Exercise 5-6 (Part Level Submission)
Sheridan Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,600 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $326 and $217, respectively.
|
Production in Units |
3,600 |
|
|
Production Costs |
||
| Direct materials | $8,145 | |
| Direct labor | 25,488 | |
| Utilities | 2,846 | |
| Property taxes | 1,086 | |
| Indirect labor | 4,887 | |
| Supervisory salaries | 2,063 | |
| Maintenance | 1,657 | |
| Depreciation |
2,606 |
Homework Answers
The answer is $70,372
.
| Computation of Expected cost to produce 5,430 units | ||||||
| Production (In units) | = | 5,430 | ||||
| Variable cost per unit [Refer working note] | = | $11.80 | ||||
| Total variable cost to produce 5,430 units | = | Production x Variable cost per unit | ||||
| = | 5,430 x $11.80 | |||||
| = | $64,074 | |||||
| Total fixed cost [Refer working note] | = | $6,298 | ||||
| Total expected cost | = | Total variable cost + Total fixed cost | ||||
| = | $64,074 + $6,298 | |||||
| = | $70,372 | |||||
.
| Working note - Computation total variable cost per unit and Total fixed cost | ||
| Variable cost per Unit | Fixed cost | |
| Variable cost [Direct material + Direct labor + Indirect labor] | $10.70 | - |
| Mixed cost: | ||
| Utilties | $0.70 | $326 |
| Maintenance | $0.40 | $217 |
| Fixed Cost: | ||
| Property taxes | - | $1,086 |
| Supervisory salaries | - | $2,063 |
| Depreciation | - | $2,606 |
| Total | $11.80 | $6,298 |
Note:
Fixed costs do not change with the change in the level of activity.
So,
Fixed costs incurred to produce 3,600 units = Fixed costs incurred to produce 5,430 units = $6,298
Add Answer to:
Exercise 5-6 (Part Level Submission)
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