Given the following facts, complete the requirer Sales price Fixed costs: P200 Marketing and administrative Manufacturing overhead 24, 30, Variable costs: Marketing and administrative Manufacturing overhead Direct labor 6 p 9p 30 р 60 p Direct Materials 1 200 Units nreduced and sold
Q: Lattimer Company had the föl Contribution margin income statement Per Unit Annual Total Sales…
A: Overhead is an indirect cost that is incurred in the production process of the company. It is used…
Q: June Company's actual data for 201A are given as follows: Units produced 25,000 Units sold 24,000…
A: Throughput Costing:-It is also known as "Super variable costing". This costing method considers only…
Q: he following particulars about ABC company is provided to you: Production at 60% Capacity 9,000…
A:
Q: NUBD Co. had income of P65,000 using absorption costing for the period. Beginning and ending…
A: Increase in inventory = 18,000 units - 12,000 units = 6,000 units If there is increase in inventory,…
Q: Tirri Corporation has provided the following information: Direct materials Cost per Unit Cost per…
A: Concept: In this case, the COGS is the cost of sales and at the break-even point sales we recover…
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Absorption costing means the system of costing where fixed manufacturing overhead is also used while…
Q: how much is the direct materials cost?
A: Let us discus the formula to begin with the answer Prime cost = Direct labor + Direct materials…
Q: 1 You are require to prepare a marginal cost statement of the following particulars : Variable Cost…
A: The marginal cost statement, as opposed to the standard revenue statement created using absorption…
Q: Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per…
A: Compute the cost of making each unit: Direct material $5 Direct labor ($10 / 4) $2.50…
Q: Costs at normal are given below. Total Cost Unit Cost P 9.80 4.50 12.00 P 4,900,000 2,250,000…
A: While making the decisions for the special orders, producers must consider the relevant cost of…
Q: The cost per unit associated with the production of Xen Merchandising are the following: Direct…
A: Marginal cost refers to variable cost which has to be incurred to produce a additional unit of…
Q: The following variable production costs apply to goods made by Thornton Manufacturing Corporation:…
A:
Q: Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50…
A: Variable cost per unit will not vary for a different levels of production.
Q: EasyLang Company provided the following information below Variable production costs…
A: Period costs are costs that are not directly linked with the production process. It include…
Q: Cost of Sales under the variable costing method
A: Cost of Sales under the variable costing method = Units sold * Unit variable cost
Q: South East Corp. produces D-2 toys with the following unit cost: Direct Materials P4.00 Direct labor…
A: Total fixed costs = Normal capacity x fixed cost per unit = 10000 units x 2 = 20,000
Q: Manny Co. reported the following per unit cost for the period just ended: Direct materials…
A: Solution: Unit product cost using the absorption approach = Direct materials + Direct labor +…
Q: The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit…
A: Absorption Costing: Under this method, the product cost includes both the fixed and the variable…
Q: Mazoon Company has information on its evenue and costs is as follows: Selling price per unit $70;…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain…
Q: Noor Company provided data for the total cost of two levels of monthly production volume. The…
A: In the given question the details of total cost of 4000 units and 1000 units are of monthly…
Q: Pedregon Corporation has provided the following information: Cost per Unit Cost per Period…
A: Contribution Margin = Sales - Variable Cost
Q: West Company’s cost structure for a certain items at a level of 20,000 units per month are as…
A: production and sales 20,000 units per month Manufacturing Costs: Direct Material 1.00 Direct Labor…
Q: The Safeer Company manufactures and sells a single product. Price and cost data on product and…
A: As per Bartleby guidlines ,we are supposed to give answer for the first three sub parts if it is a…
Q: Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80;…
A: Total variable costs = direct materials + direct labor + manufacturing overhead selling costs…
Q: The following costs pertain to Juan Corporation’s only product Leather: Direct Materials P…
A: Variable costing only considers variable cost of production…
Q: Using the information below from Planters, Inc., what is the cost per un under both variable and…
A: Using absorption costing, the product cost comprises of fixed and variable cost. Using variable…
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Under absorption costing, Product cost =direct material +direct labour +manufacturing variable…
Q: From the following information, prepare an Income Statement under: (a) Marginal Costing; (b)…
A:
Q: The following information is avalable for Company P: Selling Price $530/unit Direct Material…
