Blottone Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $20,000 and the ending balance was $36,000. Raw materials purchases during the month totaled $63,000. Manufacturing overhead cost incurred during the month was $111,000, of which $2,000 consisted of raw materials classified as indirect materials. The direct materials cost for May was:

Assume the following information for a company that produced and sold 10,000 units during its first year of operations:    Per Unit   Per Year   Selling price   $ 200             Direct materials   $ 67             Direct labor   $ 50             Variable manufacturing overhead   $ 10             Fixed manufacturing overhead           $ 300,000     Using absorption costing, what is the company’s unit product cost?

Bacob Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $103.40 per unit.             Sales volume (units)   5,000     6,000 Cost of sales $ 315,500   $ 378,600 Selling and administrative costs $ 162,500   $ 177,600  The best estimate of the total contribution margin when 5,300 units are sold is: 

Variable costing net operating income is usually closer to the net cash flow of a period than is absorption costing net operating income.

Story Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.       Sales (4,200 units) $ 155,400 Variable expenses   100,800 Contribution margin   54,600 Fixed expenses   42,400 Net operating income $ 12,200  If the company sells 4,600 units, its total contribution margin should be closest to:

Rita Corporation has provided the following data for its two most recent years of operation:       Selling price per unit $ 67 Manufacturing costs:     Variable manufacturing cost per unit produced:     Direct materials $ 10 Direct labor $ 5 Variable manufacturing overhead $ 3 Fixed manufacturing overhead per year $ 252,000 Selling and administrative expenses:     Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 65,000     Year 1 Year 2 Units in beginning inventory 0 1,000 Units produced during the year 9,000 7,000 Units sold during the year 8,000 7,000 Units in ending inventory 1,000 1,000  The net operating income (loss) under absorption costing in Year 2 is closest to:

Frontline Corporation has provided the following information:   Cost per Unit Cost per Period Direct materials $ 6.20         Direct labor $ 3.70         Variable manufacturing overhead $ 1.25         Fixed manufacturing overhead       $ 10,000   Sales commissions $ 1.50         Variable administrative expense $ 0.50         Fixed selling and administrative expense       $ 5,000    For financial reporting purposes, the total amount of product costs incurred to make 5,000 units is closest to: 

The password for your online exam is: jelly1The link for the online exam is in the Step 1 folder and you should have opened it in a new tab before you begin this test.Instructions:Before you begin your exam, hold up all sheets of paper you will be using to the camera to show that there is nothing written on it. If your instructor allows the use of formula sheets or a handheld calculator, please hold these up to the camera as well.Enter the password found above into the online exam tab open in Step 1 and complete the exam. Once completed, hold up each completed sheet of paper to the camera.Answer the Yes/No question below and proceed to the next question.DO NOT SUBMIT OR CLOSE YOUR TEST before answering all the questions.Question:I have completed and submitted my online exam and I have held up all my sheets of paper (front and back) to record an image of them on the camera.

In a motion to provide testimony via CCTV, the court may order CCTV if:

The case of Ashcroft v. Free Speech Coalition: