Question 4
Correct answer----------
Y= | $ 232 | + | $ 535 | X |
Question 5
Correct answer---
Total shipping cost | $ 3,977.00 |
Working
Cost | No. of activities | ||
A | High Level | $ 1,302.00 | 2 |
B | Low Level | $ 4,512.00 | 8 |
C=A-B | Difference | $ (3,210.00) | (6) |
A | Cost difference | $ (3,210.00) | |
B | No. of activities difference | -6 | |
C=A/B | Variable cost per unit | $ 535.00 | |
High Level | Low Level | ||
A | No. of activities | 2 | 8 |
B | Variable cost per unit | $ 535.0000 | $ 535.0000 |
C=AxB | Total Variable cost | $ 1,070.00 | $ 4,280.00 |
D | Total cost | $ 1,302.00 | $ 4,512.00 |
E=D-C | Total fixed cost | $ 232.00 | $ 232.00 |
.
February | |
No of units | $ 7.00 |
Variable cost | $ 3,745.00 |
Fixed cost | $ 232.00 |
Total cost | $ 3,977.00 |
Required information [The following information applies to the questions displayed below.) Phillips Company manufactures air-conditioning units...
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Multi Part Question. Show all your work The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $1,600,000 800,000 800,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses $ 400,000 200,000 600,000 Operating income $ 200,000 The guitars sell, on average,...
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $3,330,000 1,665,000 1,665,000 Gross margin Selling and administrative expenses : Selling expenses Administrative expenses $ 570,000 370,000 940,000 Operating income $ 725,000 The guitars sell, on average, for $900 each. The department's variable...
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Show full solutions to these please and thank you! Required information (The following information applies to the questions displayed below.) Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Units Shipped 4 Month January February March April May June July 5 2 3 6 8 Total Shipping Expense $ 2,200 $ 3,100 $ 2,600 $ 1,500 $ 2,200 $3,000 $ 3,600 8. If the...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built alr-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped Month January February March April May Total Shipping Expense $ 2,400 $ 2,900 $ 2,300 $ 2.600 $ 2,900 $ 3.900 $ 1,800 June als Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
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Required information (The following information applies to the questions displayed below) Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $14 per hour. Iguana has the following inventory policies: • Ending finished goods inventory should be 40 percent of next month's sales • Ending direct materials inventory should be 30 percent of...
Required information The following Information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: $50.00 64.00 Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $16 per hour Variable overhead: 4 hours at $7 per hour Total standard variable cost per unit $142.00 The company also established the following cost formulas for...