110.Given the Scavenger Company data, what is net income using absorption costing?
A. $201,250
B. $181,250
C. $150,000
D. $177,600
E. $276,250
111.Given the Scavenger Company data, what is net income using variable costing?
A. $201,250
B. $181,250
C. $150,000
D. $177,600
E. $276,250
112.Given the Cool Pools Company data, what is net income using absorption costing?
A. $1,649,480
B. $1,648,600
C. $1,627,150
D. $1,709,480
E. $1,708,600
113.Given the Cool Pools Company data, what is net income using variable costing?
A. $1,649,480
B. $1,648,600
C. $1,627,150
D. $1,709,480
E. $1,708,600
114.Brush Industries reports the following information for May:
Sales$900,000
Fixed cost of goods sold100,000
Variable cost of goods sold250,000
Fixed selling and administrative costs100,000
Variable selling and administrative costs125,000
Calculate the gross margin for May under absorption costing?
A. $650,000
B. $325,000
C. $525,000
D. $550,000
115.Reliance Corporation sold 4,000 units of its product at a price of $15 per unit. Total variable cost per unit is $8.50, consisting of $7.75 in variable production cost and .75 in variable selling and administrative cost. Compute contribution margin for the company.
A. $26,000
B. $34,000
C. $60,000
D. $31,000
E. $36,900
116.Quaker Corporation sold 6,600 units of its product at a price of $42.40 per unit. Total variable cost per unit is $19.25, consisting of $10.15 in variable production cost and $9.10 in variable selling and administrative cost. Compute contribution margin for the company.
A. $279,840
B. $119,130
C. $66,990
D. $152,790
E. $60,060
117.Geneva Co. reports the following information for July:
A. $525,000
B. $425,000
C. $650,000
D. $750,000
118.Alexis Co. reported the following information for May:
A. $1,000,000
B. $1,400,000
C. $3,600,000
D. $2,600,000
119.Alexis Co. reported the following information for May:
Part A
Units sold5,000units
Selling price per unit$800
Variable manufacturing cost per unit520
Sales commission per unit - Part A80
What is the contribution margin ratio for Part A?
A. 25%
B. 65%
C. 35%
D. 75%