Computation of Variable Production Cost per Unit | ||
2000 Test | 1250 Test | |
Labour for Oversight and Feedback | $135.00 | $135.00 |
Outsource Test Analysis | $22.00 | $22.00 |
Material Used in Testing | $4.00 | $4.00 |
Production Overhead | $6.00 | $6.00 |
Total | $167.00 | $167.00 |
Variable cost per Unit | ||
2000 Test | 1250 Test | |
Variable production Cost per Unit | $167.00 | $167.00 |
Selling and Admin Expense per Unit | $19.00 | $19.00 |
Total | $186.00 | $186.00 |
Full Cost per Unit | ||
2000 Test | 1250 Test | |
Variable Cost per Unit | $186.00 | $186.00 |
Fixed
Cost per Unit (16000+22500)/ 2000 or 1250 |
$19.25 | $30.80 |
Total | $205.25 | $216.80 |
Full Absorption cost per Unit | ||
2000 Test | 1250 Test | |
Variable Production Cost Per Unit | $167.00 | $167.00 |
Fixed
Production Overhead Per Unit (22500/2000 or 1250) |
$11.25 | $18.00 |
Total | $178.25 | $185.00 |
Prime Cost per Unit | ||
2000 Test | 1250 Test | |
Material Used in Testing | $4.00 | $4.00 |
Labour for Oversight and Feedback | $135.00 | $135.00 |
Outsource Test Analysis | $22.00 | $22.00 |
Total | $161.00 | $161.00 |
Conversion Cost per Unit | ||
2000 Test | 1250 Test | |
Labour for Oversight and Feedback | $135.00 | $135.00 |
Outsource Test Analysis | $22.00 | $22.00 |
Fixed
Production Overhead Per Unit (22500/2000 or 1250) |
$11.25 | $18.00 |
Variable Production Cost Per Unit | $167.00 | $167.00 |
Total | $335.25 | $342.00 |
Contribution Margin per Unit | ||
2000 Test | 1250 Test | |
Sales | $310.00 | $310.00 |
Less: Variable cost per Unit | $186.00 | $186.00 |
Contribution Margin | $124.00 | $124.00 |
Gross Margin per Unit | ||
2000 Test | 1250 Test | |
Sales | $310.00 | $310.00 |
Less: Full Absorption cost per Unit | $178.25 | $185.00 |
Gross Margin per Unit | $131.75 | $125.00 |
The following data apply to the provision of psychological testing services: 16,000 22,500 Sales price per...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 330 Fixed costs (per month): Selling and administration 22,000 Production overhead (e.g., rent of testing facilities) 22,500 Variable costs (per test): Labor for oversight and feedback 145 Outsourced test analysis 17 Materials used in testing 7 Production overhead 11 Selling and administration (e.g., scheduling and billing) 17 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 310 Fixed costs (per month): Selling and administration 14,000 Production overhead (e.g., rent of testing facilities) 20,000 Variable costs (per test): Labor for oversight and feedback 140 Outsourced test analysis 19 Materials used in testing 6 Production overhead 8 Selling and administration (e.g., scheduling and billing) 19 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: $ 330 16,000 20,000 Sales price per unit (1 unit - 1 test plus feedback to client) Pixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month 160 17 5 8 16 2,000 tests cos...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing 340 18,000 17,500 130 18 Production overhead 14 Selling and administration (e.g., scheduling and billing) Number of tests per month 14 2,000 tests Required: Calculate the...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 330 Fixed costs (per month): Selling and administration 20,000 Production overhead (e.g., rent of testing facilities) 20,000 Variable costs (per test): Labor for oversight and feedback 135 Outsourced test analysis 17 Materials used in testing 4 Production overhead 14 Selling and administration (e.g., scheduling and billing) 17 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 340 Fixed costs (per month): Selling and administration 18,000 Production overhead (e.g., rent of testing facilities) 20,000 Variable costs (per test): Labor for oversight and feedback 165 Outsourced test analysis 24 Materials used in testing 4 Production overhead 15 Selling and administration (e.g., scheduling and billing) 17 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month 340 16,000 20,000 145 25 17 2,000 tests Required: Calculate the amount...
The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) $ 340 Fixed costs (per month): Selling and administration 18,000 Production overhead (e.g., rent of testing facilities) 15,000 Variable costs (per test): Labor for oversight and feedback 160 Outsourced test analysis 21 Materials used in testing 3 Production overhead 9 Selling and administration (e.g., scheduling and billing) 18 Number of tests per month 2,000 tests Required:...
The following data apply to the provision of psychological testing services: $ 2 340 14,000 20,000 Sales price per unit (1 unit = 1 test plus feedback to back to client) Fixed costs (per month): Selling and administration Production overhead (e. g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e. g., scheduling and billing) Number of tests per month 2,000 tests Required:...
Sales price per unit (1 unit = 1 test plus feedback to client) $ 340 Fixed costs (per month): Selling and administration 18,000 Production overhead (e.g., rent of testing facilities) 15,000 Variable costs (per test): Labor for oversight and feedback 160 Outsourced test analysis 21 Materials used in testing 3 Production overhead 9 Selling and administration (e.g., scheduling and billing) 18 Number of tests per month 2,000 tests Required: Calculate the amount for each of the following (one unit =...