In case of a manufacturing organization, which of the following is a variable cost that varies...
In case of a manufacturing organization, which of the following is a variable cost that varies directly with the sales volume?
A.
shipping cost
B.
interest cost
C.
dividend cost
D.
rental cost
Homework Answers
Answer: A.Shipping Cost
Explanation:The variable cost of a company is cost associated with the number of Units it produces.variable cost increases or decreases with its Volume. Since Shipping Cost Varies In Relation to sales Volume
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In case of a manufacturing organization, which of the following
is a variable cost that varies...
11) A variable cost is a cost that a. varies per unit at every level of...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
1.A variable cost is a cost that A) varies per unit at every level of activity....
1.A variable cost is a cost that A) varies per unit at every level of activity. B) occurs at various times during the year. C) varies in total in proportion to changes in the level of activity D) may or may not be incurred, depending on management's discretion. 2. The amount by which actual or expected sales exceeds break-even sales is referred to as A) contribution margin. B) unanticipated profit. C margin of safety. D) target net income.
Stuart Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost...
Stuart Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed sel1ing and administrative cost $ 8.30 per unit $ 3.40 per unit $2,900 total 700 total Stuart planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units. Required a. Determine the sales and variable cost volume variances b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.60 per unit $2,800 total 800 total Thornton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
1. A manufacturing organization is looking at the following two locations: Birmingham Manchester Variable costs $14/unit...
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Benson Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost...
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Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing...
Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.70 per unit $2,500 total $ 700 total Adams planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost...
A.3.80 variable manufacturing cost B.4.25 unit product cost C.2.10 variable selling and administrative cost D.7.20 full...
A.3.80 variable manufacturing cost
B.4.25 unit product cost
C.2.10 variable selling and administrative cost
D.7.20 full cost
The following are Silver Corporation's unit costs of making and selling an item at a volume of 8,300 units per month (which represents the company's capacity): Manufacturing: Direct materials Direct labor Variable overhead Fixed overhead Selling and administrative: Variable Fixed $ $ $ $ 1.10 2.10 0.60 0.45 $ $ 2.10 0.85 Present sales amount to 7,200 units per month. An order has...
Rainbow Manufacturing has the following data: Selling price: $140 Variable manufacturing cost: $87 Fixed manufacturing cost...
Rainbow Manufacturing has the following data: Selling price: $140 Variable manufacturing cost: $87 Fixed manufacturing cost $250,000 per month Variable selling & adminstrative costs $22 Fixed selling & adminstrative costs $188,000 per month If Rainbow Manufacturing has actual monthly sales of $2,100,000 and desires an operating profit of $75,000 per month, what is the margin of safety in sales dollars? a. $242,972 b. $154,299 c $75,000 d. $250,000
1.a) What variable manufacturing overhead cost would be included in the company's flexible budget for March...
1.a) What variable manufacturing overhead cost would be included
in the company's flexible budget for March and what is the variable
overhead effeiciency variance for March? b) What is the
variable overhead rate variance for March? c) What is the spending
variance related to advertising? d) What is the spending variance
related to sales salaries and commissions? e)What is the spending
variance related to shipping expenses?
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
1.A variable cost is a cost that A) varies per unit at every level of activity. B) occurs at various times during the year. C) varies in total in proportion to changes in the level of activity D) may or may not be incurred, depending on management's discretion. 2. The amount by which actual or expected sales exceeds break-even sales is referred to as A) contribution margin. B) unanticipated profit. C margin of safety. D) target net income.
Stuart Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed sel1ing and administrative cost $ 8.30 per unit $ 3.40 per unit $2,900 total 700 total Stuart planned to produce and sell 2,800 units. Actual production and sales amounted to 3,000 units. Required a. Determine the sales and variable cost volume variances b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.60 per unit $2,800 total 800 total Thornton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
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Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.70 per unit $2,500 total $ 700 total Adams planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost...
A.3.80 variable manufacturing cost
B.4.25 unit product cost
C.2.10 variable selling and administrative cost
D.7.20 full cost
The following are Silver Corporation's unit costs of making and selling an item at a volume of 8,300 units per month (which represents the company's capacity): Manufacturing: Direct materials Direct labor Variable overhead Fixed overhead Selling and administrative: Variable Fixed $ $ $ $ 1.10 2.10 0.60 0.45 $ $ 2.10 0.85 Present sales amount to 7,200 units per month. An order has...
1.a) What variable manufacturing overhead cost would be included
in the company's flexible budget for March and what is the variable
overhead effeiciency variance for March? b) What is the
variable overhead rate variance for March? c) What is the spending
variance related to advertising? d) What is the spending variance
related to sales salaries and commissions? e)What is the spending
variance related to shipping expenses?
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...
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