Homework Answers
|
Direct materials - Variable It is variable because the cost per unit is fixed and the total cost is directly proportional to output. Utilities expense - Mixed cost Cost per unit is fixed and total cost is not fixed. Therefore it is mixed in nature. Rent expense - Fixed cost Total Cost doesn't change even when the output changed |
||
Add Answer to:
Based on this information it has been determined that
Utilities Expense is a mixed cost and...
Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of...
Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Total Cost/Unit Direct materials $ 5,000 $ 5.00 $ 25,000 $ 5.00 Utilities expense $ 1,000 $ 1.00 $ 3,750 $ 0.75 Rent expense $ 4,000 $ 4.00 $ 4,000 $ 0.80 Based on this information it has been determined that Utilities Expense is a mixed cost and rent expense is a fixed cost while direct materials is variable cost. Explain...
Question 47 (2.73 points) Select cost information for Seacrest Enterprises is as follows: 1,000 units of...
Question 47 (2.73 points) Select cost information for Seacrest Enterprises is as follows: 1,000 units of output Total Cost/Unit Direct materials $5,000 $ 5.00 Utilities expense $1,000 $ 1.00 Rent expense $4,000 $4.00 Based on this information: 5,000 units of output Total Cost/Unit $25,000 $5.00 $3.750 $ 0.75 $4,000 $ 0.80 O A ) Both direct materials and utilities expense are mixed costs. B) Utilities expense is a mixed cost and rent expense is a variable cost. C) Direct materials...
Select cost information for Klondike Corporation is as follows: Direct materials Rent expense 1,000 units of...
Select cost information for Klondike Corporation is as follows: Direct materials Rent expense 1,000 units of output Total Cost/Unit $4,000 $4.00 $2,000 $2.00 2,000 units of output Total Cost/Unit $8,000 $4.00 $2,000 $1.00 Based on this information: Multiple Choice ) Both direct materials and rent expense are variable costs Prox 1 of 20 Next > J e talk stuttering - SA Saved Both direct materials and rent expense are variable costs. Direct materials is a fixed cost and rent expense...
Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and...
Shingle Enterprises is considering manufacturing a new product.
It projects the cost of direct materials and rent for a range of
output as shown below.
Exercise 18-2 Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output Rent Direct in Units Expense Materials 1,000 S 6,940 S 5,552 2,000 6,910 9,991 3,000 11,104 6,000 4,000 11,104 8,000 5,000 11,104 10,000 6,000 11,104 12,000 7,000...
Kozy Enterprises is considering manufacturing a new product. It projects the cost of direct materials and...
Kozy Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below: Output in Units 1,000 2,000 3,000 4,000 5.000 6,000 7,000 8,000 9.000 10,000 11,000 12,000 Rent Expense $5,000 5.000 5,000 7,000 7,000 7,000 7,000 7,000 7,000 10,000 10,000 10,000 Direct Materials $ 4,000 6,000 7,800 8,000 10,000 12,000 14,000 16,000 18,000 23.000 28.000 36,000 Determine the relevant range of activity for this product. Relevant range...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 Rent Expense $6,940 6,940 11,104 11,104 11,104 11,104 11,104 11,104 13,880 13,880 13,880 Direct Materials $5,552 6,000 6,000 8,000 10,000 12,000 14,000 16,000 40,668 48,580 61,072 Determine the relevant range of activity for this product. The relevant range of activity for...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 Rent Expense $6,940 6,940 11,104 11,104 11,104 11,104 11,104 11,104 13,880 13,880 13,880 Direct Materials $5,552 6,000 6,000 8,000 10,000 12,000 14,000 16,000 40,668 48,580 61,072 Determine the relevant range of activity for this product. The relevant range of activity for...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production. Costs Incurred able, faxed 10,000 5,000 Cost/ Unit Production in Units Cost/ Unit Total Total Cost Cost Production Costs $16,000 19,000 3,300 $1.60 $1.60 $8,000 9,500 2,000 4,000 800 Direct materials 1.90 1.90 Direct labor Utilities 0.40 0.33 Rent 0.80 4,000 1,400 1,000 0.40 Maintenance 0.16 0.14 Supervisory salaries 1,000 0.20 0.10 Instructions a....
Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and...
Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units Rent Expense Direct Materials 1,000 $ 5,585 $ 4,468 2,000 5,585 8,042 3,000 8,936 7,500 4,000 8,936 10,000 5,000 8,936 12,500 6,000 8,936 15,000 7,000 8,936 17,500 8,000 8,936 20,000 9,000 11,170 32,728 10,000 11,170 39,095 11,000 11,170 49,148 Determine the relevant range of activity for this product. The relevant range of...
Your answer is correct. Identify the above costs as variable, fixed, or mixed. Cost Direct materials...
