The cost per unit associated with the production of Xen Merchandising are the following: Direct Materials P1,000; Direct Wages - P200; Variable Overhead - P1,500; and Fixed Overhead - P2,000. Given the data, what is the marginal cost?

Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. A. Wood used to produce desks ($125.00 per desk) B. Production labor used to produce desks ($15 per hour) C. Production supervisor salary ($45,000 per year) D. Depreciation on factory equipment ($60,000 per year) E. Selling and administrative expenses ($45,000 per year) F. Rent on corporate office ($44,000 per year) G. Nails, glue, and other materials required to produce desks (varies per desk) H. Utilities expenses for production facility I. Sales staff commission (5% of gross sales)

13. If Job Q includes 30 units, what is its unit product cost? 14. Assume that Sweeten Company uses cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. If Job P includes 20 units and Job Q includes 30 units, what selling price would the company establish for Jobs P and Q? What are the selling prices for both jobs when stated on a per unit basis? 15. What is Sweeten Company’s cost of goods sold for the year?

How can you obtain better estimates of fixed and variable costs? Why would these better estimates be useful to Gower?

Tashiro 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 7,095     $252,840   2,795     162,540   4,350     186,920   a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2   b. Based on part (a), estimate the total cost for 3,560 units of production. Total cost for 3,560 units: $fill in the blank 3

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The JAG Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. JAG Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. The following are data from the most recent periods: Cost Hours $25,000 5,025 25,100 4,000 34,000 7,515 60,370 15,500 38,000 9.500 Required: (a) Using the high-low method, estimate the cost function. Round to two decimal places. Show work to receive partial credit!! (b) Calculate the estimated total costs at an operating level of 6,000 hours. Show work to receive partial credit!!!

Poleskiʼs controller would like to have the worksheet display an income statement in a contribution margin format (Sales – variable costs = contribution margin – fixed costs = net income).       CVP Cost-Volume-Profit Analysis       Data Section             Fixed Variable Production costs          Direct materials   $2.30      Direct labor   4.70      Factory overhead $225,000 3.00 Selling expenses          Sales salaries & commissions 97,000 0.75      Advertising 47,500        Miscellaneous selling expense 16,200   General expenses          Office salaries 92,000        Supplies 12,300 0.25      Miscellaneous general expense 15,000     $505,000 $11.00       Projected unit sales   120,000 Selling price per unit   $16.00       Target net income   $250,000       Answer Section           Contribution margin per unit    $5.00 Contribution margin ratio    31.25%       Break-even point in units   101,000 Units needed to…

Tashiro 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 5,100     $437,920   1,700     281,520   3,400     417,280   a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2   b. Based on part (a), estimate the total cost for 2,450 units of production. Total cost for 2,450 units: $fill in the blank 3

Fixed manufacturing costs are $40 per unit, and variable manufacturing costs are $120 per unit. Production was 113,000 units, while sales were 108,480 units. a.   Determine whether variable costing operating income is less than or greater than absorption costing operating income.   b.   Determine the difference in variable costing and absorption costing operating income.