A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixedcosts, are a function of the number of units of activity:Activity level in unitsVariable costsFixed costsMixed costsTotal costsDuring July, the activity level was 9,000 units, and the total costs incurred were $69,000.Required:a. Calculate the variable costs, fixed costs, and mixed costs incurred during July.b. Use the high-low method to calculate the cost formula for mixed cost.Complete this question by entering your answers in the tabs below.Required A Required B4,500$ 8,10030,00020,800$ 58,900Calculate the variable costs, fixed costs, and mixed costs incurred during July.Variable costFixed costMixed costJuly< Required ARequired B>

VARIABLE COST Variable Cost is a cost that varies with the level of output.Variable costs include…

Answered: A department of Delta Company incurred…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production $86,462 91,068 98,353 April May June 2,460 Units 3,440 4,990 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit b. Using the high-low method, determine the total fixed costs.
The output and production cost of a computer manufacturer for the last four months are as follows: Month Units 8,000 9,600 9,500 9,300 9,300 Мay June 7,900 July August 7,700 7,600 Required: Using the High-Low method, calculate the following: - (а) Variable cost per unit (b) Total fixed cost per unit (c) Total cost that would be incurred in a month for an output of 8,500.
The manufacturing cost of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $115,300 264,900 May 85,000 168,100 June 95,300 245,200 Using the high-low method, the variable cost per unit and the total fixed costs are I
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,817 3,734 February 3,201 4,268 March 3,841 6,402 April 4,801 8,429 May 3,414 5,335 June 4,930 8,536 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs $
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: Direct Departmentcosts S1 S1 S2 P1 P2 60,000 100,000 0.20 160,000 140,000 S2 P1 P2 0.700.10 0.2O 0.300.50 Under the step-method of cost allocation, the amount of costs allocated from S2 to P2 would be: Select one: a. $53,250. b. $62,500. c. $50,000 d. $88,750. SSSS
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $98,908 1,180 Units May 101,540 1,650 June 105,740 2,400 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$ per unit b. Using the high-low method, determine the total fixed costs.$
The controller at Wesson Company's manufacturing plant has provided you with the following information for the first quarter's operations: Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold during the quarter Variable marketing and administrative costs Required: a. Determine the variable cost per unit. b. Determine the variable manufacturing cost per unit. c. Determine the full absorption cost per unit. d. Determine the full cost per unit. e. Determine the profit margin per unit. f. Determine the gross margin per unit. g. Determine the contribution margin per unit. Note: Round your answer to 2 decimal places. a. Variable cost per unit b. Variable manufacturing cost per unit c. Full absorption cost per unit d. Full cost per unit e. Profit margin per unit f. Gross margin per unit g. Contribution margin per unit $ 116 per unit $ 2,540,000 $ 525 per unit $57 per unit…
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The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $52,866 1,860 Units May 55,160 2,600 Units June 58,818 3,780 Units (a) Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit (b) Using the high-low method, determine total fixed costs.
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Godiva company has two products, A and B. The company uses activity-based costing to allocate overhead costs of $100,000. Data relating to the company's activity pools for the current year are given below: Cost Pool Total cost in Total Number of Activity Measures Used Cost Pool Product A Product B Total Activity 1 $42,000 100 200 300 Activity 2 $10,000 20 5 25 Activity 3 $48,000 3,000 3,000 6,000 Compute the activity rate (allocation rate) for Activity 2: $500 $2,000 $400 $140
The Cost Officer of a company that manufactures a product came up with the following information: Direct materials: 30% of Sales Direct wages (Variable): 20% of Sales Production overhead (Fixed): Same as direct wages Production overhead (Variable): 25% of direct wages Administration overhead (Fixed): 10 % of Sales Selling overheads (Note 1): Same as Production overhead (Variable) Note 1: The behaviour of selling overhead in relation to changes in sales volume (units) is as follows: Normal activity: M65 000 90% of normal activity: M63 050 110% of normal activity: M66 950. The company uses an absorption costing system to value inventory. The predetermined absorption rates are based on normal level of activity. During November and December, 2021 of the financial year, the production and sales expressed as percentages of normal activity, were as follows: November December Sales 80% 100% Production 100% 80% The actual selling price and variable costs per unit were as budgeted. It is the…

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