Final Exam-1.pdf

How much indirect factory wages and factory equipment depreciation cost would NOTbe assigned to products using the activity-based costing system?

Problem 1 (7 points) Skyway Company manufactures dining carts for airlines.  The company uses variable costing for internal management reports and absorption costing for external reporting.  The company has the following (incomplete) data related to inventory and income     2013 2014 2015 Beginning Inventory (units) 200   e Ending Inventory (units) a b f Variable Costing net operating income $260,000 d $320,000 Absorption Costing net operating income c $300,000 g             The company’s fixed manufacturing overhead was constant over the three years at $500,000.  Production was also constant over the three-year period at 2,000 units per year.  Sales (in units) were as follows: 1,800 units in 2013; 2,200 units in 2014;2,200 units in 2015.  Find the missing amounts in the table above. Input your answers for letters a-g.   

Use the following information to answer questions 5 to 7, inclusive.A cement manufacturer has supplied the following data:What is the company’s unit contribution margin?

The company’s contribution margin ratio is closest to:

Which of the following represents the normal sequence in which the indicated budgets are prepared?

Mancuso Corporation has provided its contribution format income statement for January. The company produces and sells a single product.  If the company sells 3,100 units, its total contribution margin should be closest to:

Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 8,000 units and of Product B is 6,000 units. There are three activity cost pools, with total cost and total activity as follows: The activity-based costing cost per unit of Product A is closest to:

Stephen Company has the following data for its three stores last year: Given the above data, the total company sales were: 

If the company increases its unit sales volume by 3% without increasing its fixed expenses, then total net operating income should be closest to: