How much is the total cost of producing 150 grams of honey if the company uses the least squares method.* The cost accountant of Sweet Company recorded these cost of producing honeybed Days Mon Tues Grams Produced 100 75 25 150 175 50 Total Cost Incurred 1,000 600 400 Wed Thur Fri Sat 1,500 1,600 600 1,300 Sun 125

How much is the total cost of producing 150 grams of honey if the company uses the least squares method.* The cost accountant of Sweet Company recorded these cost of producing honeybed Days Mon Tues Grams Produced 100 75 25 150 175 50 Total Cost Incurred 1,000 600 400 Wed Thur Fri Sat 1,500 1,600 600 1,300 Sun 125

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

See similar textbooks

Similar questions

How much is the total cost of producing 150 grams of honey if the company uses the least squares method. The cost accountant of sweet company recorded these cost of producing honeybee: DAYS GRAMS PRODUCED TOTAL COST INCURRED MON 100 1000 TUES 75 600 WED 25 400 THURS 150 1500 FRI 175 1600 SAT 50 600 SUN 125 1300
Data table Units of D4H produced and sold 1. 2. Selling price 3. Direct materials (kilograms) 4. Direct material cost per kilogram 5. Manufacturing capacity (units of D4H) 6. Total conversion costs 7. 8. Selling and customer-service capacity 9. Total selling and customer-service costs 10. Selling and customer-service capacity cost per customer 11. Design staff 12. Total design costs 13. Design cost per employee Conversion cost per unit of capacity Alt+Q Print Done $ $ 210 41,000 $ 310,000 7.25 $ 250 2,125,000 $ 8,500 $ $ $ 2,150,000 8,600 95 customers 90 customers 900,000 10,000 12 1,045,000 $ 11,000 $ 12 1,212,000 $ 101,000 $ $ $ ZUZT $ $ ZUZZ 235 43,000 325,000 7.75 250 1,218,000 101,500 (similar to) Data table HW Score: 3.03%, 0.12 of 4 points Daint 0 10 of 1 Revenue effect of growth Cost effect of growth The company has chosen a product differentiation strategy. The growth, price- recovery, and productivity components of the change in operating income from 2021 to 2022 are as…
The following is data obtained from cheese cake production activities by PT Cheese Higen for January 2018 During January 2018, the number of cheese cakes produced was 20.000 units Requested: 1. What is the total production cost and production cost of cheese cake per unit? 2. What is the total prime cost and prime cost of cheese cake per unit? 3. What is the total conversion cost and the cheese cake conversion cost per unit?
How do I prepare an Income Statement for March 2022 by using the absorption costing method? Other info: The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.
Manoli Company has collected the following data for use in calculating product costs:Activity Data (expected and actual):Rug CleanersSweepersTotalUnits produced50,000250,000300,000Prime costs$200,000$750,000$950,000Direct labor hours10,00040,00050,000Machine hours20,00010,00030,000Number of setups2575100Inspection hours1,2002,8004,000Number of moves140210350Departmental Data (expected and actual):MoldingAssemblyTotalDirect labor hours:Rug cleaners5,0005,00010,000Sweepers5,00035,00040,000Totals10,00040,00050,000Machine hours:Rug cleaners17,0003,00020,000Sweepers3,0007,00010,000Totals20,00010,00030,000Overhead costs:Machining$120,000$ 30,000$150,000Moving materials40,00030,00070,000Setting up70,00010,00080,000Inspecting products20,00030,00050,000Totals$250,000$100,000$350,000What is the activity rate for moving materials?a. 0.2b. $800c. $1,000d. $200
This cost data from Hickory Furniture is for the year 2017. Using the high-low method, express the companys utility costs as an equation where X represents number of tables produced. Predict the utility costs if 800 tables are produced. Predict the utility costs if 600 tables are produced. Using Excel, create a scatter graph of the cost data and explain the relationship between number of tables produced and utility expenses.
The cost per unit associated with the production of Xen Merchandising are the following: Direct Materials - P1,000; Direct Wages - P200; Variable Overhead - P1,500; and Fixed Overhead - P2,000. Given the data, what is the product cost?
Use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent. Total Activity Cost Activity Cost Per Unit 66,810 ✓ 37,403 X 220.50 X 184.25 ✓ Elliptical machines Treadmill $
Evaluating Selected Cost Driver Assume that a manufacturer of specialized machine parts developed the following total cost estimating equation for manufacturing costs. Y = $14,400 + $1,250 (actual units) a. What is total estimated manufacturing costs if 180 units are produced? $Answer 0
A company that makes organic fertilizer has supplied the following data: The company's margin of safety in units is closest to: Select one: a. 471,429 units b. 501,563 units c. 601,524 units d. 194,043 units
The objective manufactured. A manufacturer wishes to produce two commodities x and y. The number of units of material, labor and equipment needed to produce one unit of each commodity is Shown below together with the available number of units of each of the items. available no. of units 480 y material 4 labor 4 240 equipment 4 200 profit/unit P120 P100 Find the number of units to produce in order to maximize the profit. 429
Shown below are units produced and total manufacturing costs for the pastfour months at Minda Manufacturing Corporation: Units Produced Total CostJul 120 P446,000Aug 150 P508,000Sep 180 P638,000Oct 170 P668,000What is Minda's cost formula for total manufacturing costunder the high-lowmethod?