Can i have some help in answering this? 1.31:18 PMK/sacctg 2-assgn.JPGDO IT! 5-1 Helena Company reports the following total costs at two levels of production.10,000 Units$ 6,0007,00056,00044,0004,0007,00011,0005,000 Units$ 3,0007,00028,00022,0004,0005,0009,000Indirect laborProperty taxesDirect laborDirect materialsDepreciationUtilitiesMaintenanceClassify each cost as variable, fixed, or mixed.DO IT! 5-2 Westerville Company accumulates the following data concerning a mixed cost,using units produced as the activity level.Units ProducedTotal Cost$18,00016,65018,58016,20017,100MarchAprilMayJune10,0009,00010,5008,8009,500July(a) Compute the variable- and fixed-cost elements using the high-low method.(b) Estimate the total cost if the company produces 9,200 units.O

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Description: Can i have some help in answering this? 1.31:18 PMK/sacctg 2-assgn.JPGDO IT! 5-1 Helena Company reports the following total costs at two levels of production.10,000 Units$ 6,0007,00056,00044,0004,0007,00011,0005,000 Units$ 3,0007,00028,00022,0004,000

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DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units $ 3,000 7,000 28,000 22,000 4,000 5,000 9,000 10,000 Units $ 6,000 7,000 56,000 44,000 4,000 7,000 11,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance Classify each cost as variable, fixed, or mixed.

DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units $ 3,000 7,000 28,000 22,000 4,000 5,000 9,000 10,000 Units $ 6,000 7,000 56,000 44,000 4,000 7,000 11,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance Classify each cost as variable, fixed, or mixed.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 18MCQ: 2-18 Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year,...

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2-18 Use the following information for Multiple- Choice Questions 2-13 through 2-18: Last year, Barnard Company incurred the following costs: Barnard produced and sold 10,000 units at a price of 31 each. Refer to the information for Barnard Company on the previous page. Operating income is a. 34,000. b. 110,000. c. 234,000. d. 270,000. e. 74,000.
8. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL PERIOD COSTS?
6. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL MANUFACTURING (PRODUCT) COSTS?
T3-1 Variable costing income statement Following is Hartzberg's latest income statement. The company produced and sold 100,000 units during the year. Sales (100,000 units at $50) $ 5,000,000 Cost of goods sold: Direct material $1,500,000 Direct labor 800,000 Variable manufacturing overhead 300,000 Fixed manufacturing overhead 1,200,000 Total cost of goods sold 3,800,000 Gross profit 1,200,000 Selling expenses: Variable 200,000 Fixed 700,000 Total selling expenses 900,000 Operating income $ 300,000 Required Restate the income statement in contribution margin format, as if Hartzburg had used a variable costing system to report income.
3- A company, to manufacture 1,000 monthly units of a certain product, makes the following expenses: direct raw material: R$80,000.00; direct labor: $30,000.00; indirect labor: R$45,000.00 and other fixed costs: R$55,000.00. Assuming that direct raw material and direct labor are variable costs and indirect labor is fixed, the unit cost for the company to produce 2500 units is: *a) R$ 150.00b) R$ 144.00c) R$ 155.00d) R$ 160.00
1)Learned Corporation has provided the following information:Cost perUnitCost per PeriodDirect materials $ 5.00Direct labor $ 4.25Variable manufacturing overhead $ 1.85Fixed manufacturing overhead $ 35,000Sales commissions $ 0.70Variable administrative expense $ 0.60Fixed selling and administrative expense $ 9100Required:a. For financial reporting purposes, what is the total amount of product costsincurred to make 7000 units?b. For financial reporting purposes, what is the total amount of period costsincurred to sell 7000 units?c. If the selling price is $23.80 per unit, what is the contribution margin per unitsold? (Round your answer to 2 decimal places.)d. If 8000 units are produced, what is the total amount of direct manufacturingcost incurred?e. If 8000 units are produced, what is the total amount of indirect manufacturingcosts incurred?a. Total product (manufacturing) costb. Total period (manufacturing) costc. Contribution margin per unitd. Total direct manufacturing coste. Total…
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
P6-4A High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two levels of activity (within the relevant range): Low High Activity (direct labor hours) 90,000 130,000 Total manufacturing overhead $484,000 $628,000 The total overhead cost includes variable, fixed, and mixed costs. At 130,000 direct labor hours, the total cost breakdown is as follows: Variable cost $286,000 Fixed cost 85,000 Semi-mixed cost $257,000 Required a. Using the high-low method of cost analysis, determine the variable portion of the semi-variable cost per direct labor hour. Determine the total fixed cost…
Ma4 . Tord Company processes 18.100 gallons of direct materials to produce two products, Product X and Product Y Product X sells for 30 per galon and Product Y, the main product sells for $200 per gallon. The following information is for December The manufacturing costs totaled $29,000 If the byproduct inventory is recorded at NRV less profit margin of 40%, the balance sheet will report______of byproduct inventory OA. $1.575 Ob. $0 Oc. $4,000 OD. $945
T3-6 Variable versus absorption costing (LO 1, 2) Regal Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records: Sales price per unit $ 103 Direct materials per unit $ 50 Direct labor per unit $ 16 Variable overhead per unit $ 10 Fixed overhead per unit $ 23 Fixed selling costs $ 55,000 Variable selling costs $180,000 Beginning inventory 0 Units produced 100,000 Units sold 90,000 Questions a.Under absorption costing, what is Regal's operating income? b.Under variable costing, what is Regal's ending Finished Goods Inventory balance?
15.In Company D, direct labor was estimated at 68000, general administrative expenses at 55000, direct materials at 45000, and selling expenses at 59000. The company uses fifo for raw materials valuation and the tiered apportionment method. the cost of the period was calculated as:a. 123000b. 114000c. 113000d.none
a.Sales 200,000b.Interest expenses 10,000c.tax 5,000d.Administration expenses 2,000e.advertisement expenses 1,000f.cost of good sold 95,000g. utility 20,000h. Raw material 30,000 base on the data given , Prepared an income statement for company X in 31 December 2003. #please explain to me why raw material not include or include in the income statement