Homework Answers
If the overhead cost is maintained then in this situation Make full use of resources to reduce the cost of production of any item, the price of this commodity can be easily reduced. Use of modern technology such as using human resources should be efficient.
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How can i reduce the cost per unit of a product, assuming the overhead is maintained?
1. If a product can be sold for $1,000 per unit, the variable cost per unit...
1. If a product can be sold for $1,000 per unit, the variable cost per unit is $550, and fixed costs are $2 million, how many units must be produced and sold before the firm can break even? 2.If an employee has a salary of $50,000 per year, benefits cost the company $7,200 per employee per year, and the employer’s share of the Social Security tax is 7.65 percent, what is the direct cost per year for this employee?
MFG Manufacturing sells a product for $40 per unit. The production cost of the product is...
MFG Manufacturing sells a product for $40 per unit. The production cost of the product is $21 per unit: direct materials of $8, direct labor of $7, variable overhead of $4 and fixed overhead of $2. The fixed overhead per unit comes from dividing $500,000 of fixed factory overhead by 250,000 units produced. In addition, MFG pays $3 for shipping each unit sold. Finally, MFG has fixed costs outside the factory (such as office building depreciation and salaries) that total...
what is the overhead cost per unit and how you calculate it. thanks hapters 1 -...
what is the overhead cost per unit and how you
calculate it. thanks
hapters 1 - 5 0 Submitted 77.8/100 Total points awarded Help Exit Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 2,000 units of Product F and 2,400 units of Product G during the current year. The company uses activity-based costing to compute unit product costs for external reports. Data relating to the company's three activity cost pools are...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is...
Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows: Direct Material $15 per Unit Direct Labor $25 per Unit Variable Overhead $5 per Unit Fixed Overhead $33,500 Selling expenses are $3 per unit and are all variable. Administrative expenses of $15,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ ii. Variable Costing...
1. If a product can be sold for $2,000 per unit, the variable cost per unit...
1. If a product can be sold for $2,000 per unit, the variable cost per unit is $650, and fixed costs are $2 million, how many units must be produced and sold before the firm can break even? 2. If an employee has a salary of $75,000 per year, benefits cost the company $7,200 per employee per year, and the employer's share of the Social Security tax is 7.65 percent, what is the direct cost per year for this employee?...
1a.If a product can be sold for $2,000 per unit and the variable cost per unit...
1a.If a product can be sold for $2,000 per unit and the variable cost per unit is $650, and fixed costs are $2 million, how many units must be produced and sold before the firm can break even? 1b. If an employee has a salary of $75,000 per year, benefits cost the company $7,200 per employee per year, and the employer’s share of the Social Security tax is 7.65 percent, what is the direct cost per year for this employee?...
Grainger Company produces only one product and sells that product for $110 per unit. Cost information...
Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead Fixed Overhead $16 per Unit $25 per Unit $5 per Unit $34,000 Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ ii. Variable Costing...
Grainger Company produces only one product and sells that product for $100 per unit. Cost information...
Grainger Company produces only one product and sells that product for $100 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead $15 per Unit $25 per Unit $4 per Unit Fixed Overhead $34,000 Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ 56 x ii....
Use the data below to calculate the amount of overhead allocated to product 1 assuming that...
Use the data below to calculate the amount of overhead allocated to product 1 assuming that factory overhead is allocated based on direct material cost. overhead 62600 Production units Product 1: 1954 Product 2: 3612 Machine hours per product Product 1 Element Units $ per unit DM component 1 4 oz 99.1/oz DL Assistant 6 29 Product 2 Element Units $ per unit DM component 2 14.43 ounces $5/ounce DL Assistant 10 29
what is the overhead cost per unit and how you
calculate it. thanks
hapters 1 - 5 0 Submitted 77.8/100 Total points awarded Help Exit Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 2,000 units of Product F and 2,400 units of Product G during the current year. The company uses activity-based costing to compute unit product costs for external reports. Data relating to the company's three activity cost pools are...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
1. If a product can be sold for $2,000 per unit, the variable cost per unit is $650, and fixed costs are $2 million, how many units must be produced and sold before the firm can break even? 2. If an employee has a salary of $75,000 per year, benefits cost the company $7,200 per employee per year, and the employer's share of the Social Security tax is 7.65 percent, what is the direct cost per year for this employee?...
Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead Fixed Overhead $16 per Unit $25 per Unit $5 per Unit $34,000 Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ ii. Variable Costing...
Grainger Company produces only one product and sells that product for $100 per unit. Cost information for the product is as follows: Direct Material Direct Labor Variable Overhead $15 per Unit $25 per Unit $4 per Unit Fixed Overhead $34,000 Selling expenses are $4 per unit and are all variable. Administrative expenses of $20,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory. A. Compute net income under i. Absorption Costing $ 56 x ii....
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