$ 300,000 b. 25,000 units are manufactured and the company uses the variable costing concept? c. 20,000 units are manufactured and the company uses the absorption costing concept? d. 25,000 units are manufactured and the company used the absorption costing concept?

$ 300,000 b. 25,000 units are manufactured and the company uses the variable costing concept? c. 20,000 units are manufactured and the company uses the absorption costing concept? d. 25,000 units are manufactured and the company used the absorption costing concept?

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: Lakeside Inc. produces a product that currently sells for $82.80 per unit. Current production costs…

A: Given, Direct labor is $25 Variable overhead cost is $11.50 Both direct labor and variable overhead…

Q: Total costs are $180,000 when 10,000 units-are produced; of this amount, variable costs are $64,000.…

A: Introduction Variable costs: Variable cost is the cost which changes with changes in production.…

Q: product produced by Rosalyn Company over the last 6 months: Units Produced 30,000 42,000 40,000…

A: Solution: Under high low method, higher level of activity and lowest level of activity is compared…

Q: BLEM 2 Elsa, Inc., has only variable costs and fixed costs. A review of the company's records…

A: Solution: Variable cost is the cost which increases or decrease with increase or decrease in volume…

Q: MLBC Corp. manufactures a particular product component. Manufacturing costs per unit for 10,000…

A: Total manufacturing cost = Prime cost + Variable overhead + Fixed overhead Fixed overhead =…

Q: The manufacturing costs of Ackerman Industries for the first three months of the year follow:…

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

Q: If variable manufacturing costs are $19 per unit and total fixed manufacturing costs are $220,000,…

A: Manufacturing cost per unit (absorption costing) = Variable manufacturing costs + (total fixed…

Q: MA2-Relevant Costing Problem 4 (Accept or Reject an Order) As a result of an expansion program,…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 1. Benguet Corp. has the following data pertaining to its only product: Direct Materials P 10.00 /…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The following information pertains to Lannister Manufacturing Corporation’s Product Y: Annual…

A: Annual demand 33,750 units The annual cost to hold one unit of inventory P15 Setup cost (or…

Q: Question No. 5-2 HASF Corporation has fixed costs of 1,000,000 variable costs of 50 per units and a…

A: Unit sales price = Unit variable costs / (1-contribution margin ratio)

Q: Problem 2 (Life-Cycle Costing) The following revenue and the cost data are for Round Manufacturing's…

A: Income statement is described as that statement which is prepared to compute net income or net loss…

Q: otal cost 46 230 000

A: Variable cost to produce one unit is the relevant cost to be considered here, as fixed costs of the…

Q: 3.16 A company had income of P40,000 using variable costing for a given period. Beginning and ending…

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

Q: 11. A company has the following cost structure: Direct labor per unit P6 Direct materials per unit P…

A: Given information, Direct labor per unit =P 6 Direct materials per unit=P 2 Variable manufacturing…

Q: 2. Data About Variables Cost Driver Unit Variable Cost Level of Cost Driver S 10 1,000 30 Units sold…

A: ABC method of costing is the one which involves allocation of costs as per the worth and eliminate…

Q: 3,000 tru 6,000 truckS 9,00 trucks Variable production costs 29,640,000.00 ? ? Fixed production…

A: Variable production costs are cost that varies when the level of production changes. The fixed cost…

Q: 1. XYZ has the following cost components for 100,000 units of product för the year: Raw Materials P…

A: >Total cost, as asked in the question, will include all the costs, fixed as well as variable.…

Q: LO 6.5Cool Pool has these costs associated with production of 20,000 units of accessory products:…

A: Variable cost method including allocating only the variable cost to the inventory and excluding the…

Q: ed Manufacturing produces a product at $25 per unit price, sells, 1,000 units and accrues $10,500 in…

A: Contribution margin is also known as dollar contribution per unit. Essentially contribution margin…

Q: Variable Costs $135,000 ??? Fixed Costs $25,000 ??? Mixed Costs $16,000 ??? Total Costs $176,000…

A: The total fixed costs remains constant for each level of production but total variable costs changes…

