Cost Item Cost at 100 units Cost at 140 units Wheat Flour P8,000 P10,560 Xerox Machine P5,000 P5,000 Yonex Racquet P6,500 P9,100 Zenphone P6,700 P8,580 Choices are: a. variable b. fixed c. mixed 12. Cost of the wheat flour 13. Cost of the Xerox machine 14. Cost of the Yonex raquet
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- Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…Waterberry Company operates a single - product entity. Data relating to the produ follows.Time left 1:07:22it ofAnnual volume 64 000 units Selling price per unit $50Variable manufacturing cost per unit14Annual fixed manufacturing costs 640 000Variable marketing and distribution costs per unit6Annual fixed non - manufacturing costs 320 000What is the total variable cost per unit of the above product?a.bC.d.$6$14520$13Selling price = $15 per unitVariable costs - variable manufacturing costs = $5 per unitvariable selling costs = $2 per unitFixed costs - Fixed manufacturing costs = 4 per unitFixed selling costs = $1 per unitActually production unit = 102000 unitsSold units = 96000 units Prepare an income statement for the year ended for the year using Absorption costing.Question September October November December Januarysales (units) 8000 12000 13000 16000 15000Direct manufacturing laborshour per unit 1.79 1.75 1.70 1.65 1.60Direct manufacturing labor rate per unit $15.75 $16.00 $16.50 $17.50 $17.50Ending inventory required is the next month sales , plus one half the following months salesThe ending inventory in august was 15000 unitsEach employee is required to contributed to Canada pension plan in the order of 4.9% of wages, this is matched by the employerWorkers compensation expenses are 1.9% of the wage totalEmployment insurance is 1.85% of wages and the employer pays 1.4 times the rate…
- ch7q39 Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.95 per pan. The variable cost per pan is as follows: Direct materials $0.22 Direct labor 0.56 Variable factory overhead 0.70 Variable selling expense 0.13 Fixed manufacturing cost totals $303,290 per year. Administrative cost (all fixed) totals $41,358. Required: 1. Compute the number of pans that must be sold for Werner to break even. pans 2. Conceptual Connection: What is the unit variable cost? What is the unit variable manufacturing cost? Round your answers to the nearest cent. Unit variable cost $ Unit variable manufacturing cost $ Which is used in cost-volume-profit analysis?Unit variable cost 3. How many pans must be sold for Werner to earn operating income of $11,524? pans 4. How much sales revenue must Werner have to earn operating income 11524$The cost and volume information below:Volume Cost 1 unit USD15 10 units USD150 100 units USD1500 What type of a cost is given?a. fixed costb. variable costc. step costd. mixed coste. rent cost. The Cape Cod Cotton Candy Company had the following information available regarding last year’s operations: Sales (100,000 units) USD200,000Variable costs USD100,000Contribution margin USD100,000Fixed costs USD50,000Net Income USD50,000 If sales were to increase by 200 units, what would be the effect on net income?a. USD400 increaseb. USD200 increasec. USD150 increased. USD100 increasee. USD200 lossXYZ Inc. manufactures a component D12, and two main products F45 and P67. The following details relate to each of these items: D12 D45 P67 Selling price ? 146 159 Material cost 10 15 26 Component D12 (bought-in price) ? 25 25 Direct labour 5 10 15 Variable overheads 6 12 18 Total variable cost per unit 21 62 84 Fixed overhead costs: P per annum P per annum P per annum Avoidable* 9,000.00 18,000.00 40,000.00 Non-avoidable 36,000.00 72,000.00 160,000.00 Total 45,000.00 90,000.00 200,000.00 * The avoidable fixed costs are product-specific fixed costs that would be avoided if the product or component were to be discontinued. 1. Assuming that the annual demand for component D12 is 5,000 units and that XYZ Inc. has sufficient capacity to make the component itself, the maximum price that should be paid to an external supplier for 5,000 components per year is 2. Assuming that component D12 is bought from an external supplier for P25.00 per unit, the number of units…
- (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 findingsYes Industries manufactures a single product using standard costing. Variableproduction costs are P13 and fixed production costs are P125,000. Yes uses anormal activity of 12,500 units to set its standard costs. Yes began the year with 1,000 units in inventory, produced 11,000 units, and sold 11,500 units. The standard cost of goods sold under absorption costing would be A. P115,000B. P149,500C. P253,000D. P264,500Question Q1Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost:Fixed Manufacturing overhead Rs 40,000Fixed Selling & Administrative Rs 60,000Selling Price per unit Rs 100Variable cost per unit:Direct Materials Rs 30Direct labor Rs 10Variable Manufacturing overhead Rs 5Variable Selling & Administrative Rs 2Units In beginning Inventory 0Units Produced 2000Units Sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing.b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.
- Q1Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost: Fixed Manufacturing overhead Rs 40,000Fixed Selling & Administrative Rs 60,000Selling Price per unit Rs 100Variable cost per unit: Direct Materials Rs 30 Direct labor Rs 10Variable Manufacturing overhead Rs 5Variable Selling & Administrative Rs 2Units In beginning Inventory 0 Units Produced 2000Units Sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing.b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per unit Direct labor $ 10.00 per hour Indirect labor $ 3.00 per hour Other variable indirect costs $ 6.00 per hour Other fixed indirect costs $ 10.00 per unit Commissions to sellers $ 4.00 per unit Variable administrative costs $ 6.00 per unit Fixed Administrative Costs $ 10.00 per unit 2. Determine the Sales Price if the company expects to earn 140% on cost (Markup of 140 on cost). .According to 3 different types of businesses;(total fixed expense 120,000)X product40 pieces, unit selling price 5000, unit variable expense 2000Y product25 units, unit selling price 1600, unit variable expense 1000Z product100 units, unit selling price 1000, unit variable expense 800 What is the breakeven point amount of the business?
