Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with themanufacturing activity:Variable costs:Direct materials usedDirect laborIndirect materials and suppliesPower to run plant equipmentFixed costs:Supervisory salariesPlant utilities (other than for plant equipment)Depreciation on plant and equipmentProperty taxes on buildingAnswer is not complete.$ 10,965.00$ 8,160.00$ 19,125.00($000)$ 6,120.04,060.01,420.01,300.0Required:Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects aslowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units areproduced next year.Note: Enter your total cost answers in thousands. Round your answers to 2 decimal places.Total variable costsTotal fixed costsTotal costsUnit costs$ 2,460.01,896.72,285.01,518.3

The variable cost per unit and fixed costs in total remain constant at every level of production.…

Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor Indirect materials and supplies Power to run plant equipment Fixed costs: Supervisory salaries Plant utilities (other than for plant equipment) Depreciation on plant and equipment Property taxes on building (5000) $ 6,120.0 4,060.0 1,420.0 1,300.0 $ 2,460.0 1,896.7 2,285.0 1,518.3 Required: Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year. Note: Enter your total cost answers in thousands. Round your answers to 2 decimal places.

Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor Indirect materials and supplies Power to run plant equipment Fixed costs: Supervisory salaries Plant utilities (other than for plant equipment) Depreciation on plant and equipment Property taxes on building (5000) $ 6,120.0 4,060.0 1,420.0 1,300.0 $ 2,460.0 1,896.7 2,285.0 1,518.3 Required: Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year. Note: Enter your total cost answers in thousands. Round your answers to 2 decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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