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Under absorption costing, what is Beach Corporation's actual net operating income for its first year?


A) $60,000
B) $115,200
C) $117,600
D) $124,800

E) B) and C)
F) A) and B)

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What is the net operating income for the month under variable costing?


A) $8,800
B) $12,200
C) $1,700
D) $24,800

E) None of the above
F) All of the above

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The unit product cost under absorption costing in Year 1 is closest to:


A) $35.00
B) $31.00
C) $7.00
D) $24.00

E) C) and D)
F) None of the above

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What is the total period cost for the month under variable costing?


A) $133,100
B) $113,500
C) $40,000
D) $93,100

E) B) and C)
F) A) and D)

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The total gross margin for the month under the absorption costing approach is:


A) $149,600
B) $10,200
C) $115,400
D) $91,800

E) B) and C)
F) A) and D)

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Stoneberger Corporation produces a single product and has the following cost structure: Stoneberger Corporation produces a single product and has the following cost structure: The variable costing unit product cost is: A) $128 per unit B) $125 per unit C) $202 per unit D) $131 per unit The variable costing unit product cost is:


A) $128 per unit
B) $125 per unit
C) $202 per unit
D) $131 per unit

E) A) and D)
F) C) and D)

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Quates Corporation produces a single product and has the following cost structure: Quates Corporation produces a single product and has the following cost structure: Required: Compute the unit product cost under absorption costing.Show your work! Required: Compute the unit product cost under absorption costing.Show your work!

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Rhea Corporation has provided the following data for its two most recent years of operation: Rhea Corporation has provided the following data for its two most recent years of operation: The net operating income (loss) under absorption costing in Year 2 is closest to: A) $6,000 B) $99,000 C) ($2,000) D) $71,000 Rhea Corporation has provided the following data for its two most recent years of operation: The net operating income (loss) under absorption costing in Year 2 is closest to: A) $6,000 B) $99,000 C) ($2,000) D) $71,000 The net operating income (loss) under absorption costing in Year 2 is closest to:


A) $6,000
B) $99,000
C) ($2,000)
D) $71,000

E) A) and D)
F) A) and B)

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What is the unit product cost for the month under absorption costing?


A) $80 per unit
B) $72 per unit
C) $63 per unit
D) $89 per unit

E) C) and D)
F) B) and D)

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The value of the company's inventory on November 30 under absorption costing would be:


A) $54,000
B) $66,000
C) $78,000
D) $81,000

E) A) and C)
F) B) and C)

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Masley Corporation has provided the following data for its two most recent years of operation: Masley Corporation has provided the following data for its two most recent years of operation: In Year 1, 10,000 units were produced and in Year 2, 7,000 units were produced. Required: a.Assume the company uses absorption costing.Compute the unit product cost in each year. B.Assume the company uses variable costing.Compute the unit product cost in each year. In Year 1, 10,000 units were produced and in Year 2, 7,000 units were produced. Required: a.Assume the company uses absorption costing.Compute the unit product cost in each year. B.Assume the company uses variable costing.Compute the unit product cost in each year.

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a.Absorption costing unit prod...

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: What is the variable costing unit product cost for the month? A) $59 per unit B) $83 per unit C) $87 per unit D) $55 per unit What is the variable costing unit product cost for the month?


A) $59 per unit
B) $83 per unit
C) $87 per unit
D) $55 per unit

E) B) and C)
F) A) and D)

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The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:


A) the same as absorption costing.
B) $6,800 greater than under absorption costing.
C) $6,800 less than under absorption costing.
D) $4,000 less than under absorption costing.

E) A) and D)
F) All of the above

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The net operating income (loss) under variable costing in Year 2 is closest to:


A) $80,000
B) $680,000
C) $620,000
D) $56,000

E) B) and C)
F) A) and C)

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The costing method that treats all fixed costs as period costs is:


A) absorption costing.
B) job-order costing.
C) variable costing.
D) process costing.

E) B) and D)
F) B) and C)

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Mckissic Corporation has two divisions: Domestic and Foreign.Data from the most recent month appear below: Mckissic Corporation has two divisions: Domestic and Foreign.Data from the most recent month appear below: The break-even in sales dollars for the company as a whole is closest to: A) $437,304 B) $347,886 C) $394,323 D) $89,418 The break-even in sales dollars for the company as a whole is closest to:


A) $437,304
B) $347,886
C) $394,323
D) $89,418

E) B) and D)
F) A) and B)

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Worrel Corporation manufactures a single product.The following data pertain to the company's operations over the last two years: Worrel Corporation manufactures a single product.The following data pertain to the company's operations over the last two years: Required: a.Determine the absorption costing net operating income last year.Show your work! b.Determine the absorption costing net operating income this year.Show your work! Required: a.Determine the absorption costing net operating income last year.Show your work! b.Determine the absorption costing net operating income this year.Show your work!

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Under absorption costing, for November the company would report a:


A) $145,000 profit
B) $125,000 profit
C) $125,000 loss
D) $120,000 profit

E) B) and D)
F) A) and D)

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The Domestic Division's break-even sales is closest to:


A) $309,474
B) $157,895
C) $224,211
D) $470,663

E) None of the above
F) A) and B)

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What is the company's overall net operating income if it operates at the break-even points for its two divisions?


A) $(79,420)
B) $21,700
C) $(265,420)
D) $0

E) A) and B)
F) A) and D)

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