## Solution Library

#### Calculate Inventory Cost Under Absorption

Question Carr Company produces a single product. During the past year, Carr manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows: Fixed manufacturing overhead           \$250,000 Variable manufacturing over ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculation Of Contribution Margin Per Unit

Question Carr Company produces a single product. During the past year, Carr manufactured 33,930 units and sold 28,300 units. Production costs for the year were as follows: Fixed manufacturing overhead           \$542,880 Variable manufacturing over ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculate Total Gross Margin Under Absorption Costing

Question A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price \$139     Units in beginning inventory 0 Units produced 2,990 Units sold ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculate Contribution Margin Per Unit

Question Kilihea Corporation produces a single product. The company's absorption costing income statement for July follows: Kilihea Corporation Income Statement For the month ended July 31 Sales (14,500 units) \$710,500 Cost of goods sold 443,700 Gross m ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculation Of Net Operating Income

Question The Rial Company's income statement for June is given below:   Total Division F Division L Sales \$476,000 \$296,000 \$180,000 Variable expenses 204,960 150,960 54,000 Contribution margin 271,040 145,0 ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculate Inventory Using Absorption Costing

Question DeAnne Company produces a single product. The company's variable costing income statement for August appears below: DeAnne Company Income Statement For the month ended August 31   Sales (\$20 per unit) \$ 802,000       Variable ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculation Of Cost Of Per Unit Under Absorption Costing

Question Olds Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 8,800 Variable costs per unit:   Direct materials \$57 Direct labor \$41 Variable ma ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculate Cost Of Break-Even Point In Units For The Month

Question Kilihea Corporation produces a single product. The company's absorption costing income statement for July follows: Kilihea Corporation Income Statement For the month ended July 31 Sales (14,500 units) \$710,500 Cost of goods sold 443,700 Gross m ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculation Of Common Fixed Expenses For Two Plants

Question Johnson Company operates two plants, Plant A and Plant B. Last year, Johnson Company reported a contribution margin of \$40,200 for Plant A. Plant B had sales of \$204,000 and a contribution margin ratio of 45%. Net operating income for the company was \$31,400 and traceable fixed expenses fo ... Read More

 Price: Original Price: \$5.00 Now at: \$4.00

#### Calculate Change In Net Operating Income

Question Eagle Corporation manufactures a picnic table. Shown below is Eagle's cost structure:   Variable cost per table Total fixed cost for the year Manufacturing cost \$82 \$200,260 Selling and administrative \$15 \$34,162 In its fir ... Read More

 Price: Original Price: \$2.00 Now at: \$1.00

#### Calculation Of Cost Assigned To A Product

Question Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, \$48,300; Supervising, \$28,800; and Other, \$19,600. Processing costs are assigned to products u ... Read More