Q: 2.) A company currently buys a key part for a product it manufactures. The company buys the part for…

A: Formula: Total cost = Direct materials + Direct labor + Incremental cost

Q: 39-Assume that Muscat Mobile Manufacturing company producing and selling 1000 units of mobiles per…

A: Given: Units sold = 1000 units Additional order = 300 units

Q: A Production (units) 1,000 2,000 Direct Material Cost Per unit 4 Direct Labor Cost Per unit 8 Direct…

A: While making make and buy decisions, a company compares the two costs i.e., the buying cost and the…

Q: Company X produced 1,000 units of product A. At this level, the variable manufacturing costs were…

A: The question is based on the concept of Cost Accounting.

Q: 37. How many kg of material were available for use in production? A company uses limiting factor…

A: Number of kg of material available for use in production is = summation of optimal production…

Q: 9. The following cost relate to XYZ Corp for the year: Sales commission expenses P 185,000 Direct…

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

Q: Company XYZ has total prime cost of $21,000 and total conversion cost of $42,000. Assume that…

A: Prime costs include all the direct costs that are direct material, direct labor, and other direct…

Q: Item X Cost 200,000 Replacement cost Estimated cost to convert materials into finished goods…

A: The answer is stated below:

Q: Platinum Corporation gathered the ff. data for its maintenance costs: Units produced 100,000 90,000…

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

Q: if the company desires to earn profit of 25% on selling price, the selling price per unit of product…

A: Prime Cost = Rs.20 Per Unit Factory Overheads = 20% of Prime Cost = Rs.20 x 20% = Rs.4 Works Cost =…

Q: An organisation manufactures a single product. The total variable cost of making 4,000 units is OMR…

A: Variable cost per unit = Total variable cost / Units

Q: B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit…

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

Q: Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 32.This is Cost Accounting. Explain briefly and answer. The following information pertains to…

A: A production run seems to be the number of units manufactured in a row by a manufacturing line. This…

Q: A) Calculate the total costs if Nada produces 10,000 units? B)Calculate the total profit earned…

A: Cost: Cost can be defined as the cash and cash equivalent which is incurred against the products…

Q: Question 1…

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

Q: Company XYZ has total prime cost of $12.000 and total conversion cost of $24,000. Assume that…

A: Direct Material Cost = Prime Cost - Direct Labor Cost

Q: Conversion cost is $20,000 and manufacturing overhead cost is $7,000, then direct manufacturing…

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

Q: Question 1: The Information below is taken from production department of MSS Company for April: The…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: You are given the following for the production of office chairs by the company 'Chairs and More":…

A: Total cost = Total fixed costs + Total variable costs where, Total variable costs = Variable cost…

Q: 3.17 A company had income of P30,000 using absorption costing for a given period. Beginning and…

A: The question is related to Marginal and Absorption Costing. When closing stock is more than opening…

Q: Listed below are a company’s monthly unit costs to manufacture and market a particular product.…

A: Concept maximum amount per unit that the company can pay the supplier without decreasing its…

Q: Total costs are $180,000 when 10,000 units are produced; of this amount, variable costs are $64,000.…

A: Calculation of fixed cost is as follows:

Question

If variable manufacturing costs are $15 per unit and total fixed manufacturing costs are $200,000, what is the manufacturing cost per unit if

a. 20,000 units are manufactured and the company uses the variable costing concept?

$ 300,000
b. 25,000 units are manufactured and the company uses the variable costing concept?
c. 20,000 units are manufactured and the company uses the absorption costing concept?
d. 25,000 units are manufactured and the company used the absorption costing concept?

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

Expert Solution

This question has been solved!

