test chapter 7

test chapter 7 - Yoshihara Corporation produces a single...

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Number of units produced each year 5,400 Variable costs per unit: Direct materials $67 Direct labor $66 Variable manufacturing overhead $13 Variable selling and administrative expense $8 Fixed costs per year: Fixed manufacturing overhead $351,000 Fixed selling and administrative expense $118,800 The absorption costing unit product cost is: $146 $211 $219 $167 Baylor Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced each year 5,700 Variable costs per unit: Direct materials $34 Direct labor $28 Variable manufacturing overhead $9 Variable selling and administrative expense $6 Fixed costs per year: Fixed manufacturing overhead $159,600 Fixed selling and administrative expense $222,300 There were no beginning or ending inventories. The variable costing unit product cost was: $71 $62 $77 $99 Last year, Wardrup Corporation's variable costing net operating income was $66,500. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $680. What was the absorption costing net operating income last year? $65,820 $67,180 $680 $66,500 Last year, Wardrup Corporation's variable costing net operating income was $67,200. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $570. What was the absorption costing net operating income last year? $570 $66,630 $67,770 $67,200 Harris Company produces a single product. Last year Harris manufactured 16,900 units and sold 13,400 units. Production costs for the year were as follows: Direct materials $155,480 Direct labor $109,850 Variable manufacturing overhead
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This note was uploaded on 12/13/2011 for the course ACCT 201 taught by Professor Balli during the Spring '11 term at greenriver.edu.

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test chapter 7 - Yoshihara Corporation produces a single...

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