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The estimated total manufacturing overhead is closest to: Multiple Choice $190,000 $285.000 $475,000 $285,004 O @ O O
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Related Questions
What should the "Direct Labor" be?
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10
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2Given the following data, calculate the total product cost per unit under variable costing.
Direct labor
S3.50 per unit
Direct materials
S1.25 per unit
Overhead
Total variable overhead
$41,400
Total fixed overhead
$150,000
Expected units to be produced
18,000 units
a.$4.75 per unit
b.S7.05 per unit
C.$15.38 per unit
d.$13.08 per unit
e.$16 per unit
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Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4,
LO7-5]
Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income
statement for the most recent period is shown:
Hi-Tek Manufacturing Inc.
Income Statement
$ 1,657,500
1,224,620
432,880
620,000
Sales
Cost of goods sold
Gross margin
Selling and administrative expenses
Net operating loss
$4
(187,120)
Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The
company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor
dollars as the allocation base. Additional information relating to the company's two product lines is shown below:
в300
T500
Total
Direct materials
$ 400,600
$ 120,400
$ 162,700
$ 42,000
563,300
162,400
498,920
Direct labor
Manufacturing overhead
Cost of goods sold
$…
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Do fast answer of this accounting questions
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A corporation's cost data is:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Sales commissions
Variable administrative expense
Fixed selling and administrative expense
What is the amount of product costs, if 4,000 units are produced?
Multiple Choice
O
O
O
O
$57,200
$8,800
$44,400
$53,200
Cost per Cost per
Unit Period
$ 6.00
$ 3.35
$ 1.75
$
1.00
$ 0.40
$ 8,800
$ 4,000
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5
Vista Company reports the following information.
Direct materials
Direct labor
Variable overhead
Fixed overhead
Units produced
Compute its product cost per unit under absorption costing.
Multiple Choice
$76.00.
$152.00.
$171.00.
$ 44 per unit
64 per unit
$ 44 per unit
$ 380,000 per year
20,000 units
< Pr
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Urmila ben
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narubhai
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Ans
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Provide correct solution for this question
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Identify the semi-variable costs: 10,000 units 18,000 units Materials $15,000 $27,000Labour $13,000 $19,400Rent $11,500 $11,500Selling overheads $30,000 $46,000
Question 2 options:
1)
materials and labour
2)
labour and rent
3)
rent and selling overheads
4)
labour and selling overheads
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Hi experts please provide solution this general accounting question
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Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Total manufacturing overhead
Variable selling expense
Fixed selling expense
Total selling expense
Variable administrative expense
Fixed administrative expense
Total administrative expense
What is the total conversion cost?
Multiple Choice
O
O
O
$106,000
$74,000
$97,000
$49,000
$ 12,000
25,000
$ 15,000
20,000
$ 8,000
12,000
$70,000
$ 37,000
$ 37,000
$ 35,000
$ 20,000
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ing information:
Cost per
Cost per
Unit
Period
Direct materials
$ 4.80
$ 3.80
$ 1.50
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
$ 10,800
Sales commissions
$ 1.80
$ 0.60
Variable administrative expense
Fixed selling and administrative expense
$ 6,800
If 4,000 units are sold, the total variable cost is closest to:
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cost account solution want asap
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Need help with this question
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need help this questions
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Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
$8.70
$5.70
$3.20
$6.70
$5.20
$4.20
$2.70
$2.20
Required:
1. What is the incremental manufacturing cost incurred if the company increases production from 28,000 to 28,001 units?
2. What is the incremental cost incurred if the company increases production and sales from 28,000 to 28,001 units?
3. Assume that Kubin Company produced 28,000 units and expects to sell 27,630 of them. If a new customer unexpectedly emerges
and expresses interest in buying the 370 extra units that have been produced by the company and that would otherwise remain
unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer?
4. Assume that Kubin Company produced 28,000 units and expects to sell 27,630 of them. If a new customer unexpectedly emerges
and expresses interest in buying…
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The East Company manufactures several different products. Unit costs associated with Product
ORD203 are as follows:
Direct materials
$50
8.
