methods.
Brief Exercise 19-16
The Rock Company produces basketballs. It incurred the
following costs during the year.
What are the total product costs for the company under variable
costing?
Exercise 19-7
PDQ Repairs has 200 auto-maintenance service outlets
nationwide. It performs primarily two lines of service: oil changes
and brake repair. Oil change–related services represent 70% of
its sales and provide a contribution margin ratio of 20%. Brake
repair represents 30% of its sales and provides a 40%
contribution margin ratio. The company’s fixed costs are
$15,620,000 (that is, $78,100 per service outlet).
Exercise 19-17 (Part Level Submission)
Siren Company builds custom fishing lures for sporting goods
stores. In its first year of operations, 2017, the company incurred
the following costs.
Siren Company sells the fishing lures for $25.25. During 2017, the
company sold 79,000 lures and produced 88,000 lures.
Brief Exercise 22-1