use in Excel. Proposed Range Name Price_per_Unit Cost per Unit ProfitS_per_Unit Fixed Costs VariableCosts
Q: The variable cost ratio is calculated as:
A: Particular Sale price per unit Variable cost per unit Variable cost ratio…
Q: The profit equation is: Multiple Choice (Unit price x Q) - (Unit variable costs x Q) - Total fixed…
A:
Q: Explain the difference between total variable costs and variable costs per unit.
A: Cost can be categorized as variable and fixed costs.
Q: Which costs will change with a decrease in activity within the relevant range? Unit variable cost…
A: Cost can be classified into two categories i.e fixed cost and variable cost. The fixed cost remains…
Q: On a CVP graph, the intersection of the sales revenue line and the total cost line is known as the:…
A: The Break-even point indicates that total units are to be sold by the business entity to recover its…
Q: What effect does an increase in volume have on: Unit fixed costs? Unit variable costs? Total…
A: Increase in volume simply means the increase in production level.
Q: Explain the methods of segregating semi-variable costs into fixed and variable cost.
A: Variable cost is the cost which remains variable and fluctuate according to the level of production.…
Q: List the most important assumptions of cost-volume-profit analysis.
A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining that how any…
Q: Sort the following contribution margin income statement line items in the correct order from top…
A: Operating income is calculated after deducting the variable costs and fixed costs from the total…
Q: Assign costs to unitsusing the weighted-averagemethod.
A: Cost: It refers to the economic value incurred by an organization for manufacturing a product or…
Q: On a CVP graph, the total cost line intersects the vertical (dollars) axis at the origin. the level…
A: Cost-Volume-Profit Analysis (CVP Analysis): CVP Analysis is a tool of cost accounting that measures…
Q: What is target cost per unit? Question content area bottom
A: Target cost is the cost which is sufficient to develop specified functionality and quality of a…
Q: ow do I prepare an income statement based on variable co
A: In managerial accounting, variable costing is a cost concept. During the creation of a product…
Q: Explain average cost method.
A: Average cost method: Under average cost method inventories are priced at the average of all…
Q: Which of the following are assumptions associated with the cost equation? Check all that apply. The…
A: Cost equation means a line or formula which shows both types of cost like fixed costs and variable…
Q: Between Absorption Costing and Variable Costing method, which one do you think is more practical to…
A: Absorption costing considers fixed manufacturing overheads and variable overheads together to find…
Q: determine the variable cost per unit and the fixed cost using the high -low method.
A: Variable Costs :- Variable costs are expenses that vary depending on the volume of goods or services…
Q: What are the important points to remember in preparing the breakeven point graph? The…
A: Break-even point is the point at which company neither earns profits nor incurs loss. Break-even…
Q: Income statement under variable costing method
A: in variable costing method, product costs are only made up of variable expenses like direct…
Q: Find DL and DM Price Efficiency Volume Show me what is TO, SQ, SP, AO, AQ, AP
A: In a manufacturing concern there are main four variances that are used, they are: 1. Direct Material…
Q: a. What problems are associated with using the average cost per unit as a performance measure? b.…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Contribution margin is equal to [A] fixed cost - loss [B] profit + variable cost [C] sales - fixed…
A:
Q: Calculate the cost efficiency - profit margin ratios
A: Return on Equity = Net Income available for Shareholders/Total Equity 2019 = 418,916/9,538,652 =…
Q: Which of the following statements related to CVP chart is not true? O a. To calculate the total…
A: Cost-Volume-Profit (CVP) Analysis: It is a method followed to analyze the relationship between the…
Q: Explain variable costs, fi:xed costs, average variablecosts, average fixed costs, and average total…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: Relevant Range of Fixed and Variable cost with the help of example and graph
A: Cost: In accounting, the cost is related to monetary value spend on raw material, services, and…
Q: All variable costs are listed ________ on a contribution margin income statement. Question 35…
A: This question deals with contribution margin statement. Contribution margin statement is a statement…
Q: :The variable cost ratio is calculated as contribution margin ratio - (the selling price per…
A: Variable cost Ratio= Variable Cost per unit/ Selling price per unit
Q: The contribution-margin ratio is: Select one: a. unit contribution margin divided by the selling…
A: The contribution margin ratio is the % of the sales revenue which is remaining after substracting…
Q: difference between absorption costing and variable costing
A: [Note: Since you have posted multiple questions, we will solve the first question for you. For the…
Q: Hi, How do you calculated variable production cost per unit?
A: Answer:Variable production cost per unit is calculated by dividing Total variable production costs…
Q: Distinguish between ( a ) a variable cost, ( b ) a mixed cost, and ( c ) a step-variable cost. Plot…
A: Total cost Total cost refers to the cost which allows the business owners to trace the combined…
Q: Which one of the following technique is mostly used for financial analysis and ?interpretation (Lä…
A: The mostly used technique for financial analysis is Ratio Analysis , which means it is method used…
Q: Discuss the Cost- Volume- Profit assumptions
A: Cost-volume-profit analysis: It is also called break-even analysis which measures the impact on…
Q: Total cost is a combination of fixed and variable costs. The algebraic equation, where T =…
A: Provide the algebraic equation for total cost.
