Homework Answers
Question 4
Correct answer----------
| Y= | $ 232 | + | $ 535 | X |
Question 5
Correct answer---
| Total shipping cost | $ 3,977.00 |
Working
| Cost | No. of activities | ||
| A | High Level | $ 1,302.00 | 2 |
| B | Low Level | $ 4,512.00 | 8 |
| C=A-B | Difference | $ (3,210.00) | (6) |
| A | Cost difference | $ (3,210.00) | |
| B | No. of activities difference | -6 | |
| C=A/B | Variable cost per unit | $ 535.00 | |
| High Level | Low Level | ||
| A | No. of activities | 2 | 8 |
| B | Variable cost per unit | $ 535.0000 | $ 535.0000 |
| C=AxB | Total Variable cost | $ 1,070.00 | $ 4,280.00 |
| D | Total cost | $ 1,302.00 | $ 4,512.00 |
| E=D-C | Total fixed cost | $ 232.00 | $ 232.00 |
.
| February | |
| No of units | $ 7.00 |
| Variable cost | $ 3,745.00 |
| Fixed cost | $ 232.00 |
| Total cost | $ 3,977.00 |
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Required information [The following information applies to the questions displayed below.) Phillips Company manufactures air-conditioning units...
Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses...
Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Units Total Shipping Month Shipped Expense January 4 $ 2,280 February 4 $ 3,180 March 5 $ 2,700 April 2 $ 1,302 May 3 $ 2,250 June 6 $ 3,120 July 8 $ 4,512 4. What is the cost formula for shipping expenses? Y = + X 5. If seven air conditioners are shipped...
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement...
The Rhythm Shop is a large retailer of acoustic, electric, and
bass guitars. An income statement for the company’s acoustic guitar
department for a recent quarter is presented below:
THE RHYTHM SHOP
Income Statement—Acoustic Guitar Department
For the Quarter Ended March 31
Sales
$
2,880,000
Cost of goods sold
1,280,000
Gross margin
1,600,000
Selling and administrative expenses:
Selling expenses
$
520,000
Administrative expenses
320,000
840,000
Operating income
$
760,000
The guitars sell, on average, for $900 each. The department’s
variable...
Multi Part Question. Show all your work The Rhythm Shop is a large retailer of acoustic,...
Multi Part Question. Show all your work
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $1,600,000 800,000 800,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses $ 400,000 200,000 600,000 Operating income $ 200,000 The guitars sell, on average,...
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement...
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $3,330,000 1,665,000 1,665,000 Gross margin Selling and administrative expenses : Selling expenses Administrative expenses $ 570,000 370,000 940,000 Operating income $ 725,000 The guitars sell, on average, for $900 each. The department's variable...
exercise 3-4 Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1....
exercise 3-4
Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1. Using the high low method estimate the fixed cost of admitting patients per month and the vari- able cost of admissions per patient. 2 What factors other than the number of patients admitted are likely to affect changes in admitting department costs from month to month? CHECK FIGURE Variable costs patient: Fixed cc $19.000 EXERCISE - Contribution Format Income Statement (L03) The Rhythm Shop...
Show full solutions to these please and thank you! Required information (The following information applies to...
Show full solutions to these please and thank you!
Required information (The following information applies to the questions displayed below.) Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Units Shipped 4 Month January February March April May June July 5 2 3 6 8 Total Shipping Expense $ 2,200 $ 3,100 $ 2,600 $ 1,500 $ 2,200 $3,000 $ 3,600 8. If the...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built alr-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped Month January February March April May Total Shipping Expense $ 2,400 $ 2,900 $ 2,300 $ 2.600 $ 2,900 $ 3.900 $ 1,800 June als Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following...
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Month Units Shipped Total Shipping Expense January 2 $ 2,200 February 5 $ 2,700 March 3 $ 2,100 April 4 $ 2,400 May 6 $ 2,700 June 7 $ 3,700 July 1 $ 1,600 Using the high-low method, estimate the cost formula for shipping expense. Variable shipping expense: (per unit) Fixed shipping expense: (per...
Required information The following Information applies to the questions displayed below.] Preble Company manufactures one product....
Required information The following Information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: $50.00 64.00 Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $16 per hour Variable overhead: 4 hours at $7 per hour Total standard variable cost per unit $142.00 The company also established the following cost formulas for...
Required information [The following information applies to the questions displayed below) Preble Company manufactures one product....
Required information [The following information applies to the questions displayed below) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $16 per hour Variable overhead: 4 hours at $7 per hour Total standard variable cost per unit $ 50.00 64.00 28.00 $142.00 The company also established the following cost...
The Rhythm Shop is a large retailer of acoustic, electric, and
bass guitars. An income statement for the company’s acoustic guitar
department for a recent quarter is presented below:
THE RHYTHM SHOP
Income Statement—Acoustic Guitar Department
For the Quarter Ended March 31
Sales
$
2,880,000
Cost of goods sold
1,280,000
Gross margin
1,600,000
Selling and administrative expenses:
Selling expenses
$
520,000
Administrative expenses
320,000
840,000
Operating income
$
760,000
The guitars sell, on average, for $900 each. The department’s
variable...
Multi Part Question. Show all your work
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $1,600,000 800,000 800,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses $ 400,000 200,000 600,000 Operating income $ 200,000 The guitars sell, on average,...
The Rhythm Shop is a large retailer of acoustic, electric, and bass guitars. An income statement for the company's acoustic guitar department for a recent quarter is presented below: THE RHYTHM SHOP Income Statement-Acoustic Guitar Department For the Quarter Ended March 31 Sales Cost of goods sold $3,330,000 1,665,000 1,665,000 Gross margin Selling and administrative expenses : Selling expenses Administrative expenses $ 570,000 370,000 940,000 Operating income $ 725,000 The guitars sell, on average, for $900 each. The department's variable...
exercise 3-4
Refer to the data in Exercise 1-2 for the Halifax General HOLL Required: 1. Using the high low method estimate the fixed cost of admitting patients per month and the vari- able cost of admissions per patient. 2 What factors other than the number of patients admitted are likely to affect changes in admitting department costs from month to month? CHECK FIGURE Variable costs patient: Fixed cc $19.000 EXERCISE - Contribution Format Income Statement (L03) The Rhythm Shop...
Show full solutions to these please and thank you!
Required information (The following information applies to the questions displayed below.) Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Units Shipped 4 Month January February March April May June July 5 2 3 6 8 Total Shipping Expense $ 2,200 $ 3,100 $ 2,600 $ 1,500 $ 2,200 $3,000 $ 3,600 8. If the...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built alr-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped Month January February March April May Total Shipping Expense $ 2,400 $ 2,900 $ 2,300 $ 2.600 $ 2,900 $ 3.900 $ 1,800 June als Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
Required information The following Information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: $50.00 64.00 Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $16 per hour Variable overhead: 4 hours at $7 per hour Total standard variable cost per unit $142.00 The company also established the following cost formulas for...
Required information [The following information applies to the questions displayed below) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $16 per hour Variable overhead: 4 hours at $7 per hour Total standard variable cost per unit $ 50.00 64.00 28.00 $142.00 The company also established the following cost...
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