In applying the high-low method, what is the unit variable cost?
Q: What is the variable cost and indirect cost?
A: Variable costs are costs that changes with level of activity. If activity level increases, then…
Q: what is variable cost per unit?
A: Variable Cost = Cost which changes with change in units. Variable Cost Per unit = It is Variable…
Q: What effect does an increase in volume have on—b. Unit variable costs?
A: Variable cost: Variable costs are the total costs that changes with the change in level of activity.…
Q: What is meant by an activity base when dealing with variable costs? Give several examples of…
A:
Q: ost flow methods and assumptions. What
A: The different cost flow methods and assumptions are as follows: FIFO LIFO Weighted average
Q: In what sense can a variable cost be considered constant?
A: A variable cost is a constant amount per unit produced or used.Therefore the total amount of the…
Q: Define and explain the contribution margin. Include the difference in fixed and variable costs in…
A: Contribution margin may be defined as the amount of profit generated when only the cost of goods…
Q: In the mixed cost function Y A+ BX, total variable costs is represented by: O a. Y Ob. A BX C. BX O…
A: In accounting, the term mixed costs refers to costs and expenses that consist of two components: A…
Q: What effect does an increase in volume have on: Unit fixed costs? Unit variable costs? Total…
A: Increase in volume simply means the increase in production level.
Q: What are some factors that affect variable costs?
A: Variable costs: A variable cost is a business expenditure that varies in proportion to manufacturing…
Q: Explain the difference between fixed cost and variable cost? Support your answer with examples
A: Cost: It is the economic value of resources incurred by a firm to manufacture a product or render…
Q: Fixed, variable, and semi-variable costs all have a distinct relationship.
A: Introduction: To put it simply, a cost is a measure of how much money is spent to produce a product…
Q: what are the differences between the FIFO, LIFO, and the average cost?
A: Inventory: It refers to the items held by an organization which were in various forms like raw…
Q: Define variable cost and fixed cost. Give an example of each?
A: Variable Cost: Variable cost refers the cost which varies due to the change in the level of…
Q: What is the difference between a linear and a nonlinear cost function? Give an example of each type…
A: Cost Function:Cost function represents the basic change comes in the total cost due to the change in…
Q: How do step-wise costs and curvilinear costs differ?
A: There are different types of costs such as variable costs, fixed costs, step costs, and curvilinear…
Q: What is the variable cost per unit produced?
A: Variable costs are those costs which changes directly with change in level of activity. For example,…
Q: What are costs that have characteristics of both a variable and fixed cost?
A: A cost that has characteristics of both a variable cost and a fixed cost is called a mixed costs or…
Q: Dw much is the total variable cost per unit?
A: Variable cost per unit is the cost incurred for manufacturing each unit. It is determined by…
Q: Types of Fixed and Variable cost with the help of example and graph?
A: Costs are the total spent amount for the expenditures and for producing the goods and services.…
Q: determine the variable cost per unit and the fixed cost using the high -low method.
A: Variable Costs :- Variable costs are expenses that vary depending on the volume of goods or services…
Q: What is a variable cost? Identify two variable costs.
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Q: Explain the term Variable costs?
A: Cost is the total amount that has to be paid for a product.
Q: What is the correlation between fixed, variable, and semi-variable costs??
A: Introduction:- Fixed Costs – Costs are same irrespective of the number of output produced Variable…
Q: What is a relationship between fixed, variable and semi-variable cost?
A: Cost can be defined as the amount incurred upon the production of goods and services for the final…
Q: What is variable costing?
A: Variable Costing: “Variable costing is a method that allocates only variable manufacturing costs to…
Q: what is the difference in unit costs?
A: Solution:- Given, Steel Costing = 8 Ounce Aluminum Costing = 5 Ounce Penalty for each extra pound =…
Q: Describe how total variable costs and unit variable costs behave as the level of activity increases?
A: Variable cost varies with the changing level of activity i.e. if the activity increases the variable…
Q: What does the Unit contribution margin express?
A: Break Even Point: Break Even Point is defined as the level where there is no profit…
Q: Is labor a true variable cost?
A: Direct labor cost is the cost involved in payment of wages to the laborers who are involved in…
Q: What effect does an increase in volume have on—a. Unit fixed costs?
A: Fixed costs are those costs of business which remain fixed in total irrespective of change in volume…
Q: Explain how the high-low method determines:a. The variable portion of a semivariable cost.b. The…
A: This method is used to segregate variable cost and fixed cost. In this method, highest level of…
Q: What is a fixed cost? A variable cost? A mixed cost? Give an example of each
A: Costs are the expenses incurred in business. It means costs incurred for the manufacturing of…
Q: simple cost analysis method to identify fixed costs and variable costs in a linear cost function is…
A: High low method is method which separates the elements of fixed cost and variable cost from the…
Q: Hi, How do you calculated variable production cost per unit?
A: Answer:Variable production cost per unit is calculated by dividing Total variable production costs…
Q: Which of the following describes the behavior of total variable and total fixed costs when level of…
A: Different costs associated with production process are - Fixed cost and variable cost. For example:…
Q: What happens to the total variable costs and the total fixed costs when the level of activity…
A: Formula: Total cost = Variable cost + Fixed cost Sum of both variable and fixed cost derives the…
Q: What can be the Direct-Variable Costs?
A: Fixed cost means the cost which do not vary with the level of output. Variable cost means the cost…
Q: Are variable costs always relevant costs? Explain.
A:
Q: How do you get the variable cost per unit produced and sold?
