Required: abem sd bluow 5gslioqe lammonds lo t200 od by 1. Prepare a physical flow schedule. bas (Iomhsqb insupsedua) 2201 ni hoW 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost under weighted average. Wibora bae bo
Q: The following data points are available. This is an example of a ________ cost. Units Costs 600…
A: Variable cost is change as per the quantity of the goods. The variable cost remains same for every…
Q: Determine direct materials standards. BE12.2 (LO 1) Hideo Company accumulates the following data…
A: Introduction: Materials and supplies consumed during the manufacturing of a product that are…
Q: What type of cost is this? Total Costs Units January $136250 500 February $190750 700 If it is a…
A: Determine cost per unit for both the months.
Q: If you know : 1-The number of production ( B1 ) ( 3000 ) unit . 2-The number of production ( B2 ) (…
A: In the given question, we have been given two product units, normal loss units, and joint cost of…
Q: Production Facilities cost is 465000 OMR. Total Variable cost is 65000 OMR. Calculate Total Fixed…
A: PRODUCTION COST INCLUDE BOTH FIXED AND VARIABLE COST . TOTAL PRODUCTION COST : = TOTAL FIXED COST…
Q: Leatned cCosporationbas pronaea inso costper COst pel period direc marerials: direct Laoor: variable…
A: 1.Product cost: The cost which is used to manufacture the product is called product manufacturing…
Q: Red units produced ted aterial oves rect labor-hours per d su
A: $196,427 Given Total material handling cost =$250,000 apart of the above cost between Merone…
Q: Specify Production schedule that would minimize total cost. TIME PERIOD 1 4 DEMAND 60 100 140 200…
A: The entity decides its production schedule based on the total cost incurred in the production and…
Q: The following department data are available: Total materials costs OMR 180,000 Equivalent units of…
A: Total material cost = OMR 180,000 Equivalent unit of material = 60,000 Material cost per unit = OMR…
Q: Use the data to prepare the cost statement and income statement by use the variable cost . The…
A: The above question relates to preparation of Cost Sheet and Income Statement and Number of units…
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: Requirement 1. Classify each of the costs as output-unit-level, batch-level, output-sustaining, or…
A: Hey, Since there are multiple questions posted, we will answer first question. If you want any…
Q: A company reports the following for one of its products. Direct materiels standard (4 pounds @ s2…
A: Lets understand the basics. Material price variance is a variance between the rate at which material…
Q: Given the following information, choose the cost and activity that would be used as the high data…
A: Solution... Using the High low method for finding variable cost and the fixed costs the Highest…
Q: Conversion cost per unit equals $5. Total materials cost equal S91100. Equivalent units for…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Company XYZ has total prime cost of $6,000 and total conversion cost of $12,000. Assume that…
A: Following is the answer to given question
Q: 5) Determine the over or under absorption of overhead for Mixing department. Show your detailed…
A: Manufacturing overhead means the expense incurred in factory which is not directly linked with…
Q: The following standard costs were developed for one of the products of ELJAY Sdn Bhd (ESB): STANDARD…
A: Overhead Cost Variance is divided into 2 parts: Variable Overhead Cost Variance Fixed Overhead Cost…
Q: The direct labor rate is $26.00 per DLH. The direct materials cost per unit for each product is…
A: The overhead rate is calculated as estimated total overhead cost divided by estimated activity…
Q: nead cost allocated to Beta by using activity-based costing 444,000. $356,000. $328,000. 5472,000.…
A: Total overhead cost allocated to beta as per activity based coating is a) $ 444000
Q: ! Required information Foundational [LO10-1, LO10-2, LO10-3] [The following information applies to…
A: 11. Labor spending variance shows the difference between actual and budgeted labor expenses. It is…
Q: Solution:. machinex Machine y. Inilical cost -30 -23 saluage vuwue ofM Cost scÉvice dibe 3 -2-5 -4…
A: Future worth analysis is an important concept of financial management and financial economics. It…
Q: The following department data are available: Total materials costs OMR 180,000 Equivalent units of…
A: Manufacturing Cost per unit is sum of total cost per unit incurred for manufacturing the product. In…
