Homework Answers
Total fixed cost for 25000 units=(25000*7)=$175000
Total fixed cost for 35000 units=(35000*5)=$175000
Hence total fixed cost when nothing is produced would be
=$175,000
NOTE:Total fixed costs and variable cost per unit do not change with change in units
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8. Fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000...
8) If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced?...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Kubin Company’s relevant range of production is 25,000 to 33,500 units. When it produces and sells...
Kubin Company’s relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.50 Direct labor $ 5.50 Variable manufacturing overhead $ 3.00 Fixed manufacturing overhead $ 6.50 Fixed selling expense $ 5.00 Fixed administrative expense $ 4.00 Sales commissions $ 2.50 Variable administrative expense $ 2.00 Required: 1. If 25,000 units are produced and sold, what is the variable...
variable cost per unit produced and sold
Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Amount per UnitDirect materials$7.00Direct labor$4.00Variable manufacturing overhead$1.50Fixed manufacturing overhead$5.00Fixed selling expense$3.50Fixed administrative expense$2.50Sales commissions$1.00Variable administrative expense$0.50 Required:1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?3. If 18,000 units are produced...
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are...
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are produced, fixed costs will O A remain at $18.00 per unit B. total $432,000 O C. increase to $20.25 per unit OD. decrease to $16.00 per unit
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are...
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are produced, fixed costs will O A remain at $18.00 per unit B. total $432,000 O C. increase to $20.25 per unit OD. decrease to $16.00 per unit
When 24,000 units are produced, fixed costs are $15.00 per unit. Therefore, when 20,000 units are...
When 24,000 units are produced, fixed costs are $15.00 per unit. Therefore, when 20,000 units are produced, fixed costs will O A. total $300,000 O B. decrease to $12.50 per unit OC. remain at $15.00 per unit OD. Increase to $18.00 per unit
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating...
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating Leverage = Contribution Margin / Net Income Complete the below table: Sales Variable Cost Total Contribution Margin Fixed Costs Operating Income Break-even Sales Revenue 150,000 125,000 50,000 B 85,000 35,000 15,000 75,000 65,000 113,750 D 180,000 50,000 144,000 Remember: 1) Variable costs rise and fall with an increase or decrease in revenue 2) Fixed costs do not rise and fall with an increase or...
Contribution Margin Willie Company sells 25,000 units at $26 per unit. Variable costs are $18.20 per...
Contribution Margin Willie Company sells 25,000 units at $26 per unit. Variable costs are $18.20 per unit, and fixed costs are $66,300. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $ Part 2 The manufacturing costs of Ackerman Industries for the first three months of the...
eBook Show Me How Calculator 10,000 Units produced Units sold ($60 per unit) Variable costs per...
eBook Show Me How Calculator 10,000 Units produced Units sold ($60 per unit) Variable costs per unit: 8,800 Direct materials Direct labor Variable overhead $12 $7 $5 Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $8 $138,000 Required 1. Calculate the cost of goods sold under variable costing. Feedback Y Chack My Work Determine per-unit cost under variable costing and apply the unit cost to the number Cost of Goods Sold Units sold x Unit cost Check...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24.000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are produced, fixed costs will O A remain at $18.00 per unit B. total $432,000 O C. increase to $20.25 per unit OD. decrease to $16.00 per unit
When 27,000 units are produced, fixed costs are $18.00 per unit. Therefore, when 24,000 units are produced, fixed costs will O A remain at $18.00 per unit B. total $432,000 O C. increase to $20.25 per unit OD. decrease to $16.00 per unit
When 24,000 units are produced, fixed costs are $15.00 per unit. Therefore, when 20,000 units are produced, fixed costs will O A. total $300,000 O B. decrease to $12.50 per unit OC. remain at $15.00 per unit OD. Increase to $18.00 per unit
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating Leverage = Contribution Margin / Net Income Complete the below table: Sales Variable Cost Total Contribution Margin Fixed Costs Operating Income Break-even Sales Revenue 150,000 125,000 50,000 B 85,000 35,000 15,000 75,000 65,000 113,750 D 180,000 50,000 144,000 Remember: 1) Variable costs rise and fall with an increase or decrease in revenue 2) Fixed costs do not rise and fall with an increase or...
eBook Show Me How Calculator 10,000 Units produced Units sold ($60 per unit) Variable costs per unit: 8,800 Direct materials Direct labor Variable overhead $12 $7 $5 Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $8 $138,000 Required 1. Calculate the cost of goods sold under variable costing. Feedback Y Chack My Work Determine per-unit cost under variable costing and apply the unit cost to the number Cost of Goods Sold Units sold x Unit cost Check...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24.000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the...
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