A firm manufactures a product that sells for $11per unit. Variable cost per unit is $6 and fixed cost per period is $1800. Capacity per period is 600 units. Perform a break-even analysis showing a detailed break-even chart. *Find the revenue function, TR. TR=....... (Type an expression using x as the variable. Do not include the $ symbol in your answer.) *Find the cost function, TC. TC=....... (Type an expression using x as the variable. Do not include the $ symbol in your answer.) *Compute the break-even point in units. The break-even point is......units. (Round up to the nearest whole number.) *Find the break-even point in sales dollars. The break-even point in sales dollars is $...... (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
units. Perform a break-even analysis showing a detailed break-even chart.
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