aterials Variable labour Production overheads Variable Fixed Selling and distribution overheads Variable Fixed Total cost £ per unit 23.52 20.88 3.24 22.46 17.98 8.16 96.24 In a marginal costing system, the value of a closing inventory of 3,400 units of Alphatron will be:
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20. The following cost details relate to one unit of product Alphatron.
Variable materials Variable labour Production
Variable
Fixed
Selling and distribution overheads
Variable
Fixed Total cost
£ per unit 23.52 20.88
3.24 22.46
17.98 8.16 96.24
In a marginal costing system, the value of a closing inventory of 3,400 units of Alphatron will be:
a) £327,216
b) £238,339
c) £223,107
d) £161,976
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- Refer to Cornerstone Exercise 18.3. Required: 1. Calculate the cost of each unit using variable costing. 2. How many units remain in ending inventory? What is the cost of ending inventory using variable costing? 3. Prepare a variable-costing income statement for Pattison Products, Inc., for the month of October. 4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. a. Direct material cost per unit. b. Fees for using a patent of $500,000 plus $0.25 for each unit produced. c. Salary of quality control supervisor. d. Straight-line depreciation per unit on factory equipment. e. Total direct materials cost.Mario Company is considering discontinuing a product. The costs of the product consist of $20,000 fixed costs and $15,000 variable costs. The variable operating expenses related to the product total $4,000. What is the differential cost? A. $19,000 B. $15,000 C. $35,000 D. $39,000
- The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?The following cost details relate to one unit of product Zen. (£) Variable materialsVariable labourVariable production overheads Fixed production overhead Variable selling overhead Fixed selling overheadTotal cost 20.40 18.20 3.60 25.88 15.58 7.56 91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be? a) £288,900 b) £211,000 c) £193,000 d) £456,100
- The following cost details relate to one unit of product Alphatron.Variable materials Variable labour Production overheadsVariableFixedSelling and distribution overheadsVariableFixed Total cost£ per unit 23.52 20.883.24 22.4617.98 8.16 96.24In a marginal costing system, the value of a closing inventory of 3,400 units of Alphatron will be:a) £327,216b) £238,339c) £223,107d) £161,976The following cost details relate to one unit of product Zen. Variable materials 20.40Variable labour 18.20Variable production overheads 3.60 Fixed production overhead 25.88 Variable selling overhead 15.58 Fixed selling overhead 7.56Total cost £91.22 In a marginal costing system, what would the value of a closing inventoryof 5,000 units of product Zen be?The following cost details relate to one unit of product Zen. (£) Variable materialsVariable labourVariable production overheads Fixed production overhead Variable selling overhead Fixed selling overheadTotal cost 20.40, 18.20, 3.60 ,25.88 ,15.58 ,7.56 ,91.22 In a marginal costing system, what would the value of a closing inventory of 5,000 units of product Zen be?
- 5. By producing 4,000 units and selling 3,600 units of its only product, RNA company incurred the following costs: variable factory costs: P12; variable selling and administrative cost: P3; Fixed factory overhead: P36,000; fixed selling and administrative costs: P40,000. Assuming a beginning inventory of zero, the value of the ending inventory under absorption costing would be:Bronze Enterprise had an ending inventory of P100,000 under absorption costing. Ending inventory costs P68,000 under variable costing. Bronze produced 16,000 units and sold 15,200 units. What was fixed overhead per unit? Group of answer choices P 20 P 25 P 40 P 851. The carrying value of ending inventory under variable costing would be: _________. Present as is if higher or present it in parenthesis if it is less ex: (200) 2. Under absorption costing, the cost of goods sold would be: 3. By producing 4,000 units and selling 3,600 units of its only product, RNA company incurred the following costs: variable factory costs: P12; variable selling and administrative cost: P3; Fixed factory overhead: P36,000; fixed selling and administrative costs: P40,000. Assuming a beginning inventory of zero, the value of the ending inventory under absorption costing would be: