Answered: Units Produced Production Costs P 4,000…

Units Produced Production Costs P 4,000 8,000 6,000 7,500 8,500 7,250 Month April Маy June July August September 500 700 900 600 800 550

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: If sales are $28,000 , variable costs are $ 8,000 , and fixed costs are $4,000 , the contribution…

A: The contribution margin can be calculated by using this equation Contribution margin ratio…

Q: If sales are $22,000, variable costs are $8,000, and fixed costs are $2,500, the contribution margin…

A: The contribution margin ratio shows the percentage of sales revenue remaining after the business has…

Q: If Actual sales are OMR 490000, Total Fixed costs OMR 135000, Selling price per unit OMR 50, and…

A: Actual sales = OMR 490000 Total fixed cost = OMR 135000 Selling price per unit = OMR 50 Variable…

Q: For each cost function (given in dollars), find the cost, average cost, and marginal cost at a…

A: a) when q=1000…

Q: In the CVP analysis, at the point of breakeven O a. total contribution margin minus total fixed…

A: The break even sales units are the sales where business earns no profit no loss.

Q: If sales are $828,000, variable costs are 68% of sales, and operating income is $278,000, what is…

A: solution note Dear student as per the Q&A guideline we are required to answer the first question…

Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…

Q: Your boss would like you to estimate the fixed and variable components of a particular cost Actual…

A: The least-squares regression method is a technique used to estimate a linear total cost function,…

Q: The Perize Corporation used regression analysis to predict the annual cost of indirect materials.…

A: Introduction:- Perize Corporation used regression analysis to predict the annual cost of indirect…

Q: If the unit selling price is $186 and the variable cost per unit is $53 and the total fixed costs…

A: Given; Selling Price = $ 186 Variable cost per unit = $53 Fixed cost = $612,550 Formula for…

Q: Machine A has fixed costs of P500,000 and a variable cost of P20. Machine B has fixed costs of…

A: Solution: Indifference point in units = Difference in fixed costs / Difference in variable cost per…

Q: Based on the following cost data, what conclusions can you make about Product A and Product B? Total…

A: Determine the type of cost for Product A.

Q: Variable costs are 60% of the unit selling price. The contribution margin ratio is 40%. The…

A: Break-even point is the level of sales at which company covers it fixed cost or earn no profit. It…

Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…

A: Determination of Variable cost per unit cost at highest unit-cost at lowest unit/Highest…

Q: When fixed costs are $18,000 and the contribution margin per unit is $4, the breakeven point is

A: Breakeven point is the point at which total revenue is equal to total costs. It is calculated as:…

Q: If the total fixed costs Omr 75000, variable cost per unit Omr 15 and contribution margin per units…

A: Solution: Break even point (units) = Fixed cost / Contribution margin per unit = 75000 / 25 = 3000…

Q: Suppose that the cost of producing X units of a product in a manufacturing company is F + VX where F…

A: Under the high low method, it separates the fixed as well as variable costs which is given for the…

Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…

A: Fixed costs and Variable costs are the two aspects of Total Costs. Fixed costs are costs that have…

Q: If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin…

A: Contribution margin ratio is the difference between sales cost and variable cost in percentage…

Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…

Q: XYZ Company uses the high low method to analyze the mixed cost. According to the cost formula…

A: Total Cost = Fixed Cost + Total Variable Cost

Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…

A: a. Calculate the variable cost per unit using the high low method.

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: The average contribution margin per unit for products a, b, and c is 9,50, and 44, respectively. The…

A: Weighted average contribution margin = sum of average contribution margin per unit for products a,…

Q: Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per…

A: Intercept is the total fixed cost and slope of cost function is the variable cost per unit. And the…

Q: If Actual sales are OMR 470000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and…

A: The answer for the multiple choice question and relevant working are presented hereunder : Actual…

Q: In linear breakeven analysis, if process A has a variable cost of $45 per unit and process B has a…

A: Breakeven point is the point where the total cost matches the total revenue. There is no situation…

Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…

Q: From the below given data, which cost has no relationship with the level of output? Type of cost…

A: Cost accounting is the study of the principles and rules governing the cost determination of…

Q: Steven Company has fixed costs of $221,216. The unit selling price, variable cost per unit, and…

A: Weighted average contribution margin per unit = (Contribution margin for Product X*sales mix %) +…

Q: Newport, Inc. used Excel to run a least-squares regression analysis, which resulted in the following…

A: Regression analysis seems to be a statistical tool for analyzing and comprehending the connection…

Q: If fixed costs are $561,000 and the unit contribution margin is $8.00, what is the break-even point…

A: Meaning of Break Even Point:- The break-even point can be defined as a point where total costs…

Q: If Actual sales are OMR 600000, Total Fixed costs OMR 150000, Selling price per unit OMR 50, and…

A: Margin of safety sales means sales revenue over and above breakeven sales revenue. Margin of Safety…

Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: Variable cost per unit = (highest cost - lowest cost) /(highest units - lowest units)

Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost)/(Highest activity units -…

Q: ing the following data, apply the high-low method of cost analysis to the three cost data groups:…

A: The correct option with proper explanation are as follows.

Q: Encircle the followings:  Which of the following is a definition of break-even point? a) The…

A: The cost-volume-profit analysis is helpful in looking at the impact of different levels of volume…

Q: if Actual sales are OMR 490000, Total Fixed costs OMR 135000, Selling price per unit OMR 50, and…

A: Ans. Break even point = Fixed cost ÷ Contribution per unit And margin of safety is the difference…

Q: NUBD Co. manufactures and sells a single product. If the selling price and variable costs both…

A: we know that, Fixed cost in total will remain the same and fixed cost per unit will change as per…

Q: If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin…

A: Contribution margin is the sales revenue over and above its variable costs.

Q: The break-even point in CVP analysis is defined as the point 1) where output units equal input…

A: A Break-even point is a level of sales at which there is no profit or loss. Hence, at the break-even…

Q: Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? O a. The fixed…

A: The $6.50 represent variable expense, x represent no. of units and $3,000 represent fixed costs. The…

Question

If the high-low points method is used, the results when compared with those under the method of least squares, are (Variable Cost Per Unit, Total Fixed Costs). the given is

a. Equal, Equal

b. Higher by P1.26, Lower by P2,850

c. Lower by P1.26, Higher by P2,850

d. Higher by P5 , Lower by P1,500

Month
Units Produced
Production Costs
April
Мay
June
July
August
September
P 4,000
8,000
6,000
7,500
8,500
7,250
500
700
900
600
800
550

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Clay Company: What amount should be reported as operating profit for Segment One? * a. 1250000 b. 1000000 c. 650000 d. 500000
a. 20,000 and 170,000b. 170,000 and 650,000c. 500,000 and 650,000d. 500,000 and 170,000
choices • P999,750 • P970,000 • P996,502 • P1,005,000
A. P630,000 B. P525,000 C. P1,050,000 D. P0
SCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
Y0: -190000 Y1: 80150 Y2: 83100 Y3: 86900 What is IRR for project?
The cost of goods manufactured was P49,632.50 P28,762.50 P27,747.50 P50,647.50
1. see image for the question and statmentchoices: a. 176,000b. 263,000c. 204,000d. 321,000
What is the correct answer? A. P129,000 B. P135,000 C. P112,000 D. P127,600
25. The following information pertains to the production of Beautiful Company for the month of January 2022: SHOWN IN PICTURE a. • P999,750 b.• P970,000 c. • P996,502 d. • P1,005,000