What is the inventory cost per unit using variable costing

Assignment Help Managerial Accounting
Reference no: EM132515523

Question 1: Managerial Accounting reports are prepared

a.For external uses

b. All of these are correct

c. According to GAAP guidelines

d. To meet the needs of decision makers within the firm

Question 2: Product or Service Costing influences:

a.production managers making manufacturing decisions.( wrong)

b.finance managers making investment decisions.

c.all of the other four answers are true.

d.marketing managers making pricing decisions.

e.human resource managers making salary decisions.

Question 3: Which types of these special short run decisions is management likely to need to make?

a. Accept or reject a special order.

b.Pricing standard products.

c.Sell now or process further.

d.All four of the other answers require short run management decisions.

e.Make it yourself or buy it from outside ( wrong).

Question 4: Bailey Company incurred the following costs in manufacturing desk calculators:

Direct materials $18

Indirect materials (variable) 3

Direct labor 9

Indirect labor (variable) 7

Other variable factory overhead 13

Fixed factory overhead 34

Variable selling expenses 26

Fixed selling expenses 12

  • During the period, the company produced and sold 2000 units. What is the inventory cost per unit using variable costing?

Question 5: The following information is provided for Company Z.

Per Unit Total $ %

Sales Revenue (1,500 Units) $25.00 $37,500 100%

Variable Costs 10.00 15,000 40

Contribution Margin 15.00 22,500 60

Fixed Costs 10.00 15,000

Net Income 5.00 7,500

What is the Breakeven Point in Dollars?

Reference no: EM132515523

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