99. Jarvix Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $111
Units in beginning inventory 400
Units produced 8,800
Units sold 8,900
Units in ending inventory 300
Variable costs per unit:
Direct materials $34
Direct labor $37
Variable manufacturing overhead $3
Variable selling and administrative $9
Fixed costs:
Fixed manufacturing overhead $61,600
Fixed selling and administrative $169,100
The company produces the same number of units every month, although the sales in units vary
from month to month. The company’s variable costs per unit and total fixed costs have been
constant from month to month.
What is the unit product cost for the month under absorption costing?
100. Jarvix Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $111
Units in beginning inventory 400
Units produced 8,800
Units sold 8,900
Units in ending inventory 300
Variable costs per unit:
Direct materials $34
Direct labor $37
Variable manufacturing overhead $3
Variable selling and administrative $9
Fixed costs:
Fixed manufacturing overhead $61,600
Fixed selling and administrative $169,100
The company produces the same number of units every month, although the sales in units vary
from month to month. The company’s variable costs per unit and total fixed costs have been
constant from month to month.
What is the net operating income for the month under variable costing?
101. Jarvix Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $111
Units in beginning inventory 400
Units produced 8,800
Units sold 8,900
Units in ending inventory 300
Variable costs per unit:
Direct materials $34
Direct labor $37
Variable manufacturing overhead $3
Variable selling and administrative $9
Fixed costs:
Fixed manufacturing overhead $61,600
Fixed selling and administrative $169,100
The company produces the same number of units every month, although the sales in units vary
from month to month. The company’s variable costs per unit and total fixed costs have been
constant from month to month.
What is the net operating income for the month under absorption costing?
102. Johnston Corporation manufactures a single product that it sells for $30 per unit. The
company has the following cost structure:
Variable costs per unit:
Production $8
Selling and administrative $5
Fixed costs in total:
Production $80,000
Selling and administrative $60,000
Last year there was no beginning inventory. During the year, 20,000 units were produced and
17,000 units were sold.
Under absorption costing, the unit product cost would be:
103. Johnston Corporation manufactures a single product that it sells for $30 per unit. The
company has the following cost structure:
Variable costs per unit:
Production $8
Selling and administrative $5
Fixed costs in total:
Production $80,000
Selling and administrative $60,000
Last year there was no beginning inventory. During the year, 20,000 units were produced and
17,000 units were sold.
The company’s net operating income for the year under variable costing is:
104. Hatfield Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $123
Units in beginning inventory 0
Units produced 6,400
Units sold 6,100
Units in ending inventory 300
Variable costs per unit:
Direct materials $45
Direct labor $30
Variable manufacturing overhead $1
Variable selling and administrative $8
Fixed costs:
Fixed manufacturing overhead $140,800
Fixed selling and administrative $91,500
What is the unit product cost for the month under variable costing?
105. Hatfield Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $123
Units in beginning inventory 0
Units produced 6,400
Units sold 6,100
Units in ending inventory 300
Variable costs per unit:
Direct materials $45
Direct labor $30
Variable manufacturing overhead $1
Variable selling and administrative $8
Fixed costs:
Fixed manufacturing overhead $140,800
Fixed selling and administrative $91,500
The total contribution margin for the month under variable costing is:
106. Hatfield Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $123
Units in beginning inventory 0
Units produced 6,400
Units sold 6,100
Units in ending inventory 300
Variable costs per unit:
Direct materials $45
Direct labor $30
Variable manufacturing overhead $1
Variable selling and administrative $8
Fixed costs:
Fixed manufacturing overhead $140,800
Fixed selling and administrative $91,500
What is the total period cost for the month under variable costing?
107. Hatfield Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $123
Units in beginning inventory 0
Units produced 6,400
Units sold 6,100
Units in ending inventory 300
Variable costs per unit:
Direct materials $45
Direct labor $30
Variable manufacturing overhead $1
Variable selling and administrative $8
Fixed costs:
Fixed manufacturing overhead $140,800
Fixed selling and administrative $91,500
What is the net operating income for the month under variable costing?
108. Farron Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $92
Units in beginning inventory 0
Units produced 8,700
Units sold 8,300
Units in ending inventory 400
Variable costs per unit:
Direct materials $13
Direct labor $55
Variable manufacturing overhead $1
Variable selling and administrative $5
Fixed costs:
Fixed manufacturing overhead $130,500
Fixed selling and administrative $8,300
What is the unit product cost for the month under variable costing?
109. Farron Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price $92
Units in beginning inventory 0
Units produced 8,700
Units sold 8,300
Units in ending inventory 400
Variable costs per unit:
Direct materials $13
Direct labor $55
Variable manufacturing overhead $1
Variable selling and administrative $5
Fixed costs:
Fixed manufacturing overhead $130,500
Fixed selling and administrative $8,300
What is the unit product cost for the month under absorption costing?