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## Related Accounting Q&A

Find answers to questions asked by students like you.

Q: he number of units produced, or the number of units sold describes: a. Cost behavior b. Activity…

A: Ans. Activities in business or manufacturing concerns are described as the number of units produced…

Q: Based on the image below for a manufacturing company, the correct statement is A. line b graphs…

A: Click to see the answer

Q: In representing the total manufacturing costs in the equation Y=a+bX, “a ” in the equation…

A: The total cost of product is the total of fixed cost and variable cost.

Q: In representing the total manufacturing costs in the equation Y=a+bX, “a ” in the equation…

A: Answer- 3. Total variable manufacturing costs Y=a+bX is the equation used to calculate total…

Q: 1.Compute the variable manufacturing cost per unit. 2.Compute the variable cost per unit.…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Complete the table below. Units Fixed costs ($) Variable costs ($) Total costs ($) Sales revenue ($)…

A: The first question is answered for you. Please resubmit specifying the question number you want…

Q: The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following?…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: Identify cost graphsThe following cost graphs illustrate various types of cost behavior For each…

A: Variable costs are costs that vary with change in level of activity. Fixed costs are costs that do…

Q: In representing the total manufacturing costs in the equation Y=a+bX, “a ” in the equation…

A: The total manufacturing cost includes the variable and fixed cost of production.

Q: Compute for the cost per equivalent unit using average costing. 2. Compute for the equivalent units…

A: The cost per equivalent unit is the term under process costing which records the entire process at…

Q: Calculation of variable and fixed cost per unit S Amount Units Rate Materials: per unit Direct…

A: Solution: Absorption costing involves all of the direct cost related with manufacture of a product.…

Q: a) Compute production cost per unit under variable costing. b) Compute production cost per unit…

A: Click to see the answer

Q: :On the cost-volume-profit graph, the intersection between the total cost line and (Y) axis…

A: The correct answer is The fixed cost amount. b

Q: Could you please tell the answer in the table format for the above 15 cost items Table format: a)…

A: Cost: It is the economic value of resources incurred by a firm to manufacture a product or render…

Q: Required: a. Compute the unit product cost under both absorption and variable costing. b. Prepare…

A: Note : Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: The variable cost ratio is calculated as: а. The selling price per unit ratio / variable cost per…

A: Variable cost = Variable manufacturing cost + Variable selling and administrative cost

Q: Please answer the following: 1. What is cost of production report? 2. What is cost per equivalent…

A: Since you have posted a question with multiple subparts, we have solved the first three subparts for…

Q: a) Complete the following table: [Calculate Marginal Physical Product, Average Fixed Costs, Average…

A: A cost is an expense incurred in the production or sale of a product or the preparation of an asset…

Q: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare…

A: Under absorption costing, fixed manufacturing overhead is also considered while calculating the unit…

Q: An example of qualitative data is 1.product price 2.production cos 3.product features 4.prime cost

A: Qualitative data: Qualitative data is non-numerical data in nature like characteristics or features…

Q: The contribution-margin ratio is: Select one: a. unit contribution margin divided by the selling…

A: The contribution margin ratio is the % of the sales revenue which is remaining after substracting…

Q: The variable cost ratio is calculated as: a. None of the given answers O b. The selling price per…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: Target costing starts with: a. Cost price of the product b. Estimated selling price of the product…

A: Solution: Target costing starts with "Estimated selling price of the product".

Q: a. Compute the unit product cost under both absorption and variable costina b. Prepare an income…

A: Note : Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: :The change in total cost from producing another unit of output equals the following Average total…

A: The marginal cost of production is the change in total production cost that comes from making or…

Q: Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the…

A: 1(a) Determine the unit product cost. Assume that the company uses absorption costing.…

Q: 1. How would a 5% sales commision paid to a sales personnel be classified in a manufacturing…

A: Answer 1: Sales commission should be classified as Variable Product cost. There are companies which…

Q: Using activity-based costing system, compute the product margin of WD40 per unit.

A: Activity Rate = Total Costs/Total Activity

Q: 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an…

A: Note: As question specified to solve Question 2 so SME has solved both part of question 2 namely 2A…

Q: Prepare (a) Statement of Equivalent Production Equivalent Units Input Units Output Items Units Qty…

A: Statement of Equivalent production Statement of Cost Statement of Valuation

Q: On the cost-volume-profit graph, the area between the total cost line and the sales line before the…

A: on the cost volume profit graph, the area between the total costline and the sales line before the…

Q: Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b.…

A: The company uses absorption costing as follows: Unit product cost as follows: Income statement for…

Q: The left column lists several cost classifications. The right column presents short definitions of…

A: Fixed Cost: Fixed cost refers the cost which remains constant for particular time duration and there…

Q: Compute for the equivalent units of production using average costing.

A: Given information is: In EASY company on November 1, 10,000 units of product that were 30% complete…

Q: Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one…

A: Given: Direct Material 100 Direct Labor 320 Fixed Manufacturing Overhead 60000 Variable…

Q: Using the given data…find the answers for Formulas 1-10. Sales Variable manufacturing cost Fixed…

A: Sales = Selling price per unit * number of sold units = 30*80000 = $24,00,000 Variable manufacturing…

Q: Compute the unit product cost under both absorption and variable costing. b. Prepare an income…

A: Unit product cost under absorption takes fixed cost into consideration whereas variable costing does…

Q: 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement…

A: Click to see the answer

Q: Which of the following are assumptions associated with the cost equation? Check all that apply. The…

A: Cost equation means a line or formula which shows both types of cost like fixed costs and variable…

Q: Compute for: 1. Variable manufacturing cost per unit 2. Variable cost per unit 3. Full…

A: The cost per unit is calculated as total cost divided by number of units.

Q: Compute for: 1. Variable manufacturing cost per unit 2. Variable cost per unit 3. Full…

A: The full cost includes the total of manufacturing cost and selling expenses.

Q: The contribution-margin format is used for A. variable costing income statement O B. job order…

A: The contribution margin the amount of profit earned after considering any the variable expenses.

Q: The gross-margin format is used for A. mixed costing income statement B. absorption costing income…

A: Gross Margin In simple term gross margin is deduct the amount from the total revenue to cost of…

Q: Required: 1. Prepare an answer sheet with the column headings shown below. Enter each cost item on…

A: 1. Cost Behavior Selling or Administrative Product Cost Cost Item Variable Fixed…

Q: . What is the company's net operating income (loss) under variable costing? 5. What is the…

A: 4. Net operating income (loss) under Variable costing Sales 3,360,000 Variable…

Q: Cost per unit for each product using Absorption costing Cost per unit for each product using ABC…

A: 1. Calculate the cost per unit for each product using Absorption costing:

Q: The ratio of Tue profit, cost of materials and labour in production of an article is 5:7:13…

A: Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Answer the following: 1. The slope of line A is equal to the: a. fixed cost per unit. b. selling…

A: Using fixed cost , total cost and sales revenue, the CVP chart graphically represents the…

Q: List the different costs associated with the new product decision down the extreme left column…

A: The cost incurred for manufacturing or producing a finished good is usually called as product cost.…

Q: What formula do we use in accounting to determine estimated total manufacturing overhead (MOH)?…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…