X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected...
X Company wants to estimate total costs (overhead plus
administrative) in March, when production is expected to be 1,450
units. It analyzed January costs to determine the parameters of the
overhead and administrative cost functions. January production was
1,000 units and costs were as follows:
| Total overhead costs | $52,000 |
| Total fixed overhead costs | 31,200 |
| Total administrative costs | 39,000 |
| Total variable administrative costs | 9,360 |
What is X Company's estimate of total costs in March [round unit
costs to two decimal places]?
Homework Answers
Total fixed overhead costs = $31,200
Total fixed overhead costs for 1,450 units
Total fixed overhead costs for 1,450 units = [($52,000 - $31,200) / 1,000 units] x 1,450 units
= $30,160
Total fixed administrative costs = $29,640 [$39,000 - $9,360]
Total variable administrative costs for 1,450 units
Total variable administrative costs for 1,450 units = [$9,360 / 1,000 units] x 1,450 units
= $13,572
Therefore, X Company's estimate of total costs in March = Total fixed overhead costs + Total fixed overhead costs for 1,450 units + Total fixed administrative costs + Total variable administrative costs for 1,450 units
= $31,200 + $30,160 + $29,640 + $13,572
= $104,572.00
“Hence, the X Company's estimate of total costs in March will be $104,572.00”
Add Answer to:
X Company wants to estimate total costs (overhead plus
administrative) in March, when production is expected...
X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected...
X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected to be 1,500 units. It analyzed January costs to determine the parameters of the overhead and administrative cost functions. January production was 1,000 units and costs were as follows: Total overhead costs Total fixed overhead costs Total administrative costs Total variable administrative costs $60,000 39,000 39,000 8,190 What is X Company's estimate of total costs in March [round unit costs to two decimal places]?...
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X Company wants to estimate total costs (overhead plus administrative) in March, when production is expected...
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