8.4 Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in Table P8.4 Q. At each level of output, compute the following: a. Total manufacturing costs. b. Manufacturing costs per unit. c. Total variable costs. d. Total variable costs per unit. e. Total costs that have to be recovered if the firm is to make a profit. Table P8.4 Units Produced 1,000 2,000 Direct labor $30,000 $60,000 Direct materials 20,000 40,000 Overhead: Variable portion 12,000 24,000 Fixed portion 36,000 36,000 Selling and administrative costs: Variable portion 5,000 10,000 Fixed portion 22,000 22,000

8.4 Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in Table P8.4 Q. At each level of output, compute the following: a. Total manufacturing costs. b. Manufacturing costs per unit. c. Total variable costs. d. Total variable costs per unit. e. Total costs that have to be recovered if the firm is to make a profit. Table P8.4 Units Produced 1,000 2,000 Direct labor $30,000 $60,000 Direct materials 20,000 40,000 Overhead: Variable portion 12,000 24,000 Fixed portion 36,000 36,000 Selling and administrative costs: Variable portion 5,000 10,000 Fixed portion 22,000 22,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
arrow_forward Oh no! Our expert couldn't answer your question. Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience. Here's what the expert had to say: Hi and thanks for your question! Unfortunately we cannot answer this particular question due to its complexity. We've credited a question back to your account. Apologies for the inconvenience. Ask Your Question Again 5 of 10 questions left until 5/23/21 Question The management accountant at Miller Merchandising & More, Odail Russell is in the process ofpreparing the cash budget for the business for the fourth quarter of 2021. It is customary for thebusiness to borrow money during this quarter. Extracts from the sales and purchases budgets areas follows:Month cash sales sales on account purchasesAugust $85,000 $640,000 $420,000September $70,000 $550,000…
Urgent pls answer the question attached below.This is how you answer the problem:-Identify the given -What is being ask in the problem-Provide the formula(pls include this because this is my basis on what topic the problem all about)-Solution(plug in the given to the formula and show me the flow of the computation)That's all. Thanks in advance :)
During the research process, if you are unsure whether or not you've found all the relevant literature, what should you do? A. Google it to see if there is anything else you've missed. B. Call your manager to verify that you've found it all. C. Use the search engine included in the Codification. D. Complain that it's too much work and call it a day.
I need help on solving gold section if the problem?
I need your help tutor! This is how you answer the problem (a) Identify the Given and the Unknown or what is being asked in the problem (b)Provide the formula to be used (c)Plug in the given in the formula if there is a derivation of the formula please show it (d)Box the final answer. however, the final answer is already included in the problem, what you need to do is to match your answer and the answer in the book. Because in the book they only provide the answer but not the solution. Problem:
Hello tutor. I hope you doung fine. Can you please include a step by step process with formula. Thank you
please answer without copy paste and with all work like explanation , computation, formula with steps need correct and complete answer for better understanding please answer in text no AI no handwritten no image need accurate answer need answer in text no copy from other answer help part b with working
Hello i have attached two pictures. They are both used together to answer the question. The first picture is the information to use too answer the question. The second attachment is the for the answer. I hope it is understandable and whoever answer this can please explain how they got the answers. I need the help. I have marked a yellow x on what i have done already. I DO NOT NEED HELP WITH WHAT IS CROSSED IN YELLOW (PARTS 1-3) I NEED PARTS 4-6. THIS IS IS IS THE ANSWER TO PARTS 1-3 Analysis and Calculation: 1) Gold Medal Athletic Co., Sales Budget: For the month ended March: Product Sales Volume Sale Price per unit Sales, $ Batting helmet 1,200 units $40 $ 48,000 Football helmet 6,500 units $160 $1,040,000 Total revenue from sales $ 1,088,000 2) Production Budget: Batting Football Helmet Helmet Expected units to be sold 1,200 6,500 Add: desired Ending inventory 50 220 Total 1,250 6,720 Less: Beginning estimated inventory 40 240 Total…
FreeTaxUSA is an integrated software package used to complete tax returns for individuals and businesses. This week, you will use FreeTaxUSA to complete your critical thinking assignment. Thus, this is a great time to learn more about the software. Visit the site - www.freetaxusa.comLinks to an external site. and create a free account using your CSU Global email address. Review the site and share one item that you found interesting and may assist you in completing a tax return.
Q1: Write an e-mail to technical support team of your college to retrieve your login credentials. In order to make your e- mail effective mention all the important details and reasons to prioritize your response
Urgent pls answer the question attached below.This is how you answer the problem:-Identify the given -What is being ask in the problem-Provide the formula(pls include this because this is my basis on what topic the problem all about)-Solution(plug in the given to the formula and show me the flow of the computation)That's all. Thanks in advance :)