Q: 1. What type of cost behavior (fixed, variable, or mixed) is displayed in each of the following?…
A: As per our guidelines, we are supposed to answer only one question(if multiple questions asked)…
Q: A. Using the high-low method, express the company's utility costs as an equation where X represents…
A: Solution Note Dear student as per the Q&A guideline we are required to solve first three…
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: Total Material cost is 260000 OMR Fixed cost is 0. calculate Total Vairable cost a. 260000 OMR b.…
A: Answer: Calculation of the total variable cost: Formula, Total cost = Total variable cost - Total…
Q: 2.Gross com. operates a product. Output from the process for a month was as follows: Units of output…
A: Lets understand the basics. In Physical measurement of allocating joint cost method, cost are…
Q: The costs allocated to each cost center are as follows: Q3: X Y Total of Primary Distribution 40.000…
A: Cost Allocation - It is the process of identifying, combining and assigning cost to different…
Q: 1 Petermine the following graphically for: a Actual cost per pound of raw materials h Actual number…
A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…
Q: 2 Given the following data, calculate the total product cost per unit under variable costing. Direct…
A: Formula: Total product cost under variable costing: Direct materials + Direct labor + Variable…
Q: Cantrall Company is trying to decide which pr materials costs are $4.00 per unit for each proc per…
A: When deciding between options or alternatives, there are two sorts of costs to consider: relevant…
Q: Find the missing information Output Fixed Variable Total Cost (units) Costs Costs Costs per unit…
A: Total costs = Fixed costs + variable costs
Q: Total Material cost is 500000 OMR Fixed cost is 0. Calculate Total Variable cost Select one: O a.…
A: Variable cost refers to the cost that changes with the change in units of production. It changes in…
Q: Total Labour Cost is 315000 OMR. Total labour Fixed cost is 50000 OMR. Calculate Total labour…
A: Total Labour cost = Total labour Variable cost + Total labour fixed cost
Q: Question # 1 Standard and the actual costs for direct materials and direct labor are given as…
A: Solution: Material Price variance: = (Standard price - Actual price)* Actual quantity = (5 -…
Q: The cost of materials for product A are as follows. Material W: $2,250 Material X: $3,000…
A: We have the following information: Material W: $2,250 Material X: $3,000 Material Y: $3,600…
Q: Given the cost formula Y = $12,500 + $5.00X, total cost for an activity level of 4,000 units would…
A: Variable costs: These costs are incurred in conjunction to the volume of goods produced or sold. It…
Q: Company has the following production information available for June: Fotal materials costs…
A: Manufacturing cost per unit is calculated based on the cost incurred and equivalent units. Per unit…
Q: Use the data to prepare the cost statement and Income statement by use the Total cost and Variable…
A: Cost Statement includes all the data related to cost like direct material, direct wages, direct…
Q: of IDR 345,000,000 to each product and calculate the cost / unit of each product if PT DZAKI uses…
A: Cost accounting A method of managerial accounting under which the total cost of production is…
Q: What is the joint cost allocated to product Alt if the company employs physical method? P333,333…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Cumudeatmbus Ltd operales a standard costing system. The standard direct materials to produce 600…
A: a. Material mix Standard mix in percentage Type Standard mix In percentage Calculation E 25%…
Q: What is the total units to account for (TUTAF) in Department 1? a.20,000 b.18,500 c.19,000 d.18,000…
A: Equivalent units of products concept came in to existence when some units are not fully completed at…
Q: Department of e eginning work in rred out 9,100ur sion costs. e equivalent units
A: When units are completed partially at the beginning and end of the year, percentage of completion is…
Q: Assume thet e compeny makes oriy one product meinteins no beginring or encing inventories, and uses…
A:
Q: C(x) = 4,500 + 30x + 0.2x² en the average cost of producing x items is represented by the following…
A: total cost function C(x)=4,500+30x+0.2x^2 average cost function C(x)=total costx=4500x+30+0.2x a)…
Problem 6-31 number 1 - 5
Step by step
Solved in 2 steps
