1. Zippy company manufactured 10,000 units in December with a total product cost of $27780 They...
1. Zippy company manufactured 10,000 units in December with a total product cost of $27780 They had zero finished goods inventory at the start of December.
In December Zippy sold 7857 units at a unit price of $6.91.
Period expenses were $3348.
What is the amount of Zippy's gross profit (otherwise know as gross margin).?
2. Andee Company spends $3.38 in variable costs for each product produced. Fixed manufacturing overhead costs are $114006 a year. This year, they produced 10,000 units. What is the average TOTAL cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas. (HINT: TOTAL cost is made up of fixed costs and variable costs)
Homework Answers
Add Answer to:
1. Zippy company manufactured 10,000 units in December
with a total product cost of $27780 They...
Zippy company manufactured 10,000 units in December with a total product cost of $29,284 They had...
Zippy company manufactured 10,000 units in December with a total product cost of $29,284 They had zero finished goods inventory at the start of December. In December Zippy sold 7,781 units at a unit price of $6.66. Period expenses were $3,731. What is the amount of Zippy's operating income? Round any intermediate calculations to four decimal places.
Zippy company manufactured 10,000 units in December with a total product cost of $27,848 They had...
Zippy company manufactured 10,000 units in December with a total product cost of $27,848 They had zero finished goods inventory at the start of December In December Zippy sold 7.243 units at a unit price of $6.56. Period expenses were $3,886. What is the amount of Zippy's operating income? Round any intermediate calculations to four decimal places.
PULet you will find up at the top of the "tools" section on the Chapter 2...
PULet you will find up at the top of the "tools" section on the Chapter 2 module zo right before this brain booster that walks you through Example #2-14! question 1 2 pts Lippy company manufactured 10,000 units in December with a total product cost of $22,902 They had zero finished goods inventory at the start of December. In December Zippy sold 7,476 units at a unit price of $6.88. Period expenses were $3,644. What is the amount of Zippy's...
Lemon Company spends $5.48 in variable costs for each product produced. Fixed manufacturing overhead costs are...
Lemon Company spends $5.48 in variable costs for each product produced. Fixed manufacturing overhead costs are $100,744 a year. This year, they produced 10,000 units. What is the average cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas.
Andee Company spends $3.55 in variable costs for each product produced. Fixed manufacturing overhead costs are...
Andee Company spends $3.55 in variable costs for each product produced. Fixed manufacturing overhead costs are $112,123 a year. This year, they produced 10,000 units. What is the average TOTAL cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas. (HINT: TOTAL cost is made up of fixed costs and variable costs) When you are done with this Brain Booster, click on "modules" on the left hand navigation menu to...
Andee Company spends $5.94 in variable costs for each product produced. Fixed manufacturing overhead costs are...
Andee Company spends $5.94 in variable costs for each product produced. Fixed manufacturing overhead costs are $116,579 a year. This year, they produced 10,000 units. What is the average TOTAL cost per unit produced?
Silver Company is a food manufacturer and produced 15,000 units of its product this year. Total...
Silver Company is a food manufacturer and produced 15,000 units of its product this year. Total fixed costs were $45,000 ($3.00/unit) and total variable costs were $60,000 ($4.00/unit). If Silver were to produce 20,000 units, it would need to rent an additional building to have room for the additional capacity. The rent on the additional building would be $10,000 per year. At a production level of 20,000 units, what would be the total costs (fixed and variable) incurred by Silver...
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost...
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 14,000 units of production. Average Cost per Unit Direct Materials Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions Using the cost data from Rose Company, answer the following questions: A. If 10,000 units are produced, what is the variable cost per unit? Variable cost per unit $...
Under absorption costing, a company had the following per unit costs when 10,000 units were produced....
Under absorption costing, a company had the following per unit costs when 10,000 units were produced. Direct labor Direct materials Variable overhead Total variable cost Fixed overhead ($66,000/10,000 units) Total product cost per unit $ 2.80 3.80 4.80 11.40 6.60 $18.00 The company sells its product for $61.20 per unit. Due to new regulations, the company must now incur $2.80 per unit of hazardous waste disposal costs and $6,380 per year of fixed hazardous waste disposal costs. Compute the contribution...
On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 6,000 units...
On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 6,000 units and sold 5,200 units. The following income statement was prepared, based on the variable costing concept: Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 20Y1 Sales $2,028,000 Variable cost of goods sold: Variable cost of goods manufactured $1,122,000 EInventory, December 31 (149,600) Total variable cost of goods sold 972,400 Manufacturing margin $1,055,600 Total variable selling and administrative expenses 244,400 Contribution...
Zippy company manufactured 10,000 units in December with a total product cost of $29,284 They had zero finished goods inventory at the start of December. In December Zippy sold 7,781 units at a unit price of $6.66. Period expenses were $3,731. What is the amount of Zippy's operating income? Round any intermediate calculations to four decimal places.
Zippy company manufactured 10,000 units in December with a total product cost of $27,848 They had zero finished goods inventory at the start of December In December Zippy sold 7.243 units at a unit price of $6.56. Period expenses were $3,886. What is the amount of Zippy's operating income? Round any intermediate calculations to four decimal places.
PULet you will find up at the top of the "tools" section on the Chapter 2 module zo right before this brain booster that walks you through Example #2-14! question 1 2 pts Lippy company manufactured 10,000 units in December with a total product cost of $22,902 They had zero finished goods inventory at the start of December. In December Zippy sold 7,476 units at a unit price of $6.88. Period expenses were $3,644. What is the amount of Zippy's...
Lemon Company spends $5.48 in variable costs for each product produced. Fixed manufacturing overhead costs are $100,744 a year. This year, they produced 10,000 units. What is the average cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas.
Andee Company spends $3.55 in variable costs for each product produced. Fixed manufacturing overhead costs are $112,123 a year. This year, they produced 10,000 units. What is the average TOTAL cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas. (HINT: TOTAL cost is made up of fixed costs and variable costs) When you are done with this Brain Booster, click on "modules" on the left hand navigation menu to...
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 14,000 units of production. Average Cost per Unit Direct Materials Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions Using the cost data from Rose Company, answer the following questions: A. If 10,000 units are produced, what is the variable cost per unit? Variable cost per unit $...
Under absorption costing, a company had the following per unit costs when 10,000 units were produced. Direct labor Direct materials Variable overhead Total variable cost Fixed overhead ($66,000/10,000 units) Total product cost per unit $ 2.80 3.80 4.80 11.40 6.60 $18.00 The company sells its product for $61.20 per unit. Due to new regulations, the company must now incur $2.80 per unit of hazardous waste disposal costs and $6,380 per year of fixed hazardous waste disposal costs. Compute the contribution...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 14 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 45 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago