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VII. The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units...
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct...
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct materials $ 180,000 $ 252,000 Workers' wages 1,080,000 1,512,000 Supervisors' salaries 312,000 312,000 Equipment depreciation 151,200 151,200 Maintenance 81,600 110,400 Utilities 384,000 528,000 Total $2,188,800 $2,865,600 Required: Using the information provided above, a. calculate variable cost per unit and total fixed cost, and further identify the linear cost function equation b. estimate the total cost at 36,000 units of output.
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct...
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct materials $ 180,000 $ 252,000 Workers' wages 1,080,000 1,512,000 Supervisors' salaries 312,000 312,000 Equipment depreciation 151,200 151,200 Maintenance 81,600 110,400 Utilities 384,000 528,000 Total $2,188,800 $2,865,600 Required: Using the information provided above, a. calculate variable cost per unit and total fixed cost, and further identify the linear cost function equation b. estimate the total cost at 36,000 units of output.
Yarrawonga Company’s management accountant has collected the following information: Units of Output 30 000 Units 42...
Yarrawonga Company’s management accountant has collected the following information: Units of Output 30 000 Units 42 000 Units Direct materials $180 000 $252 000 Workers' wages 1 080 000 1 512 000 Supervisors' salaries 312 000 312 000 Equipment depreciation 151 200 151 200 Maintenance 81 600 110 400 Utilities 384 000 528 000 Total $2 188 800 $2 865 600 Required: Using the high-low method and the information provided above: a. Identify the linear cost function equation (5 marks)...
The Wi total utility costs for the past 6 months ildcat Company has provided the following data on machine the following data on machine-hours wo Month Machine-Hours Total Urility Costs $ 2,522,4...
The Wi total utility costs for the past 6 months ildcat Company has provided the following data on machine the following data on machine-hours wo Month Machine-Hours Total Urility Costs $ 2,522,400 $ 2,188,800 $3,345,500 S1,236,000 $2,865,600 $2,664,300 35,000 30,000 38,000 41,000 42,000 40,000 5 6 Estimatetheiunction for the monthly data using high-low method. (25 points) mate the total variable cost, total fixed cost, and total cost at 36,000 machine- hours. (25 points) Plot the relationship between machine-hours and uti...
The following information is provided to you: Current output amounts to 150 units and the corresponding...
The following information is provided to you: Current output amounts to 150 units and the corresponding total cost is $1500. Should production increase to 151 units, total cost would rise to $1515. Is the given data sufficient to conclude that the marginal returns is diminishing? Justify your answer. You may use graph to illustrate your and show the necessary calculation. (10 marks)
Shore Company reports the following information regarding its production cost. Units produced 42,000 units Direct labor...
Shore Company reports the following information regarding its production cost. Units produced 42,000 units Direct labor $ 37 per unit Direct materials $ 38 per unit Variable overhead $ 294,000 in total Fixed overhead $ 108,920 in total Compute product cost per unit under absorption costing.
ACCT 2301 Handout #4 Preparing an Income Statement Klyn Company provided the following information regarding its...
ACCT 2301 Handout #4 Preparing an Income Statement Klyn Company provided the following information regarding its operations for the month ending September 30, 2020: Administrative costs Depreciation on factory equipment Indirect materials Marketing and distribution costs Salanes for factory supervisors Wages for production workers Raw materials used Sales revenue Selling costs Utilities for production facilities $15,000 6,000 1,000 12,000 10,000 13,000 19.000 98,000 9,000 4,000 Number of units produced Number of unuts sold 20,000 15,000 Required: 1) Compute the firm's...
Sierra Co. has provided the following information: 25,200 units $ 36,000 $ 24,900 81,000 units Work...
Sierra Co. has provided the following information: 25,200 units $ 36,000 $ 24,900 81,000 units Work in Process: Feb 1 (100% complete for materials, 60% complete for conversion) Materials Conversion Units started February costs Materials Conversion Work in Process: Feb 28 (100% complete for materials, 20% complete for conversion) $123,000 $ 246,000 15,600 units Using the weighted average method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? Units completed...
The following information is available for Department C for the month of August: Units Cost Work...
The following information is available for Department C for the month of August: Units Cost Work in process, August 1 (70% complete) 10,000 Direct materials $36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, August 1 $78,000 Started in production during August 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 61,040 Total costs added during August $217,040 Work in process, August 31 (80% complete) 4,000 Units completed and transferred out 42,000 Materials are added...
The following information is available for Department C for the month of August: Units Cost Work...
The following information is available for Department C for the month of August: Units Cost Work in process, August 1 (70% complete) 10,000 Direct materials $ 36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, August 1 $78,000 Started in production during August 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 61,040 Total costs added during August $217,040 Work in process, August 31 (80% complete) 4,000 Units completed and transferred out 42,000 Materials are added...
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct materials $ 180,000 $ 252,000 Workers' wages 1,080,000 1,512,000 Supervisors' salaries 312,000 312,000 Equipment depreciation 151,200 151,200 Maintenance 81,600 110,400 Utilities 384,000 528,000 Total $2,188,800 $2,865,600 Required: Using the information provided above, a. calculate variable cost per unit and total fixed cost, and further identify the linear cost function equation b. estimate the total cost at 36,000 units of output.
The Wildcat Company has provided the following information: Units of Output 30,000 Units 42,000 Units Direct materials $ 180,000 $ 252,000 Workers' wages 1,080,000 1,512,000 Supervisors' salaries 312,000 312,000 Equipment depreciation 151,200 151,200 Maintenance 81,600 110,400 Utilities 384,000 528,000 Total $2,188,800 $2,865,600 Required: Using the information provided above, a. calculate variable cost per unit and total fixed cost, and further identify the linear cost function equation b. estimate the total cost at 36,000 units of output.
The Wi total utility costs for the past 6 months ildcat Company has provided the following data on machine the following data on machine-hours wo Month Machine-Hours Total Urility Costs $ 2,522,400 $ 2,188,800 $3,345,500 S1,236,000 $2,865,600 $2,664,300 35,000 30,000 38,000 41,000 42,000 40,000 5 6 Estimatetheiunction for the monthly data using high-low method. (25 points) mate the total variable cost, total fixed cost, and total cost at 36,000 machine- hours. (25 points) Plot the relationship between machine-hours and uti...
ACCT 2301 Handout #4 Preparing an Income Statement Klyn Company provided the following information regarding its operations for the month ending September 30, 2020: Administrative costs Depreciation on factory equipment Indirect materials Marketing and distribution costs Salanes for factory supervisors Wages for production workers Raw materials used Sales revenue Selling costs Utilities for production facilities $15,000 6,000 1,000 12,000 10,000 13,000 19.000 98,000 9,000 4,000 Number of units produced Number of unuts sold 20,000 15,000 Required: 1) Compute the firm's...
Sierra Co. has provided the following information: 25,200 units $ 36,000 $ 24,900 81,000 units Work in Process: Feb 1 (100% complete for materials, 60% complete for conversion) Materials Conversion Units started February costs Materials Conversion Work in Process: Feb 28 (100% complete for materials, 20% complete for conversion) $123,000 $ 246,000 15,600 units Using the weighted average method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods? Units completed...
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