Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
127. Using the high-low method, the estimate of the fixed component of office expense per
month is closest to:
128. Using the high-low method, the estimate of the variable component of electrical cost per
machine-hour is closest to:
129. Using the high-low method, the estimate of the fixed component of electrical cost per
month is closest to:
130. What is the best estimate of the company's variable selling and administrative expense
per unit?
131. What is the best estimate of the company's total fixed selling and administrative expense
per year?
132. What is the best estimate of the company's contribution margin for this year?
133. The gross margin for July is:
134. The contribution margin for July is:
135. The gross margin for March is:
2-111
136. The contribution margin for March is:
Fiene Sales, Inc., a merchandising company, reported sales of 2,200 units in June at a
selling price of $600 per unit. Cost of goods sold, which is a variable cost, was $364 per unit.
Variable selling expenses were $23 per unit and variable administrative expenses were $33 per
unit. The total fixed selling expenses were $30,500 and the total administrative expenses were
$55,300.
2-112
137. The contribution margin for June was:
2-113
138. The gross margin for June was:
Getchman Marketing, Inc., a merchandising company, reported sales of $592,500 and cost
of goods sold of $305,000 for April. The company's total variable selling expense was $37,500; its
total fixed selling expense was $16,000; its total variable administrative expense was $35,000;
and its total fixed administrative expense was $38,900. The cost of goods sold in this company is
a variable cost.
139. The contribution margin for April is:
2-115
140. The gross margin for April is:
Salvadore Inc., a local retailer, has provided the following data for the month of
September:
141. The cost of goods sold for September was:
142. The net operating income for September was:
143. What is the total amount of the costs listed above that are direct costs of the Cosmetics
Department?
144. What is the total amount of the costs listed above that are NOT direct costs of the
Northridge Store?
2-120
The following cost data pertain to the operations of Mancia Department Stores, Inc., for
the month of February.
The Brentwood Store is just one of many stores owned and operated by the company. The Shoe
Department is one of many departments at the Brentwood Store. The central warehouse serves
all of the company's stores.
