Min z? reglar unit cost? and suber unit cost?
Q: Variable cost per uni
A: The total cost of production of a good comprises of the total fixed cost of production and the total…
Q: How much is the Alpha Unit segment controllable margin?
A: Segment controllable margin means the profit earned after deducting the variable expenses and…
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: ost flow methods and assumptions. What
A: The different cost flow methods and assumptions are as follows: FIFO LIFO Weighted average
Q: total cost function
A: We know that fixed cost remains constant irrespective of the level of activity and variable cost…
Q: types of cost drivers with example?
A: Explain the types of Cost Drivers.
Q: Compute total prime cost
A: Direct material cost = Cost of hardware + Cost of wood = $43,400 + $121,100 =$164,500
Q: Assign costs to unitsusing the weighted-averagemethod.
A: Cost: It refers to the economic value incurred by an organization for manufacturing a product or…
Q: t variable cost o Compute the
A: Ans to Obj.3 Working Particulars Amount $…
Q: Using the high-low method, determine the cost function for each cost?
A: High low method of cost estimation says that costs at highest level and lowest level are to be taken…
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: In the standard cost formula Y = a + bX, what does the "Y" represent? total cost variable cost per…
A: Variable cost: Variable cost refers to that cost which gets increased with the increase in the…
Q: Explain average cost method.
A: Average cost method: Under average cost method inventories are priced at the average of all…
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: 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: 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: What is the purpose for determining the cost per equivalent unit?
A: Equivalent units of production are applied to the work-in process inventory at the end of an…
Q: What is a variable cost? Identify two variable costs.
A:
Q: What is the total variable cost per unit What is the total fixed cost What is the contribution…
A: Contribution margin per unit=Revenue per unit- Variable cost per unitRevenue per unit×100
Q: In the cost behavior equation, b*X denotes the variable cost per unit. Select one: O True O False
A: Cost behavior formula = a+ b*x
Q: determine unit cost under variable costing?
A: Costing techniques are important concept used in cost accounting branch. There are two type of…
Q: d. Perpetual system, LIFO cost flow. e. Periodic system, weighted-average cost flow. f.…
A: Perpetual inventory system - Movement of inventory is recorded on regular basis. Periodic inventory…
Q: cost equation?
A: Consider the cost equation Y = a + bX, where, Y = Total cost a = Fixed cost. b = Variable cost per…
Q: Explain a linear cost function.
A: A function where the cost depends linearly upon the number of units produced is called a linear cost…
Q: Describe the Unit-Profit or Unit-Cost Calculation?
A: A unit cost is a net expense a firm has incurred to manufacture, store, and sell one unit of a…
Q: In applying the high-low method, what is the unit variable cost?
A: Formula: Variable cost per unit= Total cost of high actvity- Total cost of low actvityHighest…
Q: Distinguish the effect of First in first out (FIFO), Last in last out (LIFO) and average cost on…
A: There are three method of Inventory valuation First in first out ( FIFO ) Last in first out ( LIFO…
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: Define the terms sunk cost and differential cost.
A: Differential cost: Differential cost is the change in total cost due to increase or decrease in…
Q: What Is load percent?
A: Load Percent: It is the percentage of load at which the system is operating. The total load is given…
Q: How is conversion costs per equivalent unit calculated?
A: The cost per unit is calculated as total cost divided by number of units.
Q: . What was Product Z’s unit cost under absorption costing? 2. What was Product Z’s unit cost under…
A: Total variable manufacturing cost = Direct material + direct labor + variable manufacturing overhead…
Q: a. What was Product Z’s unit cost under absorption costing? b. What was Product Z’s unit cost under…
A: Absorption costing and Variable costing are two types of costing methods that are being used in the…
Q: How does GPK compare to ABC costing?
A: GPK is a German costing methodology which was developed to provide an accurate calculation of the…
Q: Write the equation for the Unit contribution margin?
A: Answer: Cost volume profit analysis estimates how cost changes in both fixed and variable, sales…
Q: compute the cost per equivalent unit
A: Units completed = 3000 units Normal Spoilage = 700 units Ending inventory (100% Direct Material) =…
Q: What Is Total Cost Reporting?
A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…
Q: Distinguish between fixed cost and variable cost.
