ussionsQuestion 10--/1erencesView PoliciesaborationsCurrent Attempt in ProgresseyPLUS SupportMussatto Corporation produces snowboards. The following perunit cost information is available: direct materials $18, direct labor$14, variable manufacturing overhead $9, fixed manufacturingoverhead $11, variable selling and administrative expenses $6, andfixed selling and administrative expenses $12. Using a 35% markuppercentage on total per unit cost, compute the target selling price.(Round answer to 2 decimal places, e g. 10.50.)Centralce 365dgeszzaTarget selling price$845 PM11/18/2019hpfollinsprt scn2homedeleteend144+numbackspacelockP7home

The target selling price of a product means the normal selling cost of the item at which the it…

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EB: Crafts 4 All has these costs associated with production of 12,000 units of accessory products:...

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Crafts 4 All has these costs associated with production of 12,000 units of accessory products: direct materials, $19; direct labor, $30; variable manufacturing overhead, $15; total fixed manufacturing overhead, $450,000. What is the cost per unit under both the variable and absorption methods?
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. a. Direct material cost per unit. b. Fees for using a patent of $500,000 plus $0.25 for each unit produced. c. Salary of quality control supervisor. d. Straight-line depreciation per unit on factory equipment. e. Total direct materials cost.
MC Qu. 8-38 Riverton Corp., which began business... Riverton Corp., which began business at the start of the current year, had the following data:Planned and actual production: 40,000 unitsSales: 37,000 units at $15 per unitProduction costs:Variable: $4 per unitFixed: $260,000Selling and administrative costs:Variable: $1 per unitFixed: $32,000The gross margin that the company would disclose on an absorption-costing income statement is: Multiple Choice $97,500. $147,000. $166,500. $370,000. None of the answers is correct. I got 407,000 as an answer but worried that's not correct
Trend Reporting for Non-Value-Added Costs Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving and assembly are necessary activities; expediting and storing goods are unnecessary. The following data pertain to the four activities for the year ending 20x1 (actual price per unit of the activity driver is assumed to be equal to the standard price): Activity Activity Driver SQ AQ SP Receiving Receiving orders 12,000 24,000 $21 Assembly Labor hours 99,000 120,000 15 Expediting Orders expedited 0 8,000 50 Storing Number of units 0 16,000 7 Assume that at the beginning of 20x2, Cicleta trained the assembly workers in a new approach that had the objective of increasing the efficiency of the assembly process. Cicleta also began moving toward a JIT purchasing and manufacturing system. When JIT is fully implemented, the demand for expediting…
Kirchoff.,manufactures a product with the following costs:Direct materials 18.00Direct labor 11.90Variable manufacturing overhead 2.10Fixed manufacturing overhead 1,422,000Variable SG&A expenses 3.60Fixed SG&A expenses 1,540,500The pricing are based on budgeted production and sales of 79,000 units per year. Required: Determine the selling price per unit, assuming a mark-up of 25% drsired under each of the following methods:1. Differential cost2. Minimum price allowed
Kirchoff.,manufactures a product with the following costs:Direct materials 18.00Direct labor 11.90Variable manufacturing overhead 2.10Fixed manufacturing overhead 1,422,000Variable SG&A expenses 3.60Fixed SG&A expenses 1,540,500The pricing are based on budgeted production and sales of 79,000 units per year. Required: Determine the selling price per unit, assuming a mark-up of 25% drsired under each of the following methods:1. Variable manufacturing cost2. Production cost3. Variable/marginal cost
cost-plus pricing) Coyote corporation produces air purifiers. The following per unit costinformation is available: direct materials $15, direct labor $10, variable manufacturing overhead$5, and variable selling and administrative expenses $15. Fixed selling and administrativeexpenses are $100,000, and fixed manufacturing overhead is $160,000.Instructions:1. Using a 40% markup percentage on the total cost per unit and assuming 20,000 units,compute the target selling price.2. Using a 50% markup percentage on the total cost per unit and assuming 10,000 units,compute the target selling price.
ch7q39 Units Sold to Break Even, Unit Variable Cost, Unit Manufacturing Cost, Units to Earn Target Income Werner Company produces and sells disposable foil baking pans to retailers for $2.95 per pan. The variable cost per pan is as follows: Direct materials $0.22 Direct labor 0.56 Variable factory overhead 0.70 Variable selling expense 0.13 Fixed manufacturing cost totals $303,290 per year. Administrative cost (all fixed) totals $41,358. Required: 1. Compute the number of pans that must be sold for Werner to break even. pans 2. Conceptual Connection: What is the unit variable cost? What is the unit variable manufacturing cost? Round your answers to the nearest cent. Unit variable cost $ Unit variable manufacturing cost $ Which is used in cost-volume-profit analysis?Unit variable cost 3. How many pans must be sold for Werner to earn operating income of $11,524? pans 4. How much sales revenue must Werner have to earn operating income 11524$
Yes Industries manufactures a single product using standard costing. Variableproduction costs are P13 and fixed production costs are P125,000. Yes uses anormal activity of 12,500 units to set its standard costs. Yes began the year with 1,000 units in inventory, produced 11,000 units, and sold 11,500 units. The standard cost of goods sold under absorption costing would be A. P115,000B. P149,500C. P253,000D. P264,500
XYZ Inc. manufactures a component D12, and two main products F45 and P67. The following details relate to each of these items: D12 D45 P67 Selling price ? 146 159 Material cost 10 15 26 Component D12 (bought-in price) ? 25 25 Direct labour 5 10 15 Variable overheads 6 12 18 Total variable cost per unit 21 62 84 Fixed overhead costs: P per annum P per annum P per annum Avoidable* 9,000.00 18,000.00 40,000.00 Non-avoidable 36,000.00 72,000.00 160,000.00 Total 45,000.00 90,000.00 200,000.00 * The avoidable fixed costs are product-specific fixed costs that would be avoided if the product or component were to be discontinued. 1. Assuming that the annual demand for component D12 is 5,000 units and that XYZ Inc. has sufficient capacity to make the component itself, the maximum price that should be paid to an external supplier for 5,000 components per year is 2. Assuming that component D12 is bought from an external supplier for P25.00 per unit, the number of units…
3)Some cost information of the enterprise, which calculates its costs according to the Standard Cost Method, is as follows.Total Budgeted Fixed General Production Expenses = 2.000.-₺Unit Budgeted Variable General Production Expense = 1,10.-₺/brTotal Actual Direct Labor Hours = 1.500 DİSTotal Standard Direct Labor Hours = 1.300 DISRequested: Calculate the “Efficiency Difference of General Production Costs”. A. 120.-₺ positiveB. 320.-₺ negativeC. 120.-₺ negativeD. 320.-₺ positiveE. 220.-₺ negativeF. 220.-₺ positive
Direct and Indirect Costs Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces andSells 20,000 units, its average costs per unit are as follows:Averagecost perUnitDirect 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 $ 0.501 Assume the cost object is units of productiona What is the total direct manufacturing cost incurred to make 20,000 units?b What is the total indirect manufacturing cost incurred to make 20,000 units.2 Assume the cost object is the Manufacturing Department and that its total output is 20,000 units.a How much total manufacturing cost is directly traceable to the Manufacturing Department?b How much total manufacturing cost is an indirect cost that cannot be easily traced to theManufacturing Department?3 Assume the cost object is the company's various…

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