Homework Answers
rate positively ..
| Ans 1 | We have to use high low method to compute the fixed cost | |||||
| Utility cost | Unit sold | |||||
| high | 7035 | 118000 | ||||
| Low | 5100 | 75000 | ||||
| Delta | 1935 | 43000 | ||||
| variable cost per unit = | 1935/43000 | |||||
| 0.045 | ||||||
| therefore fixed cost = 7035-0.045*118000 | ||||||
| 1725 | ||||||
| ans = option d_ | 1725 | |||||
| Ans 2 | Computation of equivalent unit of conversion for April | |||||
| Unit completed = | 9000 | |||||
| closing WIP = | 4000*40% | 1600 | ||||
| Equivalent unit = | 10600 | |||||
| ans is option b. = | 10,600 | |||||
| Ans 3 | Fixed cost will remain fixed irrespective to the level of output. | |||||
| therefore answer is option a. 250000 total | ||||||
| Ans 4 | Variable cost per unit = Total variable cost/total unit sold | |||||
| 16000/16000 | ||||||
| $ 1.00 | ||||||
| ans is option d. $1.00 per unit | ||||||
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you!
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