CanCo Company manufactures a single product. The company keeps careful records of manufacturing activities, from which the following information has been extracted: Number of units produced Cost of goods manufactured Work-in-process inventory, beginning Work-in-process inventory, ending Direct materials cost per unit Direct labour cost per unit Manufacturing overhead cost, total Level of Activity March Manufacturing overhead cost 5,200 $260,800 31,000 53,000 9 11 ? July 9,400 The company's manufacturing overhead cost consists of both variable and fixed cost elements. To have data available for planning, management wants to determine how much of the overhead cost is variable with units produced and how much of it is fixed per month. X Cost of goods manufactured $399,000 23,000 16,000 Required: 1. For both March and June, determine the amount of manufacturing overhead cost added to production. (Hint: A useful way to proceed might be to construct a schedule of cost of goods manufactured.) 9 11 ? Answer is complete but not entirely correct. March 282,800 $ 2. By means of the high-low method of cost analysis, estimate a cost formula for manufacturing overhead. Express the variable portion of the formula in terms of a variable rate per unit of product. July 392,000 X 3. Assume that CanCo produced 8,200 units in September. What will be the cost of goods manufactured? (Assume that beginning and ending work-in-process Inventories were $18,100 and $10,100 respectively.)

E12.4

LO 7.4 Name the four main special journals.

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Answer Question 4

Which of the following items is exempt from including into the assessable income for salaries tax purposes? Select one: a. Leave pay b. Commission c. Compensation for termination of employment not provided in the contract d. End of contract gratuities

I asked for S5-6

What is the solution to 0.5x - 2 < 5.5? O A. X < 7 о В. х< 9 С. X < 13 D. x < 15

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