Homework Answers
| Particulars |
per unit (A) |
| Direct materials | $ 8.40 |
| Direct labor | $ 5.40 |
| Variable Manufacturing overhead | $ 2.90 |
| Sales commission | $ 2.40 |
| Variable administrative expense | $ 1.90 |
| Total variable cost | $ 21 |
| 1 & 2 | Variable Cost per units produced and Sold | $ 21 | $ 21 |
| 3 & 4 | Total amount of variable cost related to units produced and Sold |
$
504,000 ( 24,000 x $ 21 ) |
$
651,000 ( 31,000 x $ 21 ) |
| 5 & 6 | Average Fixed manufacturing cost per unit Produced |
$
7.33 ( $ 6.40 x 27,500 / 24,000 ) |
$
5.68 ( $ 6.40 x 27,500 / 31,000 ) |
| 7 & 8 | Total Amount of Fixed Manufacturing overhead |
$
176,000 ( 27,500 x $ 6.40 ) |
$
176,000 ( 27,500 x $ 6.40 ) |
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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...
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Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: Amount per Unit $ 8.40 $ 5.40 $ 2.90 $ 7.10 $ 4.90 $ 3.90 $ 2.40 $ 1.90 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. If 24,000 units are produced and sold, what is the variable cost...
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells...
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: points Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount per Unit $ 8.40 $ 5.40 $ 2.90 $ 6.40 $ 4.90 $ 3.90 $ 2.40 $ 1.90 (8 01:37:27 References Required: 1. What is the incremental manufacturing cost incurred if...
Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company’s relevant...
Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company’s relevant range of production is 23,000 to 27,500 units. When it produces and sells 25,250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.30 Direct labor $ 5.30 Variable manufacturing overhead $ 2.80 Fixed manufacturing overhead $ 6.30 Fixed selling expense $ 4.80 Fixed administrative expense $ 3.80 Sales commissions $ 2.30 Variable administrative expense $...
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Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company's relevant...
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Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee...
Exercise 1-4 Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,100 and the variable cost per cup of coffee served is $0.78. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served...
Variable administrative expense $1.90 Exercise 1-10 (Algo) Differential Costs and Sunk Costs (LO1-5) Required: 1. What is the incremental manufacturing cost incurred if the company increases production from 27,500 to 27,501 units? 2. What is the incremental cost incurred if the company increases production and sales from 27,500 to 27,501 units? 3. Assume that Kubin Company produced 27,500 units and expects to sell 27,160 of them. If a new customer unexpectedly emerges and expresses interest in buying the 340 extra...
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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...
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...
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: Amount per Unit $ 8.40 $ 5.40 $ 2.90 $ 7.10 $ 4.90 $ 3.90 $ 2.40 $ 1.90 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. If 24,000 units are produced and sold, what is the variable cost...
Kubin Company's relevant range of production is 24,000 to 31,000 units. When it produces and sells 27,500 units, its average costs per unit are as follows: points Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount per Unit $ 8.40 $ 5.40 $ 2.90 $ 6.40 $ 4.90 $ 3.90 $ 2.40 $ 1.90 (8 01:37:27 References Required: 1. What is the incremental manufacturing cost incurred if...
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Required information Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 27,500 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 27,500 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 31,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 24,000 units? (For all requirements, do...
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