Homework Answers
1. Total payroll expenses are same , i.e. $13500, at each level of units produced and sold , hence Payroll expenses are Fixed cost.
2.Total security expense are not fixed cost as it changes at each level , niether it is variable cost becuse again per unit cost is also changing at each level of production.
3.Total quality inspection expenses are variable cost because Total quality inspection cost per unit is same at each level of production.
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Use the following data to answer the next THREE questions: Units Produced and Sold 1. Payroll...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100 150 200 250 Total salary cost $ 4,400 $ 6,800 $ 9,200 $ 11,600 $ 14,000 b. Total cost of goods sold 10,000 20,000 30,000 40,000 50,000 Cost per unit for depreciation 360 180 120 d. Total rent cost 9,000 9,000 9,000 9,000 9,000 Total cost of shopping bags 10 20 30 40 50 f. Cost per unit of merchandise 100 100 100 100...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 88,000 $ 44,500 $ 22,600 33,700 $ 56,300 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,800 25,600 $ 41,400 $ 5,900 28,800 $ 34,700 Required: 1. With respect to cost classifications...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ $ 73,000 37,000 $ 16,600 29,200 $ 45,800 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 12,800 19,600 $ 32,400 $ 4,400 25,800 $ 30,200 Required: 1. With respect to cost classifications...
Cost-Volume-Profit Analysis Use the information below to answer the following questions: # of units Cost of...
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....
plzz help Dozier Company produced and sold 1,000 units during its first month of operations. It...
plzz help
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 82,000 $ 41,500 $ 20,200 31,900 $ 52,100 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 14,600 23,200 $ 37,800 $ 5,300 27,600 $ 32,900 Required: 1. With respect to...
Borbox produced and sold 1,000 units during its first month of operations. It reported the following...
Borbox produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials $ 76,000 Direct labor $ 38,500 Variable manufacturing overhead $ 17,800 Fixed manufacturing overhead 30,100 Total manufacturing overhead $ 47,900 Variable selling expense $ 13,400 Fixed selling expense 20,800 Total selling expense $ 34,200 Variable administrative expense $ 4,700 Fixed administrative expense 26,400 Total administrative expense $ 31,100 Required: 1. With respect to cost classifications for...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 69,000 $ 35,000 $ 15,000 28,000 $ 43,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 12,000 18,000 $ 30,000 $ 4,000 25,000 $ 29,000 3. With respect to cost classifications for...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 85,000 $ 43,000 $ 21,400 32,800 $ 54,200 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,200 24,400 $ 39,600 $ 5,600 28, 200 $ 33,800 Required: 1. With respect to cost...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTA...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100 150 200 250 Total salary cost $ 4,400 $ 6,800 $ 9,200 $ 11,600 $ 14,000 b. Total cost of goods sold 10,000 20,000 30,000 40,000 50,000 Cost per unit for depreciation 360 180 120 d. Total rent cost 9,000 9,000 9,000 9,000 9,000 Total cost of shopping bags 10 20 30 40 50 f. Cost per unit of merchandise 100 100 100 100...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 88,000 $ 44,500 $ 22,600 33,700 $ 56,300 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,800 25,600 $ 41,400 $ 5,900 28,800 $ 34,700 Required: 1. With respect to cost classifications...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ $ 73,000 37,000 $ 16,600 29,200 $ 45,800 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 12,800 19,600 $ 32,400 $ 4,400 25,800 $ 30,200 Required: 1. With respect to cost classifications...
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....
plzz help
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 82,000 $ 41,500 $ 20,200 31,900 $ 52,100 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 14,600 23,200 $ 37,800 $ 5,300 27,600 $ 32,900 Required: 1. With respect to...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 69,000 $ 35,000 $ 15,000 28,000 $ 43,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 12,000 18,000 $ 30,000 $ 4,000 25,000 $ 29,000 3. With respect to cost classifications for...
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $ 85,000 $ 43,000 $ 21,400 32,800 $ 54,200 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense $ 15,200 24,400 $ 39,600 $ 5,600 28, 200 $ 33,800 Required: 1. With respect to cost...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
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