A: Fixed Costs: These are the costs that remain constant in total dollar amount irrespective to 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: ases? or only in t
A: The explanation is given below ,
Q: Product and period cost according to absorption costing and Variable costing with examples ?
A: Absorption costing is a method where all the cost related to the manufacturing process is considered…
Q: What is a target cost per unit?
A: The target cost per unit refers to the cost that is to be estimated that the customers are willing…
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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- A diesel engine uses Type A filter and a high grade lubricating oil costing P55.00 per liter. With this filter, the oil and the filter have to be changed every 500 hours of operation, and 5 liters of oil have to be added every 100 hours. This filter costs P1480.00 a piece. Eighty liters of oil fill the engine. Another type, filter B, costing P1200.00 may be used with a lower grade of oil costing P48.00 per liter. However, if this filter is used, the oil and filter have to be changed every 300 hours & 10 liters are added after each 150 hours the engine is used. Which type of filter & oil would you recommend?United Oil Company is attempting to develop a reasonably priced unleaded gasoline that will deliver higher gasoline mileages than can be achieved by its current unleaded gasolines. As part of its development process, United Oil wishes to study the effect of two independent variables—x1, amount of gasoline additive RST (0, 1, or 2 units), and x2, amount of gasoline additive XST (0, 1, 2, or 3 units), on gasoline mileage, y. Mileage tests are carried out using equipment that simulates driving under prescribed conditions. The combinations of x1 and x2 used in the experiment, along with the corresponding values of y, are given below. RSTUnits(x1) XSTUnits(x2) Gas Mileage(y, mpg) 0 0 27.30 0 0 28.25 0 0 28.61 1 0 29.45 1 0 30.69 2 0 28.26 2 0 29.27 0 1 32.50 0 1 33.55 1 1 33.76 1 1 34.94 0 2 32.73 0 2 33.75 1 2 34.43 1 2 35.45 1 2 35.92 Run the…The octane number of a gasoline was determined using a mixture of iso-octane and n- heptane with the same knocking tendency as gasoline. If the liquid fuel is burned in 50% excess air, with a product gas molal ratio of CO, to CO of 6:2 and H, to CO of 2:1, what Orsat analysis is expected? Assume an octane number of 85. Density of iso-octane is 0.6918 and n-heptane is 0.684 g/ml. 1. Determine the Orsat analysis of the stack gas. 2. Determine the Complete analysis of the stack gas. 3. Determine the octane number of the gasoline.
- A) A boat has a diesel fuel tank capacity of 100 L. A particular gas station near the Bridge charges a service charge of $6.00 plus $1.80 per liter of diesel. In this case, we can model the cost of diesel by C(n) = 1.80n + 6.00, where C is the cost of the diesel in dollars and n is the number of liters. If the sailboat uses the gas station to fill up, what would be the domain for the equation, the range of costs, and the independent and dependent variables? B) If one birchbark canoe can travel up to 16 km/h, then the equation for distance versus time would be s(t) = 16t, where s is the distance traveled in km and t is the time in hours. Is this a linear or non-linear relationship? How far does the canoe travel after 3 hours? 5 hours? C) One particular game sells for $60 and there is a monthly fee of $8 for playing the game with other players online. Make up variables for the independent and dependent variable and explain their meaning. Then create an equation that can represent the…Al Bard Manufacturing LLC is planning to establish a subsidiary company in Dubai to produce mineral water. The production manager of the company has provided you the following information and requested you to calculate the per unit variable cost using marginal costing technique. If production is 100,000 units, selling price per unit is RO 12, fixed cost is RO 200,000, and Profit is RO 200,000. a. RO 2 per unit b. RO 5 per unit c. RO 6 per unit d. RO 8 per unitPyson company produces air-purifier fan B177 model. This model is the best seller with expected annual sales of 20,000 units. Each B117 fan has a thermostat component which enables the fan to automatically work upon a pre-set temperature. The company has always produced the thermostat component internally, but the general manager is considering purchasing this component from an external supplier. The purchase decision would eliminate all variable costs but some of the fixed costs. Allocated costs will have to be absorbed by other production departments. Variable manufacturing costs to produce each thermostat component were: Direct materials per unit: $6Direct labour per unit: $4.80Indirect labour per unit: $0.66Utilities per unit: $0.60Fixed manufacturing costs to produce each thermostat component were: Cost item Direct Allocated Depreciation $3,300 $2,700 Property taxes $1,500 $600 Insurance $2,850 $1,350 Pyson currently receives an offer from Flurry Ltd. to purchase a similar…
