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8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q.What are the profits of the monopoly in equilibrium? A. $225B. $120C. $345D. None of the statements associated with this question are correct
Hospital for Homeless has the following cost structure: Variable Cost Fixed Costs Personnel $175 Rent $100,000...
Hospital for Homeless has the following cost structure: Variable Cost Fixed Costs Personnel $175 Rent $100,000 Supplies $20 Administration $140,000 Laundry $30 Other $60,000 Other $50 Total Fixed Costs $300,000 Total VC/Patient $275 Question 1: What are fixed, variable, total, and average costs per patient for volumes of 100, 500, 1,500, 2,500, and 3,000? Question 2: Create a graph for each of the previously mention costs. Cost should be on vertical axis and number of patient on horizontal. Question 3:...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains constant on a per-unit basis c. Remains constant in total d. Decreases in total e. None of the above 8. The predetermined overhead rate is developed from a. Forecast cost and forecast activity b. Forecast cost and actual activity c. Actual cost and forecast activity d. Actual cost and actual activity e. None of the above 9. Which of the following would not be...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains constant on a per-unit basis c. Remains constant in total d. Decreases in total e. None of the above 8. The predetermined overhead rate is developed from a. Forecast cost and forecast activity b. Forecast cost and actual activity c. Actual cost and forecast activity d. Actual cost and actual activity e. None of the above 9. Which of the following would not be...
ABC company has budgeted the following cost of goods sold January Sales (on Income statement) CGS...
ABC company has budgeted the following cost of goods sold January Sales (on Income statement) CGS $60,000 If the cost of goods sold is equal to 60 % of sales and the selling price is $10 per unit what are the budgeted sales in dollars and units for each month? Select one: $100,000 and 10,000 units none of these answers is correct $60,000 and 6,000 units $150,000 and 15,000 units ABC company has budgeted the following sales. January February Sales(on...
Marge Manufacturing has the following information available for the month: • Budgeted production is 400,000 units...
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
3. The management of Soup-to-Nuts, Inc. is considering an advertising campaign that will cost $30 000 per year and...
3. The management of Soup-to-Nuts, Inc. is considering an advertising campaign that will cost $30 000 per year and estimated to increase revenue by 30% from break-even sales of $500,000. If variable costs are $35 per unit, and fixed costs are $150,000 excluding the advertising campaign, which of the following is FALSE? a. The break-even point increases by twenty percent. b. Profit increases by $15,000. c. The degree of operating leverage is 12.0 after the advertising campaign. d. Two of...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...
Hospital for Homeless has the following cost structure: Variable Cost Fixed Costs Personnel $175 Rent $100,000 Supplies $20 Administration $140,000 Laundry $30 Other $60,000 Other $50 Total Fixed Costs $300,000 Total VC/Patient $275 Question 1: What are fixed, variable, total, and average costs per patient for volumes of 100, 500, 1,500, 2,500, and 3,000? Question 2: Create a graph for each of the previously mention costs. Cost should be on vertical axis and number of patient on horizontal. Question 3:...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains constant on a per-unit basis c. Remains constant in total d. Decreases in total e. None of the above 8. The predetermined overhead rate is developed from a. Forecast cost and forecast activity b. Forecast cost and actual activity c. Actual cost and forecast activity d. Actual cost and actual activity e. None of the above 9. Which of the following would not be...
7. As production volume increases, a variable cost a. Increases on a per-unit basis b. Remains constant on a per-unit basis c. Remains constant in total d. Decreases in total e. None of the above 8. The predetermined overhead rate is developed from a. Forecast cost and forecast activity b. Forecast cost and actual activity c. Actual cost and forecast activity d. Actual cost and actual activity e. None of the above 9. Which of the following would not be...
ABC company has budgeted the following cost of goods sold January Sales (on Income statement) CGS $60,000 If the cost of goods sold is equal to 60 % of sales and the selling price is $10 per unit what are the budgeted sales in dollars and units for each month? Select one: $100,000 and 10,000 units none of these answers is correct $60,000 and 6,000 units $150,000 and 15,000 units ABC company has budgeted the following sales. January February Sales(on...
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
3. The management of Soup-to-Nuts, Inc. is considering an advertising campaign that will cost $30 000 per year and estimated to increase revenue by 30% from break-even sales of $500,000. If variable costs are $35 per unit, and fixed costs are $150,000 excluding the advertising campaign, which of the following is FALSE? a. The break-even point increases by twenty percent. b. Profit increases by $15,000. c. The degree of operating leverage is 12.0 after the advertising campaign. d. Two of...
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