Flint Enterprises had the following cost and production information for April: Units Produced 20,000Unit Sales Price $200Manufacturing Cost Per Unit Direct Material $50Direct Labor $25Variable Manufacturing Overhead $10Fixed Manufacturing Overhead($400,000/20,000)=$20Full Manufacturing Cost Per Unit $105Nonmanufacturing Costs Variable Selling Expenses $80,000Fixed General and Administrative Costs $75,000Inventory increased by 4,000 units during April. What is Flint Enterprise's income under variable costing?
A. $1,365,000
B. $1,745,000
C. $1,785,000
D. $1,285,000
Answer: D
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The employee entered "40" in the "hours worked per day" field. Which check would detect this unintentional error?
a. numeric/alphabetic data check b. sign check c. limit check d. missing data check
Trendables, a manufacturer of electronic jewelry had the following results from its Subunit W:
Requirements:
1. Complete the performance evaluation report for this subunit (round to two decimal places).
2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit?
3. Which items should be investigated if management's decision criteria is to investigate all variances equal to or exceeding $10,000 and 10% (both criteria must be met)?
4. Is it possible that the variances are due to a higher-than-expected sales volume?
5. Which balanced scorecard perspective is being addressed by this performance report? Is it a lead or lag indicator?
Why is the profitability index a better basis than net present value to compare projects that require different levels of investment?
Martin Company reported net income of $15,400 on gross sales of $85,000. The company has average total assets of $120,200, of which $105,000 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.)
A. 70.72% B. 14.67% C. 18.12% D. 12.81%