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2. The manufacturer of the water toy "Silly Soaker" quotes a variable cost of $5.25 per...
3. Another business, LEEGO, makes personalized car seat covers. The Chief Financial Officer (CFO) quotes a...
3. Another business, LEEGO, makes personalized car seat covers. The Chief Financial Officer (CFO) quotes a variable cost of $4.35 per cover and fixed costs of $7,000. a. Create a function to represent the average cost per cover to manufacture the personalized car seat covers. b. Graph the complete average cost function below, including all branches. After you graph the complete function, explain what portion of your graph we should consider for this context. c. Use the function to algebraically...
variable cost per unit produced and sold
Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Amount per UnitDirect materials$7.00Direct labor$4.00Variable manufacturing overhead$1.50Fixed manufacturing overhead$5.00Fixed selling expense$3.50Fixed administrative expense$2.50Sales commissions$1.00Variable administrative expense$0.50 Required:1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?3. If 18,000 units are produced...
You are the accountant for Go-Go-Grow Ltd, a children's electric toy car manufacturer that is located...
You are the accountant for Go-Go-Grow Ltd, a children's electric toy car manufacturer that is located in Geelong and has customers in Australia and the USA. Their estimated curent sales volume is 5,000 units per month and based on this level of production, the company has budgeted the following costs and prices per unit Manufacturing Costs per unit (Based on production of 5,000 units per month) Direct Material Cost Direct Labour Cost Variable Factory Overhead Fixed Factory Overhead Total Manufacturing...
Average Cost per Unit Direct materials $ 6.80 Direct labor $ 3.50 Variable manufacturing overhead $...
Average Cost per Unit Direct materials $ 6.80 Direct labor $ 3.50 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 0.75 Fixed administrative expense $ 0.60 Sales commissions $ 0.50 Variable administrative expense $ 0.50 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units? c. If...
A manufacturer has fixed costs of $10000, a variable cost of $10 per unit of output,...
A manufacturer has fixed costs of $10000, a variable cost of $10 per unit of output, and break even volume of 50000 units what should the manufacturers unit cost be in order to break even?
Question 2 (7 marks) You are the accountant for Go-Go-Grow Ltd, a children's electric toy car...
Question 2 (7 marks) You are the accountant for Go-Go-Grow Ltd, a children's electric toy car manufacturer that is located in Geelong and has customers in Australia and the USA. Their estimated current sales volume is 5,000 units per month and based on this level of production, the company has budgeted the following costs and prices per unit: Manufacturing Costs per unit (Based on production of 5,000 units per month) Direct Material Cost Direct Labour Cost Variable Factory Overhead Fixed...
T Company currently has an activity level of 4,000 units and its total variable cost is...
T Company currently has an activity level of 4,000 units and its total variable cost is $20,000 and its total fixed cost is $30,000. The firm is increasing its activity level of 5,000 units. 1. At this new level compute the total variable cost. 2.compute the total fixed cost. 3.compute the total cost. 4.compute the average variable cost per unit. 5.compute the average fixed cost per unit. 6.compute the average total cost per unit.
Yellco Inc., a toy manufacturer, provided the following information: Domestic unit sales price $50 Unit manufacturing...
Yellco Inc., a toy manufacturer, provided the following information: Domestic unit sales price $50 Unit manufacturing costs: Variable 10 Fixed 8 The company has received an offer from an exporter for 9,000 units of toys at $60 per unit. The additional business is not expected to affect the normal production or domestic sales prices of Yellco Inc. The company's differential cost from the acceptance of the offer is _____. a.$153,000 b.$90,000 c.$72,000 d.$378,000
#001. Yann Martel, Inc., a toy manufacturer, provided the following information: $50 Unit Domestic unit sales...
#001. Yann Martel, Inc., a toy manufacturer, provided the following information: $50 Unit Domestic unit sales price manufacturing costs: Variable Fixed 10 The company has received an offer from an exporter for 9,000 units of toys at $60 per unit. The additional business is not expected to affect the normal production or domestic sales prices of Yann Martel, Inc. The company's differential cost from the acceptance of the offer is a. $72,000 b. $378,000 c. $153,000 d. $90.000
Compute the total of variable cost per unit and total fixed cost. Variable Cost per unit Fixed Costs: Utility $12,400...
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
3. Another business, LEEGO, makes personalized car seat covers. The Chief Financial Officer (CFO) quotes a variable cost of $4.35 per cover and fixed costs of $7,000. a. Create a function to represent the average cost per cover to manufacture the personalized car seat covers. b. Graph the complete average cost function below, including all branches. After you graph the complete function, explain what portion of your graph we should consider for this context. c. Use the function to algebraically...
You are the accountant for Go-Go-Grow Ltd, a children's electric toy car manufacturer that is located in Geelong and has customers in Australia and the USA. Their estimated curent sales volume is 5,000 units per month and based on this level of production, the company has budgeted the following costs and prices per unit Manufacturing Costs per unit (Based on production of 5,000 units per month) Direct Material Cost Direct Labour Cost Variable Factory Overhead Fixed Factory Overhead Total Manufacturing...
Question 2 (7 marks) You are the accountant for Go-Go-Grow Ltd, a children's electric toy car manufacturer that is located in Geelong and has customers in Australia and the USA. Their estimated current sales volume is 5,000 units per month and based on this level of production, the company has budgeted the following costs and prices per unit: Manufacturing Costs per unit (Based on production of 5,000 units per month) Direct Material Cost Direct Labour Cost Variable Factory Overhead Fixed...
#001. Yann Martel, Inc., a toy manufacturer, provided the following information: $50 Unit Domestic unit sales price manufacturing costs: Variable Fixed 10 The company has received an offer from an exporter for 9,000 units of toys at $60 per unit. The additional business is not expected to affect the normal production or domestic sales prices of Yann Martel, Inc. The company's differential cost from the acceptance of the offer is a. $72,000 b. $378,000 c. $153,000 d. $90.000
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
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