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In the month of march the caron company produced

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10. In the month of March, the Caron Company produced 100,000 units but only sold 85,000units. Costs incurred were:
Direct materials$18,000Direct labour$36,000Variable manufacturing overhead$18,000Variable selling & administrative$16,000Fixed manufacturing overhead$19,000Fixed selling & administrative$10,000Total$117,000If the company utilizes absorption costing, the value in the finished goods inventory account atthe end of March will be:
11. In the month of December the Carrier Manufacturing Company produced 28,000 units andsold 30,000 units. Under absorption costing:
12. In the month of November, the Philly Company produced and sold 40,000 units of a singleproduct. Costs incurred during the month included:Direct materials and labour$600,000Variable manufacturing overhead$380,000Fixed manufacturing overhead$360,000Variable selling & administrative$280,000Using variable costing, the unit product cost would be:
13. In the month of November, the Linux Company provided the following information:Units in beginning inventory0Units produced20,000Units sold18,000Variable costs per unit:Direct materials$10Direct labour14Variable manufacturing overhead6Variable selling & administrative5Fixed costs:Fixed manufacturing overhead$22,000Fixed selling & administrative$9,000Using absorption costing the unit product cost would be:a) $35.00.b) $30.00.c) $31.10.d) $36.10.Answer: c
14. In 2015, the Jetson Company reported net operating income of $160,000 using absorptioncosting and $146,000 using variable costing. With this information only it is known that:

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Term
Fall
Professor
N/A
Tags
Revenue, marketing and sales, administrative costs

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