Chapter 06 Variable Costing and Segment Reporting: Tools for Management

40. Olds Inc., which produces a single product, has provided the following data for its most recent month of operations:



There were no beginning or ending inventories. The absorption costing unit product cost was:
A. $97
B. $130
C. $99
D. $207

41. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the absorption costing unit product cost for the month?
A. $102
B. $130
C. $97
D. $125

42. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the variable costing unit product cost for the month?
A. $103
B. $99
C. $94
D. $90

43. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the total period cost for the month under variable costing?
A. $185,000
B. $117,600
C. $273,200
D. $302,600

44. Swiatek Corporation produces a single product and has the following cost structure:



The variable costing unit product cost is:
A. $161
B. $225
C. $153
D. $158

45. Cockriel Inc., which produces a single product, has provided the following data for its most recent month of operations:



There were no beginning or ending inventories. The variable costing unit product cost was:
A. $42
B. $43
C. $37
D. $48

46. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the total period cost for the month under absorption costing?
A. $58,300
B. $37,100
C. $259,900
D. $201,600

47. Roy Corporation produces a single product. During July, Roy produced 10,000 units. Costs incurred during the month were as follows:



Under absorption costing, any unsold units would be carried in the inventory account at a unit product cost of:
A. $5.10
B. $4.40
C. $3.80
D. $3.50

48. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the net operating income for the month under variable costing?
A. $21,600
B. $(15,200)
C. $8,000
D. $13,600

49. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:



What is the net operating income for the month under absorption costing?
A. $5,300
B. $3,000
C. $(12,700)
D. $8,300