Example 4 (HW):From the following data find (A) material cost, (B) price cost, (C) direct cost, (D) productionO/H, (F) cost of production, (G) selling distribution overhead, (H) total cost, (L) selling priceassuming not profit of 10001- Material in hand2- new material purchased3-Director's fees4- Advertising5-Printing & stationarycharges6-Wages of direct workers7-Wages of indirect workers11- price salaries12- Rent of all office13- Rent of show room14- Commission of sales man15- Sales dept. car expenses 15002000600002500005001500350012000250030016- Variable direct expensesPlant&maintenance18- Heating, highting waterfor the office19- Cost of distributing goods 2000700007501000017-repair 30008- Rent of factory building500025009- Postage & telephone10- Water & electricity for thefactory2001000

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Answered: From the following data find (A)…

Business

Accounting

From the following data find (A) material cost, (B) price cost, (C) direct cost,

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Poleskiʼs controller would like to have the worksheet display an income statement in a contribution margin format (Sales – variable costs = contribution margin – fixed costs = net income). CVP Cost-Volume-Profit Analysis Data Section Fixed Variable Production costs Direct materials $2.30 Direct labor 4.70 Factory overhead $225,000 3.00 Selling expenses Sales salaries & commissions 97,000 0.75 Advertising 47,500 Miscellaneous selling expense 16,200 General expenses Office salaries 92,000 Supplies 12,300 0.25 Miscellaneous general expense 15,000 $505,000 $11.00 Projected unit sales 120,000 Selling price per unit $16.00 Target net income $250,000 Answer Section Contribution margin per unit $5.00 Contribution margin ratio 31.25% Break-even point in units 101,000 Units needed to…
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Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 6,000 shelves $72,000 $7,900 $135,000 12,000 shelves 144,000 14,800 135,000 24,000 shelves 288,000 28,600 135,000 30,000 shelves 360,000 35,500 135,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit)…
he following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC: Manufacturing overhead RO 5,000 Selling & Distribution overhead RO 2,000 Direct material RO 10,000 Direct expenses RO 4,000 Administration overheads RO 1,000 Direct labor RO 3,000 Use the above information and answer 30 MCQs 30. Calculate the amount of conversion cost that is incurred for Al Hood Manufacturing & Trading LLC. a.RO 25,000 b.RO 23,000 c.RO 22,000 d.RO 8,000
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,550 $140,000 14,000 shelves 168,000 17,600 140,000 28,000 shelves 336,000 33,700 140,000 35,000 shelves 420,000 41,750 140,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion…
Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 6,000 shelves $72,000 $8,400 $125,000 12,000 shelves 144,000 15,300 125,000 24,000 shelves 288,000 29,100 125,000 30,000 shelves 360,000 36,000 125,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per…
8. complete the following table to determine what are the total costs to account for if a company’s beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). If no dollar amount is needed for that space, please enter "$0" with no quotation marks. Material Costs Conversion Costs Total Costs Beginning work in process ? ? x Added: ? ? x Direct materials ? ? x Direct labor ? ? x Manufacturing overhead ? ? x Total Costs ? ? ?