60.000 units$75,000$120,000$65,00090,000 units$75,000$180,000$80,000$335,000Cost ACost BCost C$260,000Total CostscostCost C is aО А. fixedО В. mixedO C. variableO D. sunk

Variable cost is the cost that changes with the change in production levels. It is directly…

Answered: 60.000 units $75,000 $120,000 $65,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q1) Total costs are $140 000 when 10 000 units are made. Of this amount, variable costs are $4 per unit. What are the total costs when 8000 units are produced? A. $140 000B. $136 000C. $132 000D. $124 000
Choose the correct answers . D.Materials ( 150 000 )$. D.Wages ( 250 000 )$. D.Expencess ( 150 000 )$. Ind.Expencess ( 125000 )$. Marketing cost ( v. ) ( 75000 )$. Ind.Marketing ( f. ) ( 85000 )$.?. Production cost ( using total cost ) . * ( 675000)$ (- 670000)$. ( another option ). ( 835000 )$
19. How much is the total distribution (selling) costs? a. 48,000 b. 56,000 C. 64,000 d. 108,000 20. How much is the total administrative expenses? a. 24,000 b. 132,000 C. 226,000 d. 668,000
5. Calculate the direct material from the following information: Direct expenses RO 90,000, Direct labor RO 20,000, manufacturing overheads RO 30,000 and prime cost RO 170,000. a.RO 21,000 b.RO18,000 c.RO 60,000 d.RO 20,000 6. Which of the following are used for calculating economic order frequency? i. Total annual consumption ii. No of order per year iii. Buying cost per order iv. 365 days a.i and ii b.ii and iv c.iii and iv d.i and iv
Cash 72000 Ending WIP 54000 Beginning WIP 85000 DM used 40000 DL used 61000 Factory overhead 50000 What will be the total manufacturing cost?Required to answer. Single choice.
QUESTION 6 Eric Clothing Limited’s annual demand for materials X is 50 000 units, and the ordering cost is P10 000 per order and each unit costs P3 000. The estimated cost of holding unit of stock is 15% of the purchase cost.Required:a. Calculate the economic order quantity (EOQ) and; b. Calculate the total annual costs of material X.
Q7. c) Contribution statement for komfwe dry cleaning Ltd Product A(ZMW) Product B(ZMW) Unit budgeted 1000 1000 Sales 1000 500 Variable costs 600 300 Contribution 400 200 Fixed costs 200 200 Profit 100 - Calculate i) Break-even point for each product ii) Contribution ratio for each product iii) Can you close product B and why? Explain
N3 nit Sales Price: $100 Unit Buying Price: $ 34 Unit Sales Premium: $ 6 Annual Rent Cost: $150.000 Annual Salaries: $350.000 Annual Advertisement Cost: $100.000 Calculate the break-even point activity and break-even point sales in dollars
Total Product J Product K Direct material cost $700,000.00 $400,000.00 $300,000.00 Overhead cost $280,000.00 $160,000.00 $120,000.00 Selling & Administrative $140,000.00 $80,000.00 $60,000.00 Full Cost $1,120,000.00 $640,000.00 $480,000.00 Profit (25% of full cost) $280,000.00 $160,000.00 $120,000.00 Sales $1,400,000.00 $800,000.00 $600,000.00 Selling price per unit $80.00 $60.00 Using the prices calculated above, how much profit would result if the sales were 5,000 units of J and 15,000 units of K instead of 10,000 units of each?
23. FGM Limited produces nail brushes for domestic use. It sells 80,000 in a year. Raw materials cost P0.15 per brush and other variable cost per year P48,000. Fixed costs amount to P60,000. What is the total cost per unit. P0.75 P1.35 P1.50 P1.00
(e) Product Blue Product Red £ £Selling £12.00 £24.00Variable cost £ 4.00 £ 8.00Contribution margin £ 8.00 £16.00Fixed costs apportioned £200,000 £400,000Budgeted Sales Units 140,000 60,000Required:Calculate the breakeven points, for each product and the company as a wholeand comment on your findings
RDWMNE769 Corp. sells a single product. Selling price per unit $12 Variable expense per unit $2.00 Current Sales in units 16,000 RDWMNE769's current net operating income is equal to 0.31 of current sales. Q. What is RDWMNE769's fixed cost? A. $

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60.000 units $75,000 $120,000 $65,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost A Cost B Cost C $260,000 Total Costs cost Cost C is a О А. fixed О В. mixed O C. variable O D. sunk