Bryans Corporation has provided the following data for its two most recent years of operation: Selling price per unit$53Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$71,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced during the year9,000 7,000Units sold during the year6,000 7,000Units in ending inventory3,000 3,000The unit product cost under variable costing in Year 1 is closest to:
A. $24.00
B. $31.00
C. $28.00
D. $35.00
Answer: A
You might also like to view...
Use the lower-of-cost-or-market rule to determine the value of the following inventory for Bargain Bonanza, Inc. ITEMQTY COST MKT BASIS AMOUNT Mountain bikes154 $598 $554 Fax machines133 163 212 Dishwashers457 508 772 TVs491 196 252 VCRs123 259 235 Total value in Inventory is:
A. $85,316 B. $232,156 C. $464,292 D. $92,092
When using a niche marketing strategy, a firm goes after a large share of one or a few smaller segments
Indicate whether the statement is true or false
Harmonization of IASB and FASB standards is now being called:
a. benchmarking. b. conformity. c. uniformity. d. convergence.
Total flow time of all the jobs divided by the number of jobs gives the ______.
A. average processing time B. average job flow time C. average job tardiness D. average job setup time