FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Calculate the total cost per unit when the total cost is given as 80000 OMR and unit sold are 8000 units Select one: a. 10 OMR b. 80000 OMR c. 800 OMR d. 80 OMRarrow_forwardWhich of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4arrow_forwardTotal Material cost is 500000 OMR Fixed cost is 0. Calculate Total Variable cost Select one: O a. 253000 Units O b. 251000 OMR O c. 252000 Units O d. 500000 OMR gearrow_forward
- es Product A Unit Contribution Margin S Product B Unit Contribution Margin 10.00 $ 3.00 16.15 46.40 7.00 6.00 12.30 57.10 Product Mix 50/50 90/10 60/40 75/25 Weighted- Average Contribution Marginarrow_forwardWhich of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.arrow_forwardDetermine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%arrow_forward
- What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed costarrow_forwardAssume the following information:VolumeTotal Cost100 units$1,30090 units1,500106 units1,750What is the variable cost per unit? (Round answer to three decimal places.)a. $28.125b. $15.625c. $20.178d. $13.175arrow_forwardTotal Material cost is 260000 OMR Fixed cost is 0. calculate Total Vairable cost a. 260000 OMR b. 250000 Units c. 256000 Units d. 256000 OMRarrow_forward
- Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:ProductA B CSelling price ..................................................... $180 $270 $240Variable expenses:Direct materials ............................................ 24 72 32Other variable expenses .............................. 102 90 148Total variable expenses ................................... 126 162 180Contribution margin .......................................... $ 54 $108 $ 60Contribution margin ratio .................................. 30% 40% 25%The same raw material is used in all three products. Barlow Company has only 5,000 pounds ofraw material on hand and will not be able to obtain any more of it for several weeks due to a strike in itssupplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling itsbacklog of orders. The material costs $8 per pound.Required:1. Compute the…arrow_forwardIf it takes 3 units of raw material to make one unit of a product and the cost per unit of raw material is $5, what is the standard raw material cost per unit of output? a. $1.67 b. $0.60 c. $15.00 d. $3.00arrow_forwardWhat is the amount of the income from operations that would be reported on the variable costing income statement? a. $519,870 Ob. $426,040 Oc. $511,330 Od. $396,930arrow_forward
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