4. If 29,000 units are produced, what are the total variable costs? 5. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? 6. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? 7. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? 8. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?
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4. If 29,000 units are produced, what are the total variable costs?
5. If 17,000 units are produced, what are the total
6. If 23,000 units are produced, what are the total manufacturing overhead costs incurred?
7. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred?
8. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?
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- Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production. Average Cost per Unit $12 Direct materials Direct labor 10 Indirect materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions 4 3 8 25 Using the cost data from Rose Company, answer the following questions: 1. If 10,000 units are produced, what is the variable cost per unit? 2. If 18,000 units are produced, what is the variable cost per unit? 3. If 21,000 units are produced, what are the total variable costs? 4. If 11,000 units are produced, what are the total variable costs?4. If Job P includes 20 units, what is its unit product cost? 5. What is the total manufacturing cost assigned to Job Q? 6. If Job Q includes 30 units, what is its unit product cost?The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.
- 9.) If 12,500 units are sold, what is the total fixed manufacturing overhead costs to support this production level? 10.) If 12,500 units are sold, what is the fixed manufacturing overhead cost per unit sold? 11.) If 8,000 units are sold, what is the total manufacturing overhead costs to support this production level? What is the manufacturing overhead cost per unit?The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know two things. The first is the manufacturer's fixed costs. This amount covers expenses such as plant maintenance and insurance, and it is the same no matter how many items are produced. The second thing we need to know is the cost for each unit produced, which is called the variable cost.The total revenue R for a manufacturer during a given time period is a function of the number N of items produced during that period. The profit P for a manufacturer is the total revenue minus the total cost. If the profit is zero, then the manufacturer is at a break-even point.In general, the highest price p per unit of an item at which a manufacturer can sell N items is not constant but is, rather, a function of N. Suppose the manufacturer of widgets has developed the following table showing the highest price p, in…Characteristics of Production Process, Cost Measurement Vince Melders, of EcoScape Company, designs and installs custom lawn and garden irrigation systems for homes and businesses throughout the state. Each job is different, requiring different materials and labor for installing the systems. EcoScape estimated the following for the year: Number of direct labor hours 6,720 Direct labor cost $67,200 Overhead cost $50,400 During the year, the following actual amounts were experienced: Number of direct labor hours 6,045 Direct labor incurred $66,495 Overhead incurred $50,500 Required: 1. Should EcoScape use process costing or job-order costing? 2. If EcoScape uses a normal costing system and overhead is applied on the basis of direct labor hours, What is the overhead rate? Round your answer to the nearest cent. per direct labor hour
- If the conversion cost is $110 per unit, the prime cost is $54, and the manufacturing cost per unit is $133, what is the direct materials cost per unit?Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: ( 2) Standard (1) Standard Quantity or Standard Price Cost (1) × (2) $34.44 $15.70 $ 9.40 Inputs Direct materials Hours or Rate 2.10 pounds $16.40 per pound $15.70 per hour $ 9.40 per hour Direct labor 1.00 hours Variable manufacturing overhead 1.00 hours $59.54 Total standard cost per unit Total Variances Reported Price Quantity or Efficiency $ Standard Cost* or Rate $654,360 $ 12,151 F $298,300 $ 4,000 U $ 32,800 U $ Direct materials Direct labor $ 15,700 U Variable manufacturing overhead $178,600 $ 4,400 F *Applied to Work in Process during the period. The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materials purchased during the period were used in production. Work in process inventories are insignificant and can be ignored.The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25
- According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 18,000. Fixed Cost Variable Cost Total Costs Material used in Production 87,000 40,000 127,000 Labour used in Production 43,000 38,500 81,500 Production Facilities cost 35,000 29,500 64,500 TOTAL COST 165,000 108,000 273,000 Select one: a. Y = 275,000+V*108 b. Y = 108,000+V*165 c. Y = 165,000+V*6 d. Y = 167,000+V*6According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 46,000. Fixed Variable Total Cost Cost Costs Material used in Production Labour used in Production Production Facilities cost 92,000 48,000 0006 179,000 230,000 409,000 105,000 85,000 133,000 40,000 197,000 79,000 TOTAL COST Select one: O a. Y = 179,000+V*5 O b. Y = 230,000+V*5 %3D Oc. Y = 409,000+V O d. Y = 179,000+V*23Which of the following would be included in the cost of a product manufactured according to variable costing? a.sales commissions b.direct materials c.interest expense d.office supply costs Another name for variable costing is: a.indirect costing b.process costing c.direct costing d.differential costing 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?