For the month of June Clara Gum Company had cost per equivalent unit of $0.60 for materials (sugar artificial flavors etc.) and $.80 for conversion
costs (labor and overhead). At Clara Gum units are measured in packs. The company began the month with 5000 packs of gum. By the end of the month the
company had completed 55000 packs and 9000 packs were in process. The in-process units were 100 percent complete with respect to material and 60 percent
complete with respect to labor and overhead. How much is the cost of items completed and transferred to finished goods inventory?
Three costs incurred by Hanson Company are summarized below at two different activity levels 500 and 800 units:
500 Units 800 Units $12000 $16000 $24000 $42000 $17500 $28000
Which of these costs are variable? A. $86720
B. $38400
C. $9720
D. $77000 Slider Slicker experienced the following costs in 2011 (assume the same unit costs in all years): $8.75 / unit $5.50 / unit $4.85 / unit $87250 $1.05 / unit $8000 $2000
There were 6000 units in beginning inventory. During the year the company manufactured 60000 units and sold 63500 units. If net income using variable
costing was $109750 how much is net income using full costing A. $103375
B. $113375
C. $105375
D. $111375 Three costs incurred by Hanson Company are summarized below at two different activity levels 500 and 800 units: 500 Units 800 Units $12000 $16000 $24000 $42000 $17500 $28000
Which of these costs are variable? Answer A B and C A and C A only C only