Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 9, Problem 16

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 55561 Studied ISBN: 9781439044612 Accounting 5 (1)

Chapter 9, Problem Exercise 16 : Exercise 9-9   ...

Exercise 9-9












Insert your answers into the gray-shaded cells of columns E and G. If an



answer is incorrect, the word "wrong" will appear.













Direct materials




$     1,50,000



Direct labor







Manufacturing overhead







Total variable production cost







Divided by units produced







Variable production cost per cap




$              -   



















Contribution margin per unit:











$     4,80,000



Less variable costs:








Cost of goods sold


$ 1,94,400






Selling and administration







Contribution margin







Divided by units sold







Contribution margin per unit























High Flight Toys


Income Statement


For Year Ended December 31, 2010






$     4,80,000



Less variable costs:








Cost of goods sold


$ 1,94,400






Selling and administration







Contribution margin







Less fixed expenses:








Manufacturing overhead


$ 1,12,500






Selling and administration







Net income (loss)















Step-By-Step Solution

Chapter 9, Problem Exercise 16

View Solution
View Sample Solution
Unlimited Access Free
Signup & Access More than 10 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
All Chapters Solved


Is this a textbook?

We do not endorse or sell any Textbooks in this service. This is only a solution guide for the textbook shown. So, you will find all the answers to questions in the textbook, indexed for your ease of use. ExploreNow!

I am unable to find the book I need.

You can request for your textbook to be answered. While you may get the book resolved within 15-20 days’ subject to expert availability and can access it at no cost if you are premium member, We encourage you to use our Study Help service for the specific question or even a full chapter you currently, need within a 24-48-hour window.

My book is similar but not the same!

This may be due to different versions or editions of the same book. You can check the table of contents and match the questions in each chapter (As you can see, the questions are free to view for the entire book). You can subscribe if you decide the step-by-step solutions will be useful albeit the differences.

Not all questions are answered!

We try not to post guidebooks that are under progress. However, some guides are so high in demand that we have to post them as we work on them. If you find the notification stating, "An expert is currently solving this for you" in the answer section, you can contact customer support to know the status or even get an instant answer if you are a premium member.

The ISBN's are not matching!

Check if there are other ISBN's mentioned on the book cover page. If it still does not match, check the samples available to ensure you are on the right guide. 

Can I see some samples?

Every chapter in the book has the first three solutions displayed in full for free. Browse the chapters and questions to view the same. 

Is it possible to see a specific answer before I subscribe?

Contact customer support via Live Chat to request the same. They will assist you with the full answer if it is a simple question or a partial answer to assure you of the availability if it is a large solution.