The following data have been extracted from the records of Puzzle, Inc.: a. Calculate the missing...
The following data have been extracted from the records of Puzzle, Inc.:
a. Calculate the missing costs. (Do not round intermediate calculations.)
| February | August | ||||||
| Production level, in units | 8,800 | 15,840 | |||||
| Variable costs | $ | 23,760 | $ | ? | |||
| Fixed costs | ? | 39,500 | |||||
| Mixed costs | 23,612 | ? | |||||
| Total costs | $ | 86,872 | $ | 119,890 | |||
b. Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable cost" to 2 decimal places.)
Cost formula = ________ + _________ per unit
c. Calculate the total cost that would be incurred for the production of 12,320 units. (Do not round intermediate calculations.)
Total cost=
Homework Answers
| 1 | February | August | ||
| Production level in units | 8800 | 15840 | ||
| Variable cost | 23760 | 42768 | (23760*15840/8800) | |
| Fixed cost | 39500 | 39500 | ||
| Mixed cost | 23612 | 37622 | ||
| Total costs | 86872 | 119890 | ||
| 2 | High low cost method | |||
| Variable cost per unit = (37622-23612)/(15840-8800) | 1.99 | |||
| Fixed cost (23612- (8800*1.99) | 6100 | |||
| Cost formula = 6100+1.99 per unit | ||||
| 3 | ||||
| Production level in units | 12320 | |||
| Variable cost | 33264 | (12320*23760/8800) | ||
| Fixed cost | 39500 | |||
| Mixed cost | 30617 | (6100+12320*1.99) | ||
| Total costs | 103381 |
Add Answer to:
The following data have been extracted from the records of
Puzzle, Inc.:
a. Calculate the missing...
The following data have been extracted from the records of Puzzle, Inc.: February August Production level,...
The following data have been
extracted from the records of Puzzle, Inc.: February August
Production level, in units 8,400 20,160 Variable costs $ 24,360 $ ?
Fixed costs ? 30,700 Mixed costs 25,884 ? Total costs $ 80,944 $
141,626
Total costs $80,944$141,626 Required: a. Calculate the missing costs. (Do not round intermediate calculations.) February August 8,400 S 24,360 Production level, in units Variable costs Fixed costs Mixed costs Total cost:s 20,160 30,700 25,884 S 80,944 $ 141,626 b. Calculate...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units...
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...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units...
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 11,000 $29,700 > 24,100 $90,400 August 25, 300 s > 36,600 $154,750 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 15,767 units. d. Identify the two key cost behavior assumptions made in...
please complete the entire question, try and use the same format if possible The following data...
please complete the entire question, try and use the same format if
possible
The following data have been extracted from the records of Puzzle Inc.: February 10,400 $27,640 August 23,920 Production level, in units Variable costs Fixed costs Mixed costs Total costs 31,500 25,996 $84,536 $146,593 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 14,560 units d....
A department of Alpha Co. incurred the following costs for the month of September. Variable costs,...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 7,600 29,800 23,940 $60,540 During October, the activity level was 7400 units, and the total costs incurred were $68,000, Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs,...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 5,000 $10,000 30,000 20,000 $60,000 During October, the activity level was 8,000 units, and the total costs incurred were $70,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October October...
The following information was extracted from the accounting records of Nimoy Mfg. LLP: On February 5,...
The following information was extracted from the accounting records of Nimoy Mfg. LLP: On February 5, 2019, Nimoy Mfg. LLP ordered 250,000 pounds of material from its supplier at a total purchase price of $360,000. The materials were to be shipped via Scott Transporter Co. under FOB Shipping Point terms. On February 12, 2019, Nimoy Mfg. LLP received the goods with an invoice from its supplier that included a 10% volume discount off the original purchase price. On February 13,...
The following information provides the amount of cost incurred in August for the cost items indicated....
The following information provides the amount of cost incurred in August for the cost items indicated. During August, 7,700 units of the firm's single product were manufactured. Raw materials $ 41,800 Factory depreciation expense 40,500 Direct labor 99,500 Production supervisor's salary 6,200 Computer rental expense 4,000 Maintenance supplies used 900 Required: How much cost would you expect to be incurred for each of these items during September when 9,100 units of the product are planned for production? (Do not round...
The following selected data were taken from the accounting records of Colorado Enterprises: Month Machine Hours...
The following selected data were taken from the accounting records of Colorado Enterprises: Month Machine Hours Manufacturing Overhead May 47,500 $ 904,000 June 60,600 1,136,000 July 71,000 1,306,300 August 53,500 983,000 Manufacturing overhead consists of three different costs; (1) machine supplies (variable), (2) property taxes (fixed), and (3) plant maintenance (semivariable). July's overhead costs were $172,000 for machine supplies, $24,300 for property taxes, and $1,110,000 for plant maintenance. Required: Determine the machine supplies and property taxes for May. By using...
oints) Saved MFG Company experiences the following cost behavior patterns each week. Fixed costs: supervisor's salary...
oints) Saved MFG Company experiences the following cost behavior patterns each week. Fixed costs: supervisor's salary $2,600; factory rent $5,700 Mixed costs: utilities $3,100 + $9.25 per unit Variable costs per unit: manufacturing labor wages $28.00, supplies used in production $12.50, packaging cost $6.25, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,910 units of activity. (Do not round intermediate calculations.) Total cost
The following data have been
extracted from the records of Puzzle, Inc.: February August
Production level, in units 8,400 20,160 Variable costs $ 24,360 $ ?
Fixed costs ? 30,700 Mixed costs 25,884 ? Total costs $ 80,944 $
141,626
Total costs $80,944$141,626 Required: a. Calculate the missing costs. (Do not round intermediate calculations.) February August 8,400 S 24,360 Production level, in units Variable costs Fixed costs Mixed costs Total cost:s 20,160 30,700 25,884 S 80,944 $ 141,626 b. Calculate...
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...
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 11,000 $29,700 > 24,100 $90,400 August 25, 300 s > 36,600 $154,750 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 15,767 units. d. Identify the two key cost behavior assumptions made in...
please complete the entire question, try and use the same format if
possible
The following data have been extracted from the records of Puzzle Inc.: February 10,400 $27,640 August 23,920 Production level, in units Variable costs Fixed costs Mixed costs Total costs 31,500 25,996 $84,536 $146,593 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 14,560 units d....
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 7,600 29,800 23,940 $60,540 During October, the activity level was 7400 units, and the total costs incurred were $68,000, Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 5,000 $10,000 30,000 20,000 $60,000 During October, the activity level was 8,000 units, and the total costs incurred were $70,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October October...
oints) Saved MFG Company experiences the following cost behavior patterns each week. Fixed costs: supervisor's salary $2,600; factory rent $5,700 Mixed costs: utilities $3,100 + $9.25 per unit Variable costs per unit: manufacturing labor wages $28.00, supplies used in production $12.50, packaging cost $6.25, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,910 units of activity. (Do not round intermediate calculations.) Total cost
Most questions answered within 3 hours.
-
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 4 minutes ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 23 minutes ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 26 minutes ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 1 hour ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 1 hour ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 1 hour ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 1 hour ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 1 hour ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 1 hour ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 1 hour ago -
The energy levels of a quantum mechanical system are given by
the equation: En = -hfo/√n^2+9....
asked 2 hours ago -
Calculate the molality of an aqueous solution of iron (II)
nitrate with a solute mole fraction...
asked 2 hours ago