60.1K

Verified Solution

Link Copied!

SOS PLEASE please

sorry here it is

Foamtastic Bags makes only one product, extra large bean bags These bean bags are so big that an entire family can suggle on them while watching a movio in quarantine The firm has provided the following data concoming its most recent months of operations Selling Price Unit $124/ unit Variable Costs/Unit: Direct Materials $43/unit Direct Labor $27/unit Variable MOM $unt Variable SG&A $hult Fixed Costs: Fixed MOH $65,991 Round ALL calculations to the nearest hundredth (two decimal places). 1. Calculate the number of unitsin ending Inventory at the end of MONTH 2 OA 1073 units OB. 375 units OC. 719 units OD 698 units 2. How many units sold in MONTH 2 come from MONTH 2 production OA 5,862 units OB 1.2 16 units OC. 5.143 units OD. 5,510 units Calculate the FOH ani in MONTH 1 OA 511 26 OB. 59.52 OC 511 6 OD 510 6. und Cuck to select your answer Foamtastic Bags makes only one product, extra large bean bagi These bean bags are so big that an entire family can snuggle on them while watching a movie in quarantine The firm has provided the following data concering its most recent months of operations Selling Price Unit $124/unit Variable Costs/Unit: Direct Materials $43/unit Direct Labor $27/unit Variablo MOH $5 unit Variable SG&A $unit Fixed Costs: Fbed MOH $65,991 4. Calculate the FOH/unit in MONTH 2 O A $11 96/unit OB. $9 52/unt OC. $11 26/unit OD. $10 62/unit 5. Calculate the SALES REVENUE In MONTH 2. Rounding may cause a discrepancy Choose the closest number O A $684.232 OB. $637.732 O c. $770,784 OD. $726,885 6 Calculate the VARIABLE COGS IN MONTH 2 Rounding may use a discrepancy Choose the closest number O A $31.080 OB. $466.200 OC. $439,650 OD. $435.120 Click to select your answer Foantastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entre family can snuggle on them while watching a movilo in quarantine. The fim has provided the following data concoming its most recent months of operations. $124/unit Selling Price Unit Variable Costs/Unit: Direct Materials Direct Labor Variable MOH Variable SG&A Fixed Costs: Fbed MOH $43/unit $27/unit $5 unit $9/unit $65.991 7. Calculate the VARIABLE S,G,&A in MONTH 2. Rounding may cause a discrepancy. Choose the closest number O A. $55,944 OB. $52.758 OC. 562,415 OD. $49,662 8. Calculate the FIXED COGS under ABSORPTION costing in MONTH 2. Rounding may cause a discrepancy Choose the closest number O A $65.995.28 B. $74,343.36 OC. $71,725 24 OD. $59.176.32 9. Calculate the FIXED MANUFACTURING cost under VARIABLE costing in MONTH 2 Rounding may cause a discrepancy. Choose the closest number O A $65.991 OB. $71,725 24 OC. $74 343 35 OD. $59,176.32 Click to select your answer Foamtastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entire family can snuggle on them while watching a movie in quarantine. The firm has provided the following data concoming its most recent months of operations Selling Price/Unit $124/unit Variable Costs/Unit: Direct Materials $43/unit Direct Labor $27/unit Variable MOH $5/unit Variable SG&A $9/unit Fixed Costs: Fixed MOH $65.991 10 Calculate the FIXED S,G&A for MONTH 2 Rounding may cause a discrepancy Choose the closest number OA $65.991 OB. $35,099 OC. $29,668,4 OD. $39,538.85 11. Calculate the OPERATING INCOME under ABSORPTION COSTING for MONTH 2 Rounding may cause a discrepancy Choose the closest number O A $154,364.68 OB. $147,550 OC. $141.815.76 OD. $139,197 64 12 Calculate the OPERATING INCOME under VARIABLE COSTING for MONTH 2 Rounding may cause a discrepancy Choose the closest number OA $141,815.76 OB. $147,550 OC. $139.197 64 OD. $154,354 68 4) UMTU LAITU Click to select your answer Fantastic Bags makes only one product, extra large bean bags. These bean bags are so big that an entire family can snuggle on them whie watching a movie in quarantine. The firm has provided the following data conceming its most recent months of operations. $124/unit Selling Price Unit Variable Costs/Unie Direct Materials Direct Labor Variable MOH Variablo SG&A Fixed Costs: Fbed MOH $43/unit $27/unit $5 unit $9/unit $65.991 Oc. 1073 units OD 698 units 15 What is the formula to calculate the change in the value of FOH during MONTH 2? Hint The change in operating incomo should be equal to this number OA (AUnits Month 1 Inventory Month 1FOHunt) B. (AUnit Month inventory Month 2FOH unit) (A Units Month inventory Month 1FOH) OC. (Unitsonth inventory Month2FoHunt) OD. (Units Month inventory Month FoHunt) (AUnits Month Inventory Month Fount) 16 The diference in operating Income under these two methods is caused by OA. Adifference in the way we expense fixed manufacturing OH OB. A difference in the way we expense variable manufacturing OH OC. A difference in the way we expense fixed S.G&A OD. A difference in the way we expense variable, G&A OE. Both A&C OB Both B & D Click to select your answer Direct Materials $43/unit Direct Labor $27/unit Variable MOH $5hanit Variable SG&A Fixed Costs: Fbced MOH $65.991 Fixed S, GA $35,099 The company started out the month with no units in Inventory During the first month, the tom produced 6,935 units Sales during Month 1 totaled 5,862 units During the second month, the manager was forced to sell off some of the Inventory he had accumulated. They sold 6.216 units in Month 2 but only produced 5,518. All production costs remained stable across the periods. The company currently use a fost infinitou (FIFO) System to account for inventory OC. 1073 units OD. 693 units 15 What the formata to calculate the change in the value of FOH during MONTH 2? Hat The change in operating income should be equal to this number OA (A Month inventory Month FOH) B. (Units Monvihloventory Month Fount) (Units Month lnventory Month FOH) OC (UniteMondainventory Month FOH) OD. (Unit Month Inventory Month FOH (Unit Month inventory Month OH anit) 16 The difference in operating income under these two methods is caused by OA. A diference in the way we expense foxed manufacturing OH O . Adference in the way we expense variable manufacturing OH OC. A difference in the way we expenser fred 5.G. SA D. Adherence in the way we expense variatie 3,0 LA OE. Both A&C OF Do B& Click to select your

Answer & Explanation Solved by verified expert

See Answer