. The established overhead charge for 12 months must have recently been closest to: В A. В $16. 90

B. В $17. 19

C. В $18. 22

D. В $17. 70

Used manufacturing expense = Real manufacturing cost to do business = Overapplied manufacturing over head

Applied production overhead - $294, 140 = $13, 850

Utilized manufacturing expense = $307, 980

Utilized manufacturing overhead

= Predetermined overhead charge x Real direct labor-hours

$307, 980 = Established overhead price x 17, 400

Established overhead charge = $17. 70 per direct labor-hours

11. В Pricton Corporation...

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