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- Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000 units are produced. What are the fixed costs per unit when 20,000 units are produced?
- 1. The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct labor cost ($)? a. 30,000 b. 10,000 c. 15,000 d. 5,000 e. 45,000The following costs related to Lillian Company: Variable Costs per unit: Direct materials $2.50 Direct labor $0.75 Overhead $1.25 Selling & Administrative $1.50 Fixed Costs: Overhead $10,000 Selling & Administrative $5,000 Each unit sells for $15.00. At a sales volume of 15,000 units, what is Lillian Company’s total cost?If fixed costs are $234,000, the unit selling price is $123, and the unit variable costs are $80, what is the break-even sales (units)? a.5,442 units b.1,902 units c.1,153 units d.2,925 units At the end of the year, overhead applied was $3,728,000. Actual overhead was $3,377,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a.decrease by $702,000 b.increase by $351,000 c.decrease by $351,000 d.increase by $702,000 Bryce Co. sales are $881,000, variable costs are $460,800, and operating income is $288,000. What is the contribution margin ratio? a.47.7% b.52.3% c.57.5% d.43.4%
- Last year, Regio Company incurred the following costs: Direct materials 50,000 Direct Labor 20,000 Manufacturing overhead 130,000 Selling expense 40,000 Administrative expense 36,000 Regio produced and sold 10,000 units at a price of 31 each. 1. What is the prime cost per unit? 2. What is the conversion cost per unit? 3. What is the cost of goods sold per unit 4. What is the gross profit per unit? 5. What is the operating income?Average Cost per UnitDirect materials . . . . . . . . . . . . . . . . . . . . . . . . . $7.00Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4.00Variable manufacturing overhead . . . . . . . . . $1.50Fixed manufacturing overhead . . . . . . . . . . . $5.00Fixed selling expense . . . . . . . . . . . . . . . . . . . $3.50Fixed administrative expense . . . . . . . . . . . . . $2.50Sales commissions . . . . . . . . . . . . . . . . . . . . . . $1.00Variable administrative expense . . . . . . . . . . $0.50 Answer all questions independently.Required:1. What is the incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units?2. What is the incremental cost incurred if the company increases production and sales from 20,000 to 20,001 units?3. Assume that Kubin Company produced 20,000 units and expects to sell 19,800 of them. If a new customer unexpectedly emerges…8. You are More than a Grade (YMG) manufactured 10,000 units in the previous year. An excerpt from their financial statement has been provided below: o Sales Revenue $1,000,000 o Cost of Goods Sold ($400,000) o SG&A expenses ($100,000) o Operating income $500,000 Of the amounts reported on the financial statements, 20% of the cost of goods sold and 60% of the SG&A expenses are variable costs. What is the per unit variable cost? $5.00 unit variable cost $6.00 unit variable cost $14.00 unit variable cost $4.00 unit variable cost
- 3- A company, to manufacture 1,000 monthly units of a certain product, makes the following expenses: direct raw material: R$80,000.00; direct labor: $30,000.00; indirect labor: R$45,000.00 and other fixed costs: R$55,000.00. Assuming that direct raw material and direct labor are variable costs and indirect labor is fixed, the unit cost for the company to produce 2500 units is: *a) R$ 150.00b) R$ 144.00c) R$ 155.00d) R$ 160.00Company XYZ has total prime cost of $6,000 and total conversion cost of $12,000. Assume that manufacturing overhead cost is three times the direct labor cost, how much is the direct materials cost? Select one: O a. 6,000 O b. None of the given answers O C. 4,000 O d. 9,000 O e. 3,00016. Platinum Corporation gathered the ff. data for its maintenance costs: Units produced 100,000 90,000 106,000 Total costs 1,300,000 1,500,000 1,750,000 Using high-low method, what is the variable cost per unit?