Please do not give solution in image format thanku 12PrintReferencesVariable Costs per UnitDirect materialsDirect laborOverheadSelling$ 744429191. Variable cost per unit2 Markup percentage3.Selling priceRios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow. Thecompany targets a profit of $304,000 on this product.MEDEFixed Costs (in total)OverheadSellingAdministrative.%$674,000309,000289,000www#dave & CIE1. Compute the variable cost per unit.2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.)3. Compute the product's selling price using the variable cost method. (Round your intermediate percentage calculations and finalanswer to 2 decimal places.)ESubmitCheck my work

Variable costs are those costs which changes along with change in activity level. Fixed costs do not…

12 ebook Beforences Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow company targets a profit of $304,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $ 74 44 29 19 1. Variable cost per unit 2. Markup percentage 3. Selling price Fixed Costs (in total) Overhead Selling Administrative Check m $674,000 309,000 289,000 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places) 3. Compute the product's selling price using the variable cost method. (Round your intermediate percentage calculations and fina answer to 2 decimal places.) %

12 ebook Beforences Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow company targets a profit of $304,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $ 74 44 29 19 1. Variable cost per unit 2. Markup percentage 3. Selling price Fixed Costs (in total) Overhead Selling Administrative Check m $674,000 309,000 289,000 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places) 3. Compute the product's selling price using the variable cost method. (Round your intermediate percentage calculations and fina answer to 2 decimal places.) %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity: Overhead: Selling and administrative expenses: Required: 1. Classify each cost element as either variable, fixed, or semi-variable. (Hint: Recall that variable expenses must go up in direct proportion to changes in the volume of activity.) 2. Calculate the break-even point in units and dollars. (Hint: First use the high-low method illustrated in Chapter 4 to separate costs into their fixed and variable components.) 3. Prepare a break-even chart. 4. Prepare a contribution income statement, similar in format to the statement appearing on page 540, assuming sales of 5,000 units. 5. Recompute the break-even point in units, assuming that variable costs increase by 20% and fixed costs are reduced by 50,000.
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
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Cost Relationships The following costs are for Optical View Inc., a contact lens manufacturer:Output in Units Fixed Costs Variable Costs Total Costs250 $4,750 $ 7,500 $12,250 300 4,750 9,000 13,750350 4,750 10,500 15,250400 4,750 12,000 16,750Required1. Calculate and graph total costs, total variable cost, and total fixed cost.2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost.3. Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unitfixed cost, and discuss the behavior of the per-unit costs over the given output levels.
2 kipped Tirri 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 Multiple Choice O $13.35 Help If the selling price is $28.20 per unit, the contribution margin per unit sold is closest to: $8.15 $16.70 $10.05 Save & Exit Submit Cost per Uni $ 7.55 $ 3.95 $ 1.60 $ 1.10 $ 0.65
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ezto.mheducation.com apter 14) G Saved Help Save & E: Chec Duo Company manufactures two products, Uno and Dos. Contribution margin data follow. Dos $38.00 Uno Unit sales Less variable cost: $14.00 Direct material $ 5.00 $ 5.00 Direct labor Variable overhead 1.00 5.00 1.10 7.50 Variable selling and administrative cost Total variable cost .90 .50 $ 8.00 $ 6.00 $18.00 Unit contribution margin $20.00 Duo company's production process uses highly skilled labor, which is in short supply. The same employees work on both products and earn the same wage rate. Required: 1. Calculate the.contribution margin per scarce resource for each of the products assuming an arbitrary time period for which direct laborers earn $1.00 per unit. 2. Which of Duo Company's products is most profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 < Prev 6 of 6 Next
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The following variable production costs apply to goods made by Baird Manufacturing Corporation: Item Materials Labor Variable overhead Total Units Produced Cost per Unit $15.00 Total variable cost Required Determine the total variable production cost, assuming that Baird makes 11,000, 21,000, or 31,000 units. 5.50 0.75 $21.25 11,000 Check my work 21,000 31,000
JSON-5313 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information relating to the three products: Product Y8 X5 Z9 Selling price $ 72.00 $ 54.00 $ 62.00 Variable expenses: Direct materials 21.60 18.00 9.00 21.60 22.50 34.40 43.20 43.40 Other variable expenses Total variable expenses Contribution margin Contribution margin ratio 40.50 $13.50 $28.80 $18.60 40% 25% 30% JSON-5313 has enough demand to sell 700 units of each product per month. Each product requires the same direct materials in its production. The direct materials cost $3 per pound. The company will at most have 4,800 pounds of the direct materials available every month. What is the maximum contribution margin that JSON-5313 can earn per month using its 4,800 pounds of direct materials optimally? O $ 10,800 O $ 13,020 O $ 23,820 O $ 26,320
Product Cost Concept of Product Costing Smart Stream Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,490 cellular phones are as follows: Variable costs: Fixed costs: Direct materials $90 Factory overhead $199,900 Direct labor 32 Selling and administrative expenses 70,200 Factory overhead 24 Selling and administrative expenses 19 Total $165 Smart Stream wants a profit equal to a 13% rate of return on invested assets of $599,500. a. Determine the amount of desired profit from the production and sale of 5,490 cellular phones. b. Determine the product cost and the cost amount per unit for the production of 5,490 cellular phones. If required, round your answer to nearest dollar. c. Determine the product cost markup percentage for cellular phones. Rounded to two decimal places. d. Determine the selling price of cellular phones. Round to…