A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If...
A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total fixed costs equal $________.
Homework Answers
The answer is $250,000
A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total fixed costs equal $250,000.
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A business incurs the following costs per unit: Labor $125/unit;
Materials $45/unit and rent $250,000/month. If...
1) 2) 3) A business incurs the following costs: Labor: $160/unit Materials: $40/unit Rent: $400,000/month Assume...
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A business incurs the following costs: Labor: $160/unit Materials: $40/unit Rent: $400,000/month Assume the firm produces 3 million units per month. The total variable cost, per month, is$ million. The total fixed cost, per month, is $ million The total cost is $ million. A local coffee shop is hoping to make use of its excess restaurant capacity in the evenings by experimenting with selling beer and wine. It speculates that the only additional costs are hiring...
Bender's skateboards have the following manufacturing expenses: Direct Materials: $10/unit Direct Labor: $8/unit Rent: $10,000/month Depreciation:...
Bender's skateboards have the following manufacturing expenses: Direct Materials: $10/unit Direct Labor: $8/unit Rent: $10,000/month Depreciation: $5,000/month Insurance: $1,000/month If Bender's skateboards produces 2,000 skateboards in the month, what is the total cost per skateboard for the month? Group of answer choices $26 $18 $8 $16,000
26) ABT, Inc., has the following budgeted variable costs per unit produced: Direct Materials $ 0.25...
26) ABT, Inc., has the following budgeted variable costs per unit produced: Direct Materials $ 0.25 Direct Labor 0.22 Variable Overhead: Supplies 0.04 Indirect Labor 0.06 Power 0.02 Budgeted fixed overhead costs per quarter include supervision of $100,000, depreciation of $200,000, and rent of $20,000. Prepare a flexible budget for all costs of production for the following levels of production: 2,400,000 units, 3,000,000 units, and 3,600,000 units. FLEXIBLE BUDGET ABT INC PER UNIT 2,400,000 3,000,000 3,600,000 come up with the...
A firm is reviewing a project with a labor cost of $18.90 per unit, raw materials...
A firm is reviewing a project with a labor cost of $18.90 per unit, raw materials cost of $21.63 a unit, and fixed costs of $8,000 a month. Sales are projected at 7.200 units total for the 3-year life of the project. What are the total variable costs per year? $106,300 $99,300 $97,272 $103,300 $109,300
Manufacturing Cost Budget Hubert Products produces a product with the following st Unit Costs: Direct materials: Wo...
Manufacturing Cost Budget Hubert Products produces a product with the following st Unit Costs: Direct materials: Wood: 11 square feet at $25 $275 Hardware kits (screws, etc) 15 $ 290 Direct labor 0.5 hours at $36 per hour Variable overhead, per unit Total variable costs per unit $ 318 Fixed costs per month (rent, utilities, supervision) $75,000 Management plans to produce 9,000 units in April 2017. Prepared a manufacturing cost budget for April 2017. Hubert Products Manufacturing Cost Budget From...
Determining fixed cost per unit Tameron Corporation incurs the following annual fixed production costs: Item Cost...
Determining fixed cost per unit Tameron Corporation incurs the following annual fixed production costs: Item Cost Insurance cost Patent amortization cost Depreciation cost Property tax cost $ 26,000 400,000 160,000 14,000 Required Determine the total fixed production cost per unit if Tameron produces 10,000, 20,000, or 50,000 units.
Variable costs per unit are as follows: Raw materials: $2.15 Direct labour: $1.45 Fixed costs are...
Variable costs per unit are as follows: Raw materials: $2.15 Direct labour: $1.45 Fixed costs are $5,000 per month. If the company produces 4,000 units in the month of March, Calculate its total costs.
anufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs...
anufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 20 per unit Fixed $ 8,400,000 (per year) Selling and administrative costs for the year Variable $ 700,000 Fixed $ 4,250,000 Production and sales for the year Units produced 105,000 units Units sold 75,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year...
5. Facility rent is $2,000 per month, accounting services cost $2,600 per month, insurance is $1,100...
5. Facility rent is $2,000 per month, accounting services cost $2,600 per month, insurance is $1,100 per month, and utilities such as phone and electricity cost $550 per month. The manager is paid $89,000 per year, gets benefits worth $6,500 per year, and the Social Security contribution is 7.65 percent. Given this information, what is the amount of annual fixed expense that this company has to pay? 6. Given the information in problem 5, if the profit contribution after variable...
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor...
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor $2.60 per unit Variable manufacturing overhead $1.20 per unit Variable selling costs $4.40 per unit Fixed manufacturing overhead $84,000 Fixed selling costs $32,000 Fixed administrative costs $15,000 During the year, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on...
1)
2)
3)
A business incurs the following costs: Labor: $160/unit Materials: $40/unit Rent: $400,000/month Assume the firm produces 3 million units per month. The total variable cost, per month, is$ million. The total fixed cost, per month, is $ million The total cost is $ million. A local coffee shop is hoping to make use of its excess restaurant capacity in the evenings by experimenting with selling beer and wine. It speculates that the only additional costs are hiring...
A firm is reviewing a project with a labor cost of $18.90 per unit, raw materials cost of $21.63 a unit, and fixed costs of $8,000 a month. Sales are projected at 7.200 units total for the 3-year life of the project. What are the total variable costs per year? $106,300 $99,300 $97,272 $103,300 $109,300
Manufacturing Cost Budget Hubert Products produces a product with the following st Unit Costs: Direct materials: Wood: 11 square feet at $25 $275 Hardware kits (screws, etc) 15 $ 290 Direct labor 0.5 hours at $36 per hour Variable overhead, per unit Total variable costs per unit $ 318 Fixed costs per month (rent, utilities, supervision) $75,000 Management plans to produce 9,000 units in April 2017. Prepared a manufacturing cost budget for April 2017. Hubert Products Manufacturing Cost Budget From...
Determining fixed cost per unit Tameron Corporation incurs the following annual fixed production costs: Item Cost Insurance cost Patent amortization cost Depreciation cost Property tax cost $ 26,000 400,000 160,000 14,000 Required Determine the total fixed production cost per unit if Tameron produces 10,000, 20,000, or 50,000 units.
5. Facility rent is $2,000 per month, accounting services cost $2,600 per month, insurance is $1,100 per month, and utilities such as phone and electricity cost $550 per month. The manager is paid $89,000 per year, gets benefits worth $6,500 per year, and the Social Security contribution is 7.65 percent. Given this information, what is the amount of annual fixed expense that this company has to pay? 6. Given the information in problem 5, if the profit contribution after variable...
Ranger Productions experienced the following costs during the year: Direct materials $1.50 per unit Direct labor $2.60 per unit Variable manufacturing overhead $1.20 per unit Variable selling costs $4.40 per unit Fixed manufacturing overhead $84,000 Fixed selling costs $32,000 Fixed administrative costs $15,000 During the year, the company manufactured 65,000 units and sold 62,000 units. The unit cost is the same throughout the year. Beginning inventory is zero. How much will the company report as total variable product costs on...
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