Cloudy Corporation has provided the following cost data for last year when 50,000 units were produced and sold: Raw materials $200,000 Direct labor 100,000 Manufacturing overhead 200,000 Selling and administrative expense 150,000 All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense.If the selling price is $12 per unit, the net operating income from producing and selling 120,000 units would be:

Fieldman Corp. obtained the following information from its accounting records: Sales $19,000 Beginning Finished Goods Inventory $12,000 Ending Finished Goods Inventory $ 8,000 Cost of Goods Sold $ 9,000 The Cost of Goods Manufactured this period equals:

The following costs related to Summertime Company for a relevant range of up to 20,000 units annually: Variable Costs:     Direct materials $2.50   Direct labor 0.75   Manufacturing Overhead 1.25   Selling and administrative 1.50 Fixed Costs:     Manufacturing overhead $10,000   Selling and Administrative 5,000 The selling price per unit of product is $15.00.At a sales volume of 15,000 units, what is the total profit for Summertime Company?

Lorri’s income statement is as follows: Sales (5,000 units) $75,000 Less variable costs – 24,000 Contribution margin $51,000 Less fixed costs – 12,000 Net income $ 39,000 If sales increase by 1,000 units, profits will:

Super Speedy Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years: Year Miles Operating Costs 2016 55,000 $195,000 2017 70,000 $210,000 2018 50,000 $180,000 2019 65,000 $205,000 2020 85,000 $225,150 What is the best estimate of total operating expenses for 2021 using the high-low method based on total expected miles of 60,000?

If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line relative to its previous position will

The balance in the Work in Process Inventory account on April 1 was $26,800, and the balance on April 30 was $22,600. Costs incurred during the month were as follows: direct materials, $41,250; direct labor, $21,300; and overhead, $32,600.What amount was transferred to the Finished Goods Inventory account for April? Select one:

Company X has a degree of operating leverage of 10, whereas, Company Y has a degree of operating leverage of 5. Each company has the same level of sales.Which of the following statements is true?

If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line relative to its previous position will

Soil Company sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then Select one: