XYZ Company incurred the following costs for the month of August when it observed an activity level of 5,000 units Vanable co 532.500 Fixed costs $25,000; Mixed costs $21,500, Total costs $79,000. During October, the activity level was 16,000 units and the cnts incurred were $178,000 If the activity level were expected to be 7,000 units for the month of December, what amount of al costs would be expected? Select one DaS106,000 Ob$124,000 Oc None of the answers given a S115.000 S97.000

Q: Synergy Inc. manufactured 6,000 units during the month of March. They incurred direct materials cost…

A: Definition:   Cost of labor: The cost of labor can be defined as the sum of all wages paid to…

Q: Cost Machine Hours May June P8,300 10,400 7,200 9,500 15,000 20,000 12,000 18,000 July August

A: Total cost:- It is sum of total variable cost and total fixed cost. I,e total cost = Variable cost +…

Q: every month to manufacture one of its products. The unit costs incurred to manufacture the component…

A: The question is related to make or buy product. In this the company should compare the variable cost…

Q: xample Ltd is a manufacturer. It produced 2,000 units in April. The following cost information is…

A: While producing an item, various costs are incurred by the firm. These costs can be direct costs…

Q: Byers Company had the following department information for the month:                Total…

A: Formula: Equivalent material cost per unit =  Equivalent units of materials / Total materials cost

Q: Itzy Corporation provides the following information for the month of February based on the…

A: Gross Profit = Sales - Cost of goods sold Cost of goods sold includes direct material , direct labor…

Q: The following information pertains to the JAG Corporation for the month of July 100,000 units were…

A: Absorption Costing In the Absorption costing techniques the calculation of total cot of goods…

Q: Itzy Corporation provides the following information for the month of February based on the…

A: Variable Costing: Product Cost under Variable costing includes direct material cost, direct…

Q: lavs Inc. collected the following production data for the past month: (See image) If the high-low…

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

Q: The Information bellow has been taken from production department of XYZ Company for December is as…

A: Production cost refers to the total cost of producing a product that includes variable and fixed…

Q: Coucou Manufacturing Inc. has provided the following information concerning its manufacturing cost…

A: The budget is prepared to estimate the costs in advance.

Q: XYZ Company incurred the following costs for the month of August when it observed an activity level…

A: Variable cost per unit = Total variable costs / Units = $32,500 / 5000 = $6.5  Variable costs at…

Q: Under absorption costing, a company had the following per unit costs when 10,000 units were…

A:

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: A. Cost to buy = No. of units x Purchase cost per unit = 6,100 units x $7.00 per unit = $42,700

Q: Edina Co. manufactures a product that requires 3.5 machine hours per unit. The variable and fixed…

A: What are the standard variable and fixed overhead rates:::: Total.machine hours is::144000 units*3.5…

Q: The manufacturing cost of Calico Industries for three months of the year are provided below.…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials…

A: Prime cost includes direct materials cost and direct labor

Q: Farrow Company reports the following annual results. Contribution Margin Income Statement Sales…

A: The question is related to the Decision Making. Incremental cost are relevant for decision making.

Q: The manufacturing costs of Calico Industries for three months of the year are provided below:…

A: The high-low method of costing determines the per unit variable cost by dividing the difference…

Q: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects…

A: The operating income of a firm can be determined using the absorption costing method or using the…

Q: Frazier Manufacturing Company collected the following production data for the past month: Units…

A:

Q: The manufacturing costs of Callico Industries for three months of the year are provided below: Total…

A: The High-low method is a cost computation technique that separates variable and fixed cost from…

Q: Units Produced    Total Cost 1,600                      $66,000 1,300                      $57,000…

A: High low method - it is a method in which we separate out Fixed cost and the variable cost with the…

Q: Midwest Industrial Products Corporation makes two products, Product H and Product L. Product H…

A:

Q: Cost Driver rate

A: Cost driver refers to the cost which is affected by some specific business activities and influenced…

Q: Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing…

A: Income statement is prepared with a view to ascertain the total income earned by an entity over a…

Q: The following information is available regarding the total manufacturing overhead costs of Paymore,…

A: Variable cost per unit=High MOH-Low MOHHigh machine hours-Low machine…

Q: For the month of January, Vista Corporation produced and sold 12,000 units of a product.…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Wyckam Manufacturing Inc. has provided the following estimates concerning its manufacturing costs:…

A: The budget is prepared by the management based on experience. Based on the budget, It is helpful for…

Q: A product uses 6 Kilograms of raw materials and takes two direct labour hours to make. Raw materials…

A: Required quantity per Unit Price  Raw Material 6 KG 2.5 Labor 2 Hour 4 Variable Production…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: working notes: Cost to Buy=5,800*$6.90=40,020 Cost to make =5,800*4=23,200…

Q: RLW-II Enterprises estimated that indirect manufacturing costs for the year would be $75 million and…

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: When there are two alternatives, that is one to manufacture product and one to purchase from…

Q: Jefferson Inc. has the following information for the month of September. The company applies OH cos…

A: Solution...     Total actual manufacturing overhead costs  Variable overhead + fixed overhead  =…

Q: During the second year of operations, RetroSound Company continues to produce two types of units.…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: Closet Links Clothing Company provided the following manufacturing costs for the month of June.…

A: Total variable costs changes with the level of activity. Total fixed costs remains same within the…

Q: ABC Company has the following data at the end of its fiscal year:               Prime costs…

A: Inventoriable costs of the finished goods = Prime costs + Variable manufacturing overhead + Fixed…

Q: Zeta Corporation has two products. They have the following annual production details: Total Costs…

A: Total machine hours Product Units produced Machine hrs per unit Machine hours used (P)…

Q: Copper Mountain Company has accumulated the following data over a six-month period:…

A: This method is used to segregate variable cost and fixed cost. In this method, highest level of…

Q: Itzy Corporation provides the following information for the month of February based on the…

A: Under Variable Costing all Variable manufacturing costs are included in the product Cost. All Fixed…

Q: Bernard Company shows the following manufacturing costs for the first six months of the year:…

A: Solution...     Highest point  Production in units = 2,600  Costs = $47,900  Lowest point…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below: Total…

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

Q: Using absorption costing, JKL Company's income for October was Php250,000. JKL began the month with…

A: Variable costing is also known as direct costing and it includes only variable manufacturing costs…

Q: ibble Company has observed that at an activity level of 8,000 units the cost for maintenance is…

A: As per the High low method we should calculate the variable cost per unit first, we can use the…

Q: During the month of May, Lorna Corporation sold 1,000 units. The cost per unit for May was as…

A: Net operating income under absorption costing = Net operating income under variable costing +…

Q: During October, Company XYZ produced and sold 10,000 units of product A. At this level, the total…

A: In the given Question Direct material and Direct labor are full variable cost Direct Material and…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.