Managerial Accounting
3rd Edition
ISBN: 9780077826482
Author: Stacey M Whitecotton Associate Professor, Robert Libby, Fred Phillips Associate Professor
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 1, Problem 6MC
What is Garcia's total
a. $25,500.
b. $24,000.
c. $21,500.
d. $10,000.
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Students have asked these similar questions
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?
1. The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct labor cost ($)? a. 30,000 b. 10,000 c. 15,000 d. 5,000 e. 45,000
Q.5) Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included)
Q.7) Compute: i) Direct Labour ii) Conversion Cost
Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost.
Chapter 1 Solutions
Managerial Accounting
Ch. 1 - What is the primary difference between financial...Ch. 1 - Prob. 2QCh. 1 - Why are traditional, GAAP-based financial...Ch. 1 - Prob. 4QCh. 1 - consider the area within a 3-mile radius of your...Ch. 1 - What are the three basic functions of management?Ch. 1 - How are the three basic management functions...Ch. 1 - What are ethics and why is ethical behavior...Ch. 1 - Prob. 9QCh. 1 - Prob. 10Q
Ch. 1 - Prob. 11QCh. 1 - Prob. 12QCh. 1 - Why are businesses starting to incorporate...Ch. 1 - What factors does sustainability accounting...Ch. 1 - Think about your activities over the last week....Ch. 1 - Prob. 16QCh. 1 - Why is it important for managers to be able to...Ch. 1 - Prob. 18QCh. 1 - Prob. 19QCh. 1 - Explain the difference between relevant and...Ch. 1 - Prob. 21QCh. 1 - What are prime costs? Why have they decreased in...Ch. 1 - Prob. 23QCh. 1 - Why can't prime cost and conversion cost be added...Ch. 1 - Prob. 25QCh. 1 - Prob. 26QCh. 1 - Prob. 27QCh. 1 - Prob. 28QCh. 1 - Prob. 29QCh. 1 - Prob. 1MCCh. 1 - Prob. 2MCCh. 1 - Prob. 3MCCh. 1 - Prob. 4MCCh. 1 - Prob. 5MCCh. 1 - What is Garcia's total manufacturing cost? a....Ch. 1 - Prob. 7MCCh. 1 - What is Garcia's manufacturing overhead? a....Ch. 1 - Prob. 9MCCh. 1 - Which of the following would not be treated as a...Ch. 1 - MINI-EXERCISES Comparing Financial and Managerial...Ch. 1 - Prob. 4MECh. 1 - Prob. 5MECh. 1 - Prob. 6MECh. 1 - Prob. 8MECh. 1 - Prob. 9MECh. 1 - Prob. 10MECh. 1 - Identifying Direct and Indirect Costs for a...Ch. 1 - Prob. 12MECh. 1 - Identify sustainability issues affecting the...Ch. 1 - Classifying Costs Seth's Skateboard Company incurs...Ch. 1 - Calculation Costs Cotton White, Inc., makes...Ch. 1 - Prob. 7ECh. 1 - Prob. 8ECh. 1 - Classifying Costs Blockett Company makes...Ch. 1 - Prob. 10ECh. 1 - Prob. 12ECh. 1 - Prob. 13ECh. 1 - Explaining Effects of Cost Misclassification Donna...Ch. 1 - Prob. 4.1GAPCh. 1 - Prob. 4.2GAPCh. 1 - Prob. 4.3GAPCh. 1 - Prob. 3.1GBPCh. 1 - Prob. 3.2GBPCh. 1 - Classifying Costs, Calculating Total Costs, and...Ch. 1 - Prob. 4.2GBPCh. 1 - Classifying Costs, Calculating Total Costs, and...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Prime Cost is Rs. 72,000, Direct Material Cost is Rs. 45,000, Direct Expenses is Rs. 12,000. Calculate Direct Labour cost a. Rs. 15,000 b. Rs. 27,000 c. Rs. 60,000 d. Rs. 1,29,000arrow_forwardChoose the correct letter of answer: The following information relates to ABC Manufacturing: Prime Cost is P 150,000, Direct Labor is P 60,000 and Conversion cost is P 200,000. How much is the total manufacturing cost? a. P 350,000 b. P 260,000 c. P 300,000 d. P 290,000arrow_forwardHow much are Sales if Cost of Sales is $46,500, Cost of Labor is $33,247, the fixed costs are $65,883, and the profit is $2,129? Select one: a. $147,750 b. $158,759 c. $145,630 d. $147,759arrow_forward
- 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?arrow_forwardThe prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct materials cost ($). O a. 15,000 O b. 5,000 O c. 10,000 O d. 30,00O O e. 45,000arrow_forwardThe prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost . Calculate the manufacturing overhead cost ($). a. 14,000 b. 63,000 c. 42,000 d. 21,000 e. 7,000arrow_forward
- The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the total manufacturing cost ($). O a. 30,000 O b. 15,000 Oc 10,00O O d. 5,000 O e. 45,000arrow_forwardThe 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. $5.25arrow_forwardIn the manufacture of 9,400 units of a product, direct materials cost incurred was $170,200, direct labor cost incurred was $110,800, and applied factory overhead was $49,000. What is the total conversion cost? a.$159,800 b.$49,000 c.$170,200 d.$330,000arrow_forward
- Given the cost formula, Y = $16,000+ $3.40x, total cost for an activity level of 4,000 units would be: A. $13,600 OB. $3,600 C. $29,600 O D. $16,000arrow_forwardWhat type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed costarrow_forwardCalculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000arrow_forward
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