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George Corporation has an estimated monthly sales of 12,000 units for $80 per unit. Variable costs
include manufacturing costs of $50 and distribution costs of $20. Fixed costs are $60,000 per month.
Required: Determine each of the following values. a. Unit contribution margin b. Monthly break-even unit
sales volume Create a contribution margin-based income statement. (Points : 30)
Question 1.1. (TCO 1)George Corporation has an estimated monthly sales of 12,000 units for $80 per
unit. Variable costs include manufacturing costs of $50 and distribution costs of $20. Fixed costs are
$60,000 per monthRequired: Determine each of the following values. a. Unit contribution margin b.
Monthly break-even unit sales volume Create a contribution margin-based income statement. (Points :
30)
Question 2.2. (TCO 7)Darling Manufacturing Inc. manufactures two products, A and B, from a joint
process. A single production costs $5,000 and results in 200 units of A and 800 units of B. To be ready
for sale, both products must be processed further, incurring seperable costs of $3 per unit for A and $4
per unit for B. The market price for Product A is $15 and for Product B is $10..Required: Allocate joint
production costs to each product using the net realizable value method. (Points : 30)
Question 3.3. (TCO 6)Santa Inc. manufactures toys based on the following information.Required:
Compute the following variances (show calculations). a. Materials usage variance b. Labor rate variance c. Fixed overhead budget variance (Points : 30)
Question 4.4. (TCO 4)Toshi Company incurred the following costs in manufacturing deskDuring the
period, the company produced and sold 1,000 units. a. What is the inventory cost per unit using
absorption costing? b. What is the inventory cost per unit using variable costing? (Points : 30)
Question 5.5. (TCO 8)Musical Instruments Company manufactures two products (trumpets and
trombones). Overhead costs ($175,000) have been divided into three cost pools that use the following
activity drivers.Required (show all calculations) a. What is the allocation rate for trumpets per setup
using activity-based costing? b. What is the allocation rate for trumpets per machine hours using activitybased costing? c. What is the allocation rate for trumpets per packing order using activity-based costing?
(Points : 30)
Question 6.6. (TCO 5)The Baxter Corporation has the following budgeted and actual resultsRequired:
Prepare a performance report for all costs, showing flexible budget variances (indicate F or U).
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