A: Under Absorption costing, all the manufacturing cost would be considered while calculation of the…
Q: National Co. has the following information for the period: Product sales: Variable manufacturing…
A: In the case of absorption costing, all production costs shall be treated as product costs. The cost…
Q: e company targets a 12.0% markup on total cost. Variable Costs per Unit Direct materials $ 110…
A: Solution 1: Total cost per unit = total variable cost per unit + fixed cost per unit = (110 + 35 +30…
Q: Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct…
A: Period cost is the cost incurred other than the product cost. The product cost includes costs like…
Q: Martinez Company's relevant range of production is 7.500 units to 12,500 units. When it produces and…
A: Formula: Total manufacturing cost=Variable manufacturing overhead per unit×Number of units…
Q: The following particulars are extracted from the record of a company. Product A Product B ( Per…
A: The limiting Factor is Raw Material availability. So we have to rank product on the basis of…
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Total product cost = Direct material + direct labor + variable overhead
Q: dele Watches has the following cost information for 2019: Direct materials P6.00 per unit Direct…
A: solution: income statement under variable costing Number of units sold =23000 Units produced…
Q: A company manufactures and sells a single product which has the following cost and selling price…
A: The question is based on the concept of Cost Accounting.
Q: The following cost have been estimated based on sales of 30,000 units Direct materias P300,000…
A: Contribution margin = Total sales - Total variable costs where, Total variable costs = Direct…
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Absorption costing can be defined as an accounting method of valuing inventory items. Under this…
Q: Given the following data, calculate product cost per unit under absorption costing. $ 17.00 per unit…
A: Absorption costing refers to the costing method which considers all the costs which are linked or…
Q: NUBD Co. presented the following data for 2021: Sales Variable manufaduring costs Fixed…
A: Under the Variable costing method, fixed production costs are considered period costs and are not…
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Total product cost = direct material + direct labor + variable MOH + Fixed MOH
Q: Given the following information, determine the product cost of one unit: Direct Materials = $60;…
A: Product cost = Direct materials + direct labor + overheads.
Q: | Company had the following information: Product sales Variable manufacturing costs (DM: P3) Fixed…
A: Using absorption Costing, the product cost consists of both variable and fixed cost.
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Total product cost = direct material + direct labor + variable MOH + Fixed MOH
Q: The following variable production costs apply to goods made by Zachary Manufacturing Corporation:…
A: Total variable cost = Variable cost per unit x Units produced
Q: For XYZ Company, the following information related to costs is available for the last quarter:…
A: Following are the answers to the given questions
Q: Vijay Company reports the following information regarding its production costs. $ 10.50 per unit $…
A: Fixed cost per unit=Fixed overheadUnits produced=$212,50025,000=$8.5
Q: Basra Company sells a product for $24. Units costs are as follows: Direct materials $7.70 Direct…
A: Total Variable Cost- Particulars Amount ($) Direct Material 7.7 Direct Labor 4.6 Variable…
Compute for:
1. Variable
Step by step
Solved in 2 steps
- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?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. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor costThe 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?
- Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.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.
- Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at 32 each. Kallings controller provided the following information for the coming year: Required: 1. Calculate the cost of one unit of product under absorption costing. 2. Calculate the cost of one unit of product under variable costing. 3. Calculate operating income under absorption costing for next year. 4. Calculate operating income under variable costing for next year.Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?
- Quality Cost Report Loring Company had total sales of 2,400,000 for fiscal 20X1. The costs of quality-related activities are given below. Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. What message does the cost report provide? 2. Prepare a bar graph and pie chart that illustrate each categorys contribution to total quality costs. Comment on the significance of the distribution.Medical Tape makes two products: Generic and Label. It estimates it will produce 423,694 units of Generic and 652,200 of Label, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: How much is the overhead allocated to each unit of Generic and Label?Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?