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Key Figures - HMS 4E

CHAPTER 2

2.33 Cost of goods sold, $1,239,000

Operating profit, $221,000

2.38 Cost of goods sold, $3,060,000

Operating profit, $340,000

2.39 a. Cost of raw material purchased, $1,770,000

c. Cost of goods manufactured, $6,004,000

2.40 Cost of goods sold, $283,200

Operating profit, $18,300

2.41 Cost of goods sold, $62,550

Operating profit, $10,250

2.42 Total costs for 1,400 units, $431,040

2.44 b. Contribution margin, $926,000

2.45 a. Standard cost per unit under absorptioncosting, $12

c. Cost of goods sold under absorption costing,$1,500,000

d. Difference in reported income, $50,000

2.46 b. Unit cost under variable costing, $4.80

e. Unit cost under absorption costing, $7.20

2.47 3 (b) Difference in reported income, $330,000

2.48 Operating income in month 1, $4,000

2.49 Operating income in month 2, $6,400

2.50 Operating income in month 1, $4,000

2.51 a. Operating profit, $504,800

b. Operating profit, $462,800

2.52 b. Total inventoriable costs, $520,000

2.53 a. Ending inventory, $7,200

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c. Ending inventory, $4,000

2.55 b. Ending finished-goods inventory, $173,400

d. Ending material inventory, $59,200

f. Cost of goods sold, $1,485,300

2.56 a. Difference in operating profit (status quoversus rent equipment), $850,000

b. Difference in operating profit (status quoversus rent equipment), $116,500

2.57 a. Cost of goods manufactured, $610,000

b. Cost of goods sold, $580,000

2.58 20x2 forecast for direct material, $3,480,000

2.62 Cost of goods sold, $490,8502.63 a. Beginning material inventory, $2,800

g. Manufacturing overhead, $117,300

2.64 b. Unit variable cost, $85

g. Unit contribution margin, $90

2.65 b. Conversion cost, $34,000

e. Cost of goods sold, $53,500

2.66 Cost per case: option 4, $46

2.67 a. Year 1 operating profit, $170,000

b. Year 2 operating profit, $95,000

2.68 a. Contribution margin, $208,480

2.69 a. Operating profit: variable costing, $183,000

b. Absorption cost per unit, $4.10

2.70 a. Value of ending inventory, $1,200,000

c. Budgeted fixed manufacturing overhead per

unit, $5

2.72 Operating income in year 2: variable costing,$2,950,000

Operating income in year 2: absorption costing,$3,185,000

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2.73 a. Total absorption cost per unit, $7.20

c. Operating income: variable costing, $368,000

e. Ending inventory: absorption costing, $144,000

2.74 a. Total cost, $644,800

b. Year-end inventory: absorption costing,$18,000

Year-end inventory: variable costing, $9,200

Year-end inventory: throughput costing,$4,800

d. Net income: throughput costing, $128,000

2.75 a. Total store cost of goods sold, $11,345,076

Total store average inventory, $2,685,8752.76 Operating loss each year under variable costing,

$(18,000,000)

2.77 a. Cost per dress: absorption costing, $30

b. Operating profit, $11,400

c. Cost of goods sold, $12,000