Question : 91. A business operated at 100% of capacity during its first : 1246852

 

 

91. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (20,000 units):

 

 

  Direct materials

$180,000

 

  Direct labor

240,000

 

  Variable factory overhead

280,000

 

  Fixed factory overhead

 100,000

$800,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$130,000

 

  Fixed operating expenses

  50,000

180,000

 

 

 

If 1,500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet? A. $64,000B. $56,000C. $60,000D. $52,500

 

92. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (10,000 units):

 

 

  Direct materials

$ 80,000

 

  Direct labor

120,000

 

  Variable factory overhead

140,000

 

  Fixed factory overhead

  40,000

$380,000

Operating expenses:

 

 

  Variable operating expenses

$ 65,000

 

  Fixed operating expenses

  25,000

90,000

 

 

 

If 600 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet? A. $20,400B. $28,200C. $22,800D. $34,000

 

93. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (2,500 units):

 

 

  Direct materials

$42,500

 

  Direct labor

85,000

 

  Variable factory overhead

47,500

 

  Fixed factory overhead

 12,500

$187,500

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$15,000

 

  Fixed operating expenses

  4,500

19,500

 

 

 

If 75 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the absorption costing balance sheet? A. $5,625B. $5,250C. $5,760D. $6,075

 

94. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (10,000 units):

 

 

  Direct materials

$170,000

 

  Direct labor

360,000

 

  Variable factory overhead

190,000

 

  Fixed factory overhead

  50,000

$770,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$ 60,000

 

  Fixed operating expenses

  18,000

78,000

 

 

 

If 500 units remain unsold at the end of the month, what is the amount of inventory that would be reported on the variable costing balance sheet? A. $22,500B. $36,000C. $42,400D. $38,500

 

95. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (10,000 units):

 

 

  Direct materials

$140,000

 

  Direct labor

40,000

 

  Variable factory overhead

20,000

 

  Fixed factory overhead

   4,000

$204,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$ 34,000

 

  Fixed operating expenses

   2,000

36,000

 

 

 

If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? A. $108,000B. $100,000C. $114,800D. $140,000

 

96. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (5,000 units):

 

 

  Direct materials

$70,000

 

  Direct labor

20,000

 

  Variable factory overhead

10,000

 

  Fixed factory overhead

  2,000

$102,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$17,000

 

  Fixed operating expenses

  1,000

18,000

 

 

 

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement? A. $50,400B. $50,000C. $52,000D. $70,000

 

97. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (10,000 units):

 

 

  Direct materials

$140,000

 

  Direct labor

40,000

 

  Variable factory overhead

20,000

 

  Fixed factory overhead

   4,000

$204,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$ 34,000

 

  Fixed operating expenses

   2,000

36,000

 

 

 

If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what is the amount of the manufacturing margin that would be reported on the variable costing income statement? A. $100,000B. $108,000C. $140,000D. $114,800

 

98. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (5,000 units):

 

 

  Direct materials

$70,000

 

  Direct labor

20,000

 

  Variable factory overhead

10,000

 

  Fixed factory overhead

  2,000

$102,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$17,000

 

  Fixed operating expenses

  1,000

18,000

 

 

 

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what is the amount of the manufacturing margin that would be reported on the absorption costing income statement? A. $50,000B. $54,000C. not reportedD. $70,000

 

99. A business operated at 100% of capacity during its first month and incurred the following costs: 

Production costs (5,000 units):

 

 

  Direct materials

$70,000

 

  Direct labor

20,000

 

  Variable factory overhead

10,000

 

  Fixed factory overhead

  2,000

$102,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$17,000

 

  Fixed operating expenses

  1,000

18,000

 

 

 

If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what is the amount of the contribution margin that would be reported on the variable costing income statement? A. $51,400B. $52,000C. $54,000D. $53,000

 

100. A business operated at 100% of capacity during its first month, with the following results: 

Sales (160 units)

 

$160,000

Production costs (200 units):

 

 

  Direct materials

$100,000

 

  Direct labor

20,000

 

  Variable factory overhead

10,000

 

  Fixed factory overhead

   4,000

134,000

 

 

 

Operating expenses:

 

 

  Variable operating expenses

$ 12,000

 

  Fixed operating expenses

   2,000

14,000

 

 

 

What is the amount of the manufacturing margin that would be reported on the variable costing income statement? A. $30,000B. $38,800C. $56,000D. $44,000

 

 

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