A company recorded the following production costs during the previous two-week period:Direct labor costsOther manufacturing costsUnits producedWeek 1Week 217,00025,0006,000Assuming both weeks fall in the same relevant range, what was the total fixed cost during Week 1?19,75029,5007,500Answer:

Lets understand the basics. When semi variable cost is available then it is required to separate…

A company recorded the following production costs during the previous two-week period: Direct labor costs Other manufacturing costs Units produced Week 1 17,000 25,000 6,000 Week 2 19,750 29,500 7,500 Assuming both weeks fall in the same relevant range, what was the total fixed cost during Week 1? Answer:

A company recorded the following production costs during the previous two-week period: Direct labor costs Other manufacturing costs Units produced Week 1 17,000 25,000 6,000 Week 2 19,750 29,500 7,500 Assuming both weeks fall in the same relevant range, what was the total fixed cost during Week 1? Answer:

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

The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $120,600 280,200 May 91,100 166,500 June 104,000 237,900 Using the high-low method, the variable cost per unit and the total fixed costs are
What is the high low method?
The manufacturing costs of Bartee-Allen Enterprises for the second three months of the yearfollow: Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $111,400 276,800 May 84,900 168,600 June 102,200 230,700 Using the high-low method, the variable cost per unit and the total fixed costs are
The following are ABC co's production cost for the month of October: Direct Materials P100,000 Direct Labor 90,000 Factory Overhead 4,000 1. The total manufacturing cost? 2. The prime cost? 3. The conversion cost? 4. The cost than can traced to specific product in production process?
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units produced Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative 1,000 $50 $47 $2 $8 $31,000 $69,000 There was no beginning or ending inventories. What is the unit product cost under variable costing?
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) Аpril $116,100 281,600 May 90,500 164,900 June 108,300 242,000 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. $2.20 per unit and $5,415 Ob. $0.40 per unit and $27,074 Oc. $3.96 per unit and $5,415 Od. $0.22 per unit and $54,148
11. The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $116,900 281,000 May 85,100 160,800 June 103,700 244,200 Using the high-low method, the variable cost per unit and the total fixed costs are
All information included
Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to determine Smithson's fixed costs per month. Do not round intermediate computations. Cost Machine Hours January $88,390 9,700 February 156,150 18,500 March 110,360 12,500 April 126,390 14,600 a. $11,000 b. $13,700 c. $23,300 d. $43,800
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $112,700 275,900 May 91,900 163,500 June 108,700 247,900 Using the high-low method, the variable cost per unit and the total fixed costs are
The manufacturing costs of Barretto Enterprises for three months of the year follow: Total Costs Units Produced July $495,000 3,100 units August 551,000 6,600 September 535,000 4,800 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2