Chrystal Company incurred the following costs for the months of January and February: Type of Cost January February. Insurance $ 7,000 $ 7,000 Utilities 2,600 3,800 Depreciation 2,000 2,000 Materials 5,000 8,000 Assume that output was 1,000 units in January and 3,000 units in February, utility cost is a mixed cost, an the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?

Chrystal Company incurred the following costs for the months of January and February: Type of Cost January February. Insurance $ 7,000 $ 7,000 Utilities 2,600 3,800 Depreciation 2,000 2,000 Materials 5,000 8,000 Assume that output was 1,000 units in January and 3,000 units in February, utility cost is a mixed cost, an the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
XYZ Company incurred the following costs for the month of August when it observed an activity level of 5,000 units Vanable co 532.500 Fixed costs $25,000; Mixed costs $21,500, Total costs $79,000. During October, the activity level was 16,000 units and the cnts incurred were $178,000 If the activity level were expected to be 7,000 units for the month of December, what amount of al costs would be expected? Select one DaS106,000 Ob$124,000 Oc None of the answers given a S115.000 S97.000
First Buy Company provided the following manufacturing costs for the month of June. Direct labor cost $136,000Direct materials cost 80,000Equipment depreciation (straight-line) 24,000Factory insurance 19,000Factory manager's salary 12,800Janitor's salary 5,000Packaging costs 18,800 From the above information, calculate First Buy's total variable costs.
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) Аpril $116,100 281,600 May 90,500 164,900 June 108,300 242,000 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. $2.20 per unit and $5,415 Ob. $0.40 per unit and $27,074 Oc. $3.96 per unit and $5,415 Od. $0.22 per unit and $54,148
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $116,500 279,700 May 85,700 164,000 June 104,900 241,900 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.49 per unit and $20,491 b. $4.86 per unit and $4,098 c. $0.27 per unit and $40,981 d. $2.70 per unit and $4,098
During the months of April through September, the following total utility costs were paid at various production volumes: Total Total Utility Production Month Costs Volume April $ 5,000 16,000 units May 7,000 26,000 units June 8,000 32,000 units July 6,000 20,000 units August 4,000 12,000 units September 10,000 36,000 units a. Use the high-low method to calculate the cost formula utility costs. b. If the production volume were expected to be 22,000 units for the month of November, what amount of total costs would be expected?
The Peterson company incurred the following revenue and costs in the month of May: Sales Revenue S 57,000 Direct Materials $12,000 Variable Selling Costs $5,000 Direct labor paid $9,000 Mfg. Plant Utility Costs $19,000 Fixed Adv. Costs $2,000 1. The company's gross margin is? 2. If $10,000 of the mfg plant utility costs were fixed (and rest variable) the the Contribution Margin was? 3. If companys revenue is $ 530,000, profit before taxes $98000, and product costs are $390,000 then the companys period costs total is? 4. If fixed Costs are $15,000, operating income is $55, 000, revenues are $160,000, variable costs are $ 90,000, total Contribution Margin is?
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) $117,900 80,700 102,600 April May June 275,000 164,500 248,100 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. $0.61 per unit and $12,200 b. $6.12 per unit and $2,440 c. $0.34 per unit and $24,400 Od. $3.40 per unit and $2,440
The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Units Produced January $1,890,000 22,500 units February 2,800,000 35,000 March 4,230,000 55,000 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $119,600 275,500 May 81,700 167,200 June 97,400 245,800 Using the high-low method, the variable cost per unit and the total fixed costs are
The manufacturing costs of Callico Industries for three months of the year are provided below: Total Cost Production (units) April $119,100 283,700 May 92,000 168,600 June 101,600 233,700 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.24 per unit and $51,012 Ob. $2.40 per unit and $5,101 Oc. $4.32 per unit and $5,101 d. $0.43 per unit and $25,506
For September, Murphy Company has manufacturing costs in BWIP equal to $100,000. During September, the manufacturing costs incurred were $550,000. Using the weighted average method, Murphy had 100,000 equivalent units for September. The equivalent unit cost for September isa. $1.00.b. $7.50.c. $6.50.d. $6.00.e. $6.62.