Kelley's equivalent units of production using the weighted average method would be       34,250. 32,000. 35,000. 24,740.

Q: Net income computed under GAAP for external reporting purposes is 100 (No of units sold is 40…

A: Direct costing which is also called as Variable Costing , is  a…

Q: A company determined that the marginal​ cost, C′(x) of producing the xth unit of a product is given…

A: Given information: C'(x)=x3-2x Integrating both sides ∫C'(x) dx=∫(x3-2x) dxC(x)=x44+2x22+C…

Q: The Marginal Revenue function for a company's product is: MR = 240000 - 22x where x equals the…

A: Total revenue is the total amount of goods and services sold. It is calculated by multiplying the…

Q: le costs were P9 per unit, of whi irect material. If production cost

A: Variable Costing :-  It focuses on variable costs like direct material ,…

Q: The total prime cost of a product was OMR8,400. The variable manufacturing overhead is calculated…

A: Given ,  Prime Cost = OMR 8,400 Direct Labor Hours = 700 hours Direct Labor Cost = 40% of Direct…

Q: Company has decided to use the high-low method to estimate the total cost and the fixed and variable…

A: The High-low method is a technique used to split the mixed costs into fixed cost and variable cost.…

Q: If fixed costs are $1,226,000, the unit selling price is $229, and the unit variable costs are $104,…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales…

A: Contribution margin is known as the excess of sales revenue over the variable cost.It is also known…

Q: Total production costs and output over three periods have been: Period Production costs Output 1 GHS…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: The don Company sold 100,000 units of its product at P 20 per unit. Variable costs are P 14 per…

A: Sales represents the activity performed by any firm and revenue earned by the company. From this…

Q: Given: The calculated variable cost per unit of $1.6 High Level of activity is: 1,474 units and…

A: The total cost at low level of activity is a part of the costing method called as '' high-low…

Q: The cost from Sharpe's main supplier is $9.95 per metric ton, shipped locally at a cost to Sharpe of…

A: Cost of direct materials = Purchase cost + Freight in = $9.95 + $17.85 = $27.80 per metric ton

Q: The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated…

A: Given    Total Prime Cost = OMR 4400     Fixed Overhead Cost = OMR 1500 Total Manufacturing Cost =…

Q: The following variable production costs apply to goods made by Thornton Manufacturing Corporation:…

A:

Q: A company manufactures 1000units of outputs using 5000units of materials @ GH¢30 each, and pays…

A: Total product cost means the cost incurred to produce the goods and total expenses means the total…

Q: Using the information below, what is the cost per unit under both variable and absorption costing?…

A: Fixed Manufacturing Overhead per unit = Fixed Manufacturing Overhead / Production =…

Q: According to following information, which of the following is the total cost function in the form of…

A: Total cost of the goods produced includes the fixed cost and variable cost. Fixed costs remains the…

Q: According to following information, which of the following is the total cost function in the form of…

A: The following calculations are done for computing the correct total cost function.

Q: Based on the following data - (a) units produced from September to December are as follows: 18,900,…

A: High low method is a method of costs estimation under which highest activity levels and lowest…

Q: Snavely Inc, manufactures and sets two products Product t and Product AZ Data concemng the expected…

A: Overhead is an expense that can not be attributed to any product or service particularly but used to…

Q: ABC Company provides the following information about its product:   Targeted operating income…

A: We should first understand about the contribution margin ratio to solve this question. Contribution…

Q: According to following information, which of the following is the total cost function in the form of…

A: >Cost function equation states that Y = F + V x X, where--Y = Total Cost--F = Total Fixed Cost--V…

Q: According to following information, which of the following is the total cost function in the form of…

A:

Q: The following information is for LaPlanche Industries Inc.:   East   West Sales volume (units):…

A: Contribution margin: The contribution margin refers to the difference between the selling price and…

Q: If the costs for direct materials, direct labor, and factory overhead were $60,000, $35,000, and…

A: Total conversion cost  = Direct labor + factory overhead = $35,000 + $25,000 = $60,000

Q: The following variable production costs apply to goods made by Raeburn Manufacturing Corporation:…

A: Variable costs: variable costs can be defined as the costs that change directly with the change in…

Q: The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated…

A: Prime cost is the sum total of expenses incurred on materials and labour expenses. Manufacturing…

Q: Cool Pool has these costs associated with production of 25,847 units of accessory products: direct…

A: Given that: Direct material costs = $68 Direct Labour costs = $105 Variable manufacturing overhead =…

Q: Mahaley, Inc, manufactures and sebs two products Product and Product FO. Data concening the expected…

A: The total cost is the sum total of direct material, direct labor, and manufacturing overhead.…

Q: The total prime cost of a product was OMR8,400. The variable manufacturing overhead is calculated…

A: Direct labor cost = 40% of direct Material cost Prime cost = direct Material cost + 0.40 direct…

Q: Which of the following is a variable cost? O Acost that is $26,000 when production is 65,000, and…

A: There are primarily two types of cost namely fixed cost and variable cost Fixed costs are those…

Q: Utilize the weighted average method (for both of the following situations) to determine the…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: According to following information, which of the following is the total cost (OMR) and total cost…

A: Cost Equation form and Detailed explanation is given below,

Q: Assume that an industrial company producing two products x and y with the following cost and…

A: The selling price is the price determine for the sale of product to the customer with margin…

Q: The unit amount of three different production costs for Juanito Corporation, are as fol Production…

A: Cost X unit cost is same for both levels of production. Cost Y unit cost and total cost changes.…

Q: What level of output (number of units sold) would generate a net income of $15,020 if a product…

A:

Q: Calculate unit production cost if total manufacturing units was 5000

A: Given:  Total cost or production OMR94,600 No of Units Manufactured 5,000 Cost of goods manufactured…

Q: The following information relates to the operations of a company; cost per unit from supplier-…

A: Solution = Selling price is by adding 20%   cost of product is =80 selling price = 80/1-.20…

Q: The total prime cost of a product was OMR3,900. The variable manufacturing overhead is calculated…

A: Introduction  Manufacturing cost may be defined as that type of cost which occurs during the…

Q: LOL company uses the weighted average method to assign joint costs. Weight factors used to assign…

A: The question is based on the concept of Cost Accounting.

Q: Assume the following information for a company that produced 10,000 units and sold 8,000 units…

A: Fixed manufacturing overhead cost per unit in second year = Fixed manufacturing overhead /No. of…

Q: Salem Company has the following information for tables production 1,800 S1,900 1,140 Number of units…

A: Contribution margin per unit = Sales price per unit - Variable cost per unit

Q: The actual variable cost of goods sold for a product was $140 per unit, while the planned variable…

A:

Q: If the total cost function is y = 6,300 + 2X, calculate the variable cost for 4,400 units. OA.…

A: The question is related to Total Cost Function whic is  Y = a + bx  Where  a = Fixed Cost  b =…

Q: According to following information, which of the following is the total cost function in the form of…

A:

Q: The following variable production costs apply to goods made by Walton Manufacturing Corporation:…

A: Variable expenses are the expenses that increase with increase in production.

Q: Based on analyzing the production cost (Y) to units produced (X), the following relationship was…

A: Fixed cost is that cost which does not change due to level of activity and remains fixed for all…

Q: Information on equivalent production quantities and unit equivalent product costs of the production…

A: Equivalent production quantity refers to the quantity of the semi-finished that is converted into…

Q: The total cost of producing a product is given by (10)C(x) = 300x + 0.1x2 + 1200 Where x represents…

A: Given, x= Number of units produced C(x)= Total cost of producing x number of units.

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.