Homework Answers
direct material cost and direct labour cost remain unchanged with the change in the level of activity, therefore they are the fixed costs.
Fixed costs = direct material + direct labor
= 4.00 +3.00
= 7 per unit.
production overhead and selling overheads change with a chnage in the level of activity, therefore they are the variable costs.
variable cost when level of activity is 1000 units is =
production overhead + selling overhead
= 3.50 + 1.00
= 4.50
variable cost when level of activity is 2000 units is =
production overhead + selling overhead
= 2.50 + 0.50
= 3
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1. Fixed and variable cost per unit The following details relate to product S: Level of...
n taition Per Unit Direct materials $6.00 Direct labor $3.50 Variable manufacturing overhead $1.50 Fixed manufacturing...
n taition Per Unit Direct materials $6.00 Direct labor $3.50 Variable manufacturing overhead $1.50 Fixed manufacturing overhead $4.00 Fixed selling expense $3.00 Fixed administrative expense $2.00 Sales commissions $1.00 Variable administrative expense $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10.000 units? 3. If 8,000 units are sold, what is the variable...
variable cost per unit produced and sold
Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Amount per UnitDirect materials$7.00Direct labor$4.00Variable manufacturing overhead$1.50Fixed manufacturing overhead$5.00Fixed selling expense$3.50Fixed administrative expense$2.50Sales commissions$1.00Variable administrative expense$0.50 Required:1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?3. If 18,000 units are produced...
Che 10 Average Cost Per Unit Direct materials 6.00 Dirert labor Varible manufacturing 3.50 art 10...
Che 10 Average Cost Per Unit Direct materials 6.00 Dirert labor Varible manufacturing 3.50 art 10 of 13 1.50 2$ overhead Fixed manufacturing overhead Fixed selling expange Fixed administras 4.00 25 ints 3.00 %24 2.00 expense Sales commissions Variable adninistrative %24 1.00 0.50 expense elook 10. 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total faed manulacturing cost
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning...
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00
please show details. thank you Use the information below to answer the following two questions Ginger...
please show details. thank you
Use the information below to answer the following two questions Ginger Company's relevant range of production is 5.000 units to 13,000 units. When it produces and sells 10,000 units, ils average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling experie Fixed administrative expense Sales commissions Variable administrative expense Average Cost $ 4.80 S 3.50 S 1.30 S 3.00 S 2.50 S 1.00 $0.50 Molt= u...
8) If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced?...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.05 $3.50 $1.65 $11,000 $1.00 $0.40 $ 5,500 If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice o $1.80 o 0 $5.10 $5.10 o 0 $8.15 $8.15 o o $4.30 Rhome Corporation's relevant range of activity is...
1. 2. what incremental cost will martinez incur if it increases production from 10,000 to 10,001 units? 16 Martinez...
1.
2. what incremental cost will martinez incur if it increases
production from 10,000 to 10,001 units?
16 Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Part 14 of 15 per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $6.00 $3.50 $1.50 $4.00 $3.00 10...
Per unit cost Per period Cost Direct Material 3.00 Direct Labor 7.00 Variable Manufacturing Overhead 1.00...
Per unit cost Per period Cost Direct Material 3.00 Direct Labor 7.00 Variable Manufacturing Overhead 1.00 Fixed Manufacturing Overhead 40,000 Variable Selling expense 2.00 Fixed Selling expense 15,000 The Selling price per unit is $30 and the company sold 20,000 units. What is the contribution margin per unit? Answer:
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of...
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50
n taition Per Unit Direct materials $6.00 Direct labor $3.50 Variable manufacturing overhead $1.50 Fixed manufacturing overhead $4.00 Fixed selling expense $3.00 Fixed administrative expense $2.00 Sales commissions $1.00 Variable administrative expense $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10.000 units? 3. If 8,000 units are sold, what is the variable...
Che 10 Average Cost Per Unit Direct materials 6.00 Dirert labor Varible manufacturing 3.50 art 10 of 13 1.50 2$ overhead Fixed manufacturing overhead Fixed selling expange Fixed administras 4.00 25 ints 3.00 %24 2.00 expense Sales commissions Variable adninistrative %24 1.00 0.50 expense elook 10. 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? Total faed manulacturing cost
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount Per Unit $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $4.00 $1.00
please show details. thank you
Use the information below to answer the following two questions Ginger Company's relevant range of production is 5.000 units to 13,000 units. When it produces and sells 10,000 units, ils average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling experie Fixed administrative expense Sales commissions Variable administrative expense Average Cost $ 4.80 S 3.50 S 1.30 S 3.00 S 2.50 S 1.00 $0.50 Molt= u...
8) If 12,500 units are produced, what is the average fixed
manufacturing cost per unit produced?
9) If 8,000 units are produced, what is the
total amount of fixed manufacturing cost incurred to support this
level of production?
10) If 12,500 units are produced, what is the total
amount of fixed manufacturing cost incurred to support this level
of production?
11) If 8,000 units are produced, what is the total
amount of manufacturing overhead cost incurred to support this
level of production? What...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.05 $3.50 $1.65 $11,000 $1.00 $0.40 $ 5,500 If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice o $1.80 o 0 $5.10 $5.10 o 0 $8.15 $8.15 o o $4.30 Rhome Corporation's relevant range of activity is...
1.
2. what incremental cost will martinez incur if it increases
production from 10,000 to 10,001 units?
16 Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Part 14 of 15 per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $6.00 $3.50 $1.50 $4.00 $3.00 10...
Per unit cost Per period Cost Direct Material 3.00 Direct Labor 7.00 Variable Manufacturing Overhead 1.00 Fixed Manufacturing Overhead 40,000 Variable Selling expense 2.00 Fixed Selling expense 15,000 The Selling price per unit is $30 and the company sold 20,000 units. What is the contribution margin per unit? Answer:
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $6.00 $3.50 $1.50 $4.00 $3.00 $2.00 $1.00 $0.50
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