Homework Answers
C. The Cost of Product A is a Variable cost and the cost of Product B is a Fixed Cost
Based on the data, the cost of product A is variable cost as it is increasing by increasing in units but in product B is a fixed cost because it is decreasing by increasing in units.
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Based on the following cost data, what conclusions can you make about the costs of Product...
Based on the following cost data, what conclusions can you make about Product A and Product B? Production: 10 units 100...
Based on the following cost data, what conclusions can you make about Product A and Product B? Production: 10 units 100 units 1,000 units Total Cost Product A Product B $100 $1.000 $10,000 Unit Cost Product A Product B $10.000 $1,000 ? $100 Production: 10 units 100 units 1.000 units Multiple Choice Product A is a fixed cost and Product B is a variable cost. Product A is a variable cost and Product B is a fixed cost. O Product...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,000 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $300 and $200, respectively. Production in Units 3,000 Production Costs Direct materials $ 7,500 Direct labor 18,000 Utilities 2.100 Property taxes 1,000 Indirect labor 4,500 Supervisory salaries 1,900 Maintenance 1,100 Depreciation 2,400 Instructions (a) Identify the above costs as variable, fixed,...
1) For financial accounting purposes, what is the total amount of product costs incurred to make...
1) For financial accounting purposes, what
is the total amount of product costs incurred to make 10,000
units?
2) For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3) If 8,000 units are produced and sold, what is the
variable cost per unit produced and sold?
4) If 12,500 units are produced and sold, what is the
variable cost per unit produced and sold?
5) If 8,000 units are produced and sold, what is the...
Abbon, Inc. has the following cost data for Product X and unit product cost using absorption...
Abbon, Inc. has the following cost data for Product X and unit product cost using absorption costing when production is 200 units 500 units and 1 000 units Click on the icon to view the cost data (Click on the icon to view the unit product cost data) Product X sells for $224 per unit Read the requirements Begin by selecting the labels and computing the grous profit for scenario a and the compute the gross profit for scenario bando...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production. Costs Incurred able, faxed 10,000 5,000 Cost/ Unit Production in Units Cost/ Unit Total Total Cost Cost Production Costs $16,000 19,000 3,300 $1.60 $1.60 $8,000 9,500 2,000 4,000 800 Direct materials 1.90 1.90 Direct labor Utilities 0.40 0.33 Rent 0.80 4,000 1,400 1,000 0.40 Maintenance 0.16 0.14 Supervisory salaries 1,000 0.20 0.10 Instructions a....
Use this information to answer the question that follow. The standard costs and actual costs for...
Use this information to answer the question that follow. The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows Fixed overhead (based on 10,000 hours) Variable overhead 3 hours per unit$0.75 per hour 3 hours per unit $1.95 per hour Total variable cost, $18,200 Total fixed cost, $8,200 The fixed factory overhead volume variance is Oa. $1,320 unfavorable Ob. $0 Oc.$1,650 unfavorable Od. $1,320 favorable
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
Place an X under product, variable, fixed, and mixed costs when appropriate. If a cost is...
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
QUESTION 23 Oroz Company had the following information available: Expected Costs and Selling Price Based on...
QUESTION 23 Oroz Company had the following information available: Expected Costs and Selling Price Based on 5,000 units: Variable manufacturing costs per unit $32 Fixed manufacturing costs per unit $20 Selling price per unit $70 Expected production level 5,000 units In the flexible budget at 10,000 units, what is the total manufacturing cost? O $250,000 o $700,000 o $520,000 O $420,000 uppose the supply of product X is perfectly inelastic. If there is an increase in the demand uct X...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 0 7,300 7,200 100 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative, Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $29 $49 $5 $4 $94,900 $79,200 What is the absorption costing unit product cost for the month? OA. 596 per...
Based on the following cost data, what conclusions can you make about Product A and Product B? Production: 10 units 100 units 1,000 units Total Cost Product A Product B $100 $1.000 $10,000 Unit Cost Product A Product B $10.000 $1,000 ? $100 Production: 10 units 100 units 1.000 units Multiple Choice Product A is a fixed cost and Product B is a variable cost. Product A is a variable cost and Product B is a fixed cost. O Product...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,000 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $300 and $200, respectively. Production in Units 3,000 Production Costs Direct materials $ 7,500 Direct labor 18,000 Utilities 2.100 Property taxes 1,000 Indirect labor 4,500 Supervisory salaries 1,900 Maintenance 1,100 Depreciation 2,400 Instructions (a) Identify the above costs as variable, fixed,...
1) For financial accounting purposes, what
is the total amount of product costs incurred to make 10,000
units?
2) For financial accounting purposes, what is the total amount
of period costs incurred to sell 10,000 units?
3) If 8,000 units are produced and sold, what is the
variable cost per unit produced and sold?
4) If 12,500 units are produced and sold, what is the
variable cost per unit produced and sold?
5) If 8,000 units are produced and sold, what is the...
Abbon, Inc. has the following cost data for Product X and unit product cost using absorption costing when production is 200 units 500 units and 1 000 units Click on the icon to view the cost data (Click on the icon to view the unit product cost data) Product X sells for $224 per unit Read the requirements Begin by selecting the labels and computing the grous profit for scenario a and the compute the gross profit for scenario bando...
E5.1 (LO 1), C Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production. Costs Incurred able, faxed 10,000 5,000 Cost/ Unit Production in Units Cost/ Unit Total Total Cost Cost Production Costs $16,000 19,000 3,300 $1.60 $1.60 $8,000 9,500 2,000 4,000 800 Direct materials 1.90 1.90 Direct labor Utilities 0.40 0.33 Rent 0.80 4,000 1,400 1,000 0.40 Maintenance 0.16 0.14 Supervisory salaries 1,000 0.20 0.10 Instructions a....
Use this information to answer the question that follow. The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows Fixed overhead (based on 10,000 hours) Variable overhead 3 hours per unit$0.75 per hour 3 hours per unit $1.95 per hour Total variable cost, $18,200 Total fixed cost, $8,200 The fixed factory overhead volume variance is Oa. $1,320 unfavorable Ob. $0 Oc.$1,650 unfavorable Od. $1,320 favorable
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
QUESTION 23 Oroz Company had the following information available: Expected Costs and Selling Price Based on 5,000 units: Variable manufacturing costs per unit $32 Fixed manufacturing costs per unit $20 Selling price per unit $70 Expected production level 5,000 units In the flexible budget at 10,000 units, what is the total manufacturing cost? O $250,000 o $700,000 o $520,000 O $420,000 uppose the supply of product X is perfectly inelastic. If there is an increase in the demand uct X...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: 0 7,300 7,200 100 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative, Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $29 $49 $5 $4 $94,900 $79,200 What is the absorption costing unit product cost for the month? OA. 596 per...
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