a) Calculate following
March | April | |
Rent cost per unit | 2300/200 = 11.50 | 2300/500 = 4.60 |
Utilities cost per unit | 900/200 = 4.50 | 2250/500 = 4.50 |
b) Classification
Rent cost | Fixed |
Utilities cost | variable |
Munoz Company's cost and production data for two recent months included the following: Production (units) Rent...
15 Campbell Company's cost and production data for two recent months included the following: Production (units) Rent Utilities March 800 $1,700 $ 900 April 1,100 $1,700 $1,238 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and...
Munoz Company’s cost and production data for two recent months included the following: Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. Identify which cost is variable and which is fixed. Production (units) Rent Utilities March 900 $2,400 $ 500 April 1,100 $2,400 $ 611 umu piu' March April Rent cost per unit Utility cost per unit Rent cost Utility cost
March Production (units) 200 Rent $1,400 Utilities $ 800 April 500 $1,400 $2,880 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the utilities cost per unit for both March and April (Round your answers to...
_dfпрое mpany S CUST production did 10 two recentmonins iniciuueu e Tollowing Production (units) Rent Utilities March 400 $1,800 $ 600 April 500 $1,800 $ 750 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the...
A) B) Exercise 11-5 Fixed versus variable cost behavior LO 11-1 Rooney Company's cost and production data for two recent months included the following: April 1,000 1,200 $1,200 $1,200 $ 700 840 March Production (units) Rent Utilities Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A...
2 parts to the question Exercise 11-5 Fixed versus variable cost behavior LO 11-1 Perez Company's cost and production data for two recent months included the following: Production (units) Rent U ilities March 700 $1,700 $ 8ee April 1,000 $1,700 $1,143 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April b. Identify which cost is variable and which is fixed Complete this question by entering your answers in the...
The following variable production costs apply to goods made by Solomon Manufacturing Corporation: Cost per unit $9.00 6.50 Item Materials Labor Variable overhead 0.75 $16.25 Total Required Determine the total variable production cost, assuming that Solomon makes 14,000, 24,000, or 34,000 units. Units Produced 14,000 24,000 34,000 Total variable cost Adams Company's cost and production data for two recent months included the following: April 500 March Production (units) 200 $1,800 $1,800 $1,750 Rent Utilities 700 Required a. Separately calculate the...
Exercise 11-5 Fixed versus variable cost behavior LO 11-1 Rundle Company’s cost and production data for two recent months included the following: March April Production (units) 200 400 Rent $ 2,000 $ 2,000 Utilities $ 800 $ 1,600 Required Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. Identify which cost is variable and which is fixed. Required A Separately calculate the rental cost per unit and the utilities cost...
Munoz, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. April May June July Budgeted cost of goods sold $79,000 $89,000 $99,000 $105,000 Munoz had a beginning inventory balance of $4,400 on April 1 and a beginning balance in accounts payable of $14,900. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Munoz makes all purchases...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units Variable costs Fixed costs Mixed costs Total costs February 10,000 $24,000 ? 20,000 $80,000 August 20,000 $ ? 36,000 ? $118,000 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 16,000 units. d. Identify the two key cost behavior assumptions made in...