Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
Morning Dove Company | |||||
Answer 1 | |||||
Amount | Variable cost per unit | Fixed Cost | Nature | Remarks | |
Units | 1,200.00 | ||||
Direct Materials | 3,100.00 | 2.58 | Variable cost | Direct Material is always a variable cost. Cost per unit is calculated as $ 3,100 divided by 1,200 units. | |
Direct Labor | 7,500.00 | 6.25 | Variable cost | Direct Labor is always a variable cost. Cost per unit is calculated as $ 7,500 divided by 1,200 units. | |
Utilities | 500.00 | 0.42 | 100.00 | Mixed Cost | It is mentioned that $ 100 is fixed out of $ 600. So $ 500 is a variable cost. Cost per unit is calculated as $ 500 divided by 1,200. units. |
Supervisor salary | 2,500.00 | 2,500.00 | Fixed Cost | Supervisor salary is a fixed cost. | |
Maintenance | 180.00 | 0.15 | 330.00 | Mixed Cost | It is mentioned that $ 330 is fixed out of $ 510. So $ 180 is a variable cost. Cost per unit is calculated as $ 180 divided by 1,200. units. |
Depreciation | 750.00 | 750.00 | Fixed Cost | Depreciation is a fixed cost. | |
Total | 9.40 | 3,680.00 | |||
Answer 2 | |||||
Variable cost per unit | $ 9.40 | ||||
Fixed Cost | $ 3,680.00 | ||||
Answer 3 | |||||
Cost equation: | y= $ 3,680+ $9.40x | ||||
Answer 4 | |||||
Cost equation: | y= $ 3,680+ $9.40x | ||||
y= | $ 3,680 + $ 9.40*1400 | ||||
y= | $ 16,840.00 | ||||
So total cost of production of 1,400 units is $ 16,840. | |||||
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove...
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0–1,700 units, and monthly production costs for the production of 1,300 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($130 fixed) Supervisor's salary Maintenance ($290 fixed) Depreciation Total Cost $1,700 7,900 600 2,900 490 800 Required: 1....
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,800 units, and monthly production costs for the production of 1,500 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($150 fixed) Supervisor's salary Maintenance ($320 fixed) Depreciation Total Cost $2,100 7,100 620 3,100 490 750 Required: 1....
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,700 units, and monthly production costs for the production of 1,300 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Total Cost $2,700 7,500 Production Costs Direct materials Direct labor Utilities ($100 fixed) Supervisor's salary Maintenance ($260 fixed) Depreciation 580 2,700 540 750 Required: 1....
Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0–1,500 units, and monthly production costs for the production of 500 units follow. Morning Dove’s utilities and maintenance costs are mixed with the fixed components shown in parentheses. Required: 1. Identify each cost as variable, fixed, or mixed, and express each cost as a rate per month or per unit (or combination thereof). 2. Determine...
! Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-2,000 units, and monthly production costs for the production of 1,600 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($120 fixed) Supervisor's salary Maintenance ($280 fixed) Depreciation Total Cost $ 2,900 7,500 640 3,200 500 800...
Moming Dove Company manufactures one model of birdbath, which is very popular Morning Dove sells all units produces each month. The relevant range is 0-1600 units, and monthly production costs for the production of 1,200 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses Production Costs Direct materials Total Cost $2,3ee 7,70e Se Utilities ($120 Fixed) Supervisor's salary Maintenance (5310 Fixed) Depreciation 2.800 Required: 1. Identify each cost as variable fixed, or...
Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,900 units, and monthly production costs for the production of 1,400 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($110 fixed) Supervisor's salary Maintenance ($310 fixed) Depreciation Total Cost $ 2,500 7, 700 640 3, 100 520...
Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0–1,700 units, and monthly production costs for the production of 1,200 units follow. Morning Dove’s utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Total Cost Direct materials $ 2,700 Direct labor 7,300 Utilities ($140 fixed) 570 Supervisor’s salary 2,800 Maintenance ($330 fixed) 490 Depreciation 850 Required: 1. Identify...
i need you to solve all of them Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,900 units, and monthly production costs for the production of 1,500 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($130 fixed) Supervisor's salary Maintenance ($270 fixed) Depreciation Total Cost...
Required information E5-4 and E5-5 (LO 5-1, 5-5) Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0–1,500 units, and monthly production costs for the production of 1,200 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Total Cost $2,900 7,100 Production Costs Direct materials Direct labor Utilities ($150 fixed) Supervisor's salary Maintenance ($270 fixed) Depreciation...