Business, 04.03.2021 19:50 whocaresfasdlaf9341

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $90
Units in beginning inventory 0
Units produced 3,400
Units sold 3,000
Units in ending inventory 400
Variable costs per unit:
Direct materials $21
Direct labor $38
Variable manufacturing overhead $6
Variable selling and administrative
expense $4
Fixed costs:
Fixed manufacturing overhead $54,400
Fixed selling and administrative
expense $3,000
1. What is the unit product cost for the month under variable costing?
a. $69 per unit.
b. $65 per unit.
c. $85 per unit.
d. $81 per unit.
2. What is the unit product cost for the month under absorption costing?
a. $81 per unit.
b. $65 per unit.
c. $85 per unit.
d. $69 per unit.
3. The total contribution margin for the month under variable costing is:.
a. $27,000.
b. $63,000.
c. $8,600.
d. $75,000.
4. The total gross margin for the month under the absorption costing approach is:.
a. $12,000.
b. $59,400.
c. $63,000.
d. $27,000.
5. What is the net operating income for the month under variable costing?
a. $12,000.
b. $(20,400).
c. $5,600.
d. $6,400.
6. What is the net operating income for the month under absorption costing?
a. $6,400.
b. $12,000.
c. $5,600.
d. $(20,400).

Answers: 3

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