Homework Answers
variable cost per unit = Change in Cost/Change in unit = (15000-12000)/(12000-8000) = 0.75
Fixed cost = 15000-(12000*.75) = 6000
So answer is c) $6000 plus $0.75 per unit
5) Under job Order costing direct cost either direct material or direct labor should be debited in work in process inventory
So answer is Work in process
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Question 4 4 pts 1. The following data pertains to activity and maintenance costs for two...
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Determine the relevant range of activity for this product. Calculate the variable costs per unit within...
Determine the relevant range of activity for this product.
Calculate the variable costs per unit within the relevant
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Indicate the fixed cost within the relevant range.
Determine the relevant range of activity for this product The relevant range of activity for this product units LINK TO TEXT Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places, e.g. 1.25.) Variable costs per unit per unit LINK TO TEXT Indicate the fixed cost within...
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Question 4 Tenaga Engineering Sdn Bhd is a medium size engineering company which undertakes contract Jobs...
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Summer Manufacturing has four categories of overhead. The four categories and expected overhead costs for each...
Summer Manufacturing has four categories of overhead. The four categories and expected overhead costs for each category for next year are listed as follows: Maintenance $255,000 Materials handling 125,000 Setups 30,000 Inspection 105,000 Currently, overhead is applied using a predetermined overhead rate based upon budgeted direct labor hours. 100,000 direct labor hours are budgeted for next year. The company has been asked to submit a bid for a proposed job. The plant manager feels that obtaining this job would result...
Determine the relevant range of activity for this product.
Calculate the variable costs per unit within the relevant
range.
Indicate the fixed cost within the relevant range.
Determine the relevant range of activity for this product The relevant range of activity for this product units LINK TO TEXT Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places, e.g. 1.25.) Variable costs per unit per unit LINK TO TEXT Indicate the fixed cost within...
(25 pts) 3. Herro Corporation has established the following cost pools for 2019. COST POOLS COMMITTED COSTS COST DRIVERS LEVEL Maintenance Materials handling Machine setup Inspection Total $ 40,000 50,000 60,000 50,000 $200,000 Machine hours Number of moves Setup hours Number of inspections 10,000 250 1,000 500 The following information pertains to two representative jobs completed during January 2019. ITEM Job A1 Job B2 Direct materials cost Direct labor cost Number of units Direct labor hours Machine hours Number of...
. Graham Company has two categories of overhead: maintenance and inspection. Costs expected for these categories for the coming year are as follows: Maintenance Inspection $900,000 1,500,000 The plant currently applies overhead using direct labor hours and expected capacity of 100,000 direct labor hours. The following data has been assembled for use in developing a bid for a proposed job. Additionally, the total expected machine hours for all jobs during the year are 100,000, and the total expected number of...
Calculator Summer Marvufacturing has four categories of overhead. The four categories and expected overhead costs for each category for next year are listed as follows: Maintenance Materials handling Setups Inspection $255.000 125.000 30,000 105,000 Currently, overhead is applied using a predetermined overhead tate based upon budgeted direct later hours. 100.000 direct labor hours we budgeted for next year The company has been asked to submit a bid for a proposed job. The plant manager feels that in this job would...
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