) Genosis Metals provided the following information for last month:             Sales                              $20,000             Variable costs                    8,000             Fixed costs                        4,000             Operating income            $8,000 If sales reduce to half the amount...

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Accounting

) Genosis Metals provided the following information for lastmonth:

           Sales                             $20,000

           Variablecosts                   8,000

           Fixedcosts                       4,000

           Operatingincome           $8,000

If sales reduce to half the amount in the next month, what isthe projected operating income?

A) $0

B) $4,000

C) $2,000

D) $6,000

Answer the following questions using the information below:

Buildz Manufacturing currently produces 1,000 tables per month.The following per unit data for 1,000 tables apply for sales toregular customers:

           Directmaterials                              $50

           Direct manufacturinglabor               10

           Variable manufacturing overhead     15

           Fixed manufacturingoverhead         30

                 Total manufacturingcosts         $105

2) The plant has capacity for 3,000 tables and is consideringexpanding production to 3,000 tables. What is the total cost ofproducing 3,000 tables?

A) $255,000

B) $225,000

C) $175,000

D) $235,000

3) What is the per unit cost when producing 3,000 tables?

A) $58.33

B) $175.00

C) $85.00

D) $125.45

Answer the following questions using the information below:

Pederson Company reported the following:

           Manufacturingcosts           $150,000

           Unitsmanufactured           5,000

           Unitssold                          4,700 units sold for $75 per unit

           Beginninginventory          100units

4) What is the average manufacturing cost per unit?

A) $40.00

B) $42.00

C) $30.00

D) $32.00

5) What is the manufacturing cost for the ending finished goodsinventory?

A) $12,000

B) $8,000

C) $11,000

D) $5,000

Answer the following questions using the information below:

Northern Star sells several products. Information of averagerevenue and costs is as follows:

           Selling price perunit                     $20.00

           Variable costs per unit:

                 Directmaterial                          $4.00

                 Direct manufacturinglabor         $1.60

                 Manufacturingoverhead            $0.40

                 Sellingcosts                               $2.00

           Annual fixedcosts                        $96,000

The company sells 12,000 units at the end of the year.

6) The contribution margin per unit is ________.

A) $11.00

B) $12.00

C) $4.00

D) $14.00

Answer & Explanation Solved by verified expert
4.2 Ratings (708 Votes)
Answer to 1 The correct answer is C 2000 Reason Calculation of Operating Income when sales reduces to half Particulars Amount Sales 10000 Variable Costs 4000 80002000010000 Fixed Costs 4000 Operating Income 2000 Answer to 2 The correct answer is A 255000 Reason Calculation of Total Cost of    See Answer
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