Homework Answers
Please note that variable cost remain same on per unit basis whereas changes in totality if production varies . However, fixed cost remain same in totality but changes on per unit basis if production varies .
Therefore, correct answer is option (d) . Fixed manufacturing overhead would be most likely to change significantly as the production level varies .
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Seved Help Which of the following production costs, if expressed on a per urn it basis,...
t quiz Help Save&Exit Sub 8 TB MC Ou. 1-102 which of the following … Which...
t quiz Help Save&Exit Sub 8 TB MC Ou. 1-102 which of the following … Which of the following production costs, If expressed on a per unit basis, would be most Skely to change significantly as the production level Direct materis 0
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
Anwser all multiple choice Multiple Choice (3 points each) 0 costs include all of the following event A wages of...
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $433,200; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $457,200 in materials costs, $451,600 in overhead costs and $232,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year. Multiple Choice $10,800 overapplied. $18,400 overapplied. $10,800 underapplied. $18,400 underapplied. $5,600 underapplied.
Help Save Required information [The following information applies to the questions displayed below.] Martinez Company's relevant...
Help Save Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $5.30 $2.80 $1.40 $4.00 $2.30 $2.20 $1.20 $0.45 Direct labor variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Variable administrative expense 11. If 8,000 units are produced, wha t is the total...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $355,200; materials of 412,000 and direct labor of $222,000. During the year Adams incurred $420,000 in materials costs, $413,400 in overhead costs and $226,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice 0 $355,200. 0 $413,400. 0 $361,600. 0 $413,390. 0 $424,650.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year. Adams estimated total overhead of $358.700; materials of 401,000 and direct labor of $211.000. During the year Adams Incurred $409,000 in materials costs, $412,300 in overhead costs and $215,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice o 3423,550. o $412300. o 342 290. o 3365,500. o $353,700.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $404,700; materials of $403,000 and direct labor of $213,000. During the year Adams incurred $428,100 in materials costs, $424,000 in overhead costs and $217,000 in direct labor costs. Compute the amount of under-or overapplied overhead for the year. Multiple Choice 0 $11,700 overapplied. 0 $19,300 overapplied. 0 $11,700 underapplied. 0 $19,300 underapplied. 0 $4,100 underapplied.
8) If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced?...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Lagle Corporation has provided the following information: Cost per Cost per Period Unit $4.85 Direct materials...
Lagle Corporation has provided the following information: Cost per Cost per Period Unit $4.85 Direct materials $3.35 Direct labor Variable manufacturing overhead Fixed manufacturing overhead $1.35 $8,000 Sales commissions $1.50 Variable administrative expense $0.45 Fixed selling and administrative expense $4,400 For financial reporting purposes, the total amount of period costs incurred to sell 4,0000 units is closest to: Multiple Cholce $12,200 $8,100 $4,400 $7,800
t quiz Help Save&Exit Sub 8 TB MC Ou. 1-102 which of the following … Which of the following production costs, If expressed on a per unit basis, would be most Skely to change significantly as the production level Direct materis 0
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
Help Save Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $5.30 $2.80 $1.40 $4.00 $2.30 $2.20 $1.20 $0.45 Direct labor variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Variable administrative expense 11. If 8,000 units are produced, wha t is the total...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $355,200; materials of 412,000 and direct labor of $222,000. During the year Adams incurred $420,000 in materials costs, $413,400 in overhead costs and $226,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice 0 $355,200. 0 $413,400. 0 $361,600. 0 $413,390. 0 $424,650.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year. Adams estimated total overhead of $358.700; materials of 401,000 and direct labor of $211.000. During the year Adams Incurred $409,000 in materials costs, $412,300 in overhead costs and $215,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice o 3423,550. o $412300. o 342 290. o 3365,500. o $353,700.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $404,700; materials of $403,000 and direct labor of $213,000. During the year Adams incurred $428,100 in materials costs, $424,000 in overhead costs and $217,000 in direct labor costs. Compute the amount of under-or overapplied overhead for the year. Multiple Choice 0 $11,700 overapplied. 0 $19,300 overapplied. 0 $11,700 underapplied. 0 $19,300 underapplied. 0 $4,100 underapplied.
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Lagle Corporation has provided the following information: Cost per Cost per Period Unit $4.85 Direct materials $3.35 Direct labor Variable manufacturing overhead Fixed manufacturing overhead $1.35 $8,000 Sales commissions $1.50 Variable administrative expense $0.45 Fixed selling and administrative expense $4,400 For financial reporting purposes, the total amount of period costs incurred to sell 4,0000 units is closest to: Multiple Cholce $12,200 $8,100 $4,400 $7,800
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