Question 1: The Information below is taken from production department of MSS Company for April: The number of units produced is 10000. All amounts are in $. Total Costs Variable Cost Fixed Cost Direct material cost 500000 ? ? Total labor cost ? 400000 100000 Manufacturing Overhead 90000 30000 ? Calculate: Find the missing information in the above table. Some values may not be applicable, explain. Calculate cost per unit Describe the production costs in the equation form Y = f + vX.
Question 1: The Information below is taken from production department of MSS Company for April: The number of units produced is 10000. All amounts are in $. Total Costs Variable Cost Fixed Cost Direct material cost 500000 ? ? Total labor cost ? 400000 100000 Manufacturing Overhead 90000 30000 ? Calculate: Find the missing information in the above table. Some values may not be applicable, explain. Calculate cost per unit Describe the production costs in the equation form Y = f + vX.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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Question 1: The Information below is taken from production department of MSS Company for April:
The number of units produced is 10000. All amounts are in $.
|
Total Costs |
Variable Cost |
Fixed Cost |
Direct material cost |
500000 |
? |
? |
Total labor cost |
? |
400000 |
100000 |
Manufacturing Overhead |
90000 |
30000 |
? |
Calculate:
- Find the missing information in the above table. Some values may not be applicable, explain.
- Calculate cost per unit
- Describe the production costs in the equation form Y = f + vX.
- Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month
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