- A consulting engineer is considering two pumps to meet a demand of 15,000 gallons/minute at 12 feet total dynamic head. The specific gravity of the liquid being pumped is 1.50. Pump A operates at 70% efficiency and costs $12,000; pump B operates at 75% efficiency and costs $18,000. Power costs $0.015/kilowatt-hour. Continuous pumping for 365 days/year is required (i.e., 24 hours/day). Using a MARR of 10% and assuming equalsalvage values for both pumps, how many years of service are required forpump B to be justified economically? (Note: Dynamic head times gallon/ minute times specific gravity divided by 3960 equals horsepower required. Horsepower times 0.746 equals kilowatts required.)Continental Engineering Ltd manufactures three types of ceramic coffee percolator; the Silver, Gold and the Platinum models. The maximum market demand and resource requirements of each of these products are shown below. The percolators are made from an advanced heat-resistant material that gives the firm a competitive advantage. An email from the purchasing manager has informed you that, because of a problem with the supplier, it should be assumed that the half year’s supply of this special material is limited to 90,000kg. Continental operates on a just-in-time production (JIT) method so that opening and closing inventory levels are zero. The sales director has already accepted an order for 5,000 Gold percolators that, if not fulfilled, would incur a financial penalty of £10,000. This order is included in the Gold’s maximum market demand figure. Continental’s directors need to know whether they should go ahead and satisfy the contract and then prioritise production in the…Continental Engineering Ltd manufactures three types of ceramic coffee percolator; the Silver, Gold and the Platinum models. The maximum market demand and resource requirements of each of these products are shown below. The percolators are made from an advanced heat-resistant material that gives the firm a competitive advantage. An email from the purchasing manager has informed you that, because of a problem with the supplier, it should be assumed that the half year’s supply of this special material is limited to 90,000kg. Continental operates on a just-in-time production (JIT) method so that opening and closing inventory levels are zero. The sales director has already accepted an order for 5,000 Gold percolators that, if not fulfilled, would incur a financial penalty of £10,000. This order is included in the Gold’s maximum market demand figure. Continental’s directors need to know whether they should go ahead and satisfy the contract and then prioritise production in the…
- Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $16.00 per unit Annual fixed costs, $985,900 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,113,700 Corrigan’s selling price is $64 per unit for the universal gismo, which is subject to a 15 percent sales commission. (In the following requirements, ignore income taxes.) 2A. Calculate the net income of the two systems if sales and production are expected to average 46,000 units per year. 3. Assume Model 4399 requires the purchase of additional equipment that is not reflected in the preceding figures. The equipment will cost $440,000 and will be depreciated over a five-year life by the straight-line method. How many units must Corrigan sell to earn $965,000 of income if Model 4399 is selected? As in requirement 2,…Old Southwest Canning Co. has determined that any one of four machines can be used in a certain phase of its chili-canning operation. The first costsand annual operating costs (AOC) are estimated below, and all machines have a 5-year life. The MARR is 25% per year. (a) Determine which machine should be selected on the basis of a rate of return analysis. (b) Use a spreadsheet to perform PW analysis of each machine. Compare the machine selections with that of the ROR analysis.Alderon Enterprises is evaluating a special order it has received for a ceramic fixture to be used in aircraft engines. Alderon has recently been operating at less than full capacity, so the firm's management will accept the order if the price offered exceeds the costs that will be incurred in producing it. You have been asked for advice on how to determine the cost of two raw materials that would be required to produce the order. A) The special order will require 800 gallons of Endor, a highly perishable material that is purchased as needed. Alderon currently has 1,200 gallons of Endor on hand, since the material is used in virtually all of the company's products. The last time endor was purchased, Alderon paid $5.00 per gallon. However, the average price paid for the endor in stock was only $4.75. The market price for the Endor is quite volatile, with the current price at $5.50. If the special order is accepted, Alderon will have to place a new order next week to replace the…