Homeyard Corporation has provided the following data for its two most recent years of operation:       Selling price per unit $ 71 Manufacturing costs:     Variable manufacturing cost per unit produced:     Direct materials $ 12 Direct labor $ 6 Variable manufacturing overhead $ 3 Fixed manufacturing overhead per year $ 264,000 Selling and administrative expenses:     Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 74,000     Year 1 Year 2 Units in beginning inventory 0 3,000 Units produced during the year 11,000 12,000 Units sold during the year 8,000 14,000 Units in ending inventory 3,000 1,000  The net operating income (loss) under absorption costing in Year 1 is closest to:

Compute the amount of raw materials used during November if $30,000 of raw materials were purchased during the month and if the inventories were as follows: Inventories BalanceNovember 1 BalanceNovember 30 Raw materials $ 7,000   $ 4,000   Work in process $ 6,000   $ 7,500   Finished goods $ 10,000   $ 12,000    

Variable costing net operating income is usually closer to the net cash flow of a period than is absorption costing net operating income.

Mishakoe Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.     Sales (1,000 units) $ 50,000 Variable expenses   32,500 Contribution margin   17,500 Fixed expenses   12,250 Net operating income $ 5,250  The break-even point in unit sales is closest to:

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:       Selling price $ 121 Units in beginning inventory   0 Units produced   6,000 Units sold   5,600 Units in ending inventory   400 Variable costs per unit:     Direct materials $ 38 Direct labor $ 53 Variable manufacturing overhead $ 3 Variable selling and administrative expense $ 11 Fixed costs:     Fixed manufacturing overhead $ 60,000 Fixed selling and administrative expense $ 28,000  What is the total period cost for the month under variable costing?

Frontline Corporation has provided the following information:   Cost per Unit Cost per Period Direct materials $ 6.20         Direct labor $ 3.70         Variable manufacturing overhead $ 1.25         Fixed manufacturing overhead       $ 10,000   Sales commissions $ 1.50         Variable administrative expense $ 0.50         Fixed selling and administrative expense       $ 5,000    For financial reporting purposes, the total amount of product costs incurred to make 5,000 units is closest to: 

The following costs were incurred in May:     Direct materials $ 41,000   Direct labor $ 13,000   Manufacturing overhead $ 46,000   Selling expenses $ 18,000   Administrative expenses $ 15,000    Conversion costs during the month totaled:

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:       Units in beginning inventory   0 Units produced   8,900 Units sold   8,500 Units in ending inventory   400 Variable costs per unit:     Direct materials $ 26 Direct labor $ 25 Variable manufacturing overhead $ 4 Variable selling and administrative expense $ 4 Fixed costs:     Fixed manufacturing overhead $ 249,200 Fixed selling and administrative expense $ 17,000  What is the variable costing unit product cost for the month?

In a motion to provide testimony via CCTV, the court may order CCTV if:

The case of Ashcroft v. Free Speech Coalition: