Accounting Chapter 6 2 Manufacturing Company That Produces Single Product

6-199

costs.

45.

Sharron Inc., which produces a single product, has provided the following data for its most

recent month of operations:

Number of units produced

3,000

Variable costs per unit:

Direct materials

$91

Direct labor

$13

Variable manufacturing overhead

$7

Variable selling and administrative expense

$6

Fixed costs:

Fixed manufacturing overhead

$237,000

Fixed selling and administrative expense

$165,000

There were no beginning or ending inventories. The variable costing unit product cost

was:

Direct materials

Direct labor

Variable manufacturing overhead

Variable costing unit product cost

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46.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Units in beginning inventory

0

Units produced

7,300

Units sold

7,200

Units in ending inventory

100

Variable costs per unit:

Direct materials

$29

Direct labor

$49

Variable manufacturing overhead

$5

Variable selling and administrative

$4

Fixed costs:

Fixed manufacturing overhead

$94,900

Fixed selling and administrative

$79,200

Direct materials

Direct labor

Variable manufacturing overhead

13

Absorption costing unit product cost

$96

What is the absorption costing unit product cost for the month?

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47.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Units in beginning inventory

0

Units produced

4,000

Units sold

3,900

Units in ending inventory

100

Variable costs per unit:

Direct materials

$41

Direct labor

$43

Variable manufacturing overhead

$6

Variable selling and administrative

$4

Fixed costs:

Fixed manufacturing overhead

$84,000

Fixed selling and administrative

$39,000

Direct materials

Direct labor

Variable manufacturing overhead

Variable costing unit product cost

What is the variable costing unit product cost for the month?

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6-205

48.

Bartelt Inc., which produces a single product, has provided the following data for its most

recent month of operations:

Number of units produced

8,000

Variable costs per unit:

Direct materials

$40

Direct labor

$77

Variable manufacturing overhead

$8

Variable selling and administrative expense

$7

Fixed costs:

Fixed manufacturing overhead

$464,000

Fixed selling and administrative expense

$448,000

Direct materials

Direct labor

Variable manufacturing overhead

Absorption costing unit product cost

$183

There were no beginning or ending inventories. The absorption costing unit product cost

was:

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49.

Ragins Corporation produces a single product and has the following cost structure:

Number of units produced each year

1,000

Variable costs per unit:

Direct materials

$85

Direct labor

$69

Variable manufacturing overhead

$5

Variable selling and administrative

expense

$6

Fixed costs per year:

Fixed manufacturing overhead

$60,000

Fixed selling and administrative

expense

$27,000

Direct materials

Direct labor

Variable manufacturing overhead

Fixed manufacturing overhead cost ($60,000 ÷ 1,000 units)

Absorption costing unit product cost

The absorption costing unit product cost is:

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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:

Selling price

$132

Units in beginning inventory

0

Units produced

1,100

Units sold

800

Units in ending inventory

300

Variable costs per unit:

Direct materials

$48

Direct labor

$17

Variable manufacturing overhead

$2

Variable selling and administrative

$4

Fixed costs:

Fixed manufacturing overhead

$39,600

Fixed selling and administrative

$7,200

Fixed selling and administrative

7,200

Absorption costing total period cost

$10,400

What is the total period cost for the month under absorption costing?

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6-210

51.

Crow Corporation produces a single product and has the following cost structure:

Number of units produced each year

2,000

Variable costs per unit:

Direct materials

$28

Direct labor

$61

Variable manufacturing overhead

$6

Variable selling and administrative

expense

$7

Fixed costs per year:

Fixed manufacturing overhead

$190,000

Fixed selling and administrative

expense

$36,000

Direct materials

Direct labor

Variable manufacturing overhead

Variable costing unit product cost

The variable costing unit product cost is:

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52.

A company produces a single product. Variable production costs are $12 per unit and

variable selling and administrative expenses are $3 per unit. Fixed manufacturing

overhead totals $36,000 and fixed selling and administration expenses total $40,000.

Assuming a beginning inventory of zero, production of 4,000 units and sales of 3,600 units,

the dollar value of the ending inventory under variable costing would be:

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53.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Selling price

$93

Units in beginning inventory

0

Units produced

4,500

Units sold

4,400

Units in ending inventory

100

Variable costs per unit:

Direct materials

$20

Direct labor

$31

Variable manufacturing overhead

$2

Variable selling and administrative

$10

Fixed costs:

Fixed manufacturing overhead

$45,000

Fixed selling and administrative

$79,200

Variable selling and administrative expense ($10 per unit × 4,400 units sold)

Fixed manufacturing overhead

Fixed selling and administrative

Variable costing total period cost

What is the total period cost for the month under variable costing?

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6-214

54.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Selling price

$112

Units in beginning inventory

0

Units produced

5,500

Units sold

5,300

Units in ending inventory

200

Variable costs per unit:

Direct materials

$33

Direct labor

$37

Variable manufacturing overhead

$5

Variable selling and administrative

$6

Fixed costs:

Fixed manufacturing overhead

$71,500

Fixed selling and administrative

$79,500

Direct materials

What is the net operating income for the month under absorption costing?

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6-216

55.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Selling price

$89

Units in beginning inventory

0

Units produced

4,300

Units sold

4,000

Units in ending inventory

300

Variable costs per unit:

Direct materials

$13

Direct labor

$35

Variable manufacturing overhead

$1

Variable selling and administrative

$10

Fixed costs:

Fixed manufacturing overhead

$77,400

Fixed selling and administrative

$24,000

Unit product cost under variable costing:

Direct materials

$13

Direct labor

Variable manufacturing overhead

The total contribution margin for the month under variable costing is:

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56.

A manufacturing company that produces a single product has provided the following data

concerning its most recent month of operations:

Selling price

$126

Units in beginning inventory

0

Units produced

3,100

Units sold

3,000

Units in ending inventory

100

Variable costs per unit:

Direct materials

$22

Direct labor

$43

Variable manufacturing overhead

$3

Variable selling and administrative

$10

Fixed costs:

Fixed manufacturing overhead

$89,900

Fixed selling and administrative

$42,000

Direct materials

Direct labor

What is the net operating income for the month under variable costing?