Required information Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies IDC Allocation, $ 30,000 20,000 10,000 8,500 26,000 Actual DL Hours 550 1050 650 Final assembly Quality assurance Engineering NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the IDC redistribution for each of the three departments. The IDC redistribution is as follows:

c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of TP = WorkersOutput 1 2 3 4 5 6 18 80 180 240 280 294 7 TVC($) 6 220 440 660 880 1100 1320 TFC Table B 400 400 400 400 400 400 TC 620 840 1060 1280 1500 1720 AVC($) 22 5.5 3.67 3.67 G ATC 62 10.5 5.89 5.33 5.33 5.3 3.9 4.5 5.8 d) On the graph given below, plot the following points showing the quantity and dollar amounts. point of diminishing returns (D) most productive point (P) economic capacity (E) Once a point is plotted, a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Tools Question 1- CH 6: In-Class Activity x MC($) 0 220 220 220 220 220 Prev i 1 of 8 Next > O & https://exto.mheducation.com/ext/map/index.html? l

Check my work Required information The delivered-equipment cost for a fully equipped CNC machining system is $5.4 million. The direct cost factor is 1.52 and the indirect cost factor is 0.25. Estimate the total plant cost if the indirect cost factor applies to the total direct cost. (Enter your answer in dollars and not in millions of dollars.) eBook Hint The total plant cost is $

Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000 hours for the month. Fixed costs are budgeted at $60,000 for the month. a. Prepare a monthly factory overhead flexible budget for 9,000, 10,000, and 11,000 hours of production. Enter all amounts as positive numbers. Wiki Wiki Company Monthly Factory Overhead Cost Budget-Fabrication Department Line Item Description Direct labor hours Variable factory overhead cost Fixed factory overhead cost Total factory overhead cost Amount Amount Amount 9,000 10,000 11,000 b. How much overhead would be applied to production if 9,000 hours were used in the department during the month? If required, round your calculations to two decimal places and your final answer to the nearest dollar

dTC MC = dQ = 25 + 30Q – 9Q² 4. Given marginal cost, and fixed cost, FC = 55, find the (i)total cost, (ii) average cost, and (iii) variable cost functions. (Ans, (i)TC = 25Q +15Q² – 3Q³ + 55 i) 4C = 25 +15Q – 3Q² +55/Q and. ,(ii) VC = 25Q +15Q² – 3Q°). (iii) 5. Find the (i) Total Revenue function, TR = f(Q) and, (ii) the Demand function, P = f(Q), TR = 84Q – 20? 3 Q³ Q? P = 84 – 2Q – MR = 84 – 4Q-Q² 3 ). %3D given (Ans. (i) (ii)

Total Fixed Cost (TFC), Total Variable Cost (TVC), Total Cost (TC), and the Average Total Cost (ATC) per unit. A company produces 100 bicycles per month. The company pay 3,000 per rent, 2,000 per insurance, 1,000 per loan, including interests, 3,000 per labor, and 11,000 per raw materials. Calculate the Total Fixed Cost (TFC), the Total Variable Cost (TVC) the Total Cost (TC) of producing the 100 bicycles and the Average Total Cost (ATC) per bicycle.

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Q2. RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate variable X1 dept. costs based on the number of transactions and fixed X1 dept. costs based on the number of employees. X2 dept. variable costs will be allocated based on the number of service requests and fixed costs will be allocated based on the number of computers. The following information is provided: Total Department variable costs Total department fixed costs Number of transactions Number of employees Number of service requests Number of computers Support Departments Operating Departments X2 X1 Z1 Z2 12,500 95,000 52,500 14,500 105,000 45,000 38 175 112 14 38 30 30 38 25 15 25 30 15,000 27,500 45 18 18 20 You are required to allocate the variable and fixed costs.

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Tomas Ocampo has just been appointed chairperson of the Accountancy Department of ADEB College. In reviewing the department’s cost records, Tomas has found the following total cost associated with MAS Part 2 subject over the last several terms: Semester/Term Number of Subjects Offered Total Cost AY2004, First Semester 4 P10,000 AY2004, Second Semester 6 14,000 AY2004, Summer 2 7,000 AY2005, First Semester 5 13,000 AY2005, Second Semester 3 9,500 Tomas knows that there are some variable costs, such as amounts paid to student assistants, associated with the course. He would like to have variable and fixed cost components separated for planning purposes. Using the least-squares method, what is the variable cost per section of MAS?