Question :
81.In its first year of operations, a company has sales : 1169336
81.In its first year of operations, a company has sales of $100,000, ending finished goods inventory of $9,000, variable manufacturing costs of $50,000, and fixed manufacturing costs of $28,000 for the year. Assuming the company uses direct costing, the manufacturing margin for the year is
A. $22,000.
B. $31,000.
C. $59,000.
D. $13,000.
82.In its first year of operations, a company has sales of $150,000, ending finished goods inventory of $10,000, variable manufacturing costs of $50,000, and fixed manufacturing costs of $30,000 for the year. The company pays 10% commission to its sales force and has fixed selling and administrative expenses of $25,000 annually. The company has no other variable expenses. Assuming the company uses direct costing, the contribution margin for the year is
A. $110,000.
B. $95,000.
C. $40,000.
D. $13,000.
83.In its first year of operations, a company has sales of $150,000, ending finished goods inventory of $10,000, variable manufacturing costs of $50,000, and fixed manufacturing costs of $30,000 for the year. The company pays 10% commission to its sales force and has fixed selling and administrative expenses of $25,000 annually. The company has no other variable expenses. Assuming the company uses direct costing, the net income for the year is
A. $110,000.
B. $95,000.
C. $40,000.
D. $13,000.
84.In its first year of operations, a company has sales of $100,000, ending finished goods inventory of $9,000, variable manufacturing costs of $50,000, and fixed manufacturing costs of $28,000 for the year. Assuming the company uses direct costing, the cost of goods sold for the year is
A. $22,000.
B. $41,000.
C. $59,000.
D. $13,000.
85.Timkon Manufacturing has provided the following operating results for its recent operations: Using the absorption method, cost of goods manufactured for the year is:
A. $200,000
B. $230,000
C. $300,000
D. $330,000
86.Timkon Manufacturing has provided the following operating results for its recent operations: Assuming beginning inventory cost per unit is not different than ending inventory cost, the value of the ending inventory under absorption costing is:
A. $63,000
B. $60,000
C. $46,000
D. $40,000
87.Timkon Manufacturing has provided the following operating results for its recent operations: Net income under the absorption costing method is:
A. $25,000
B. $76,500
C. $101,500
D. $126,500
88.Timkon Manufacturing has provided the following operating results for its recent operations: Using the direct method, cost of goods manufactured for the year is:
A. $200,000
B. $230,000
C. $300,000
D. $330,000
89.Timkon Manufacturing has provided the following operating results for its recent operations: Assuming beginning inventory cost per unit is not different than ending inventory cost, the value of the ending inventory under direct costing is:
A. $40,000
B. $46,000
C. $60,000
D. $63,000
90.Timkon Manufacturing has provided the following operating results for its recent operations: Net income under the direct (variable) costing method is:
A. $25,000
B. $76,500
C. $101,500
D. $126,500
