Identify the semi-variable costs:                                                                            10,000 units              18,000 units   Materials                                                           $15,000                     $27,000 Labour                                                              $13,000                     $19,400 Rent                                                                  $11,500                     $11,500 Selling overheads                                               $30,000                     $46,000   Question 2 options:   1)  materials and labour   2)  labour and rent   3)  rent and selling overheads   4)  labour and selling overheads

Q: 1. XYZ has the following cost components for 100,000 units of product for the year: P 200,000 Raw…

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A: A budget helps to determine the forecasted cost and eventually profit of goods or services.

Q: A company has four production departments. Fixed costs have been apportioned between them as…

A: Computation of fixed cost per unit =Total fixed costTotal No. of units

Q: MLBC Corp. manufactures a particular product component. Manufacturing costs per unit for 10,000…

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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…

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Q: Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50…

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Q: Per unit information for Product M of Adolf Corporation is provided below: $80 per unit Direct…

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A: Working note:

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Q: Factory overhead costs for a given period were 1.5 times as much as the direct material costs. Prime…

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Q: e company targets a 12.0% markup on total cost. Variable Costs per Unit Direct materials $ 110…

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A:

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A: Total variable cost per table = 50+10+15 = £75

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Q: $ Sales price per unit 51.00 Fixed costs (per month): Selling, general, and administrative (SG&A)…

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A: Answer

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.