A trucking company charges different rates for hauling goods based on the distance traveled. Let C(x) represent the cost to transport goods x miles. The company charges as follows: Cost per mile Distance in miles $5.75 0
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- Consider the Redwing Automotive total cost information summarized in the following table. Please need answer the general accounting questionProblem 8-06 Waterway Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,900 $18 2/4 Purchase 3,900 26 2/20 Sale 4,400 44 4/2 Purchase 4,900 34 11/4 Sale 4,100 48 Your answer is correct. Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit 27.3675 SHOW SOLUTION LINK TO ΤΕXΤIdentify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain your reasons Reason $ M Units Sold a. Total phone cost b. Materials cost per unit C. Manager's salary d. Depreciation cost per unit e. Total utility cost f. Total cost of goods sold 25 150 $ 35 3,000 60 400 3,125 50 200 $ 35 3,000 75 100V, F, or M 250 $ 300 35 35 3,000 3,000 2015 900 1,150 9,375 12,500 F 30 650 6,250 reasons 1. Does not change in total over wide ranges of volume/inversely proportional to the number of units produced while total cost remains constant. 2- It is directly proportional to the number of units produced. The total cost changes as volume changes and in direct proportion. 3-The total cost changes as volume changes, but not in direct proportion.
- Assume that mark up is based on cost... Please answer the accounting questionHan Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is: Direct materials $ 5.10 Direct labor 7.00 Variable manufacturing overhead 2.40 Fixed manufacturing 18.00 overhead 32.50 Total cost per part An outside supplier has offered to sell 30,000 units of part S-6 each year to Han Products for $46.50 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $767,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier.Find the dollar markup and percent markup ? General accounting
- What is the unit contribution margin on these accounting question?Use the information given below. Sales $ 4,07,200 Variable cost of goods sold 1,87,300 Variable selling and administrative expenses 44,800 Fixed manufacturing costs Fixed selling and administrative expenses 69,200 24,400 How much is gross profit under absorption costing?Crane Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,460 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $1,022,000 454,060 81,760 67,160 419, 20 153,300 52,560 33,580 $179,580 a. Calculate the contribution margin ratio. b. Calculate the break-even point in sales dollars and number of units.
- I just need part (b)! thank you! Correct answer pleaseFreight costs are also known as freight charges or freight rates. It is the amount paid to a carrier company for the transportation of goods from the point of origin to an agreed location. It is the most important component of a transportation company's revenue.Considering the above principle, Syarikat Pengangkutan Lori Tumpang Pantai Timur Transport Sdn. Bhd. in Tumpat, Kelantan is to deliver 30mt of goods to Syarikat Mah Sing Plastics Industries Sdn. Bhd in Port Klang, Selangor with a total distance of 491.3 km per way and toll charges RM24.70/way on a deadheading basis.The breakdown of the direct and variable costs for the calculation of freight charges for the above truck's journey are as below: Destination: Tumpat to Port Klang Item Basis Monthly maintenance Monthly 9,580Salary…Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEE