Homework Answers
Relevant range should be closer to company's normal operating activity.
From the give option, 500 - 560 range is close to normal operating activity of 550 units
500 - 560 units
2nd Option
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A company's normal operating activity is to produce 550 units per month. During its first two...
A company's normal operating activity is to produce 570 units per month. During its first two...
A company's normal operating activity is to produce 570 units per month. During its first two months of operations, it produced 135 units per month. Following a great article about the product, product spiked to 2,300 units per month, but the spike only lasted for one month. Which of the following best approximates the company's relevant range? Multiple Choice 520 - 580 units 135 - 2,300 units 570 - 2,300 units 135, 570, or 2,300 units
inte mo come bit all Bill fill de little mm m . .. ... A company's...
inte mo come bit all Bill fill de little mm m . .. ... A company's normal operating activity is to produce 820 units per month. During its first two months of operations, it produced 185 units per month. Following a great article about the product, product spiked to 2,800 units per month, but the spike only lasted for one month. Which of the following best approximates the company's relevant range? . . bon Multiple Choice o 185 - 2,800...
Eley Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 40,000 units per month is as follows:
Eley Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 40,000 units per month is as follows: Direct Materials$42.60Direct Labour$8.10Variable Manufacturing Overhead$1.10Fixed Manufacturing Overhead$17.30Variable Selling & Administrative Expense$1.8Fixed Selling & Administrative Expense$8.00The normal selling price of the product is $86.10 per unit. An order has been received from an overseas customer for 2,000 units to be delivered this month at a special discounted price. This order would...
Julison Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 60,000 units per month is as follows:
Julison Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 60,000 units per month is as follows: The normal selling price of the product is $79.80 per unit. An order has been received from an overseas customer for 2.000 units to be delivered this month at a special discounted price. This order would have no effect on the company's normal sales and would not change the...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of producing and selling one unit of the company's only product are as follows: 01:06 14 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 35.00 $6.00 $1.00 $9.00 $3.00 $4.00 Print The normal selling price is $26 per unit. An order has been received from a potential customer overseas for 4,000 units at...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and...
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 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 $5.95 $3.30 $1.60 $3.00 $0.50 $0.40 $1.50 $0.50 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: Multiple Choice...
Petrus Framing's cost formula for its supplies cost is $1760 per month plus $10 per frame....
Petrus Framing's cost formula for its supplies cost is $1760 per month plus $10 per frame. For the month of March, the company planned for activity of 616 frames, but the actual level of activity was 624 frames. The actual supplies cost for the month was $8,420. The activity variance for supplies cost in March would be closest to: Multiple Choice $500 F $500 U $80 F $80 U Depasquale Corporation is working on its direct labor budget for the...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs to produce its current sales of 104,000 units follow. The regular selling price of the product is $130 per unit. Management is approached by a new customer who wants to purchase 26,000 units of the product for $78.30 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
inte mo come bit all Bill fill de little mm m . .. ... A company's normal operating activity is to produce 820 units per month. During its first two months of operations, it produced 185 units per month. Following a great article about the product, product spiked to 2,800 units per month, but the spike only lasted for one month. Which of the following best approximates the company's relevant range? . . bon Multiple Choice o 185 - 2,800...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of producing and selling one unit of the company's only product are as follows: 01:06 14 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 35.00 $6.00 $1.00 $9.00 $3.00 $4.00 Print The normal selling price is $26 per unit. An order has been received from a potential customer overseas for 4,000 units at...
Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Fixed selling and administrative expense Per Unit $240 $ 85 $ 60 $ 10 $ 11 $ 2 $ 250,000 If the company's unit product cost under absorption costing is $194, then what is the amount of fixed manufacturing overhead...
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 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 $5.95 $3.30 $1.60 $3.00 $0.50 $0.40 $1.50 $0.50 For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to: Multiple Choice...
Petrus Framing's cost formula for its supplies cost is $1760 per month plus $10 per frame. For the month of March, the company planned for activity of 616 frames, but the actual level of activity was 624 frames. The actual supplies cost for the month was $8,420. The activity variance for supplies cost in March would be closest to: Multiple Choice $500 F $500 U $80 F $80 U Depasquale Corporation is working on its direct labor budget for the...
Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs to produce its current sales of 104,000 units follow. The regular selling price of the product is $130 per unit. Management is approached by a new customer who wants to purchase 26,000 units of the product for $78.30 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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