Homework Answers
Correct answer-----------$55
Working
| Variable cost per unit | (86400/2700) | $ 32.00 |
| Fixed cost per unit | (73600/3200) | $ 23.00 |
| Total cost per unit | (23+32) | $ 55.00 |
Fixed cost in total will not change but it varies on unit level when production changes.
Fixed cost will remain $73600.
Add Answer to:
Wu Company incurred $73,600 of fixed cost and $86,400 of variable cost when 2,700 units of...
Wu Company incurred 540,000 of fixed cost and $50,000 of variable cost when 4,000 units of...
Wu Company incurred 540,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume increases to 5,000 units, the total cost per unit will be Multiple Choice $18.00 O $20.00 $20 50 Wu Company incurred $103.600 of fixed cost and $118,400 of variable cost when 3,200 units of product were made and sold. if the company's volume increases to 3.700 units, the total cost per unit will be: Multiple...
Saved Wu Company incurred $124,000 of fixed cost and $140,000 of variable cost when 3,500 units...
Saved Wu Company incurred $124,000 of fixed cost and $140,000 of variable cost when 3,500 units of product were made and sold. If the company's volume increases to 4,000 units (within relevant range), the total cost per unit will be: Multiple Choice O $35.00
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of...
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice increase but will not double. stay the same. double as well. decrease.
Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of...
Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice 0 decrease. 0 increase but will not double. 0 O double as well. 0 stay the same.
Wu Company incurred $49,000 of fixed cost and $58,800 of variable cost when 4,900 units of...
Wu Company incurred $49,000 of fixed cost and $58,800 of variable cost when 4,900 units of product were made and sold. If the company's volume doubles, the company's total cost will: Multiple Choice stay the same double as well Increase but will not double decrease
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and...
Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and sells 5,600 units, its average costs per unit are as follows Average Cost per Unit Direct materials $6.55 Direct labor $3.80 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $2.15 $3.50 $1.05 $e.75 $0,85 $0.75 If 5,400 units are produced, the total amount of direct manufacturing cost incurred is closest to Multiple Choice Help If...
Check my w AJ Manufacturing Company incurred $50,000 of fixed product cost and $40,000.of variable product...
Check my w AJ Manufacturing Company incurred $50,000 of fixed product cost and $40,000.of variable product cost during its first year of operation. Also during its first year, AJ incurred $16,000 of fixed and $13,000 of variable selling and administrative costs. The company sold all of the units it produced for $160,000. Required a. Prepare an income statement using the format required by generally accepted accounting Principles (GAAP). AJ MANUFACTURING COMPANY Income Statement points b. Prepare an income statement using...
AJ Manufacturing Company incurred $54,500 of fixed product cost and $43,600 of variable product cost during...
AJ Manufacturing Company incurred $54,500 of fixed product cost
and $43,600 of variable product cost during its first year of
operation. Also during its first year, AJ incurred $17,350 of fixed
and $13,900 of variable selling and administrative costs. The
company sold all of the units it produced for $178,000.
Required
Prepare an income statement using the format required by
generally accepted accounting Principles (GAAP).
AJ MANUFACTURING COMPANY Income Statement
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ 300,000 $ 190,000 During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit. Required: 1. Assume that the company...
Wu Company incurred 540,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume increases to 5,000 units, the total cost per unit will be Multiple Choice $18.00 O $20.00 $20 50 Wu Company incurred $103.600 of fixed cost and $118,400 of variable cost when 3,200 units of product were made and sold. if the company's volume increases to 3.700 units, the total cost per unit will be: Multiple...
Saved Wu Company incurred $124,000 of fixed cost and $140,000 of variable cost when 3,500 units of product were made and sold. If the company's volume increases to 4,000 units (within relevant range), the total cost per unit will be: Multiple Choice O $35.00
Wu Company incurred $44,200 of fixed cost and $54,600 of variable cost when 2,100 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice increase but will not double. stay the same. double as well. decrease.
Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume doubles, the total cost per unit will: Multiple Choice 0 decrease. 0 increase but will not double. 0 O double as well. 0 stay the same.
Wu Company incurred $49,000 of fixed cost and $58,800 of variable cost when 4,900 units of product were made and sold. If the company's volume doubles, the company's total cost will: Multiple Choice stay the same double as well Increase but will not double decrease
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and sells 5,600 units, its average costs per unit are as follows Average Cost per Unit Direct materials $6.55 Direct labor $3.80 Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $2.15 $3.50 $1.05 $e.75 $0,85 $0.75 If 5,400 units are produced, the total amount of direct manufacturing cost incurred is closest to Multiple Choice Help If...
Check my w AJ Manufacturing Company incurred $50,000 of fixed product cost and $40,000.of variable product cost during its first year of operation. Also during its first year, AJ incurred $16,000 of fixed and $13,000 of variable selling and administrative costs. The company sold all of the units it produced for $160,000. Required a. Prepare an income statement using the format required by generally accepted accounting Principles (GAAP). AJ MANUFACTURING COMPANY Income Statement points b. Prepare an income statement using...
AJ Manufacturing Company incurred $54,500 of fixed product cost
and $43,600 of variable product cost during its first year of
operation. Also during its first year, AJ incurred $17,350 of fixed
and $13,900 of variable selling and administrative costs. The
company sold all of the units it produced for $178,000.
Required
Prepare an income statement using the format required by
generally accepted accounting Principles (GAAP).
AJ MANUFACTURING COMPANY Income Statement
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative $ 300,000 $ 190,000 During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit. Required: 1. Assume that the company...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago