Calculate the total variable cost per unit for each firm in the trade Compute the percent of total for the material, labor, and variable components. Using the trade association's industry benchmark, calculate direc and direct manufacturing labor price and efficiency variances for t
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You are a new junior accountant at Perfect View Corporation, maker of lenses for eyeglasses. Your company sells generic-quality lenses for a moderate price. Your boss, the controller, has given you the latest month's report for the lens trade association. This report includes information related to operations for your firm and three of your competitors within the trade association. The report also includes information related to the industry benchmark for each line item in the report. You do not know which firm is which, except that you know you are firm A.
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- Apps MAP Testing-NWEA myCCSD O CCSD Libraries I Imported From IE pw Del Webb Middle S... Other bookmarks P10-1 Absorption and variable costing income statements Biscayne Industries has determined the cost of manufacturing a unit of product as follows, based on normal production of 100,000 units per year: L01 Direct materials.... Direct labor..... $ 5 Search ********.... Variable factory overhead Fixed factory overhead... Total cost..... .....* ********* $15 VitalSource Bookshelf: Principles X A bookshelf.vitalsource.com/#/books/9781305480520/cfi/585!/4/4@0.00:2.39 Apps MAP Testing - NWEA myCCSD O CCSD Libraries Imported From IE DW Del Webb Middle S... 0 Other bookmarks 564 Principles of Cost Accounting Operating statistics for March and April include the following: March April Units produced. 12,000 18,000 Units sold.. 8,000 02.000 Selling and administrative expenses (all fixed).. $12,000 $12.000 The selling price is S20 per unit. There were no inventories on March 1, and there is no…Input 0.3 lb. @ $10/lb. 1.2 hours @$17/hour Cost/Doorknob $ 3.00 Direct matorials (brass) Direct manufacturing labor Manufacturing overhead: 20.40 Variable $5/lb. x 0.3 lb. 1.50 Fixed $15/lb. x 0.3 lb. 4.50 Standard cost per doorknob $29.40 Actual results for April 2017 were as follows: Production 29,000 doorknobs 12,400 lb. at $11/lb. 8,500 lbs. 29,200 hours for $671,600 $ 65,100 Direct materials purchased Direct materials used Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead S158,000 Required : 1. Compute the price and efficiency variances of direct materials and direct manufacturing labor. 2. Compute the spending and efficiency variances of variable overhead and spending and volume of fixed overhead.Prime cost and conversion cost share what common element of total cost? Select one: a. Direct labor. b. Fixed overhead. c. Variable overhead. d. Direct materials. Zapora Bhd manufactured smart watches. In November 2021, Zapora produced 2,200 watches with the following costs: Direct Materials RM32,000 Direct Labour RM13,000 Manufacturing Overheads RM27,000 Additional information: There is no opening or closing stock of work-in-progress (WIP) during the month of November. Calculate Cost per Unit for the watches produced in November 2021. Select one: a. RM32.73 b. RM18.18 c. RM14.55 d. RM20.45 Question 23 Question text Joba Company uses differential piece rate to motivate its employees. 75% of piece rate below standard and 110% of piece rate at above standard. Worker A produces 150 units per day and worker B produces 180 units per day. Normal rate per hour is $2.20 and standard time per unit is 3 minutes. Assuming standard working hour is 8…
- AA Period Ccb Home | bartl... of 15 ezto.mheducation.com 22 my.post.edu... Total variable cost 6- Unit 1-C... Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Okay Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: G what is the h... Average Cost per Unit $7.00 $ 4.50 $ 1.40 $ 4.00 $ 4.00 $ 2.10 $ 1.10 $ 0.55 + Init 1 - C... You 6. If 12,500 units are produced and sold, what is the total amount of variable costs related to the units produced and sold? (Do not round intermediate calculations.) 00 ctComprehensive problem on unit costs, product costs. Atlanta 0office Equipment manufactures and selis metal shelving. It began operations on January 1, 2017. Costs incurred for 2017 are as follows (V stands for variable; Fstands for fixed): $140,000 V 22,000 V 5,000 V 18,000 V 14,000 F 8,000 V 26,000 F 120,000 V 43,000 F 54,000F Direct materials used Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Indirect manufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. Inventory data are as follows: Ending: December 31, 2017 2,300 Ibs O units 7 units Beginning: January 1, 2017 Direct materials O units O units Work in…C erford Applicati... WP WileyPLUS B Bloomberg for Edu... mll 14 02:47:17 ezto.mheducation.com/ext/map/index.html?_con=con&ext... Mc Graw Hill Multiple Choice $253,250 Watson Company has monthly fixed costs of $86,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,300, what dollar amount of sales must be made to produce the target income? $101,300 $215,000 $38,250 Saved S
- QUESTION Valencia Manufacturing Company manufactures and sols musical aadgets The business ened Operating Income of $220.p00 in 2018 when sellng picn per unit was $200, and the president of Valencia 1s under pressure to increase operating income in 2018. Data for varjable cost per unit and total fixed costs were as follows Variable expenses per unt Direct Material Direct Labour Variable Manutacturrg Overmead $40 $32 $18=T0 Faed expenses: Fled Manufacturing Overhead Fired Seling Costs Fixed Administrative Costs $190 000 $115,000 $135.000440 CD Required: (a) Using the equation method, calulate the number ef units sold in 2018. Given the sales units calculated in Part (a), prepare a contribution margin income statement for the year ended December 31, 2018. detaling the composition of total fed costs and clearty showing contribution and net income (ef Calculate Valencia's break-even paint in units and in sales dellars (d) Calculate the marain of safety in units and in sales dollars The…in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023Period Ccb Home | bartl... O O of 15 2 £ Required information [The following information applies to the questions displayed below.] 22 my.post.edu... Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Total fixed manufacturing cost Okay 3 Y x 10- Unit 1 -... 4 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? LO 5 G what is the h... 6 7 Average Cost per Unit $ 7.00 $ 4.50 $ 1.40 $ 4.00 $ 4.00 $ 2.10 $ 1.10 $ 0.55 You 8 Init 1 - C... 9 ct 0 dele
- Chhom Incorporated, manufactures and cells two products Product F and Product U4 Data concerning the expected production of each product and the expected total direct labor hours (DLH required to produce that output appear below Product F9 Product 04 Total direct labor-hoursi Expected Direct Labor-Hours Total Direct Production 300 600 Activity Cost Pools Labor-related Production orders order size Per Unit 4.0 2.0 The direct labor rate is $25.90 per DLH The direct materials cost per unit is $285 for Product F9 and $244 for Product 4 The company is considering adopting an activity based costing system with the following activity cost pools, activity measures, and expected activity Activity Measures DLHS orders MHS Estimated Overhead Cost Product $ 42,600 67,630 137,820 $ 248,050 Labor-Hours 1,200 1,200 2,400 1,200 400 3,300 Expected Activity Product U 1,200 GOO 3,100 Total 2,400 1,000 4,400ext/map/index.htm?_con=con&external_browser%=0&launchUrl=https%253A%252F%252 Fnewconnect.mheducation.com%252F#/activity/q er 6 Saved Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses 2$ 24 16 24 %24 $ 220, 000 $ 140, 000 During its first year of operations, Haas produced 40,000 units and sold 40,000 units. During its second year of operations, it produced 55,000 units and sold 30,000 units, In its third year, Haas produced 20,000 units and sold 45,000 units. The selling price of the company's product is $54 per unit. Required: 1. Compute the company's break-even point in unit sales. 2. Assume the company uses variable costing: a. Compute the unit product cost for Year…Question12 -/1 View Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is below: presented Cost Drivers by Product Activity Cost Pool Cost Driver Estimated Overhead Budget Deluxe Ordering and Receiving Orders $130,000 600 400 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly 1,200,000 Parts 800,000 1,600,000 Inspection 550 Inspections 300,000 450 Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead cost per unit to 2 decimal places, eg. 12.25 and cost assigned to 0 decimal places, eg. 2,500.) Overhead cost per unit per unit Budget $ per unit Deluxe $ eTextbook and Media 9:25 PM ) 10/13/20