Direct manufacturing labor
Variable manufacturing overhead
10
Fixed manufacturing overhead
23
15
Sales commissions (2% of sales)
Administrative salaries
9
Total
$105
What are the variable costs per unit associated with Product ORD203?
Select one:
a. $82
b. $60
C. $73
d. $105
22°C
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7
Skipped
Pedregon Corporation has provided the following information:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Sales commissions
Variable administrative expense
Fixed selling and administrative expense
If 6,500 units are sold, the total variable cost is closest to:
Multiple Choice
$93,600
$112,450
$83,525
$75,400
Cost per
Unit
$ 6.60
$ 3.60
$ 1.40
$ 0.60
$ 0.65
Cost
Per
$23
$ 3
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Need help with this question
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-S
average costs per unit are as follows:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Average Cost
per Unit
$7.10
$4.10
$ 1.60
$ 5.10
$ 3.60
$ 2.60
1. Total amount of product cost
2. Total amount of period cost incurred
3. Total amount of product cost
4. Total amount of period cost
$ 1.10
$ 0.60
Exercise 1-8 (Algo) Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1--
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units?
(For all…
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Provide answer the question
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MCQ
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Urban Company reports the following information regarding its production cost:
Units produced
Direct labor
30,000 units
$ 23 per unit
Direct materials
Variable overhead
Fixed overhead
$ 28 per unit
$ 11 per unit
$ 120,000 in total
Compute product cost per unit under variable costing.
Multiple Choice
О $51.00
О
$55.00
○ $62.00
O
О
$28.00
$23.00
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Urban Company reports the following information regarding its production cost:
Units produced
Direct labor
Direct materials
Variable overhead
Fixed overhead
Compute product cost per unit under variable costing.
Multiple Choice
O
$24.00
$47.46
$54.00
26,000 units
$ 19 per unit
$ 24 per unit
$ 11 per unit
$ 116,000 in total
$19.00
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Required information
[The following information applies to the questions displayed below.]
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Martinez Company's relevant range of production is 7,500 units to
12,500 units. When it produces and sells 10,000 units, its average
costs per unit are as follows:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Total fixed manufacturing cost
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4
10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost
incurred to support this level of production?
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Average Cost
per Unit
$ 7.00
$ 4.50
$ 1.40
$ 4.00
$ 4.00
$ 2.10
$ 1.10
$ 0.55
You
8
Init 1 - C...
9
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Related Questions
- What should the "Direct Labor" be?arrow_forward10arrow_forward2Given the following data, calculate the total product cost per unit under variable costing. Direct labor S3.50 per unit Direct materials S1.25 per unit Overhead Total variable overhead $41,400 Total fixed overhead $150,000 Expected units to be produced 18,000 units a.$4.75 per unit b.S7.05 per unit C.$15.38 per unit d.$13.08 per unit e.$16 per unitarrow_forward
- Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement $ 1,657,500 1,224,620 432,880 620,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss $4 (187,120) Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: в300 T500 Total Direct materials $ 400,600 $ 120,400 $ 162,700 $ 42,000 563,300 162,400 498,920 Direct labor Manufacturing overhead Cost of goods sold $…arrow_forwardDo fast answer of this accounting questionsarrow_forwardA corporation's cost data is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense What is the amount of product costs, if 4,000 units are produced? Multiple Choice O O O O $57,200 $8,800 $44,400 $53,200 Cost per Cost per Unit Period $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 $ 8,800 $ 4,000arrow_forward
- 5 Vista Company reports the following information. Direct materials Direct labor Variable overhead Fixed overhead Units produced Compute its product cost per unit under absorption costing. Multiple Choice $76.00. $152.00. $171.00. $ 44 per unit 64 per unit $ 44 per unit $ 380,000 per year 20,000 units < Prarrow_forwardUrmila benarrow_forwardnarubhaiarrow_forward
- Ansarrow_forwardProvide correct solution for this questionarrow_forwardIdentify the semi-variable costs: 10,000 units 18,000 units Materials $15,000 $27,000Labour $13,000 $19,400Rent $11,500 $11,500Selling overheads $30,000 $46,000 Question 2 options: 1) materials and labour 2) labour and rent 3) rent and selling overheads 4) labour and selling overheadsarrow_forward
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- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College
Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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