Question

In: Accounting

Understand you can only answer 1 question, but if you are able to answer them all...

Understand you can only answer 1 question, but if you are able to answer them all I will guarantee a thumbs up.

Variable production cost per unit $8

Variable S and A cost per unit $2

Fixed overhead cost $150,000

Fixed selling and admin, cost $200,000

Units produced $50,000

Units sold $48,000

Using full costing, the cost per unit is

A. $8

B. $11

C. $12

D. $9.05

Using variable costing, the cost of the ending inventory is:

A. $40,000

b. $22,000

C. $16,000

D. $24,000

Using variable costing, the contribution margin is

A. $576,000

B. 432,000

C. $336,000

d. $480,000

Using full costing, the gross margin is

A. $576,000

B. 432,000

C.336,000

D. $480,000

Total period costs under variable costing are

A. $350,000

B. $296,000

C.$446,000

D.$200,000

Expert Solution

1
Variable production cost per unit	8
Fixed overhead cost per unit	3	=150000/50000
Cost per unit	11
Option B $11 is correct

2
Units in ending inventory	2000	=50000-48000
X Variable production cost per unit	8
Che cost of the ending inventory	16000
Option C $16,000 is correct

3
Total sales	960000	=48000*20
Less: Total variable costs	480000	=48000*(8+2)
Contribution margin	480000
Option D $480,000 is correct

4
Total sales	960000	=48000*20
Less: Cost of goods sold	528000	=48000*11
Gross margin	432000
Option B $432,000 is correct

5
Fixed overhead cost	150000
Variable S and A cost per unit	200000
Fixed selling and admin, cost	96000	=48000*2
Total period costs under variable costing	446000
Option C $446,000 is correct

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