FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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If variable
a. 6,100 units are manufactured and the company uses the variable costing concept?
$fill in the blank 1
b. 7,600 units are manufactured and the company uses the variable costing concept?
$fill in the blank 2
c. 6,100 units are manufactured and the company uses the absorption costing concept?
$fill in the blank 3
d. 7,600 units are manufactured and the company uses the absorption costing concept?
$fill in the blank 4
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- I would like help answering this accounting problem. Screen shots are included. Thank youarrow_forwardA. APPLY THE CONCEPTS: Determine the mixed costs Costs that display characteristics of both fixed and variable costs simultaneously are called "mixed costs." The rental agreement on a piece of machinery stipulates an annual fee of $6,000 plus $2 for each hour of use. To illustrate, assume the manager wants to know what mixed costs will be at 7,000 hours of operation. Fixed Cost + (Variable Cost per Unit x Number of Units) = Mixed Cost $________________ + $_____ x 7,000 hours) = $___________ For this scenario, calculate the mixed costs at different levels across the relevant range, then graph them. Hours of Operation Mixed Cost 0 hours $________________ 4,000 $________________ 9,000 $________________ 12,000 $________________ 15,000 $________________ B. Based on the data from the table completed above, select the graph that correctly represents the mixed cost data. (selections in screenshot)arrow_forwardZiegler 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 7,425 $415,800 2,925 267,300 4,860 348,380 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the total cost for 3,730 units of production. Total cost for 3,730 units: $arrow_forward
- If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $626,400, what is the manufacturing cost per unit if: a. 7,200 units are manufactured and the company uses the variable costing concept?$fill in the blank 1 b. 8,700 units are manufactured and the company uses the variable costing concept?$fill in the blank 2 c. 7,200 units are manufactured and the company uses the absorption costing concept?$fill in the blank 3 d. 8,700 units are manufactured and the company uses the absorption costing concept?$fill in the blank 4arrow_forwardget fast answer as per possibility..arrow_forwardSuppose that a company has fixed costs of $22 per unit and variable costs $9 per unit when 15,000 units are produced. What are the fixed costs per unit when 12,000 units are produced? Round your answer to the nearest cent. Fixed costs per unit $fill in the blank 1arrow_forward
- Question: Warner 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 2,070 1,200 $210,500 158,400 3,200 Required: 246,400 a) Determine the variable cost per unit and the total fixed cost. (Round to nearest dollar) b) Based on part (a), estimate the total cost for 1,580 units of production.arrow_forward1arrow_forwardWhich of the following is a fixed cost? Multiple Choice A cost that is $40.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $40.00 per unit when production is 160,000. A cost that is $80.00 per unit when production is 100,000, and $80.00 per unit when production is 160,000. A cost that is $40.00 per unit when production is 100,000, and $25.00 per unit when production is 160,000.arrow_forward
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