Question 8.8.( TCO C) The contribution margin equals( Points: 6) sales- expenses. sales- variable costs. sales- cost of goods sold. sales- fixed costs. Question 9.9.( TCO C) Which of the following would not affect the break-even point?( Points: 6) Variable expense per unit Number of units sold Total fixed expenses Selling price per unit
Question 10.10.( TCO D) Under variable costing,( Points: 6) inventory costs will be lower than under absorption costing. inventory costs will be higher than under absorption costing. net operating income will always be lower than under absorption costing. net operating income will always be higher than under absorption costing. 1.( TCO A) The following data( in thousands of dollars) have been taken from the accounting records of Larop Corporation for the justcompleted year. Sales $ 950 Purchases of raw materials $ 225 Direct labor $ 250 Manufacturing overhead $ 295 Administrative expenses $ 150 Selling expenses $ 140 Raw materials inventory, beginning $ 30 Raw materials inventory, ending $ 45 Work-in-process inventory, beginning $ 20 Work-in-process inventory, ending $ 55 Finished goods inventory, beginning $ 100 Finished goods inventory, ending $ 135 Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.( Points: 15) Schedule of cost of goods manufactured Direct materials: