Homework Answers
Solution A:
Average cost per unit = $59.750 / 734 = $81.40 per unit
Solution B:
Let per unit cost for first 519 units = X
Unit cost for units greater than 519 units = 0.5X
519X + (215*0.5X) = $59.750
626.50 X = $59,750
X = $95.37 per unit
Therefore cost per unit below price break point = $95.37 per unit
Solution C:
Margin cost for 683th unit = $95.37*0.50 = $47.69 per unit
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Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nea...
Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent units of production.) WaterBound Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Materials Units In Costs UNITS Units to account for Total units to account for Units accounted for n'a na n/a Tolal unils apcounted for Transferred Direct Conversion Tota...
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The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological
testing services:
Sales price per unit (1 unit = 1 test plus feedback to
client)
$
330
Fixed costs (per month):
Selling and administration
22,000
Production overhead (e.g., rent of testing facilities)
22,500
Variable costs (per test):
Labor for oversight and feedback
145
Outsourced test analysis
17
Materials used in testing
7
Production overhead
11
Selling and administration (e.g., scheduling and billing)
17
Number of tests per month
2,000
tests
Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 340 Fixed costs (per month): Selling and administration 18,000 Production overhead (e.g., rent of testing facilities) 15,000 Variable costs (per test): Labor for oversight and feedback 160 Outsourced test analysis 21 Materials used in testing 3 Production overhead 9 Selling and administration (e.g., scheduling and billing) 18 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing 340 18,000 17,500 130 18 Production overhead 14 Selling and administration (e.g., scheduling and billing) Number of tests per month 14 2,000 tests Required: Calculate the...
The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 330 Fixed costs (per month): Selling and administration 20,000 Production overhead (e.g., rent of testing facilities) 20,000 Variable costs (per test): Labor for oversight and feedback 135 Outsourced test analysis 17 Materials used in testing 4 Production overhead 14 Selling and administration (e.g., scheduling and billing) 17 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological
testing services:
Sales price per unit (1 unit = 1 test plus feedback to
client)
$
340
Fixed costs (per month):
Selling and administration
18,000
Production overhead (e.g., rent of testing facilities)
20,000
Variable costs (per test):
Labor for oversight and feedback
165
Outsourced test analysis
24
Materials used in testing
4
Production overhead
15
Selling and administration (e.g., scheduling and billing)
17
Number of tests per month
2,000
tests
Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month 340 16,000 20,000 145 25 17 2,000 tests Required: Calculate the amount...
A business is currently producing a = 400 units of its product per month. Assume the...
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Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent units of production.) WaterBound Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Materials Units In Costs UNITS Units to account for Total units to account for Units accounted for n'a na n/a Tolal unils apcounted for Transferred Direct Conversion Tota...
The following data apply to the provision of psychological
testing services:
Sales price per unit (1 unit = 1 test plus feedback to
client)
$
330
Fixed costs (per month):
Selling and administration
22,000
Production overhead (e.g., rent of testing facilities)
22,500
Variable costs (per test):
Labor for oversight and feedback
145
Outsourced test analysis
17
Materials used in testing
7
Production overhead
11
Selling and administration (e.g., scheduling and billing)
17
Number of tests per month
2,000
tests
Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing 340 18,000 17,500 130 18 Production overhead 14 Selling and administration (e.g., scheduling and billing) Number of tests per month 14 2,000 tests Required: Calculate the...
The following data apply to the provision of psychological
testing services:
Sales price per unit (1 unit = 1 test plus feedback to
client)
$
340
Fixed costs (per month):
Selling and administration
18,000
Production overhead (e.g., rent of testing facilities)
20,000
Variable costs (per test):
Labor for oversight and feedback
165
Outsourced test analysis
24
Materials used in testing
4
Production overhead
15
Selling and administration (e.g., scheduling and billing)
17
Number of tests per month
2,000
tests
Required:...
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A business is currently producing a = 400 units of its product per month. Assume the following is true: Its costs are C(400) = 8500, and the marginal cost is MC(400) = 10. . Its revenues are R(400) = 8800, and the marginal revenue is MR(400) = 22. (a) (6 points) Which of the following statements is true when production is at q = 400 units? (List the letters of all that apply - you do not need to explain...
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