Homework Answers
Answer:
Variable cost per unit $1.50
Fixed cost $14,558
Explanation:
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--/1 Question 2 View Policies Current Attempt in Progress Blossom Corp. has collected the following data...
Blossom Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Blossom Corp. has collected the following data concerning its
maintenance costs for the past 6 months.
Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
Compute the variable cost per unit using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per unit
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 17,000 $38,950 August 34,000 61,300 September 38,000 69,500 October 22,000 44,200 November 40,000 86,100 December 38,000 82,000 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ e Textbook and Media Compute the fixed cost elements using the high-low method. Fixed costs $
Monty Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Monty Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,000 $31,900 August 32,000 40,400 September 36,000 October 20,000 46,400 29,900 73,900 70,900 November 46,000 December 44,000 Your answer is incorrect. Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places eg. 1.25.) Variable cost per unit $ e Textbook and Media X Your answer is incorrect. X Your answer...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble Gravity Grips produces spike sets for track shoes. CEO Brittany Bramble has gathered the follo company's sales volume and marketing cost for the past six months: January February March April May June Sales Volume 64,300 48,300 69,800 74.300 67,300 78,500 Total Marketing Costs $7,798 $5,932 $8,430 $8,590 $8,180 $8,650 Question 5 of 5 < 1/5 Machine Hours High point 78500 $ 8650 Low point...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October November December Units Produced 18,920 33,632 37.836 23,122 42,040 39,938 $40,151 50,448 57,805 41 356 78,299 65.162 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places.... 2.25.) Variable cost per unit Compute the fixed cost elements using the high-low method. Fixed costs Click if you would like to Show Work for...
The controller of Blossom Industries has collected the following monthly expense data for use in analyzing...
The controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours 3,860 4.412 Month January February March April May June 6,618 $2,912 3.309 3,971 4,963 3,530 5,894 8.714 5.515 8.830 (21) Your answer is incorrect. Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $ In the month of March, Crane...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kingbird Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,100 actual direct labor hours worked Overhead rate (variable $5; fixed $1) at normal capacity of 58,300 direct labor hours Standard hours allowed for work done $281.880 $6 47,180 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Attempts: 0 of 15...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
Blossom Corp. has collected the following data concerning its
maintenance costs for the past 6 months.
Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
Compute the variable cost per unit using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per unit
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Bridgeport Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 17,000 $38,950 August 34,000 61,300 September 38,000 69,500 October 22,000 44,200 November 40,000 86,100 December 38,000 82,000 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ e Textbook and Media Compute the fixed cost elements using the high-low method. Fixed costs $
Monty Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,000 $31,900 August 32,000 40,400 September 36,000 October 20,000 46,400 29,900 73,900 70,900 November 46,000 December 44,000 Your answer is incorrect. Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places eg. 1.25.) Variable cost per unit $ e Textbook and Media X Your answer is incorrect. X Your answer...
Question 5 of 5 < > View Policies Show Attempt History Current Attempt in Progress Bramble Gravity Grips produces spike sets for track shoes. CEO Brittany Bramble has gathered the follo company's sales volume and marketing cost for the past six months: January February March April May June Sales Volume 64,300 48,300 69,800 74.300 67,300 78,500 Total Marketing Costs $7,798 $5,932 $8,430 $8,590 $8,180 $8,650 Question 5 of 5 < 1/5 Machine Hours High point 78500 $ 8650 Low point...
Question 1 View Policies Current Attempt in Progress In its first month of operations, Blossom Company made three purchases of merchandise in the following sequence: (1) 350 units at $5, (2) 400 units at $7, and (3) 500 units at $8. Calculate average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Average unit cost $ e Textbook and Media List of Accounts Compute the cost of the ending inventory under the average-cost method, assuming there are 250 units...
Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October November December Units Produced 18,920 33,632 37.836 23,122 42,040 39,938 $40,151 50,448 57,805 41 356 78,299 65.162 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places.... 2.25.) Variable cost per unit Compute the fixed cost elements using the high-low method. Fixed costs Click if you would like to Show Work for...
The controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours 3,860 4.412 Month January February March April May June 6,618 $2,912 3.309 3,971 4,963 3,530 5,894 8.714 5.515 8.830 (21) Your answer is incorrect. Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $ In the month of March, Crane...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kingbird Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,100 actual direct labor hours worked Overhead rate (variable $5; fixed $1) at normal capacity of 58,300 direct labor hours Standard hours allowed for work done $281.880 $6 47,180 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Attempts: 0 of 15...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
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