Homework Answers
NOTE:Total fixed costs and variable cost per unit do not change with change in units
Hence since total costs are the same for Cost A at 60,000 units and 90,000 units.
Hence Cost A is fixed cost.
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Cost A Cost B Cost C Total Costs 60.000 units $75,000 $120,000 $65.000 $260,000 90.000 units...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65.000 $260,000 90.000 units...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65.000 $260,000 90.000 units $75,000 $180,000 $80,000 $335,000 Cost A is a cost 100 Desc O A. sunk O B. mixed O C. fixed atured Si OD. variable costs per ange Click to select your answer. 654 PN 11/520 A 0 RS2 Delete Insert Prisc Pelicans Ice is a snow cone stand near the local park To plan for the future, Pelicans Ioe wants to determine its cost...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
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...
Variable Costs Fixed Costs Mixed Costs Total Costs 38,000 units $152.000 $25.000 $16.000 $ 193.000 54,000...
Variable Costs Fixed Costs Mixed Costs Total Costs 38,000 units $152.000 $25.000 $16.000 $ 193.000 54,000 units ??? ??? 22 $267.000 Total variable costs at 54,000 units would be A $216.000 OB. 5267.000 C. $152.000 OD. unknown
Total costs for Locke & Company at 140,000 units are $339,000, while total fixed costs are...
Total costs for Locke & Company at 140,000 units are $339,000, while total fixed costs are $165,000. The total variable costs at a level of 300,000 units would be O A. $726,429 O B. $372,857 O c. $353,571 OD. $158,200
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTA...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total $67,000. Assuming that this activity is within the relevant range, if 25,000 units are produced, then: Select one: a. total fixed costs are expected to be $37,500. b. variable cost per unit is expected to equal $2.68. c. fixed cost per unit is expected to equal $1.20. d. total cost per unit is expected to equal $3.88. Paine Company wishes to determine the fixed...
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...
High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two...
High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two levels of activity (within the relevant range): Low High Activity (direct labor hours) 80,000 120,000 Total manufacturing overhead $234,000 $302,000 The total overhead cost includes variable, fixed, and mixed costs. At 120,000 direct labor hours, the total cost breakdown is as follows: Variable cost $132,000 Fixed cost 80,000 Semi-mixed cost $90,000 a. Using the high-low method of cost analysis, determine the variable portion of...
The linear equation for total cost is ( Unit variable costs Units ) + Fixed cost...
The linear equation for total cost is ( Unit variable costs
Units ) + Fixed cost
d. deprecation on factory machinery n 22 The linear equation for total cost is (Unit variable cost x Units) + Fixed cost. Select one: out of O True False
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65.000 $260,000 90.000 units $75,000 $180,000 $80,000 $335,000 Cost A is a cost 100 Desc O A. sunk O B. mixed O C. fixed atured Si OD. variable costs per ange Click to select your answer. 654 PN 11/520 A 0 RS2 Delete Insert Prisc Pelicans Ice is a snow cone stand near the local park To plan for the future, Pelicans Ioe wants to determine its cost...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
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...
Variable Costs Fixed Costs Mixed Costs Total Costs 38,000 units $152.000 $25.000 $16.000 $ 193.000 54,000 units ??? ??? 22 $267.000 Total variable costs at 54,000 units would be A $216.000 OB. 5267.000 C. $152.000 OD. unknown
Total costs for Locke & Company at 140,000 units are $339,000, while total fixed costs are $165,000. The total variable costs at a level of 300,000 units would be O A. $726,429 O B. $372,857 O c. $353,571 OD. $158,200
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
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...
The linear equation for total cost is ( Unit variable costs
Units ) + Fixed cost
d. deprecation on factory machinery n 22 The linear equation for total cost is (Unit variable cost x Units) + Fixed cost. Select one: out of O True False
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