1. Describe how total variable costs and unit variable costs behave with changes in the level...
1. Describe how total variable costs and unit variable costs behave with changes in the level of activity.
2. How would each of the following costs be classified if units produced is the activity based? a. Direct material costs b. Direct labor costs c. Electricity costs of $0.35 per kilowatt-hour.
Homework Answers
Dear student, only one question is allowed at a time. I am answering the first question
1)
Variable costs are costs which remain constant per unit with increase in production but increase in total with increase in production
For example, material costs are variable costs. Per unit material cost will remain the same with increase in production but the total material cost will increase with increase in production
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1. Describe how total variable costs and unit variable costs
behave with changes in the level...
regardless of changes in activity level Variable costs per unit 1. with changes in activity level...
regardless of changes in activity level Variable costs per unit 1. with changes in activity level Total variable cost
As the level of activity increases, how will a variable cost in total and per unit...
As the level of activity increases, how will a variable cost in total and per unit behave? A) In Total Increase Increase Increase Decrease Decrease Per Unit Decrease Increase No effect Increase No effect Multiple Choice Choice A Choice B
Which of the following costs is classified as a period cost under variable costing? O a....
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Find the Total Spending Variance, Direct Material variance, Direct Labor Variances, and Variable O/H Variance Analysis...
Find the Total Spending Variance, Direct Material variance, Direct
Labor Variances, and Variable O/H
Variance Analysis Insert a formula into each cell containing a ?. Chatham Company produces a beach towel and incurs the following variable manufacturing costs: Std Qty Std Price/Rate Direct material (cloth) Direct labor Variable O/H (based on direct labor hours) 3 yds 0.75 hours 0.75 hours $ $ $ 1.80 per yd 12.00 per hour 4.00 per hour Standard Cost per Unit: Std Cost per towel...
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable...
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable costs are costs that remain constant on a per-unit basis as the level of activity changes. true or false? 3. Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio. true or false 4. The data required for determining the break-even point for a business are the total estimated fixed costs for a period stated as a percentage...
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....
Answer these questions below 1. This costs changes in total with each level of volume or...
Answer these questions below 1. This costs changes in total with each level of volume or activity A. Fixed B. Variable C. Mixed D. None of these 2. In total this cost remains constant despite changes in activity or sales volumes A. Fixed B. Variable C. Mixed D. None of these 3. On a per unit basis this cost remain constant A. Fixed B. Variable C. Mixed D. None of these 4. On per unit basis this cost increases with...
Unit variable costs may be affected by all of the following except changes in the a.level...
Unit variable costs may be affected by all of the following except changes in the a.level of activity. b.sales commission paid to salespeople. c.cost per unit of direct materials. d.wage rate of direct labor.
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
Total costs for Locke & Company at 130,000 units are $319,000, while total fixed costs are...
Total costs for Locke & Company at 130,000 units are $319,000, while total fixed costs are $195,000. The total variable costs at a level of 280,000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) O A. $420,000 OB. $148,107 O c. $266,000 OD. $687,077 Total fixed costs for Purple Figs Company are $92,000. Total costs, both fixed and variable are $180,000 if 120,000 units are produced. The fixed cost per...
regardless of changes in activity level Variable costs per unit 1. with changes in activity level Total variable cost
As the level of activity increases, how will a variable cost in total and per unit behave? A) In Total Increase Increase Increase Decrease Decrease Per Unit Decrease Increase No effect Increase No effect Multiple Choice Choice A Choice B
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Find the Total Spending Variance, Direct Material variance, Direct
Labor Variances, and Variable O/H
Variance Analysis Insert a formula into each cell containing a ?. Chatham Company produces a beach towel and incurs the following variable manufacturing costs: Std Qty Std Price/Rate Direct material (cloth) Direct labor Variable O/H (based on direct labor hours) 3 yds 0.75 hours 0.75 hours $ $ $ 1.80 per yd 12.00 per hour 4.00 per hour Standard Cost per Unit: Std Cost per towel...
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....
Answer these questions below 1. This costs changes in total with each level of volume or activity A. Fixed B. Variable C. Mixed D. None of these 2. In total this cost remains constant despite changes in activity or sales volumes A. Fixed B. Variable C. Mixed D. None of these 3. On a per unit basis this cost remain constant A. Fixed B. Variable C. Mixed D. None of these 4. On per unit basis this cost increases with...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
Total costs for Locke & Company at 130,000 units are $319,000, while total fixed costs are $195,000. The total variable costs at a level of 280,000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) O A. $420,000 OB. $148,107 O c. $266,000 OD. $687,077 Total fixed costs for Purple Figs Company are $92,000. Total costs, both fixed and variable are $180,000 if 120,000 units are produced. The fixed cost per...
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