Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Question: Production costs were $128,500 at 45,000 units and $163,000 at 58,000 units. Using the high-low method, calculate the estimated total costs for producing 50,000 units.
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- Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?arrow_forwardSuppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000 units are produced. What are the fixed costs per unit when 20,000 units are produced?arrow_forwardBased on the High-Low method, what is the total production costs if 6,500 units are produced?arrow_forward
- Within a relevant range of 10,000 units - 50,000 units, consider the following information: At a volume of 20,000 units, fixed expenses per unit = $12.50. At a volume of 25,000 units, average cost = $18.00 per unit. Compute average cost per unit at a volume = 40,000arrow_forwardAnswer give With Calculationarrow_forwardFind estimated total costs for production level...arrow_forward
- Net income under variable costing is P 30,000. Data shows: the total manufacturing cost per unit is P 20; total variable cost per unit is P 15 per unit and variable period cost is P 3 per unit. Beginning and ending inventories are 1,000 units and 1,500 units, respectively. What is the income under absorption costing?arrow_forwardProvide the Correct answerarrow_forwardTotal costs are OMR 70,000 when 10,000 units are produced; of this amount, variable costs are 20,000. What are the total costs when 7,500 units are produced? Select one:a.55,000b.55,000c.79,000d.65,000arrow_forward
- What is the cost behavior type if the cost per unit is $12 per unit at activity level of 5,000 units, and $10 per unit at 6,000 units? Why?arrow_forwardA company had income of $50,000 using variable costing for a given period. Beginning and ending inventories for that period were 80,000 units and 90,000 units, respectively. If the fixed overhead application rate were $10.00 per unit, what would operating income have been using full costing? What is the profit under absorption costing? 1) ($50,000) 2) $170,000 3) $150,000 4) $0arrow_forwardGiven the costs to produce 30,000 units, calculate the amounts for 1. - 4. below Number of units 30,000 Total Variable Costs $150,000 Total Fixed Costs $150,000 Total Costs $300,000 Fixed Cost per unit ✓ 1. Total Fixed Cost (at 60,000 units) ✓2. Total Fixed Costs (at 120,000 units) ✓3. Fixed Cost per unit (at 60,000 units) ✓ 4. Fixed Cost per unit (at 120,000 units) 60,000 3. A. None of these are correct. B. $5 C. $30,000 D. $2.50 E. $1.25 F. $150,000 G. $600,000 H. $300,000 120,000 2. 4.arrow_forward
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