Question : 131. If variable cost of goods sold totaled $90,000 for the : 1233847

131. If variable cost of goods sold totaled $90,000 for the year (18,000 units at $5 each) and the planned variable cost of goods sold totaled $88,000 (16,000 units at $5.50 each), the effect of the unit cost factor on the change in variable cost of goods sold is: A. $2,000 decreaseB. $2,000 increaseC. $11,000 increaseD. $9,000 decrease

132. The difference between the planned and actual contribution margin can be caused by: A. an increase or decrease in the amount of salesB. an increase in the amount of variable costs and expensesC. a decrease in the amount of variable costs and expensesD. A, B, or C

133. The systematic examination of the differences between planned and actual contribution margin is termed: A. gross profit analysisB. contribution margin analysisC. sales mix analysisD. volume variance analysis

134. Mama’s Chocolate had planned to sell their chocolate covered strawberries for $3.00 each. Due to various factors the actual price was $2.75. Mama’s was able to sell 1,000 more strawberries than anticipated to 4,000. What is the a) quantity factor and b) the price factor for sales? A. a) $3,000, b) ($1,000)B. a) $3,000, b) $2,000C. a) $1,000 b) $2,000D. a) ($3,000) b) ($2,000)

135. Contribution margin analysis focuses on the effects of: A. the quantity factorB. the unit cost factorC. the unit sales price factorD. A, B, and C

136. In which of the following types of firms would it be appropriate to prepare contribution margin reporting and analysis? A. Boat manufacturingB. A chain of beauty salons.C. Home buildingD. A, B, and C

137. Which of the following would not be an appropriate activity base for cost analysis in a service firm? A. Lawns mowed.B. Inventory producedC. Customers served.D. Haircuts given

138. Stanton Company has the following information for March: 

Sales

$470,000

Variable cost of goods sold

  225,000

Fixed manufacturing costs

    80,000

Variable selling and administrative expenses

    52,000

Fixed selling and administrating expenses

    35,000

Determine the March (a) manufacturing margin, (b) contribution margin, and (c) income from operations for Stanton Company. 

139. Telleron Company has the following information for March: 

Sales

$510,000

Variable cost of goods sold

  245,000

Fixed manufacturing costs

    85,000

Variable selling and administrative expenses

    56,000

Fixed selling and administrating expenses

    40,000

Determine the March (a) manufacturing margin, (b) contribution margin, and (c) income from operations for Telleron Company. 

140. Fixed costs are $10 per unit and variable costs are $25 per unit. Production was 13,000 units, while sales were 12,000 units. Determine (a) whether variable cost income from operations is less than or greater than absorption costing income from operations, and (b) the difference in variable costing and absorption costing income from operations. 

141. Fixed costs are $50 per unit and variable costs are $125 per unit.  Production was 130,000 units, while sales were 125,000 units. Determine (a) whether variable cost income from operations is less than or greater than absorption costing income from operations, and (b) the difference in variable costing and absorption costing income from operations.