The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) $117,900 80,700 102,600 April May June 275,000 164,500 248,100 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.61 per unit and $12,200 Ob. $6.12 per unit and $2,440 Oc. $0.34 per unit and $24,400 Od. $3.40 per unit and $2,440

Lindquist Company has the following information for February: Line Item Description Amount Sales $370,000 Variable cost of goods sold 173,900 Fixed manufacturing costs 55,500 Variable selling and administrative expenses 40,700 Fixed selling and administrative expenses 22,200 Determine the following for Lindquist Company for the month of February: Line Item Description Amount a.  Manufacturing margin $fill in the blank 1 b.  Contribution margin $fill in the blank 2 c.  Operating income $fill in the blank 3

Subject: acounting

The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity (Units Produced) July $ 230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 Required: Determine the variable cost per unit and the fixed cost using the high-low method. What is the equation of the total mixed cost function?       3. Prepare the scatter diagram, clearly showing any outliers

Salem Company has the following costs information for June where production volume is 2,000 units: 7. The variable cost and fixed cost per unit respectively are: A) $8.75 and $1.50. B) $8.75 and $0.25. C) $4.25 and $3.00. D) $8.50 and $12.00. B) fixed cost per unit. C) total variable cost. D) total cost per unit. A) 1,000 B) 1,800 Direct materials Direct labor 8. If production changes to 2.200 units, which cost will remain the same? A) variable cost per unit. C) 3,200 D) 2,600 Straight-line depreciation Rent expenses other fixed costs 9.The production budget shows expected unit sales of 16,000. Beginning finished goods units are 1,800. Required production units are 16,800. What are the desired ending finished goods units? A) B) D) 10. The production budget shows expected unit sales are 50,000. The required production units are 52,000. What are the beginning and desired ending finished goods units, respectively? Ending Units 2,000 5,000 $8,500 $9,000 5800 Beginning Units 5,000 3.000…

Gates Manufacturing operations for 2021 are as follows:                                                                    $Per unit:      Sales price                                        100      Direct material cost                           36      Direct wages                                         8      Variable production overhead            6Per month:      Fixed production overhead      198 000      Fixed selling expenses               24 000      Fixed administration expenses 52 000Variable selling expenses is 10% of sales value.Normal capacity was 11 000 units per month.                                 January           February                                     Units                 UnitsSales                          20 000             24 000Production                24 000             20 000 Using the two methods:A. Compute the unit production cost B. Determine the value of the closing inventory

The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Discussion Question July August September October November December January February March April May June Total Production Costs $230,000 250,000 260,000 220,000 340,000 330,000 200,000 210,000 240,000 380,000 360,000 290,000 Level of Activity (Units Produced) 3,500 3,750 3,800 3,400 5,800 5,500 2,900 3,300 3,600 5,900 5,600 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Based on the High-Low method, what is the total production costs if 6,500 units are produced? d) Prepare the scatter diagram and insert the trendline or line of best-lit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the y- e) Using the line of best fit delermine the company's lixed cost per month and the variable cost per unit (Use 0 &…

During the month of December, Labu Corporation produced 10,000 units and sold them for P18.50 per unit. Total fixed costs for the period were P112,000, and the operating profit was 28,000. Based on the foregoing information, the variable cost per unit for the month of December was

Determine the break-even point in terms of number of units produced per month using the following data: (the costs are in pesos per unit) Selling price per unit=P600.00 Total monthly overhead expenses=P428,000.00 Labor cost=P115.00 Cost of materials=P76.00 Other variable cost=P2.32

The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Level of Activity (Units Produced) Month Total Production Costs July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 Мay 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Prepare the scatter diagram and insert the trendline or line of best-fit. use a scale of 2 cm to represent 1,000 units on the x-axis § 2 cm to represent $50,000 on the y- axís. d) Using the line of best-fit, determine the company's fixed cost per month and the variable cost per unit. (use og 5,000 units.) e) Which of the two methods appear more appropriate? Explain your answer.