Homework Answers
5. The answer is Option b. mixed cost. Mixed cost is the cost that include both fixed and variable components. Rent of the truck for a flat fee is a fixed cost and additional charge per mile is a variable cost.
6. The answer is Option b. a fair share of university utilities. Direct cost is the cost that can be directly attributable to the product.
7. Conversation Cost = Direct labor + Manufacturing overheads
= $13,000 + $46,000
= $59,000
The answer is Option c. $59,000
8. Direct Manufacturing costs = Direct materials + Direct Labor + Variable overheads
= (4,000 units * $5) + (4,000 units * $2.9) + (4,000 units * $1.25)
= $36,600
The answer is Option c. $36,600
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5. Adams Ltd.rents a truck for a flat fee plus an additional charge per mile. What...
4) Pembroke Corporation has provided the following information (4 pts): Cost per Unit Cost per Period...
4) Pembroke Corporation has provided the following information (4 pts): Cost per Unit Cost per Period Direct materials $ 5.00 Direct labor $ 2.90 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 21,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 7,500 If 4,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: A) $31,600 B) $35,600 C) $53,400 D) $36,600
9) Perkey Corporation has provided the following information: Cost per Period Cost per Unit 5.00 2.90...
9) Perkey Corporation has provided the following information: Cost per Period Cost per Unit 5.00 2.90 1.25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense S 21,000 S 1.00 S 0.55 Fixed selling and administrative expense S 7,500 If4,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: A) $31,600 B) S35,600 C) $36,600 D) $53,400
Adams, Inc. has the following cost data for Product X: (Click on the icon to view...
Adams, Inc. has the following cost data for Product X: (Click on the icon to view the data.) Calculate the unit product cost using absorption costing and variable costing when production is 400 units, 800 units, and 1,600 units a label or enter a zero.) 400 units 800 units 1,600 units Data Table Direct labor Direct materials Direct materials 38 pe Fixed manufacturing overhead Direct labor 50 pe Fixed selling and administrative costs Variable manufacturing overhead 18 pe Variable manufacturing...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions E. IF 19,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ F. If 24,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ G. If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If required,...
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing...
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $5.90 $ 4.10 $ 2.20 $152,000 $ 1.40 $ 0.30 $ 43,700 Required: a. If 9,500 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,500 units are produced, what is the total amount of indirect...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period 6.10 4.30 $1.40...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period 6.10 4.30 $1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $98,000 $1.00 0.40 $30,800 Required: a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations. .If 7,000 units are produced, what is the toteramount of indirect manufacturing costs incurred? a. Total direct manufacturing...
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.50 Direct labor $ 4.50 Variable manufacturing overhead $ 2.10 Fixed manufacturing overhead $ 25,800 Sales commissions $ 0.70 Variable administrative expense $ 0.60 Fixed selling and administrative expense $ 7,200 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred...
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.60 Direct labor $ 3.90 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 22,500 Sales commissions $ 0.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 7,500 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred...
Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 5.30 $...
Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 5.30 $ 3.75 $ 1.35 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $ 36,000 $ 0.70 $ 0.60 $ 12,000 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 8,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.70 Direct labor $ 3.90 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 136,000 Sales commissions $ 1.20 Variable administrative expense $ 0.65 Fixed selling and administrative expense $ 39,100 Required: a. If 8,500 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 8,500 units are produced, what is the total amount...
4) Pembroke Corporation has provided the following information (4 pts): Cost per Unit Cost per Period Direct materials $ 5.00 Direct labor $ 2.90 Variable manufacturing overhead $ 1.25 Fixed manufacturing overhead $ 21,000 Sales commissions $ 1.00 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 7,500 If 4,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: A) $31,600 B) $35,600 C) $53,400 D) $36,600
9) Perkey Corporation has provided the following information: Cost per Period Cost per Unit 5.00 2.90 1.25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense S 21,000 S 1.00 S 0.55 Fixed selling and administrative expense S 7,500 If4,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: A) $31,600 B) S35,600 C) $36,600 D) $53,400
Adams, Inc. has the following cost data for Product X: (Click on the icon to view the data.) Calculate the unit product cost using absorption costing and variable costing when production is 400 units, 800 units, and 1,600 units a label or enter a zero.) 400 units 800 units 1,600 units Data Table Direct labor Direct materials Direct materials 38 pe Fixed manufacturing overhead Direct labor 50 pe Fixed selling and administrative costs Variable manufacturing overhead 18 pe Variable manufacturing...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions E. IF 19,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ F. If 24,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ G. If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If required,...
Skolnick Corporation has provided the following information: Cost per Period Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $5.90 $ 4.10 $ 2.20 $152,000 $ 1.40 $ 0.30 $ 43,700 Required: a. If 9,500 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,500 units are produced, what is the total amount of indirect...
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period 6.10 4.30 $1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $98,000 $1.00 0.40 $30,800 Required: a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations. .If 7,000 units are produced, what is the toteramount of indirect manufacturing costs incurred? a. Total direct manufacturing...
Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 5.30 $ 3.75 $ 1.35 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $ 36,000 $ 0.70 $ 0.60 $ 12,000 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 8,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred...
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