DeJager Company reported the following information about the production and sales of its only product:

Direct materials used

$32,000

Direct labour

$20,000

Variable factory overhead

$12,000

Fixed factory overhead

$16,000

Variable selling and administrative expenses

$  4,000

Fixed selling and administrative expenses

$  6,000

Beginning inventories

none

Ending inventories:

Direct materials

-0-

WIP

-0-

Finished goods

600 units

Sales ($45 per unit)

$63,000

71) The cost of goods sold under variable costing would be

A) $56,000.

B) $63,000.

C) $44,800.

D) $36,400.

72) The contribution margin under variable costing would be

A) $18,200.

B) $14,200.

C) $ 3,000.

D) $22,600.

73) The operating income (loss) under variable costing would be

A) $14,200.

B) $ 8,200.

C) $(3,000).

D) $(7,800).

Schultz Company reported the following information about the production and sales of its only product:

Direct materials used

$64,000

Direct labour

$40,000

Variable factory overhead

$24,000

Fixed factory overhead

$32,000

Variable selling and administrative expenses

$  8,000

Fixed selling and administrative expenses

$12,000

Beginning inventories

none

Ending inventories:

Direct materials

-0-

WIP

-0-

Finished goods

600 units

Sales ($90 per unit)

$126,000

74) The cost of goods sold under variable costing would be

A) $112,000.

B) $126,000.

C) $ 89,600.

D) $ 72,800.

75) The contribution margin under variable costing would be

A) $36,400.

B) $28,400.

C) $ 6,000.

D) $45,200.

76) The operating income (loss) under variable costing would be

A) $ 28,400.

B) $ 16,400.

C) $( 6,000).

D) $(15,600).

A company has the following information:

Beginning inventories

none

Raw materials used

$  50,000

Sales ($130 per unit)

$156,000

Direct labour

$  84,000

Variable factory overhead

$  34,000

Fixed factory overhead

unknown

Variable selling and administrative

$    6,000

Fixed selling and administrative

$  10,000

Gross profit

$  60,000

Contribution margin

unknown

Ending inventories

Raw materials

$  14,000

WIP

none

Finished goods

1,200 units

77) Raw materials purchased during the current period were

A) $50,000.

B) $64,000.

C) $36,000.

D) not determinable.

78) The ending inventory under variable costing would be

A) $96,000.

B) $168,000.

C) $84,000.

D) $192,000.

79) The cost of goods sold under variable costing would be

A) $84,000.

B) $192,000.

C) $96,000.

D) $168,000.

80) The total contribution margin under variable costing would be

A) $42,000.

B) $14,000.

C) $66,000.

D



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