ZuoTi.Pro
Question

At current sales volume of 100 units, fixed costs (FC) are $3 per unit and variable costs (VC) are $7 per unit. a) Compute total fixed costs at current sales volume. total FC b) Suppose that sales volume increases to 125 units. At this new volume, total FC FC per unit VC per unit = total VC- c) Write down the total cost equation: *volume (e.g., if TC 500+2*volume, enter 500 in the first box and 2 in the second box) Predict total costs at sales volume of 80 units: Predict total costs at sales volume of 120 units: d) When sales volume increases by 1 unit, total costs O increase by unit VC = $7 increase by unit FC $3 increase by unit cost- $10 O not enough information

=========================

MANAGERIAL ACCOUNTING QUESTIONS

Please answer ALL in DETAILS to get upvote

Thanks!!!

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

-$300 b)Tota/ Fined Cost 300 Ftxed Cost per uwit - Total fixed Cost Sales volume increazy 도 300 kTotol vartable Cost - vaviabl cost per unit x saly vdluume ina Salg volume a 80 unit: 누300+n x80 860 Saly volumme ot 12o uni : I4O

0 0
Add a comment
Know the answer?
Add Answer to:
========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! At current sales...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 4: Cost...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 4: Cost structure estimation Fixed or variable? OF OV OF OV Cost account direct labor direct materials depreciation rent administrative staff salaries Production volume was 200 units Amount $4,000 $6,000 $6,000 $7,000 $7,000 OF OV a) Which cost structure estimation method should we use? O high-low method O account classification method b) Classify each cost account above as fixed or variable. Enter your answers in the...

  • uestIO At current sales volume of 100 units, fixed costs (FC) are $5 per unit and...

    uestIO At current sales volume of 100 units, fixed costs (FC) are $5 per unit and variable costs (VC) are $10 per unit a) Compute total fixed costs at current sales volume. total FC- b) Suppose that sales volume increases to 125 units. At this new volume, total FC FC per unit - VC per unit total VC- c) Write down the total cost equation: TC- (e.g., if TC 500+2*volume, enter 500 in the first box and 2 in the...

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 5: Cost...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 5: Cost structure estimation activity volume month Oct Nov Dec in units 80 75 100 total costs $4,085 $4,250 $5,000 a) Which cost structure estimation method should we use? O account classification method O high-low method b) To identify the low and high points, we should look for O lowest/highest costs O lowest/highest activity c) Estimate the cost structure parameters: total FC unit VC Write down...

  • Question 3: Computations for fixed and variable costs At current sales volume of 100 units, fixed...

    Question 3: Computations for fixed and variable costs At current sales volume of 100 units, fixed costs (FC) are $4 per unit and variable costs (VC) are $8 per unit. a) Compute total fixed costs at current sales volume. total FC400 b) Suppose that sales volume increases to 125 units. At this new volume, total FC FC per uni VC per unit = total VC Enter a number c) Write down the total cost equation: * volume (e.g., if TC...

  • ================== MANAGERIAL ACCOUNTING PROBLEMS Please answer ALL IN DETAILS to get UPVOTE Thanks QuestionPricing decisions Total...

    ================== MANAGERIAL ACCOUNTING PROBLEMS Please answer ALL IN DETAILS to get UPVOTE Thanks QuestionPricing decisions Total fixed costs are $25,000. Unit variable cost is $20. At current selling price of $50, you sell 1,000 units per month. If you reduce the price by 10%, sale volume will increase to 1,300 units. Compute profit at the original price: Compute profit at the reduced price: Should you reduce the price? NO, because a lower price always reduces profit O YES, because revenue...

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! You operate a...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! You operate a lemonade stand. The wholesale cost of lemonade is $0.50 per unit. The cost of rent for the stand is $30 per day. You need to choose your pricing and advertising strategy. You are considering three alternatives: A: If you set the selling price to $1.50 per unit and spend $0 on advertising, you will sell 160 units per day. B: If you reduce the...

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Classify the following...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Classify the following items as variable (V), fixed (F), or mixed (M): Rent for the factory building VOF OM Depreciation on production equipment VOF M Production managers' salariesV OF OM Production workers' wages v OF M Cost of materials used in production Ov OF M Fire insurance for the plant Ov OF OM Sales commissions (3% of sales) O V O F O M Sales managers' ales...

  • can someone explain why this is the case? MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 2 GIVEN:...

    can someone explain why this is the case? MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 2 GIVEN: VARIABLE COST/UNIT FIXED COSTS/UNIT UNITS 22,500 FIXED COSTS INCREASE BY 25% AT 23,000 UNITS REQUIRED: TOTAL COST PER/UNIT AT 25,000 UNITS 15.00 4.50 19.50 REQUIRED: TOTAL COST PER/UNIT AT 30,000 UNITS ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER VC/UNIT FC/UNIT TC/UNIT ANSWER 600,000 15.00 3.75 18.75 REQUIRED: TOTAL COSTS AT 32,500 UNITS

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 1: Product...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 1: Product and period costs a) In a manufacturing firm, product costs include O all fixed costs O al variable costs O all manufacturing costs O all non-manufacturing costs all GAAP costs period costs include O all manufacturing costs O all fixed costs O all non-manufacturing costs O all non-GAAP costs O all variable costs b) Classify the following items as product or period costs: Rent...

  • ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 2: Cost...

    ========================= MANAGERIAL ACCOUNTING QUESTIONS Please answer ALL in DETAILS to get upvote Thanks!!! Question 2: Cost flows,income statement You own a store. Beginning inventory on January 1 was $2,000. Ending inventory on December 31 was $4,500. You purchased $21,000 of new merchandise during the year. Sales revenue for the year was $41,000. Selling, general, and administrative (SG&A) costs for the year were $4,000. a) Compute the cost of goods sold (COGS) for the year. b) Prepare the income statement for...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT