Managerial Accounting:Absorption costing VS variable costing
Not what you're looking for?
Abbitt Company, which has only one product, has provided the following data concerning its most recent month of operations:
19. What is the unit product cost for the month under variable costing?
A) $80
B) $119
C) $113
D) $86
20. What is the unit product cost for the month under absorption costing?
A) $86
B) $119
C) $113
D) $80
21. The total contribution margin for the month under the variable costing approach is:
A) $66,700
B) $128,800
C) $46,300
D) $142,600
22. The total gross margin for the month under the absorption costing approach is:
A) $11,500
B) $66,700
C) $89,300
D) $128,800
23. What is the net operating income for the month under variable costing?
A) $4,900
B) $11,500
C) $6,600
D) ($11,100)
24. What is the net operating income for the month under absorption costing?
A) ($11,100)
B) $11,500
C) $6,600
D) $4,900
Purchase this Solution
Solution Summary
Solution contains calculations of contribution margin ,cost per unit and net operating income under absorption costing and variable costing.
Purchase this Solution
Free BrainMass Quizzes
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.