FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Evaluating Selected Cost Driver Assume that a manufacturer of specialized machine parts developed the following total cost estimating equation for
manufacturing costs. Y = $14,400 + $1,250 (actual units) a. What is total estimated manufacturing costs if 180 units are produced? $Answer 0
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- 5. Match the following cost pools and activities with the most appropriate cost driver. Group of answer choices a. number of parts b. square feet c. direct labor hours d. number of tests required e. machine hours f. machine setups g. number of orders received 1. setup cost pool? 2. assembly cost pool? 3. supervising cost pool? 4. testing cost pool? 5. ordering cost pool? 6. fringe…arrow_forwardVishanuarrow_forwardI'se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units 1. Contribution margin per unit is a. P50 b. P55 с. Р80 d. P15 2. The contribution margin ratio is a. 45% b. 50% c. 55% d. 15%arrow_forward
- Please don't give image based answer..thankuarrow_forwardDESCOR High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,150 2,020 3,450 $169,740 229,900 264,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost s Total fixed cost s b. Based on part (a), estimate the total cost for 1,660 units of production. Total cost for 1,660 unitsarrow_forwardComplete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Checkarrow_forward
- 9arrow_forwardFind the missing information Output Fixed Variable Total Costs Costs Cost of (units) Costs per unit stion Company 4000 50000 70000 ? ? A Select one: O a. Total cost 120000 cost per unit 15.5 O b. otal cost 120000 cost per unit 30 O c. Total cost 74000 cost per unit 18.5 O d. Total cost 54000 cost per unit 13.5arrow_forwardFrom the below given data, which cost has no relationship with the level of output? Type of cost Amounts (OMR) Total cost 6,000 Variable costs 4,000 Semi variable costs 1,000 Fixed cost 1,000 O a. Variable costs O b. Semi variable costs OC. Total cost Od. Fixed costarrow_forward
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