A: Variable Cost per unit produced :To get this, we take the total of all the variable costs in the…
Q: Which of the following is the best definition of a variable cost?
A: Types of Costs 1. Variable Cost: The cost which changes with the change in the level of activity is…
Q: What is the variable cost? Give an example.
A: Variable costs tend to vary in direct proportion to the volume of production. If a cost is variable,…
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- Given the cost formula Y $17,500+ $4x, at what level of activity will total cost be $42,500? Multiple Choice 10,625 units 4,375 units 5,250 units. Search < Prev 22 of 25 ‒‒‒ +++ ‒‒‒ Next Jfixed cost =190000 variable cost per procedure 50 volume 10000 1) what revenue per visit is required to break even 2) what revenue per visit is required to provide a profit of 100000 3) using the answer to question 2 above,find the contribution margin required to provide a profit of 100000ch 21 Q10 Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost comp0nents of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 6,820 $505,120 2,420 324,720 4,160 473,010 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 3,330 units of production.
- compute the variable cost per unit if variable manufacturing cost per unit is 75.5 and variable selling cost is 37.6 per unit what is the correct option 117.3 or 115 or 114.2 or 113.1Don't use chatgpt, I will 5 upvotes question 5 For the current year, Electric Corporation expected to sell 42,300 industrial power cords. Fixed costs were expected to total $1,651,500; unit sales price was expected to be $3,900; and unit variable costs were budgeted at $2,400. Electric Corporation's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.) A. $160,676,100. B. $194,851,099. C. $166,596,097. D. $178,401,100. E. $150,226,100. A B C D Efixed cost=650000.00 variable cost per procedure=20 total procedures for the year=12500 what is the total variable cost?
- Variable costing income statement and effect on income of change in operations Kimbrell Inc. manufacture three sizes of utility tablessmall (S), medium (M), and large (L). The income statement has consistently indicated a net loss for the M size, and management is considering three proposals: (1) continue Size M, (2) discontinue Size M and reduce total output accordingly, or (3) discontinue Size M and conduct an advertising campaign to expand the sales of Size S so that the entire plant capacity can continue to be used. If Proposal 2 is selected and Size M is discontinued and production curtailed, the annual fixed production costs and fixed operating expenses could be reduced by 142,500 and 28,350. respectively. If Proposal 3 is selected, it is anticipated that an additional annual expenditure of 85,050 for the salary of an assistant brand manager (classified as a fixed operating expense) would yield an additional 130% in Size S sales volume. It is also assumed that the increased production of Size S would utilize the plant facilities released by the discontinuance of Size M. The sales and costs have been relatively stable over the past few years, and they are expected to remain so for the foreseeable future. The income statement for the past year ended December 31, 20Y8, is as follows: Instructions 1. Prepare an income statement for the past year in the variable costing format. Use the following headings: Size S M L Total Data for each style should be reported through contribution margin. The fixed costs should lie deducted from the total contribution margin, as reported in the Total" column, to determine income from operations. 2. Based on the income statement prepared in (1) and the other data presented above, determine the amount by which total annual income from operations would be reduced below its present level if Proposal 2 is accepted. 3. Prepare an income statement in the variable costing format, indicating the projected annual income from operations if Proposal 3 is accepted. Use the following headings: Size S L Total Data for each style should be reported through contribution margin. The fixed costs should lie deducted from the total contribution margin as reported in the "Total" column. For purposes of this problem, the additional expenditure of 85,050 for the assistant brand manager's salary can be added to the fixed operating expenses. 4. By how much would total annual income increase above its present level if Proposal 3 is accepted? Explain.Variable costing income statement and contribution margin analysis for a service company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour 120 135 Credit hours 60,450 43,200 Registration, records, and marketing cost per enrolled student 275 275 Instructional costs per credit hour 64 60 Depreciation on classrooms and equipment 825,600 825,600 Registration, records, and marketing costs vary by the number of enrolled .students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. A. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. B. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term.Question Content Area Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.95 per pound and costs $16.00 per pound to produce. Product D would sell for $36.45 per pound and would require an additional cost of $9.00 per pound to produce. The differential cost of producing Product D is?
- LO.8 (Appendix; Least squares regression) UpTop Mining has compiled the follcowing data to analyze utilitry costs: Month Machine Hours Utility cost January 200 $300 February 325 440 March 400 480 April 410 490 May 525 620 June 680 790 July 820 840 August 900 900 Use the least squares method to develop a formula for budgeting utility cost.Assume the following information:VolumeTotal Cost100 units$1,30090 units1,500106 units1,750What is the variable cost per unit? (Round answer to three decimal places.)a. $28.125b. $15.625c. $20.178d. $13.17547. LO.1, LO.3–LO.5 (Activity analysis, ABC; pricing; cost drivers) Moriarity Manufacturing produces two product models: Regular and Special. Th e following information was taken from the accounting records for the fi rst quarter of 2010:Regular Special TotalUnits produced 80,000 20,000 100,000Material cost $320,000 $180,000 $500,000Labor cost $480,000 $140,000 $620,000Moriarity currently uses a traditional cost accounting system where total overhead cost is assigned to products based on the total number of units produced. Company presi-dent Michael Moriarity has approached the controller, Betsy O’Connell, with concerns about sagging profi t margins and his inability to explain competitors’ pricing of similar products. O’Connell suggests that the company explore the possibility of a costing sys-tem that is based less on volume and more on identifying the consumption of resources by products (given manufacturing process activities). O’Connell identifi es the follow-ing overhead costs…