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A department of Alpha Co. incurred the following costs for the month of September. Variable costs,...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs,...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 7,600 29,800 23,940 $60,540 During October, the activity level was 7400 units, and the total costs incurred were $68,000, Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October...
please complete the entire question, try and use the same format if possible A department of...
please complete the entire question, try and use the same format if
possible
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
Exercise 1: Arden Company reported the following costs and expenses for the most recent month Amount...
Exercise 1: Arden Company reported the following costs and expenses for the most recent month Amount Per Unit $6.00 $3.50 $1.50 $400 $3.00 $2.00 $0.50 Direct materials Direct labor Variable manufacturing overhead Freed manufacturing overhead Freed selling expense. Pred administrative expense Sales commissions Variable administrative expense Required: 1. If the number of units produced and sold is 10,000 units • What is the total amount of product costs? • What is the total amount of period costs? 2 if 8,000...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units Variable costs Fixed costs Mixed costs Total costs February 10,000 $24,000 ? 20,000 $80,000 August 20,000 $ ? 36,000 ? $118,000 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 16,000 units. d. Identify the two key cost behavior assumptions made in...
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs...
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs for Nov were cost driver 5,000 10,000 Variable cost $10,000 ? Fixed cost 30,000 ? Mixed cost 20,000 ? Total cost 60,000 75,000 Group of answer choices $20,000 $25,000 $40,000 $35,000
High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two...
High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two levels of activity (within the relevant range): Low High Activity (direct labor hours) 80,000 120,000 Total manufacturing overhead $234,000 $302,000 The total overhead cost includes variable, fixed, and mixed costs. At 120,000 direct labor hours, the total cost breakdown is as follows: Variable cost $132,000 Fixed cost 80,000 Semi-mixed cost $90,000 a. Using the high-low method of cost analysis, determine the variable portion of...
The following data have been extracted from the records of Puzzle, Inc.: February August Production level,...
The following data have been
extracted from the records of Puzzle, Inc.: February August
Production level, in units 8,400 20,160 Variable costs $ 24,360 $ ?
Fixed costs ? 30,700 Mixed costs 25,884 ? Total costs $ 80,944 $
141,626
Total costs $80,944$141,626 Required: a. Calculate the missing costs. (Do not round intermediate calculations.) February August 8,400 S 24,360 Production level, in units Variable costs Fixed costs Mixed costs Total cost:s 20,160 30,700 25,884 S 80,944 $ 141,626 b. Calculate...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total $67,000. Assuming that this activity is within the relevant range, if 25,000 units are produced, then: Select one: a. total fixed costs are expected to be $37,500. b. variable cost per unit is expected to equal $2.68. c. fixed cost per unit is expected to equal $1.20. d. total cost per unit is expected to equal $3.88. Paine Company wishes to determine the fixed...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100 150 200 250 Total salary cost $ 4,400 $ 6,800 $ 9,200 $ 11,600 $ 14,000 b. Total cost of goods sold 10,000 20,000 30,000 40,000 50,000 Cost per unit for depreciation 360 180 120 d. Total rent cost 9,000 9,000 9,000 9,000 9,000 Total cost of shopping bags 10 20 30 40 50 f. Cost per unit of merchandise 100 100 100 100...
The following data have been extracted from the records of Puzzle, Inc.: a. Calculate the missing...
The following data have been extracted from the records of Puzzle, Inc.: a. Calculate the missing costs. (Do not round intermediate calculations.) February August Production level, in units 8,800 15,840 Variable costs $ 23,760 $ ? Fixed costs ? 39,500 Mixed costs 23,612 ? Total costs $ 86,872 $ 119,890 b. Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable cost" to 2 decimal places.) Cost formula = ________ + _________...
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 7,600 29,800 23,940 $60,540 During October, the activity level was 7400 units, and the total costs incurred were $68,000, Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October...
please complete the entire question, try and use the same format if
possible
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
Exercise 1: Arden Company reported the following costs and expenses for the most recent month Amount Per Unit $6.00 $3.50 $1.50 $400 $3.00 $2.00 $0.50 Direct materials Direct labor Variable manufacturing overhead Freed manufacturing overhead Freed selling expense. Pred administrative expense Sales commissions Variable administrative expense Required: 1. If the number of units produced and sold is 10,000 units • What is the total amount of product costs? • What is the total amount of period costs? 2 if 8,000...
The following data have been extracted from the records of Puzzle Inc.: Production level, in units Variable costs Fixed costs Mixed costs Total costs February 10,000 $24,000 ? 20,000 $80,000 August 20,000 $ ? 36,000 ? $118,000 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 16,000 units. d. Identify the two key cost behavior assumptions made in...
The following data have been
extracted from the records of Puzzle, Inc.: February August
Production level, in units 8,400 20,160 Variable costs $ 24,360 $ ?
Fixed costs ? 30,700 Mixed costs 25,884 ? Total costs $ 80,944 $
141,626
Total costs $80,944$141,626 Required: a. Calculate the missing costs. (Do not round intermediate calculations.) February August 8,400 S 24,360 Production level, in units Variable costs Fixed costs Mixed costs Total cost:s 20,160 30,700 25,884 S 80,944 $ 141,626 b. Calculate...
2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100 150 200 250 Total salary cost $ 4,400 $ 6,800 $ 9,200 $ 11,600 $ 14,000 b. Total cost of goods sold 10,000 20,000 30,000 40,000 50,000 Cost per unit for depreciation 360 180 120 d. Total rent cost 9,000 9,000 9,000 9,000 9,000 Total cost of shopping bags 10 20 30 40 50 f. Cost per unit of merchandise 100 100 100 100...
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