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2. Quality Company incurred the following costs. Units Sold a. c. 90 72 e. 50 100...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60 36.00$18.0012.00 $ 9.00 $ 7.20 120.00140.00 160.00 1.00 480.00 480.00 480.00480.00 480.00 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of...
Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were...
Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were as follows: Direct materials $1.00 per unit Direct labor $1.50 per unit Variable manufacturing overhead $.50 per unit Fixed manufacturing overhead total $20,000 Variable selling expense $.80 per unit Fixed administrative expense total $17,000 There was no beginning inventory. Determine cost of goods sold using the absorption-costing approach. Group of answer choices
Identify each of these costs as fixed, variable, or mixed. based on how the costs increase...
Identify each of these costs as fixed, variable, or mixed.
based on how the costs increase or decrease for each problem.
Not each individual cost. Go line by line. Im not sure if this
answers your question.
Based on the increase or decrease on each line. Like go line by
line and determine as the prices change or doesnt change if the
cost would be considered fixed, variable, or mixed. Im not sure if
that answers your question
50 250...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTA...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
Cost data Number of Bikes Produced and Sold 625 800 1,050 Total costs: Total variable costs...
Cost data Number of Bikes Produced and Sold 625 800 1,050 Total costs: Total variable costs Total fixed costs 125000 Total costs Cost per unit: Variable cost per unit Fixed cost per unit Total cost per unit 543.75 $650.00 Bikes produced and sold: Total revenue Variable costs Contribution margin Fixed costs Net operating income Selling price Contribution margin ratio (MC Total revenue) Net operating income / Total revenue
1. if 9,000 units are sold, what is the variable cost per unit sold? 2. if...
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs 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...
For the Three Months Ended September 30 July Sales in units Sales Cost of goods sold...
For the Three Months Ended September 30 July Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses: 9,000 9,500 10,600 $1,05e,00e 630,000 420,000 - 945,000 567,006 378,000 $ 997,500 598,500 399,000 Advertising expense Shipping expense Salaries and commissions Insurance expense Depreciation expense 30,800 130,000 165,000 10,950 17,300 354,850 23,95e 30, 800 136,000 173,000 10,950 17,300 368,050 30,800 142,000 181,000 10,950 17,300 382,850 37,950 1 Total selling and administrative expenses Net operating income 30,950 Required: 1....
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...
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 5,000 $10,000 30,000 20,000 $60,000 During October, the activity level was 8,000 units, and the total costs incurred were $70,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October October...
The ABC Company recently sold 2,000 units during their last month of operations. The following costs...
The ABC Company recently sold 2,000 units during their last month of operations. The following costs were accumulated during the past month: $138,000 $70,000 $30,000 $56,000 $86,000 Item 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 $24,000 $36,000 $60,000 $8,000 $50,000 $58,000 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the...
At the various activity levels shown, Harper Company incurred the following costs: 20111 100 40 60 36.00$18.0012.00 $ 9.00 $ 7.20 120.00140.00 160.00 1.00 480.00 480.00 480.00480.00 480.00 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of...
Identify each of these costs as fixed, variable, or mixed.
based on how the costs increase or decrease for each problem.
Not each individual cost. Go line by line. Im not sure if this
answers your question.
Based on the increase or decrease on each line. Like go line by
line and determine as the prices change or doesnt change if the
cost would be considered fixed, variable, or mixed. Im not sure if
that answers your question
50 250...
UNITS PRODUCED AND SOLD 50,000 100,000 200,000 TOTAL COSTS VARIABLE COSTS FIXED COSTS 50,000 TOTAL COSTS COST PER UNIT VARIABLE COST FIXED COST 50.25 TOTAL COST PER UNIT ASSUME THE COMPANY SELLS 200,000 UNITS FOR S1/UNIT PREPARE A CONTRIBUTION FORMAT INCOME STATEMENT 1 cost behavior patterns include: (aj variable costs (b)fixed costs (c) mixed costs (d) all of the above 2 fixed costs: (a) remain the same in total (b) vary per unit (c) remain constant per unit (d) vary...
Cost data Number of Bikes Produced and Sold 625 800 1,050 Total costs: Total variable costs Total fixed costs 125000 Total costs Cost per unit: Variable cost per unit Fixed cost per unit Total cost per unit 543.75 $650.00 Bikes produced and sold: Total revenue Variable costs Contribution margin Fixed costs Net operating income Selling price Contribution margin ratio (MC Total revenue) Net operating income / Total revenue
1. if 9,000 units are sold, what is the variable cost per unit
sold?
2. if 9,000 units are sold what is the total amount of
variable costs related to the units sold?
Martinez Company's relevant range of production is 8.500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs 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...
For the Three Months Ended September 30 July Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses: 9,000 9,500 10,600 $1,05e,00e 630,000 420,000 - 945,000 567,006 378,000 $ 997,500 598,500 399,000 Advertising expense Shipping expense Salaries and commissions Insurance expense Depreciation expense 30,800 130,000 165,000 10,950 17,300 354,850 23,95e 30, 800 136,000 173,000 10,950 17,300 368,050 30,800 142,000 181,000 10,950 17,300 382,850 37,950 1 Total selling and administrative expenses Net operating income 30,950 Required: 1....
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...
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 5,000 $10,000 30,000 20,000 $60,000 During October, the activity level was 8,000 units, and the total costs incurred were $70,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October October...
The ABC Company recently sold 2,000 units during their last month of operations. The following costs were accumulated during the past month: $138,000 $70,000 $30,000 $56,000 $86,000 Item 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 $24,000 $36,000 $60,000 $8,000 $50,000 $58,000 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the...
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