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107. The total gross margin for the month under the absorption costing approach is:
108. What is the total period cost for the month under the variable costing approach?
109. What is the total period cost for the month under the absorption costing approach?
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Kilihea Corporation produces a single product. The company's absorption costing income
statement for July follows:
The company's variable production costs are $20 per unit and its fixed manufacturing overhead
totals $80,000 per month.
110. Net operating income under the variable costing method for July would be:
111. The contribution margin per unit during July was:
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112. The break-even point in units for the month under variable costing is:
Eagle Corporation manufactures a picnic table. Shown below is Eagle's cost structure:
In its first year of operations, Eagle produced and sold 10,000 tables. The tables sold for $120
each.
113. If Eagle had sold only 9,000 tables in its first year, what total amount of cost would have
been assigned to the 1,000 tables in finished goods inventory under the absorption costing
method?
114. How would Eagle's variable costing net operating income have been affected in its first
year if only 9,000 tables were sold instead of 10,000?
115. How would Eagle's absorption costing net operating income have been affected in its first
year if 12,000 tables were produced instead of 10,000 and Eagle still sold 10,000 tables?
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Green Enterprises produces a single product. The following data were provided by the
company for the most recent period:
116. Under variable costing, the unit product cost is:
117. Under absorption costing, the unit product cost is:
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118. For the period above, one would expect the net operating income under absorption
costing to be:
Whitney, Inc., produces a single product. The following data pertain to one month's
operations:
119. The carrying value on the balance sheet of the ending finished goods inventory under
variable costing would be:
120. The carrying value on the balance sheet of the ending finished goods inventory under
absorption costing would be:
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121. For the month referred to above, net operating income under variable costing will be:
Mennig Corporation produces a single product and has the following cost structure:
122. The unit product cost under absorption costing is:
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123. The unit product cost under variable costing is:
Byron Company, which has only one product, has provided the following data concerning
its most recent month of operations:
124. What is the unit product cost for the month under variable costing?
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125. What is the unit product cost for the month under absorption costing?
During the last year, Snyder Co. produced 10,000 units of its only product. Costs incurred
by Snyder during the year were as follows:
