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141
133) Elison 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
0
Units produced
7,500
Units sold
7,200
Units in ending inventory
300
Variable costs per unit:
Direct materials
$
24
Direct labor
$
34
Variable manufacturing overhead
$
1
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
217,500
Fixed selling and administrative expense
$
115,200
What is the net operating income for the month under variable costing?
A) $8,700
B) $5,700
C) $14,400
D) $(12,000)
143
134) Elison 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
0
Units produced
7,500
Units sold
7,200
Units in ending inventory
300
Variable costs per unit:
Direct materials
$
24
Direct labor
$
34
Variable manufacturing overhead
$
1
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
217,500
Fixed selling and administrative expense
$
115,200
What is the net operating income for the month under absorption costing?
A) $8,700
B) $5,700
C) $14,400
D) $(12,000)
135) Farris Corporation, which has only one product, has provided the following data concerning
its most recent month of operations:
Selling price
$
78
Units in beginning inventory
0
Units produced
8,800
Units sold
8,700
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
18
Direct labor
$
10
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
255,200
Fixed selling and administrative expense
$
87,000
What is the unit product cost for the month under variable costing?
A) $61 per unit
B) $37 per unit
C) $32 per unit
D) $66 per unit
136) Farris Corporation, which has only one product, has provided the following data concerning
its most recent month of operations:
Selling price
$
78
Units in beginning inventory
0
Units produced
8,800
Units sold
8,700
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
18
Direct labor
$
10
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
255,200
Fixed selling and administrative expense
$
87,000
What is the unit product cost for the month under absorption costing?
A) $32 per unit
B) $61 per unit
C) $37 per unit
D) $66 per unit
147
137) Farris Corporation, which has only one product, has provided the following data concerning
its most recent month of operations:
Selling price
$
78
Units in beginning inventory
0
Units produced
8,800
Units sold
8,700
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
18
Direct labor
$
10
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
255,200
Fixed selling and administrative expense
$
87,000
What is the net operating income for the month under variable costing?
A) $14,500
B) $17,400
C) $11,300
D) $2,900
149
138) Farris Corporation, which has only one product, has provided the following data concerning
its most recent month of operations:
Selling price
$
78
Units in beginning inventory
0
Units produced
8,800
Units sold
8,700
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
18
Direct labor
$
10
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
255,200
Fixed selling and administrative expense
$
87,000
What is the net operating income for the month under absorption costing?
A) $2,900
B) $11,300
C) $17,400
D) $14,500
139) Janos 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
300
Units produced
2,000
Units sold
2,200
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
29
Direct labor
$
30
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
9
Fixed costs:
Fixed manufacturing overhead
$
34,000
Fixed selling and administrative expense
$
39,600
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 variable costing?
A) $63 per unit
B) $80 per unit
C) $72 per unit
D) $89 per unit
140) Janos 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
300
Units produced
2,000
Units sold
2,200
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
29
Direct labor
$
30
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
9
Fixed costs:
Fixed manufacturing overhead
$
34,000
Fixed selling and administrative expense
$
39,600
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?
A) $80 per unit
B) $72 per unit
C) $63 per unit
D) $89 per unit
153
141) Janos 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
300
Units produced
2,000
Units sold
2,200
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
29
Direct labor
$
30
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
9
Fixed costs:
Fixed manufacturing overhead
$
34,000
Fixed selling and administrative expense
$
39,600
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?
A) $8,800
B) $12,200
C) $1,700
D) $24,800
155
142) Janos 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
300
Units produced
2,000
Units sold
2,200
Units in ending inventory
100
Variable costs per unit:
Direct materials
$
29
Direct labor
$
30
Variable manufacturing overhead
$
4
Variable selling and administrative expense
$
9
Fixed costs:
Fixed manufacturing overhead
$
34,000
Fixed selling and administrative expense
$
39,600
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?
A) $8,800
B) $24,800
C) $1,700
D) $12,200
157
143) Keyser Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price
$
118
Units in beginning inventory
400
Units produced
2,100
Units sold
2,300
Units in ending inventory
200
Variable costs per unit:
Direct materials
$
37
Direct labor
$
23
Variable manufacturing overhead
$
3
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
73,500
Fixed selling and administrative expense
$
29,900
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?
A) $4,600
B) $11,600
C) $24,200
D) $7,000
159
144) Keyser Corporation, which has only one product, has provided the following data
concerning its most recent month of operations:
Selling price
$
118
Units in beginning inventory
400
Units produced
2,100
Units sold
2,300
Units in ending inventory
200
Variable costs per unit:
Direct materials
$
37
Direct labor
$
23
Variable manufacturing overhead
$
3
Variable selling and administrative expense
$
5
Fixed costs:
Fixed manufacturing overhead
$
73,500
Fixed selling and administrative expense
$
29,900
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?
A) $7,000
B) $4,600
C) $11,600
D) $24,200
