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- Identify cost graphs The following cost graphs illustrate various types of cost behaviour: a. Total direct material cost b. Electricity costs of $1,000 per month plus 50.10 per Kilowatt-hour c. Per unit cost of straight-line depreciation on factory equipment d. Salary of quality control superbisor, 520,000 per month e. Per-unit direct labor cost10. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL VARIABLE MANUFACTURING COSTS?Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify each of the costs using the following table format. Be sure to total the amounts in each column. Example: Direct materials, 216,000. 2. What was the total product cost for last year? 3. What was the total period cost for last year? 4. If 30,000 units were produced last year, what was the unit product cost?
- Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor costIdentify cost graphsThe following cost graphs illustrate various types of cost behavior: a. Total direct materials costb. Electricity costs of $1,000 per month plus 50.10 per kilowatt-hour c. Per-unit cost of straight-line depreciation on factory equipmentd. Salary of quality control supervisor, 520,000 per monthe. Per-unit direct labor cost6. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL MANUFACTURING (PRODUCT) COSTS?
- nttps:25A%252F%252HM..mh A company allocates materials handling cost to the company's two products using the below data: Product A Product B Total expected units produced 5,400 11,800 Total expected material 530 470 moves Expected direct labor-hour 670 150 per unit The total materials handling cost for the year is expected to be $182,000. If the materials handling cost is allocated on the basis of direct labor-hours, how much of the total materials handling cost would be allocated to the Product B? (Round your intermediate calculations to 5 decimal places.) Multiple Choice $97,944 $74,263 $35,671 $59.791Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year ofoperations: Selling priceDirect materials Direct laborVariable manufacturing overhead $ 10Sales commission Fixed manufacturing overhead Per Unit Per Year$ 200$77$ 50$ 8$300,000 Using variable costing, what is the company's net operating income? $195,000 $275,000 $185,000 $175,0008. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL PERIOD COSTS?
- 21. HIERARCHY Corporation manufactures a variety of products. Last year the company's variable costing net operating income was P90,900. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to P21,90O. What was the absorption costing net operating income last year? * а. Р69,000 О Б. Р90,900 c. P21,900 O d. P112,80036. LO.3 (Activity analysis) Management at Glover & Lamb Inc. is concerned about controlling factory labor-related costs. Th e following summary is the result of an analy-sis of the major categories of labor costs for 2010:Category AmountBase wages $63,000,000Health-care benefi ts 10,500,000Payroll taxes 5,018,832Overtime 8,697,600Training 1,875,000Retirement benefi ts 6,898,500Workers’ compensation 1,199,940Following are some of the potential cost drivers identifi ed by the company for labor-related costs, along with their 2010 volume levels:Potential Activity Driver 2010 Volume LevelAverage number of factory employees 2,100Number of new hires 300Number of regular labor hours worked 3,150,000Number of overtime hours worked 288,000Total factory wages paid $71,697,600Volume of production in units 12,000,000Number of production process changes 600Number of production schedule changes 375a. For each cost pool, determine the cost per unit of the activity driver using the activ-ity…Question 5: The Information below is taken from production department of Salalah Company for August: The number of units produced is 20000. All amounts are in OMR. Total Costs Variable Cost Fixed Cost Direct material cost Total labor cost 800000 500000 110000 Manufacturing Overhead 100000 40000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y = f+ yvX. D. Assume Salalah intends to produce 30000 units next month. Calculate total production costs for the month (Ctrl) -