A company that produces and sells a single product  has provided information to prepare a contribution format income statement for March.  Sales (6,600 units) $ 455,400 Variable expenses    323,400 Fixed expenses    103,500 If a company sells 6,500 units, its net operating income should be closest to:Note: Do not round intermediate calculations. 

A company is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $310,000 and 20,000 machine-hours for the period. The company incurred actual total fixed manufacturing overhead of $338,000 and 18,300 total machine-hours during the period. The predetermined overhead rate per machine hour is closest to:

Supply costs at a company’s chain of gyms are listed below:   Client-Visits Supply Cost March 11,649 $ 26,575 April 11,445 $ 26,438 May 11,977 $ 26,795 June 12,200 $ 26,944 July 11,709 $ 26,615 August 11,195 $ 26,271 September 11,989 $ 26,803 October 11,680 $ 26,596 November 11,828 $ 26,695 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: Note: Round your intermediate calculations to 2 decimal places.

A company has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:   Casting Customizing Machine-hours 26,000 24,000 Direct labor-hours 15,000 10,000 Total fixed manufacturing overhead cost $ 140,400 $ 41,000 Variable manufacturing overhead per machine-hour $ 1.80   Variable manufacturing overhead per direct labor-hour   $ 4.60 The estimated total manufacturing overhead for the Customizing Department is closest to:

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,300 Total fixed manufacturing overhead cost $575,700 Variable manufacturing overhead per machine-hour $ 4 Recently, Job J97 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $1,460 The amount of overhead applied to Job J97 is closest to: Note: Round your intermediate calculations to 2 decimal places.

A company is a single product firm. They are predicting that a price increase next year will not cause unit sales to decrease. What effect would this price increase have on the following items for next year?   Contribution Margin Ratio      Break-even Point A) Decrease Decrease B) Increase Decrease C) Increase No effect D) Decrease No effect

Overhead costs paid during the year are assigned to jobs in a job costing system.

If the dollar amount of contribution margin is divided by the contribution margin percent, the result will be the amount of sales in dollars needed to break even.

Monet’s late “series” paintings (such as Wheatstacks) were notable because he:

Which statement best reflects Vendryes’ view of Duncanson?