3 – A2 Division of Mixed Costs into Variable and Fixed Components Molly Flutie, president of...
3 – A2 Division of Mixed Costs into Variable and Fixed Components
Molly Flutie, president of First Tool, Co., has asked for information about the cost behavior of manufacturing support costs. Specifically, she wants to know how much support cost is fixed and how much is variable. The following data are the only records available:
|
Month |
Machine Hours |
Support Costs |
|
May |
1,700 |
$ 22,000 |
|
June |
1,600 |
21,000 |
|
July |
1,500 |
19,500 |
|
August |
1,400 |
18,500 |
|
September |
1,300 |
18,000 |
- A least-square regression analysis gave the following output:
Regression equation: Y = $4,050 + 10.50X
What recommendations would you give the president based on these analyses?
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3 – A2 Division of Mixed Costs into Variable and Fixed
Components
Molly Flutie, president of...
3 – A2 Division of Mixed Costs into Variable and Fixed Components Molly Flutie, president of...
3 – A2 Division of Mixed Costs into Variable and Fixed Components Molly Flutie, president of First Tool, Co., has asked for information about the cost behavior of manufacturing support costs. Specifically, she wants to know how much support cost is fixed and how much is variable. The following data are the only records available: Month Machine Hours Support Costs May 1,700 $ 22,000 June 1,600 21,000 July 1,500 19,500 August 1,400 18,500 September 1,300 18,000...
Place an X under product, variable, fixed, and mixed costs when appropriate. If a cost is...
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
Deline and classify variable, fixed, and mixed costs. (101) С 520-1 Ronica (inmpany manufactures a single...
Deline and classify variable, fixed, and mixed costs. (101) С 520-1 Ronica (inmpany manufactures a single product. Anoual production costs incurred in the manufacturi Pinces are shown below for two levels of production: Costs Incurred Procluction 5,000 Coits 10,000 Units Direct matcrials $ 8,000 $16,000 Direct labour 9,500 19,000 Leilicies 2,000 3,300 Kent 4,000 4,000 Maintenance 8001 1,400 Supervisory salaries 1,000 1,000 Total cost S25,300 $44,700 Instructions (a) Define these terms: variable costs, fixed costs, and mixed costs. (b) Clawity...
Need help finding the fixed cost and variable cost per unit of activity of the mixed...
Need help finding the fixed cost and variable cost per unit of
activity of the mixed cost based on the regression you ran.
Specifically, based on your analysis, what is the total fixed cost,
and what is the variable cost per unit of activity
3016945096 с D E SUMMARY OUTPUT Factory Electricity Costs Machine Hours 275,200 55,150 245,000 42,250 312,000 59,900 355,000 65,650 360,000 68,232 345,220 65,000 380,556 70,120 310,120 63,000 295,412 60,100 245,500 52,250 260,340 52,150 265,210 48,300 Regression...
need help Exercise 1-9 Fixed, Variable, and Mixed Costs (L01-4) Kubin Company's relevant range of production...
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Exercise 1-9 Fixed, Variable, and Mixed Costs (L01-4) Kubin Company's relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 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 Amount per Unit $ 3.20 $ 5.20 $ 2.70 $ 6.20 $ 4.70 $ 3.79 $ 2.20 $ 1.70 Required: 1. If 22.000...
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Modelling Cost Behaviour MEW has been contracted by one of its customers to produce two new components in the next year. The management accountant has been asked to prepare costings for the two new components and is concerned that the current method of calculating the overhead cost per unit is not accurate enough. She has collected monthly information for the current year on the fixed and variable overheads incurred and on potential alternative allocation bases that can be used to...
X is under product, variable, fixed, and mixed costs. It is Selling with S or Administrative...
X is under product, variable, fixed, and mixed costs. It is
Selling with S or Administrative with A.
Each pizza sells for $10.
Determine: The contribution margin per pizza; The breakeven
sales level (in number of pizzas; The sales level (in number of
pizzas) that will generate a profit of $9,000 for next
November.
Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,897 44,564 30,549 2,586 March 3,000 34,536 April 3,492 May...
Exercise 1-9 Fixed, Variable, and Mixed Costs LO1-4 Refer to the data given in Exercise 1-7....
Exercise 1-9 Fixed, Variable, and Mixed Costs LO1-4
Refer to the data given in Exercise 1-7. Answer all questions
independently (1-8).
Chapter 1 2/04/20 (A EXERCISE 1-6 Traditional and Contribution Format Income Statements LO1-6 Cherokee Inc. is a merchandiser that provided the following information: mount 20,000 $30 $4 $2 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Lav Total fixed administrative expense Beginning merchandise inventory... Ending...
plzz help now Exercise 1-9 Fixed, Variable, and Mixed Costs (LO1-4) Kubin Company's relevant range of...
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Exercise 1-9 Fixed, Variable, and Mixed Costs (LO1-4) Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 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 Amount per Unit $ 7.50 $ 4.50 $ 2.00 $ 5.50 $ 4.00 $ 3.00 $ 1.50 $ 1.00 Required: 1. If...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24.000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the...
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
Deline and classify variable, fixed, and mixed costs. (101) С 520-1 Ronica (inmpany manufactures a single product. Anoual production costs incurred in the manufacturi Pinces are shown below for two levels of production: Costs Incurred Procluction 5,000 Coits 10,000 Units Direct matcrials $ 8,000 $16,000 Direct labour 9,500 19,000 Leilicies 2,000 3,300 Kent 4,000 4,000 Maintenance 8001 1,400 Supervisory salaries 1,000 1,000 Total cost S25,300 $44,700 Instructions (a) Define these terms: variable costs, fixed costs, and mixed costs. (b) Clawity...
Need help finding the fixed cost and variable cost per unit of
activity of the mixed cost based on the regression you ran.
Specifically, based on your analysis, what is the total fixed cost,
and what is the variable cost per unit of activity
3016945096 с D E SUMMARY OUTPUT Factory Electricity Costs Machine Hours 275,200 55,150 245,000 42,250 312,000 59,900 355,000 65,650 360,000 68,232 345,220 65,000 380,556 70,120 310,120 63,000 295,412 60,100 245,500 52,250 260,340 52,150 265,210 48,300 Regression...
need help
Exercise 1-9 Fixed, Variable, and Mixed Costs (L01-4) Kubin Company's relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 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 Amount per Unit $ 3.20 $ 5.20 $ 2.70 $ 6.20 $ 4.70 $ 3.79 $ 2.20 $ 1.70 Required: 1. If 22.000...
X is under product, variable, fixed, and mixed costs. It is
Selling with S or Administrative with A.
Each pizza sells for $10.
Determine: The contribution margin per pizza; The breakeven
sales level (in number of pizzas; The sales level (in number of
pizzas) that will generate a profit of $9,000 for next
November.
Pizzas Prepared Total Operating Costs October 5,513 $40,232 6,067 40,544 November December 6,690 7,000 January February 42,897 44,564 30,549 2,586 March 3,000 34,536 April 3,492 May...
Exercise 1-9 Fixed, Variable, and Mixed Costs LO1-4
Refer to the data given in Exercise 1-7. Answer all questions
independently (1-8).
Chapter 1 2/04/20 (A EXERCISE 1-6 Traditional and Contribution Format Income Statements LO1-6 Cherokee Inc. is a merchandiser that provided the following information: mount 20,000 $30 $4 $2 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Lav Total fixed administrative expense Beginning merchandise inventory... Ending...
plzz help now
Exercise 1-9 Fixed, Variable, and Mixed Costs (LO1-4) Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 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 Amount per Unit $ 7.50 $ 4.50 $ 2.00 $ 5.50 $ 4.00 $ 3.00 $ 1.50 $ 1.00 Required: 1. If...
Exercise 1-9 (Algo) Fixed, Variable, and Mixed Costs [LO1-4) Required: 1. If 24.000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 31,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 24.000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 31,000 units are produced and sold, what is the...
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