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Silver Products has presented the following information for the past eight months operations: Units Month April...
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: Direct materials $ 82,000 Direct labor $ 41,500 Variable manufacturing overhead $ 20,200 Fixed manufacturing overhead 31,900 Total manufacturing overhead $ 52,100 Variable selling expense $ 14,600 Fixed selling expense 23,200 Total selling expense $ 37,800 Variable administrative expense $ 5,300 Fixed administrative expense 27,600 Total administrative expense $ 32,900 Required: 1. With respect to cost classifications...
Handy’s Hats makes the world’s best hats. Information for the last eight months follows: Month Number...
Handy’s Hats makes the world’s best hats. Information for the last eight months follows: Month Number of Hats Produced Total Cost January 6,750 $11,300 February 5,540 10,200 March 6,250 10,900 April 3,500 7,100 May 8,500 12,100 June 3,950 8,200 July 3,900 8,100 August 4,690 9,350 Using the high-low method, calculate the total fixed cost per month and the variable cost per hat. (Round your "Variable Cost per Unit" answer to 3 decimal places.) Variable Cost per Unit Fixed Cost
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...
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...
plzzz help Dozier Company produced and sold 1,000 units during its first month of operations. It...
plzzz 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...
The following information is available for a company's maintenance cost over the last seven months. Maintenance...
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
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...
3. Variable Costing Income Statement On April 30, the end of the first month of operations,...
3. Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept: Joplin Company Absorption Costing Income Statement For the Month Ended April 30 Sales (6,400 units) $198,400 Cost of goods sold: Cost of goods manufactured (7,500 units) $165,000 Inventory, April 30 (1,100 units) (24,200) Total cost of goods sold (140,800) Gross profit $57,600 Selling and administrative expenses (33,520) Operating income $24,080 If...
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 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 $ 86,000 $ 43,500 $ 21,800 33,100 $ 54,900 ş 15,400 24,800 $40,200 s5,700 28,400 34,100 Required: 1. With respect to cost classifications for preparing financial...
Silver Company manufactures kites and has the following information available for the month of April: Work...
Silver Company manufactures kites and has the following
information available for the month of April:
Work in process, April 1
(100% complete for materials, 40% for conversion)
44,000
units
Direct materials
$
72,000
Conversion cost
$
102,000
Number of units started
150,000
units
April costs
Direct materials
$
218,000
Conversion cost
$
328,000
Work in process, April 30
(100% complete for materials, 20% for conversion)
76,000
units
Required:
Using the weighted-average method, complete each of the
following steps:
2. Calculate...
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...
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...
plzzz 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...
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
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 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 $ 86,000 $ 43,500 $ 21,800 33,100 $ 54,900 ş 15,400 24,800 $40,200 s5,700 28,400 34,100 Required: 1. With respect to cost classifications for preparing financial...
Silver Company manufactures kites and has the following
information available for the month of April:
Work in process, April 1
(100% complete for materials, 40% for conversion)
44,000
units
Direct materials
$
72,000
Conversion cost
$
102,000
Number of units started
150,000
units
April costs
Direct materials
$
218,000
Conversion cost
$
328,000
Work in process, April 30
(100% complete for materials, 20% for conversion)
76,000
units
Required:
Using the weighted-average method, complete each of the
following steps:
2. Calculate...
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