- Based on the diagram, which represents the EOQ model.Which line segment represents the length of time to consume the total quantity of materials ordered? a. DE b. BC c. AC d. AE e. ADUse the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…using the average method what is the total equivalent units of production under process 3 for materials and conversion, respectively? 15,110 and 15,140, 15,200 and 15,200, 14,950 and 14,950, 15,200 and 15,000
- According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 16500. %3DChoose the most appropriate answer(s): Conversion cost is $20,000 and manufacturing overhead cost is $7,000, then direct manufacturing labor cost will be: $27,000 $13,000 $130,000 $29,500 Terms used in manufacturing cost systems are: manufacturing costs prime costs conversion costs both B and C03(Cost Accounting) Determine the following using the First-In First-Out (FIFO) method of process costing: 1. Equivalent units of production for materials and conversion cost 2. unit costs, and; 3. Inventory values
- What is the equivalent units of production for materials? a. 42,000 b. 45,000 c. 48,000 d. 60,000This topic is about Cost Behavior. Observations Unit Volume Total Production Cost 1 6,500 26,500 2 7,000 28,000 3 8,100 31,800 4 5,500 24,500 5 5,400 25,000 6 3,600 21,400 7 3,400 15,300 8 7,500 28,500 9 3,500 19,000 10 3,000 18,000 11 9,000 32,000 12 4,400 21,500 13 7,200 28,500 14 500 5,000 Using the data above, create a scattegraph method and determine the total variable cost per unit total fixed cost, and total variable cost.SM3 Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. Standard Cost per UnitActual Cost per UnitDirect materials:Standard: 1.80 feet at $2.00 per foot$ 3.60Actual: 1.75 feet at $2.20 per foot$ 3.85Direct labor:Standard: 0.90 hours at $20.00 per hour18.00Actual: 0.95 hours at $19.40 per hour18.43Variable overhead:Standard: 0.90 hours at $6.40 per hour5.76Actual: 0.95 hours at $6.00 per hour5.70Total cost per unit$ 27.36$ 27.98Excess of actual cost over standard cost per unit$ 0.62 The production superintendent was pleased when he saw this report and commented: “This $0.62 excess cost is well within the 5 percent limit management has set for acceptable variances. It's obvious that there's not much to worry about with this product." Actual production for the month was 12,500 units. Variable overhead cost is assigned to products on the basis of direct labor-hours. There were no…
- Henry Company has established the following standards for the costs of one unit of its product. Thestandard production overhead costs per unit are based on direct-labor hours. Calculation for standard perunit cost is as follows:Std Cost Std Qty Std Price/RateDirect Material $ 14.40 6.00 kg $ 2.40 per kgDirect Labor $ 3.00 0.40 hour $ 7.50 per hourVariable Overhead $ 4.00 0.40 hour $ 10.00 per hourFixed Overhead* $ 4.80 0.40 hour $ 12.00 per hourTotal $ 26.20*based on practical capacity of 2,500 direct-labor hour per monthDuring December 2020, Henry purchased 30,000 kg of direct material at a total cost of $75,000. The totalwages for December were $20,000, 75% of which were for direct labor. Henry manufactured 4,500 unitsof product during December 2020, using 28,000kg of the direct material purchased in December and2,100 direct-labor hours. Actual variable and fixed overhead cost were $23,100 and $25,000, respectively.The scheduled production for the month was 5,000…What is the total units to account for (TUTAF) in Department 1? a.20,000 b.18,500 c.19,000 d.18,000 What is the equivalent units of production (EUP) on Materials in Department 1? a.19,500 b.19,000 c.18,500 d.20,000 What is the equivalent units of production (EUP) on Materials in Department 2? a.18,500 b.19,000 c.18,275 d.18,850 What is the equivalent units of production (EUP) on conversion in Department 3? a.19,000 b.18,500 c.18,275 d.18,850 What is the average unit cost of finished goods transferred out from Department 3? a.14.89 b.15.23 c.15.17 d.15.36Indirect cost allocationCalculate the overhead surcharges for material, manufacturing & admin based on the followinginformation (numbers in kEUR, unless stated otherwise):Information on direct costsDirect material costs 5,000Direct manufacturing costs 7,500 Information on indirect costsEnergy 2,100Maintenance 500Vehicles 360Material 240Manufacturing 1,200Admin 750 Information on cost allocationEnergy 15,000 MWh manufacturing, 3,500 MWh maintenance, 1500 MWh material, 1,000 MWh admin Maintenance 5 hrs vehicles, 35 hrs manufacturing, 5 hrs material, 5 hrs adminVehicles 3 cars material, 6 cars manufacturing, 21 cars admin