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 = one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Cost per unit if 2000 tests taken = $228
Cost per unit if 1250 tests taken = $237
Working
Number of tests | ||
2000 | 1250 | |
Variable cost (Cost per unit x Units) | $ 4,22,000.00 | $ 2,63,750.00 |
Fixed cost | $ 33,000.00 | $ 33,000.00 |
Total cost | $ 4,55,000.00 | $ 2,96,750.00 |
Divided by Units | 2000 | 1250 |
Cost per unit | $ 227.50 | $ 237.40 |
.
Labor for oversight and feedback | $ 160.00 |
Outsourced test analysis | $ 21.00 |
Materials used in testing | $ 3.00 |
Production overhead | $ 9.00 |
Selling and administration (e.g., scheduling and billing) | $ 18.00 |
Total variable cost per unit | $ 211.00 |
Sales price per unit (1 unit = 1 test plus feedback to client) $ 340 Fixed...
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) $ 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) $ 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: 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) 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) $ 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) $ 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: 16,000 22,500 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 000 tests Required: Calculate the amount for each of the...
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:...
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...