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Question
During a recent fiscal year, Creek Company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. Total variable costs must have been:A.$1,100,000.
B.$1,200,000.
C.$500,000.
D.$1,600,000.
E.$2,100,000.
Answer
This answer is hidden. It contains 144 characters.
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Q:
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
Q:
Given the following data, calculate product cost per unit under variable costing.
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Direct materials $3 per unit
Overhead
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Total fixed overhead $85,000
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Q:
Tim's Tools, a manufacturer of cordless drills, began operations this year. During this year, the company produced 20,000 units and sold 18,000 units. At year-end the company reported the following income statement using absorption costing:
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Q:
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Direct labor $2.50 per unit
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Q:
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E. $21,560
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Given the Cool Pools Company data, what is net income using absorption costing?
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B. $1,648,600
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E. $1,708,600
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Given the Scavenger Company data, what is net income using variable costing?
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D. $177,600
E. $276,250
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Given the Galaxy, Inc. data, what is net income using absorption costing?
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E. $16,220,000