Homework Answers
Answer:
After analysing the give data, we understand that every the volume (in units) changes, the per unit cost remains the same i.e. $10 per unit, which means it is a variable cost, does not include any fixed cost.
Hence, the above data represents a :
a) Variable cost
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Question 10 The following table represents cost and volume information for Company A: Volume (in units)...
Question 11: The following table represents cost and volume information for Company B: Volume Cost per...
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XYZ Company reported the following cost information: June Cost A Cost B Cost c Units sold...
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QUESTION 1 At current production volume of 10 units, Gamma Company has total variable costs of...
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Question 11: The following table represents cost and volume information for Company B: Volume Cost per unit (in units) (in $) 500 $6 1,000 3 1,500 2 The above data represent a Select one: O a. None of these O b. Variable cost O c. Fixed cost O d. Mixed cost Select the correct statement regarding fixed costs. 1. The fixed cost per unit does not change when volume decreases. 2. The fixed cost per unit decreases when volume increases....
Cost-Volume-Profit Analysis Use the information below to answer the following questions: # of units Cost of goods sold Salaries expense Depreciation expense Shipping expense Rent expense July August 200 units 300 units $ 30,000 $ 45,000 $ 5,900 $ 6,350 $ 580 $ 580 $ 1,400 $ 2,100 $ 800 $ 800 Classification of Costs For each expense, indicate if it is a variable cost (type: VC), fixed cost (type: FC) or mixed costs (type: MC). This question is auto-graded....
XYZ Company reported the following cost information: June Cost A Cost B Cost c Units sold $16,380 $55,440 $37,380 42,000 units July $21,560 $89,080 $37,380 68,000 units Which of the above costs would be classified as a mixed cost? O Cost A O Cost B O Costc Both Cost A and Cost B are mixed costs all of the above costs are mixed costs none of the above costs are mixed costs
Question 47 (2.73 points) Select cost information for Seacrest Enterprises is as follows: 1,000 units of output Total Cost/Unit Direct materials $5,000 $ 5.00 Utilities expense $1,000 $ 1.00 Rent expense $4,000 $4.00 Based on this information: 5,000 units of output Total Cost/Unit $25,000 $5.00 $3.750 $ 0.75 $4,000 $ 0.80 O A ) Both direct materials and utilities expense are mixed costs. B) Utilities expense is a mixed cost and rent expense is a variable cost. C) Direct materials...
Ayers, Inc. has the following cost data for Product X (Click on the icon to view the data) Calculate the unit product cost using absorption costing and variable costing when production is 600 units, 1,000 units, and 1.200 units Select the labels and enter the amounts to compute the unit product cost using absorption costing (if a box is not used in the table, leave the box empty, do not select a label or enter a zero) 600 units 1,000...
Wu Company incurred 540,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume increases to 5,000 units, the total cost per unit will be Multiple Choice $18.00 O $20.00 $20 50 Wu Company incurred $103.600 of fixed cost and $118,400 of variable cost when 3,200 units of product were made and sold. if the company's volume increases to 3.700 units, the total cost per unit will be: Multiple...
QUESTION 3 a) Explain FOUR uses of the cost volume analysis in a company. [8 marks) b) Lizzy Fabrics produces wedding garments. Financial data for its next quarter's operations are given below: Planned output 1,000 units Selling price per unit GH€ 400 Variable cost per unit GH¢325 Fixed costs GH45,000 units sold SP X 03-04/08/17 UNIVERSITY OF CAPE COAST COLLEGE OF DISTANCE E. UGATION EXAMINATIONS ONIT Required: 13 marks) i. What is Lizzy Fabrics breakeven point in units? 13 marks...
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