The company produces 24,000 units each month and 23,600 units are sold in a month. What is the unit product cost under variable costing? urses/423/quizzes/21056/takeWhite Company manufactures a single product and has the following structure:Selling priceP 420Variable costs per unit:Direct materialsP 72Direct labor96Variable manufacturing overhead24Variable selling & administrative expense48Fixed costs per month:Fixed manufacturing overheadP 2,400,000Fixed selling and administrative1,400,000The company produces 24,000 units each month and 23,600 units are sold in a month.What is the unit product cost under variable costing?O P 192O P 292OP 240O P 490.33MacBook Pro

Unit product cost under variable costing = Direct material + direct labor + variable manufacturing…

Answered: urses/423/quizzes/21056/take White…

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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a) Hyundai Company has a relevant range of production between 10,000 and 20,000 units. The following cost data represents average variable costs per unit for 15,000 units of production. Average Cost per unit Direct materials $12 Direct labor 10 Variable manufacturing overhead 5 Fixed manufacturing overhead 8 Required: If 15,000 units are produced, what is the variable cost per unit? If 12,000 units are produced, what is the variable cost per unit? Comment briefly on your answers to (a) and (b). If 19,000…
Dunford Company produces three products with the following costs and selling prices: Product Selling price per unit. $40 $30 $35 Variable costs per unit. 24 16 20 Contribution margin per unit. $16 $14 $15 Direct labor hours per unit. 4 2 3 Machine hours per unit. 5 7 4 If Dunford has a limit of 30,000 machine hours but no limit on units sold or direct labor hours, then the three products should be produced in which order?
At a sales volume of 20,000 units, total costs are 60,000. The company's variable cost per unit is 1.50. What should be the total fixed cost at a sales volume of 30,000 units, assuming that is within the relevant range.
If variable manufacturing costs are $8 per unit and total fixed manufacturing costs are $616,000, what is the manufacturing cost per unit if: a. 7,000 units are manufactured and the company uses the variable costing concept?$fill in the blank 1 b. 8,800 units are manufactured and the company uses the variable costing concept?$fill in the blank 2 c. 7,000 units are manufactured and the company uses the absorption costing concept?$fill in the blank 3 d. 8,800 units are manufactured and the company uses the absorption costing concept?$fill in the blank 4
Bluegill Company sells 15,500 units at $220 per unit. Fixed costs are $170,500, and operating income is $1,534,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio $ per unit %
If variable manufacturing costs are $18 per unit and total fixed manufacturing costs are $318,500, what is the manufacturing cost per unit if: a. 4,900 units are manufactured and the company uses the variable costing concept?$ b. 6,500 units are manufactured and the company uses the variable costing concept?$ c. 4,900 units are manufactured and the company uses the absorption costing concept?$ d. 6,500 units are manufactured and the company uses the absorption costing concept?$
Tequila Mockingbird, Inc. has total costs of $70,000 when it sells 10,000 units. If total fixed costs are $40,000, what is variable cost per unit?
Suppose that a company has fixed costs of $23 per unit and variable costs $9 per unit when 20,000 units are produced. What are the fixed costs per unit when 16,000 units are produced? Round your answer to the nearest cent. Fixed costs per unit $fill in the blank 1
Yanks Ltd uses the following cost function: Y = $7000 + $8.50X. If the number of units produced in a month is 200, what would be the total cost?
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production. Average Cost per Unit Direct materials $12 Direct labor 10 Indirect materials 2 Fixed manufacturing overhead 4 Variable manufacturing overhead 3 Fixed selling and administrative expenses 8 Variable sales commissions 25 Using this cost data from Rose Company, answer the following questions. Cost A. If 10,000 units are produced, what is the variable cost per unit? B. If 18,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 11,000 units are produced, what are the total variable costs? E. If 19,000 units are produced, what are the total manufacturing overhead costs…
Ferrante Company sells 24,000 units at $22 per unit. Variable costs are $12.54 per unit, and fixed costs are $88,500. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.

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