Which of the following formulas is used to calculate the contribution margin ratio?

The cost of December merchandise purchases would be:

Problem 3 (10 points)Penury Company offers two products. At present, the following represents the usual results of a month’s operations: Required:Part 1: Find the break-even point in dollars. (2 points)Part 2: Find the margin of safety in dollars. (2 points)Part 3: The company is considering decreasing product K’s unit sales to 80,000 and increasing product L’s unit sales to 180,000, leaving unchanged the selling price per unit, variable expense per unit, and total fixed expenses. Would you advise adopting this plan? (2 points)Part 4: Refer to Part 3 above. Under the new plan, find the break-even point in dollars.   (2 points)Part 5: Under the new plan in Part 3 above, find the margin of safety in dollars. (2 points)

The cash balance at the end of December would be:

Loll Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: According to the company’s records, the conversion cost in beginning work in process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

A process costing system:

In a job-order costing system, indirect materials that have been previously purchased and that are used in production are recorded as a debit to:

For a lamp manufacturing company using a traditional absorption cost system, the cost of the insurance on its vehicles that deliver lamps to customers is best described as a:

December cash disbursements for merchandise purchases would be:

Multiple Choice (27 questions @ 2 points each = 54 points)Please mark the answer corresponding to the BEST answer.   Manufacturing overhead consists of: