HomeworkLib
Question

Jane’s Cookies projects fixed costs to be $1.50 per unit and its combined direct material and...

Jane’s Cookies projects fixed costs to be $1.50 per unit and its combined direct material and direct labor cost to be $6.00 in May when 5,000 units are produced. If production is expected to increase to 6,000 units in June, how much is the budgeted total cost for June?

Group of answer choices

$36,000

Some other answer

$45,000

$37,500

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Total fixed cost:

= $1.50 X 5,000

= $7,500

TitalFixed cost remains same irrespective of number of units produced.

Total cost in June when 6,000 units are produced:

= ($6 X 6,000) + $7,500

= $43,500

Some other answers.

0 0
Add a comment
Know the answer?
Add Answer to:
Jane’s Cookies projects fixed costs to be $1.50 per unit and its combined direct material and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated...

    Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container.                                                 Budgeted quantity           Budgeted price         Direct materials         0.30 pounds                        $90 per pound         Direct labor                 0.25 hours                            $30 per hour During June, Heavy Products produced and sold 15,000 containers using 2,400 pounds of direct materials at an average cost per pound of $92 and 3,750 direct manufacturing labor-hours at an average wage...

  • 1). Sales is $100 per unit; direct material is $22 per unit; direct labor is $18...

    1). Sales is $100 per unit; direct material is $22 per unit; direct labor is $18 per unit; overhead is $8 per unit and $1,800 per month; selling and administrative expenses are $5 per unit and $1,400 per month. If the company produced 100 units, total period costs are: a).$1,900 b).$4,800 c).$6,600 d).$500 2).Sales is $100 per unit; direct material is $25 per unit; direct labor is $15 per unit, overhead is $10 per unit and $20,000 per month; selling...

  • Smart Phone Units produced Direct material and direct labor costs Direct labor hours 10,000 $78,000 10,000...

    Smart Phone Units produced Direct material and direct labor costs Direct labor hours 10,000 $78,000 10,000 Regular Phone Units produced Direct material and labor costs Direct labor hours 100,000 $738,000 90,000 ABC has decided it wants to implement an activity based costing system to cost its products. The following is some data accumulated for the implementation of the ABC system: Activity Cost Cost Driver Ser-ups Material handling Machining Quality testing $120,000 $60,000 $100,000 $80.000 # of production runs # of...

  • Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour...

    Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $3 per unit and total budgeted fixed overhead is $6,000. A sales commission of $4 is paid on each unit. If Bemmitt expects to produce 2,270 units and sell 1,380 units, what is the total budgeted cost of goods sold ? Round your answer to the nearest dollar.

  • 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...

  • Cost per Unit Variable costs Direct material $940 Direct labor 600 Variable overhead 300 Fixed costs...

    Cost per Unit Variable costs Direct material $940 Direct labor 600 Variable overhead 300 Fixed costs Depreciation of equipment 500 Depreciation of building 275 Supervisory salaries 300 The company has an offer from Duvall Valves to produce the part for $2,000 per unit and supply 1,000 valves (the number needed in the coming year). If the company accepts this offer and shuts down production of valves, production workers and supervisors will be reassigned to other areas. The equipment cannot be...

  • Assuming a constant mix of 3 units of Small for every 1 unit of Large.                               &nb

    Assuming a constant mix of 3 units of Small for every 1 unit of Large.                                                      Small               Large            Total             Sales                                  $20                  $30             VC                                       14                    18             Total fixed costs                                                        $48,000            If the company desires to achieve an operating income of $27,000, the required sales for product A would be: Group of answer choices 8,000 units 2,500 units 7,500 units 4,800 units Answer questions 1-2 using the information below: Balt Company maintains a standard cost system. Last period, Balt spent $25,000...

  • Question text Lance Production Company has the following information: Standard fixed factory overhead rates per direct...

    Question text Lance Production Company has the following information: Standard fixed factory overhead rates per direct labor-hour $1.50 Standard variable factory overhead rates per direct labor-hour $5.00 Actual number of units produced 6,000 units Actual factory overhead costs (includes $70,000 fixed) $78,000 Actual direct labor hours 6,000 hours Standard factory overhead rates are based on a normal monthly volume of 5,000 units (1 standard direct labor-hour per unit). What is Lance's variable overhead efficiency variance? Select one: A. $3,000 (F)...

  • Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour...

    Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $2 per unit and total budgeted fixed overhead is $7,400. A sales commission of $5 is paid on each unit. If Bemmitt expects to produce 3,210 units and sell 1,330 units, what is the total budgeted cost of goods sold ? Round your answer to the nearest dollar.

  • n taition Per Unit Direct materials $6.00 Direct labor $3.50 Variable manufacturing overhead $1.50 Fixed manufacturing...

    n taition Per Unit Direct materials $6.00 Direct labor $3.50 Variable manufacturing overhead $1.50 Fixed manufacturing overhead $4.00 Fixed selling expense $3.00 Fixed administrative expense $2.00 Sales commissions $1.00 Variable administrative expense $0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10.000 units? 3. If 8,000 units are sold, what is the variable...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT