Units Sold 25 50 75 100 a. Total phone cost $ 150 $ 200 $ 250 2$ 300 b. Materials cost per unit 35 35 35 35 c. Manager's salary 3,000 3,000 3,000 3,000 d. Depreciation cost per unit 60 30 20 15 e. Total utility cost 400 650 900 1,150 f. Total cost of goods sold 3,125 6,250 9,375 12,500
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Determining cost behavior
Identify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain your reason.
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- 3) Calculate the Cost of Raw Materials Used using the below info: RM Beginning Inventory $ 50,000 RM Purchased $ 75,000 RM Available for Use ? RM Ending Inventory $ 25,000 Cost of Raw Materials Used ? 4) Using the Cost of Materials Used from Problem #3, calculate the Cost of Goods Manufactured: Raw Materials ? Direct Labor $ 75,000 MOH Applied $ 125,000 Cost of Goods Manufactured ?21. BRIAN POGI Co. manufactured the following units: Saleable 10,000 units Unsaleable Normal Loss 400 units Abnormal Loss 600 units Manufacturing costs totaled P198,000. What amount should the entity debit to finished goods?Brian Pogi Co. manufactured the following units: Saleable 10,000 units Unsaleable Normal Loss 400 units Abnormal Loss 600 units Manufacturing costs totaled P198,000. a. How much is the period cost? b. What amount should the entity debit to finished goods?
- Hh1. Account ABC company purchased product A and product B. The manufacturer sent an invoice 3000 units of Product A, with unit cost $1.79 and 1500 units of product B, with unit cost $1.69. Total purchase $7905. Total freight cost for 2 products is $2708.70, which paid to other shipping company. ABC received 3024 units of product A and 1600 units of product B since the manufacturer can produce more products for this batch. Calculate the final landed unit cost of product A and product B. Please use excel to show calculation.. Consider the following information: ITEM SALES(Units) SALES VARIABLE COST A 9000 $54000 5.95 B 12000 60000 3.75 C 15000 60000 3.50 D 25000 75000 1.75 Costs of the period are as follows (salaries $45000, rent $10000, depreciation $8000, furniture and computers $24000, raw materials $ 120,000, insurance $5000, periodic maintenance $4000, interest expense $3000, utilities (fixed) $4000, property tax $3000, advertising $9000 (set at the beginning of the year), and new cars $62000). What is the breakeven point for all items? How many units of item A, B, C, & D are needed to breakeven? Calculate the profit of item A.Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in progress is 4000, and closing stock of Work in progress is 5000 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 13750 OMR, Cost of goods manufactured 358500 OMR Calculate cost of Goods Sold. Select one: a. 385500 OMR b. None of these c. 395500 OMR d. 357500 OMR
- Problem 1Purchase price of raw materials P100,000Rebates on raw material purchases 2,000Import taxes 17,000Local taxes paid in relation to the purchase 1,500Freight-in 5,00012% VAT on the purchase price 12,000Interest expense related to the purchase 3,200Utilities used on factories…The following data relates to Campus Goods Inc: Amount in $ Revenue 400000 Operating Profit 20% cost of good sold 55% Operating Expense ( as % of revenue ) 25% Required: Based on the above data determine the following: 8A. Cost of Goods Sold in $ is ___________. 250,000 100,000 150,000 220,000 8B. Gross Profit in $ and % is ___________ and ___________ respectively. 250,000 and 20% 180,0000 and 40% 180,000 and 45% 220,000 and 45% 8C. Operating expenses is ___________. 100,000 150,000 200,000 120,000 8D. Operating profit in $ is ___________. 55,000 65,000 80,000 70,000Transcribed Image Text:Question 7:A lorry load of material of mixed goods was purchased for $.1,00,000 Later on these were sorted out into the following categories: Category A :1,000 units - Selling price, $.20 per unit.. Category B: 2,000 units - Selling price, $.22.50 per unit Category C:2,400 units - Selling price $.25 per unit. Find out the purchase rate per unit of each category of the material assuming that all grades yield the same rate of profit.
- Management Science: XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000Compute the profit functionManagement Science: XY Company manufactures and sells LCD monitor at P5000 each. The production officer reported the following: Sale price: P5000 per monitor direct materials cost: P1000 per unit direct labor cost: P550 per unit other overhead cost P950 per unit Fixed costs related to the production are also reported: salary of management: P200,000 rent for the factory: P150,000, other salaries: P140,000 depreciation of equipment: P12,000Compute the total fixed costMaterials used = $ 500000 Rent for the office is $ 100000 Indirect materials used = $ 515000 Wages to workers are $ 260000 , what will the product cost?