Q: A cost which remains constant per unit at various levels of activity is a Select one: a. mixed cost.…
A: Solution: A cost which remains constant per unit at various levels of activity is a "Variable cost".…
Q: Give me a formula of sensitivity analysis under of cost volume profit analysis(CVP). Thank youuu:)
A: The sensitivity analysis of the CVP model demonstrates how the model will change when any of its…
Q: calculate contribution margin ratio, breakeven point in amount and breakeven point in units
A: Cost-volume-profit (CVP) analysis is a method of cost accounting that looks at the impact that…
Q: compute the cost per equivalent unit
A: Units completed = 3000 units Normal Spoilage = 700 units Ending inventory (100% Direct Material) =…
Q: Summary for Cost Volume Profit Analysis
A: Cost Volume Profit Analysis: It is the technique of managerial accounting which examines how changes…
Q: When preparing a forecasted contribution margin income statement and you are given the units…
A: Contribution Margin: The process or theory which is used to judge the benefit given by each unit of…
Q: Min z? reglar unit cost? and suber unit cost?
A: Type A Type B Unit cost Regular fuel 2 units 2 units 1$ Super fuel 2 units 4 units 2$ New…
Step by step
Solved in 2 steps
- Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costMatching Following are a number of key terms and concepts introduced in thechapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–12). Note thatnot all key terms and concepts will be used. Answers are provided at the end of thischapter.a. Cost–volume–profit analysisb. Cost formulac. Contribution margind. Contribution margin formatincome statemente. Linearity assumptionf. Contribution margin ratiog. Operating leverageh. Sales mixi. Break-even pointj. High–low techniquek. Managerial accountingl. Management processm. Variable costn. Fixed costo. Relevant rangep. Mixed (semivariable) costq. Cost behavior pattern____ 1. The proportion of total sales represented by various products or categoriesof products.____ 2. The difference between revenues and variable costs.____ 3. The concept that operating income changes proportionately more than revenues for any given change in revenues.____ 4. The…
- Examine the graphs in Exercise 3-40. Required: As explained in the chapter, cost behavior patterns can be described as fixed, variable, semi-variable, mixed, or step function (i.e., semi-fixed) in nature. Explain the exact type of cost behavior pattern represented by each of the cost curves shown in graphs A through L. Note that some of the graphs might represent a combination of multiple cost behavior patterns.Which of the following statements is true? Select one: O a. The most complex of the cost estimation methods is the high-low method. O b. Engineering approach approximates cost function by classifying each account as either variable or fixed based on the analyst's knowledge of how the account behaves. C The high-low method of deriving an estimated cost line uses all the data points available. O d. In approximating the cost function, the account analysis classifies costs based upon an industrial engineer's evaluation of production methods, and material, labor, and overhead requirements. O e. The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels.UPVOTE WILL BE GIVEN! INPUT THE COMPLETE SOLUTIONS. YOU MAY USE EXCEL. BOX THE FINAL ANSWERS. d. How much is the total cost for completed units? e. How much is the total cost to be accounted for?
- Direction: Read carefully and answer the questions below. Encircle the letter of the correct answer. 1. Which of the following is an example of a variable cost? а. interest b. ingredients с. insurance d. lease 2. What type of cost varies depending on the quantity of products being produced? а. fixed b. net sales с. total d. variable 3. Which among the following concepts is usually seen on the top item in an income statement from which all costs and expenses is subtracted to arrive at net income? a. fixed cost b. net sales с. total cost d. variable cost 4. When do we obtain the break-even point? When the fixed cost is equal to the total cost When the total cost is equal to the variable cost When the variable cost is equal to the fixed cost d. When the number of units of goods sold covers the all the costs а. b. с. 5. Which of the following is NOT true? а. The fixed cost does not vary over time. b. The total cost is the sum of the fixed cost and the variable cost. с. The total cost is…UPVOTE WILL BE GIVEN! INPUT THE COMPLETE SOLUTIONS. YOU MAY USE EXCEL. BOX THE FINAL ANSWERS. a. Calculate the total units to be accounted for. = b. Calculate the Equivalent Units of Production - Materials. = c. How much is the conversion cost per unit? =Which of the following statements related to CVP chart is not true? O a. To determine the variable cost per unit from a graph, the change in cost is divided by the change in units. O b. The scatter graph method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O c. The slope of the total cost line determines the variable cost per unit. O d. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. e. The intercept between the total cost line on a graph and the y-axis determines the fixed cost. f. None of the given answers.
- Exercises + Suppose that we made an AHP analysis based on the following comparison tables Value R1 R2 R3 R1 1 9. R2 1 R3 1 Cost R1 R2 R3 R1 1 1/7 1/5 R2 1 1/9 R3 1 1) Draw the value cost diagram from these tables 2) From the diagram, rank the requirements according to their priorities starting from the highest priority Dr. Quta Shambour PArt Requirciments AnalyDistinguish between ( a ) a variable cost, ( b ) a mixed cost, and ( c ) a step-variable cost. Plot thethree costs on a graph, with activity plotted horizontally and cost plotted vertically4) Design ABC system for EON and Brothers (discuss steps) 5) What are the Costs per unit of Alfa and Beta under traditional and ABC costing systems?What would be the prices of Alpha and Beta traditional and ABC costing systems? Comparethe costs and prices calculated in the two systems (Calculations should be shown in theappendix) and for analysis 6) Discuss your recommendation on the viability of ABC for EON and Brothers Ltd., given thefinancial director's concerns.