. Erikson Company estimates $150,000/month for total fixed costs and the variable costs per unit are...
. Erikson Company estimates $150,000/month for total fixed costs and the variable costs per unit are estimated at $10.00.
A.) Express the total cost in a cost formula.
B.) Calculate the total cost based on the following production levels:
• 15,000 units
• 20,000 units
• 25,000 units
Homework Answers
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. Erikson Company estimates $150,000/month for total fixed costs
and the variable costs per unit are...
Air Company sells it product for $120 per unit. Estimated costs for October 2013 are as...
Air Company sells it product for $120 per unit. Estimated costs for October 2013 are as follows: Cost Variable product costs per unit $60 Variable sales commission per unit 10% of selling price Total fixed production overheads $25,000 Total fixed administrative salaries $15,000 Required: a) Calculate the contribution margin per unit (Hint – you will need to identify the company’s variable costs) b) Calculate the company’s break-even point in units and total sales dollars. c) How many units must be...
If selling price per unit is $45 variable costs per unit are 525 total fixed costs...
If selling price per unit is $45 variable costs per unit are 525 total fixed costs are $20,000, the tax rate is 40% and the company sells 8,000 units, net income is O A 591,200 O B. $.000 OC. $79200 OD. $132000
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed costs 400,000 How many units must be sold to earn a profit of $40,000? a. 20,000 b. 23,333 c. 2,000 Od. 8,500 e. 22,000
A company has $40 per unit in variable costs and $1,200,000 per year in fixed costs....
A company has $40 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 108,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price? Round to two decimal places.
Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed cost in total remains constant. Spot Woman Cleaners Inc., operates a dry cleaning service. The table below shows the cost incurred at various levels of activity. Number of Dresses Cleaned 100 300 700 Total costs: Fixed costs Variable costs A 3000 D 2.000 F3000 B_SODO $ 15,000 G 3500D c_821 E_18000 $38,000 Total costs Cost (unit) per dress cleaned: Fixed cost Variable cost Total...
Exhibit 5-7 Last month, Ellison Industries sold its product for $100 per unit. Fixed production costs...
Exhibit 5-7 Last month, Ellison Industries sold its product for $100 per unit. Fixed production costs were $50,000, and variable production costs amounted to $21 per unit. Fixed selling and administrative costs totaled $20,000, and variable selling and administrative costs amount to $3.00 per unit. Dawson produced and sold 6,000 units last month. Refer to Exhibit 5-7. Which of the following amounts represents total cost of goods sold? Group of answer choices $176,000 $126,000 $164,000 $424,000
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...
Sully Company sells 20,000 units at $12 per unit. Variable costs are $9 per unit, and...
Sully Company sells 20,000 units at $12 per unit. Variable costs are $9 per unit, and fixed costs are $25,000. Determine income from operations. $60,000 $240,000 $25,000 $35,000
If selling price per unit is $45 variable costs per unit are 525 total fixed costs are $20,000, the tax rate is 40% and the company sells 8,000 units, net income is O A 591,200 O B. $.000 OC. $79200 OD. $132000
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
A company provided the following data: Selling price per unit Variable cost per unit Total fixed costs 400,000 How many units must be sold to earn a profit of $40,000? a. 20,000 b. 23,333 c. 2,000 Od. 8,500 e. 22,000
A company has $40 per unit in variable costs and $1,200,000 per year in fixed costs. Demand is estimated to be 108,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price? Round to two decimal places.
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed cost in total remains constant. Spot Woman Cleaners Inc., operates a dry cleaning service. The table below shows the cost incurred at various levels of activity. Number of Dresses Cleaned 100 300 700 Total costs: Fixed costs Variable costs A 3000 D 2.000 F3000 B_SODO $ 15,000 G 3500D c_821 E_18000 $38,000 Total costs Cost (unit) per dress cleaned: Fixed cost Variable cost Total...
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...
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