Learn Smart Chapter 6 - Contribution margin is the excess of Sales variable costs The variable costing method includes all of the following costs(select

Learn Smart Chapter 6 - Contribution margin is the excess...

  • Ohlone College
  • CFS 109
  • Homework Help
  • JusticeFreedomStarling1742
  • 6
  • 97% (150) 145 out of 150 people found this document helpful

This preview shows page 1 - 3 out of 6 pages.

The variable costing method includes all of the following costs (select all that apply): A performance report which includes sales and variable expenses and ends with contribution margin is known as a(n) Since service firms do not produce inventory, they should focus primarily on Service firms should focus on ____ costs in managerial decisions. Mandolin produced 70,000 units and sold 50,000 units. Their unit selling price is $20 and they have variable unit production costs of $10, variable selling expenses of $3 and fixed overhead of $10,000. Compute Mandolin’s net income under variable costing. An effective cost control system will hold managers responsible only for their ____ costs Using absorption costing is disadvantageous in assisting managers in controlling costs. When units produced equals units sold, income under absorption costing will be = net income under =Naples Company produced 650,000 units and sold 500,000 units. Their unit selling price is $10. Cost of goods sold is $6 per unit. Fixed selling expenses are $10,000 and variable selling and administrative expenses are $3 per unit. Compute Naple’s net income under absorption costing.
Image of page 1
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 6 pages?

  • Fall '13
  • JeanineGrillo
  • gross margin, Loudon Company, Brother Company

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture