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145) Wolanski Corporation has provided the following data for its most recent year of
operations:
Selling price per unit
$
48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Units in beginning inventory
0
Units produced during the year
11,000
Units sold during the year
8,000
Units in ending inventory
3,000
The unit product cost under absorption costing is closest to:
A) $21.00
B) $31.00
C) $35.00
D) $10.00
146) Wolanski Corporation has provided the following data for its most recent year of
operations:
Selling price per unit
$
48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Units in beginning inventory
0
Units produced during the year
11,000
Units sold during the year
8,000
Units in ending inventory
3,000
The unit product cost under variable costing is closest to:
A) $21.00
B) $31.00
C) $35.00
D) $25.00
163
147) Wolanski Corporation has provided the following data for its most recent year of
operations:
Selling price per unit
$
48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Units in beginning inventory
0
Units produced during the year
11,000
Units sold during the year
8,000
Units in ending inventory
3,000
The net operating income (loss) under absorption costing is closest to:
A) $104,000
B) $33,000
C) $3,000
D) $136,000
165
148) Wolanski Corporation has provided the following data for its most recent year of
operations:
Selling price per unit
$
48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Units in beginning inventory
0
Units produced during the year
11,000
Units sold during the year
8,000
Units in ending inventory
3,000
The net operating income (loss) under variable costing is closest to:
A) $184,000
B) $216,000
C) $3,000
D) $33,000
167
149) Wolanski Corporation has provided the following data for its most recent year of
operations:
Selling price per unit
$
48
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
110,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Units in beginning inventory
0
Units produced during the year
11,000
Units sold during the year
8,000
Units in ending inventory
3,000
Which of the following statements is true?
A) The amount of fixed manufacturing overhead released from inventories is $248,000
B) The amount of fixed manufacturing overhead deferred in inventories is $248,000
C) The amount of fixed manufacturing overhead released from inventories is $30,000
D) The amount of fixed manufacturing overhead deferred in inventories is $30,000
150) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced during the year
9,000
7,000
Units sold during the year
6,000
7,000
Units in ending inventory
3,000
3,000
The unit product cost under absorption costing in Year 1 is closest to:
A) $35.00
B) $31.00
C) $7.00
D) $24.00
151) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The unit product cost under absorption costing in Year 2 is closest to:
A) $33.00
B) $9.00
C) $24.00
D) $37.00
152) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The unit product cost under variable costing in Year 1 is closest to:
A) $35.00
B) $24.00
C) $31.00
D) $28.00
172
153) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The net operating income (loss) under absorption costing in Year 1 is closest to:
A) $37,000
B) $132,000
C) $108,000
D) $16,000
174
154) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The net operating income (loss) under absorption costing in Year 2 is closest to:
A) $146,000
B) $118,000
C) $47,000
D) $41,000
176
155) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The net operating income (loss) under variable costing in Year 1 is closest to:
A) $174,000
B) $37,000
C) $150,000
D) $16,000
178
156) Bryans Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
13
Direct labor
$
6
Variable manufacturing overhead
$
5
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
4
Fixed selling and administrative expense per year
$
71,000
Year 1
Year 2
Units in beginning inventory
0
3,000
Units produced
9,000
7,000
Units sold
6,000
7,000
Units in ending inventory
3,000
3,0000
The net operating income (loss) under variable costing in Year 2 is closest to:
A) $41,000
B) $203,000
C) $175,000
D) $47,000
157) Plummer Corporation has provided the following data for its two most recent years of
operation:
Selling price per unit
$
44
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials
$
9
Direct labor
$
6
Variable manufacturing overhead
$
4
Fixed manufacturing overhead per year
$
63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold
$
5
Fixed selling and administrative expense per year
$
66,000
Year 1
Year 2
Units in beginning inventory
0
2,000
Units produced
9,000
7,000
Units sold
7,000
8,000
Units in ending inventory
2,000
1,0000
The unit product cost under absorption costing in Year 2 is closest to:
A) $9.00
B) $19.00
C) $28.00
D) $33.00