Your answer is correct. Identify the above costs as variable, fixed, or mixed. Cost Direct materials Variable Direct labor Variable Utilities Mixed Fixed Property taxes Indirect labor Variable Supervisory salaries Fixed Mixed Maintenance Fixed Depreciation eTextbook and Media x Your answer is incorrect. Calculate the expected costs when production is 5,200 units. $ Cost to produce 5,200 units 65925 eTextbook and Media Bridgeport Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for...
Question 47 (2.73 points) Select cost information for Seacrest Enterprises is as follows: 1,000 units of output Total Cost/Unit Direct materials $5,000 $ 5.00 Utilities expense $1,000 $ 1.00 Rent expense $4,000 $4.00 Based on this information: 5,000 units of output Total Cost/Unit $25,000 $5.00 $3.750 $ 0.75 $4,000 $ 0.80 O A ) Both direct materials and utilities expense are mixed costs. B) Utilities expense is a mixed cost and rent expense is a variable cost. C) Direct materials...
Select cost information for Klondike Corporation is as follows: Direct materials Rent expense 1,000 units of output Total Cost/Unit $4,000 $4.00 $2,000 $2.00 2,000 units of output Total Cost/Unit $8,000 $4.00 $2,000 $1.00 Based on this information: Multiple Choice ) Both direct materials and rent expense are variable costs Prox 1 of 20 Next > J e talk stuttering - SA Saved Both direct materials and rent expense are variable costs. Direct materials is a fixed cost and rent expense...
Shingle Enterprises is considering manufacturing a new product.
It projects the cost of direct materials and rent for a range of
output as shown below.
Exercise 18-2 Shingle Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output Rent Direct in Units Expense Materials 1,000 S 6,940 S 5,552 2,000 6,910 9,991 3,000 11,104 6,000 4,000 11,104 8,000 5,000 11,104 10,000 6,000 11,104 12,000 7,000...
Kozy Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below: Output in Units 1,000 2,000 3,000 4,000 5.000 6,000 7,000 8,000 9.000 10,000 11,000 12,000 Rent Expense $5,000 5.000 5,000 7,000 7,000 7,000 7,000 7,000 7,000 10,000 10,000 10,000 Direct Materials $ 4,000 6,000 7,800 8,000 10,000 12,000 14,000 16,000 18,000 23.000 28.000 36,000 Determine the relevant range of activity for this product. Relevant range...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 Rent Expense $6,940 6,940 11,104 11,104 11,104 11,104 11,104 11,104 13,880 13,880 13,880 Direct Materials $5,552 6,000 6,000 8,000 10,000 12,000 14,000 16,000 40,668 48,580 61,072 Determine the relevant range of activity for this product. The relevant range of activity for...
Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as shown below. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 Rent Expense $6,940 6,940 11,104 11,104 11,104 11,104 11,104 11,104 13,880 13,880 13,880 Direct Materials $5,552 6,000 6,000 8,000 10,000 12,000 14,000 16,000 40,668 48,580 61,072 Determine the relevant range of activity for this product. The relevant range of activity for...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production. Costs Incurred able, faxed 10,000 5,000 Cost/ Unit Production in Units Cost/ Unit Total Total Cost Cost Production Costs $16,000 19,000 3,300 $1.60 $1.60 $8,000 9,500 2,000 4,000 800 Direct materials 1.90 1.90 Direct labor Utilities 0.40 0.33 Rent 0.80 4,000 1,400 1,000 0.40 Maintenance 0.16 0.14 Supervisory salaries 1,000 0.20 0.10 Instructions a....
Your answer is correct. Identify the above costs as variable, fixed, or mixed. Cost Direct materials Variable Direct labor Variable Utilities Mixed Fixed Property taxes Indirect labor Variable Supervisory salaries Fixed Mixed Maintenance Fixed Depreciation eTextbook and Media x Your answer is incorrect. Calculate the expected costs when production is 5,200 units. $ Cost to produce 5,200 units 65925 eTextbook and Media Bridgeport Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for...
Most questions answered within 3 hours.
-
what is employee/ employer relations ?
why is Employee/ Employer relation is important in the context...
asked 43 seconds ago -
Explain the relationship between tests of acquisition and
payment cycle and tests of accounts payable. Give...
asked 36 seconds from now -
A hot-air balloon is descending with a velocity of (−2.00m/s)y^.
A champagne bottle is opened to...
asked 17 minutes ago -
1. When a nearsighted person looks at an object that is in the
distance with their...
asked 1 hour ago -
QUESTION 8
Both of these statements will store the same value in the
variable $number
$number...
asked 2 hours ago -
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 2 hours ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 2 hours ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 3 hours ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 4 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 5 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 6 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 7 hours ago