EBK FINANCIAL & MANAGERIAL ACCOUNTING
13th Edition
ISBN: 9780100545052
Author: WARREN
Publisher: YUZU
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Question
Chapter 19, Problem 19.6EX
To determine
Variable costs:
These are the costs that proportionately change with the changes in the activity base such as units of production Common examples of variable costs are direct materials and direct labor costs.
Fixed Costs:
These are the costs that remain constant in total dollar amount irrespective to the changes in the activity base such as units of production. Common examples of fixed
To complete: the cost schedule by identifying each cost by the appropriate letter (a) through (o).
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Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 45,000 to 75,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced
45,000
60,000
75,000
Total costs:
Total variable costs ...
$1,350,000
(d)
(j)
Total fixed costs. . .
810,000
(e)
(k)
Total costs...
$2,160,000
(f)
(1)
Cost per unit:
Variable cost per unit. . ..
(a)
(g)
(m)
.... .
Fixed cost per unit..
(b)
(h)
(n)
Total cost per unit.
(c)
(i)
(0)
Complete the cost schedule. When computing the cost per unit, round to two decimal places.
Cost Report
Components produced
45,000
60,000
75,000
Total costs:
Total variable costs
$1,350,000 (d)
(1)
Total fixed costs
810,000 (e)
(k)
$.
(1)
Chapter 21 Content Area
Total costs
$2,160,000 (f)
Cost per Unit
Variable cost per unit
(a)
(m)
(6)
Fixed cost per unit
(b)
(h)
(n)
$.
(i)
Total cost per unit
(c)
(0)
%24
%24
%24
%24
%24
%24
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced
61,600
79,200
100,800
Total costs:
Total variable costs . . . . . . . . .
$19,712
(d)
(j)
Total fixed costs . . . . . . . . . . . .
22,176
(e)
(k)
Total costs . . . . . . . . . . . . . . . . .
$41,888
(f)
(l)
Cost per unit:
Variable cost per unit . . . . . . .
(a)
(g)
(m)
Fixed cost per unit . . . . . . . . . .
(b)
(h)
(n)
Total cost per unit . . . . . . . . . .
(c)
(i)
(o)
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Cost Report
Components produced
61,600
79,200
100,800
Total costs:
Total variable costs
$19,712
(d)…
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 88,400 to 142,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has
been prepared:
Components produced
88,400
109,200
142,800
Total costs:
Total variable costs
$33,592
(d)
(j)
Total fixed costs
37,128
(e)
(k)
Total costs
$70,720
(f)
(1)
Cost per unit:
Variable cost per unit..
(a)
(g)
(m)
Fixed cost per unit .
(b)
(h)
(n)
Total cost per unit .
(c)
(i)
(0)
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Cost Report
Components produced
88,400
109,200
142,800
Total costs:
Total variable costs
$33,592 (d) $
(j) $
Total fixed costs
37,128 (e)
(k)
Total costs
$70,720 (f) $
(1) $
Cost per Unit
Variable cost per unit
(a) $
(g) $
(m) $
Fixed cost per unit
(b)
(h)
(n)
Total cost per unit
(c)
(i) $
(0) $
Chapter 19 Solutions
EBK FINANCIAL & MANAGERIAL ACCOUNTING
Ch. 19 - Describe how total variable costs and unit...Ch. 19 - Which of the following costs would be classified...Ch. 19 - Describe how total fixed costs and unit fixed...Ch. 19 - In applying the high-low method of cost estimation...Ch. 19 - If fixed costs increase, what would be the impact...Ch. 19 - Prob. 6DQCh. 19 - If the unit cost of direct materials is decreased,...Ch. 19 - Both Austin Company and Hill Company had the same...Ch. 19 - Prob. 9DQCh. 19 - Prob. 10DQ
Ch. 19 - High-low method The manufacturing costs of...Ch. 19 - Prob. 19.1BPECh. 19 - Prob. 19.2APECh. 19 - Prob. 19.2BPECh. 19 - Prob. 19.3APECh. 19 - Prob. 19.3BPECh. 19 - Prob. 19.4APECh. 19 - Prob. 19.4BPECh. 19 - Sales mix and break-even analysis Wide Open...Ch. 19 - Prob. 19.5BPECh. 19 - Operating leverage SungSam Enterprises reports the...Ch. 19 - Prob. 19.6BPECh. 19 - Prob. 19.7APECh. 19 - Prob. 19.7BPECh. 19 - Classify costs Following is a list of various...Ch. 19 - Identify cost graphs The following cost graphs...Ch. 19 - Prob. 19.3EXCh. 19 - Identify activity bases From the following list of...Ch. 19 - Identify fixed and variable costs Intuit Inc....Ch. 19 - Prob. 19.6EXCh. 19 - High-low method Diamond Inc. has decided to use...Ch. 19 - High-low method for a service company Boston...Ch. 19 - Contribution margin ratio a. Segar Company budgets...Ch. 19 - Contribution margin and contribution margin ratio...Ch. 19 - Prob. 19.11EXCh. 19 - Prob. 19.12EXCh. 19 - Prob. 19.13EXCh. 19 - Prob. 19.14EXCh. 19 - Prob. 19.15EXCh. 19 - Break even analysis for a service company Sprint...Ch. 19 - Prob. 19.17EXCh. 19 - Prob. 19.18EXCh. 19 - Prob. 19.19EXCh. 19 - Prob. 19.20EXCh. 19 - Prob. 19.21EXCh. 19 - Break-even sales and sales mix for a service...Ch. 19 - Margin of safety A. If Canace Company, with a...Ch. 19 - Prob. 19.24EXCh. 19 - Operating leverage Beck Inc. and Bryant Inc. have...Ch. 19 - Prob. 19.26EXCh. 19 - Variable costing income statement On July 31,...Ch. 19 - Absorption costing income statement On June 30,...Ch. 19 - Classify costs Seymour Clothing Co. manufactures a...Ch. 19 - Break-even sales under present and proposed...Ch. 19 - Prob. 19.3APRCh. 19 - Prob. 19.4APRCh. 19 - Prob. 19.5APRCh. 19 - Contribution margin, break-even sales,...Ch. 19 - Classify costs Cromwell Furniture Company...Ch. 19 - Prob. 19.2BPRCh. 19 - Break even sales and cost-volume-profit chart For...Ch. 19 - Prob. 19.4BPRCh. 19 - Sales mix and break even sales Data related to the...Ch. 19 - Prob. 19.6BPRCh. 19 - Prob. 19.1CPCh. 19 - Break-even analysis Somerset Inc. has finished a...Ch. 19 - Prob. 19.4CPCh. 19 - Prob. 19.5CP
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