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

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

If variable manufacturing costs are $19 per unit and total fixed manufacturing costs are $220,000, what is the manufacturing cost per unit if: a. 4,000 units are manufactured and the company uses the variable costing concept? $4 b. 5,500 units are manufactured and the company uses the variable costing concept? c. 4,000 units are manufactured and the company uses the absorption costing concept? d. 5,500 units are manufactured and the company uses the absorption costing concept?
If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $198,900, what is the manufacturing cost per unit if: a. 3,900 units are manufactured and the company uses the variable costing concept?$fill in the blank 1 b. 5,100 units are manufactured and the company uses the variable costing concept?$fill in the blank 2 c. 3,900 units are manufactured and the company uses the absorption costing concept?$fill in the blank 3 d. 5,100 units are manufactured and the company uses the absorption costing concept?$fill in the blank 4
Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is: Direct materials $ 5.10 Direct labor 7.00 Variable manufacturing overhead 2.40 Fixed manufacturing 18.00 overhead 32.50 Total cost per part An outside supplier has offered to sell 30,000 units of part S-6 each year to Han Products for $46.50 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $767,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier.
12. A company has produced the following information for a product it is about to launch: Units Variable production cost per unit Fixed production costs Variable selling cost per unit Fixed selling price Administrative costs What is the life-cycle cost per unit? A. £4.81 B. £4.32 C. £5.07 D. £5.48 4000 £4.30 £5,000 A. Prime cost +60% B. Marginal cost+40% C. Average Total Costs +10% D. Net margin of 20% on selling price. £0.70 £1700 £900 7000 £3.80 £5,500 £0.60 £1800 £900 9000 £3.20 £6,000 £0.60 £1800 £900 13. A product has a prime cost of £15, variable overhead of £5 per unit and fixed overheads of £8 per unit. Which pricing policy gives the highest price?
What type of cost is this? Total Costs Units January $136250 500 February $190750 700 If it is a mixed cost, enter a 1 for your answer. If it is a variable cost, enter a 2 for your answer. If it is a fixed cost, enter a 3 for your answer.
I'se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units 1. Contribution margin per unit is a. P50 b. P55 с. Р80 d. P15 2. The contribution margin ratio is a. 45% b. 50% c. 55% d. 15%
The net income under variable costing would be: * a. P64,000 b. P60,000 c. P56,000 d. P52,000 The net income under absorption costing would be: * a. The same as the income under variable costing. b. P8,000 greater than the income under variable costing. c. P12,000 greater than the income under variable costing. d. P8,000 less than the income under variable costing.
Division X makes a part that it sells to customers outside of the company. Data concerning this part appear below: Selling price to outside customers.... Variable cost per unit. Total fixed costs....... Capacity in units. $50 $30 Select one: O a. $50 O b. $49 O c. $46 O d. $30 $400,000 25,000 Division Y of the same company would like to use the part manufactured by Division X in one of its products. Division Y currently purchases a similar part made by an outside company for $49 per unit and would substitute the part made by Division X. Division Y requires 5,000 units of the part each period. Division X has ample excess capacity to handle all of Division Y's needs without any increase in fixed costs and without cutting into outside sales. According to the formula in the text, what is the lowest acceptable transfer price from the standpoint of the selling division?
Continuation for the problem The net income under variable costing would be: * a. P64,000 b. P60,000 c. P56,000 d. P52,000 The net income under absorption costing would be: * a. The same as the income under variable costing. b. P8,000 greater than the income under variable costing. c. P12,000 greater than the income under variable costing. d. P8,000 less than the income under variable costing.
If variable manufacturing costs are $14 per unit and total fixed manufacturing costs are $212,800, what is the manufacturing cost per unit if a. 3,800 units are manufactured and the company uses the variable costing concept? b. 5,600 units are manufactured and the company uses the variable costing concept? c. 3,800 units are manufactured and the company uses the absorption costing concept? d. 5,600 units are manufactured and the company used the absorption costing concept?
Which of the following costs are NOT variable? Cost 2. 1. $100,000 $300,000 3. 10,000 Units 4. 40,000 90,000 50,000 30,000 Units O 1 and 4 O only 1 O 1 and 2 O only 3 240,000 90,000 150,000
Max Machining incurs the following utilities costs at different levels of production: 0 units: 500 units: 1,000 units: How would utility costs be properly classified? Select one: A. Stepped B. Fixed C. Mixed D. Curvilinear E. Variable $120 $2,620 $5,120