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39. Gangwer Corporation produces a single product and has the following cost structure:
The absorption costing unit product cost is:
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40. Olds Inc., which produces a single product, has provided the following data for its most
recent month of operations:
There were no beginning or ending inventories. The absorption costing unit product cost was:
41. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the absorption costing unit product cost for the month?
42. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the variable costing unit product cost for the month?
43. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the total period cost for the month under variable costing?
44. Swiatek Corporation produces a single product and has the following cost structure:
The variable costing unit product cost is:
45. Cockriel Inc., which produces a single product, has provided the following data for its
most recent month of operations:
There were no beginning or ending inventories. The variable costing unit product cost was:
46. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the total period cost for the month under absorption costing?
47. Roy Corporation produces a single product. During July, Roy produced 10,000 units. Costs
incurred during the month were as follows:
Under absorption costing, any unsold units would be carried in the inventory account at a unit
product cost of:
48. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the net operating income for the month under variable costing?
49. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
What is the net operating income for the month under absorption costing?
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50. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
The total gross margin for the month under absorption costing is:
51. A company produces a single product. Last year, fixed manufacturing overhead was
$30,000, variable production costs were $48,000, fixed selling and administration costs were
$20,000, and variable selling administrative expenses were $9,600. There was no beginning
inventory. During the year, 3,000 units were produced and 2,400 units were sold at a price of $40
per unit. Under variable costing, net operating income would be:
52. A manufacturing company that produces a single product has provided the following data
concerning its most recent month of operations:
The total contribution margin for the month under variable costing is:
53. Last year, Heidenescher Corporation's variable costing net operating income was $63,600
and its inventory decreased by 600 units. Fixed manufacturing overhead cost was $1 per unit.
What was the absorption costing net operating income last year?
54. Sproles Inc. manufactures a variety of products. Variable costing net operating income
was $90,500 last year and its inventory decreased by 3,500 units. Fixed manufacturing overhead
cost was $6 per unit. What was the absorption costing net operating income last year?
55. Roberts Company produces a single product. This year, the company's net operating
income under absorption costing was $2,000 lower than under variable costing. The company
sold 8,000 units during the year, and its variable costs were $8 per unit, of which $2 was variable
selling and administrative expense. If production cost was $10 per unit under absorption costing,
then how many units did the company produce during the year? (The company produced the
same number of units last year.)
56. Evans Company produces a single product. During the most recent year, the company
had a net operating income of $90,000 using absorption costing and $84,000 using variable
costing. The fixed overhead application rate was $6 per unit. There were no beginning
inventories. If 22,000 units were produced last year, then sales for last year were:
