Question : 71. Sea Company reports the following information regarding its production : 1256626

 

 

71. Sea Company reports the following information regarding its production cost. 

Units produced

42,000 units

Direct labor

$35 per unit

Direct materials

$28 per unit

Variable overhead

$17 per unit

Fixed overhead

$105,000 in total

Compute production cost per unit under variable costing.A.  $28.00B.  $82.50C.  $80.00D.  $63.00E.  $35.00

 

 

72. Sea Company reports the following information regarding its production cost: 

Units produced

42,000 units

Direct labor

$35 per unit

Direct materials

$28 per unit

Variable overhead

$17 per unit

Fixed overhead

$105,000 in total

Compute production cost per unit under absorption costing.A. $28.00B. $82.50C. $80.00D. $63.00E. $35.00

 

Reference: 19_01

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. 

Units produced this year

25,000 units

Units sold this year

15,000 units

Direct materials

$9 per unit

Direct labor

$11 per unit

Variable overhead

$75,000 in total

Fixed overhead

$137,500 in total

 

 

73. Given Advanced Company’s data, compute cost per unit of finished goods under variable costing.A.  $20.00B.  $25.00C.  $21.88D.  $23.00E.  $28.50

 

 

74. Given Advanced Company’s data, compute cost per unit of finished goods under absorption costing.A.  $20.00B.  $34.17C.  $25.32D.  $23.00E.  $28.50

 

 

75. Given Advanced Company’s data, compute cost of finished goods in inventory under absorption costing.A.  $285,000B.  $712,500C.  $427,500D.  $230,000E.  $345,000

 

 

76. Given Advanced Company’s data, compute cost of finished goods in inventory under variable costing.A.  $285,000B.  $712,500C.  $427,500D.  $230,000E.  $345,000

 

 

77. Given Advanced Company’s data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing.

A.  $55,000

B.  $67,500

C.  $80,500D.  $122,500

E.  $205,000

 

 

78. Given Advanced Company’s data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under variable costing.

A.  $55,000

B.  $67,500

C.  $80,500D.  $122,500

E.  $205,000

 

 

79. Clear Company reports the following information for its first year of operations: 

Units produced this year

50,000 units

Units sold this year

49,000 units

Direct materials

$7 per unit

Direct labor

$3 per unit

Variable overhead

$210,000 in total

Fixed overhead

? in total

If the company’s cost per unit of finished goods using absorption costing is $19.30, what is total fixed overhead?A.  $350,000B.  $255,000C.  $150,000D.  $249,900E.  $147,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

80. Cloudy Company reports the following information for the current year:

 

Units produced this year

51,000 units

Units sold this year

53,000 units

Direct materials

$6 per unit

Direct labor

$3 per unit

Variable overhead

$255,000 in total

Fixed overhead

? in total

If the company’s cost per unit of finished goods using absorption costing is $18, what is total fixed overhead?

A.  $204,000B.  $212,000C.  $213,690D.  $222,070E.  $459,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more