Schwiesow Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$7.05 Direct labor$3.50 Variable manufacturing overhead$1.65 Fixed manufacturing overhead $11,000Sales commissions$1.00 Variable administrative expense$0.40 Fixed selling and administrative expense $5,500If 4,000 units are sold, the variable cost per unit sold is closest to:
A. $13.60
B. $12.20
C. $16.90
D. $14.40
Answer: A
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Business income allocations from an S corporation to its shareholders are potentially subject to the 3.8 percent net investment income tax if the shareholders are passive investors in the S corporation.
Answer the following statement true (T) or false (F)
Selected data for Lemon Grass, Inc for the year are provided below Factory Utilities $1,000 Indirect Materials Used 34,000 Direct Materials Used 292,000 Property Taxes on Factory Building 5,900 Sales Commissions 85,000 Indirect Labor Incurred 22,000 Direct Labor Incurred 150,000 Depreciation on Factory Equipment 6,800 What is the total manufacturing overhead?
A) $442,000 B) $56,000 C) $69,700 D) $13,700
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