Show transcribed image text Each question is worth 5 points 19一Under whatsituation will variablece stingresultinah th ernetine nethanabs pioneostne 20 Under what situation will both variable and absorption costing result in in the same net income? 1A company produced 40,000 units in its first year of operations, of which 5,000 remained In Ieventory at year cost per unit was $10, labor cost $15 and varilable overhead was $18. The fised overhesd cont was $4.50 per uvit end. The materials Using absorption costing the cost of the units sold would beS 22 Based on #21 above, under variable costine, the cost of ending Inventory would be $ PROBLEM 6: BUDGETING Each question is worth 5 polints 23 Which is the last operating budget to be prepared once all of the others are completed? 24 A company budgeted $1s0,000 of variable costs and $30,000in fixed costs to produce 10,000 units. in July 2017, It actually produced 10,800 units Based on the concept of flexible budgeting and assuming the actual costs incurred were $194,600, compute the amount of the cost varlance? s the cost varlance favorable or unfavorable? 25A company has budgeted 10,000 units of sales in January, 9,000 units in February and 11,500 units in March. Its policy is to produce enough units to meet the current month's sales demand and maintain an ending inventory equal to 12% of the next month's sales. Based on this, how many uits should it produce nFeb an Each question is worth 5 points PROBLEM 7: COST VOLUME PROFIT ANALYSIS and Variable MFO costs total $21 per unit company sells Product X for $30 per unit. The Direct Material Cost, Direct Labor Cost Fixed costs to produce the product is $180,000. 26 How many units of product X must the company sell in order to break eveni? 27 What is the contribution margin ratio for product X? 28 How many units of product X must be sold in order for the company to earn a 0,000 profite 29 if the company was selling 25,000 units what would be its margin of safety in dollars? 30 If the selling and administrative expenses are $45,000 what would be the degree of operating leverage?