Hello, kindly see attached file.. I'm seriously having issues with this subject (cost accounting).. please help me. 4G4G08:44 NE393 - Activity.Cos.ActivitiesActivity 1Ang-bang Co., doing business in the province of La Union, reports the following total costs at two levelsof production:Cost ItemDirect laborIndirect labor2,000 unitsP 12,0004,00020,0007,00024,0008,00016,0005,000 unitsP 30,00015,00020,00016,00024,00019,00040,000ClassificationProperty taxesMaintenanceDepreciationUtilitiesDirect materialsREQUIRED: Classify each cost as variable, fixed, or mixed.Activity 2Jimmy P. is a highly successful farmer who has formed his own company to produce and package bananachips. The recently hired controller for the firm is about to apply the high- low method in estimating thecompany's energy cost behavior. The following costs were incurred during the past 12 months:Kilos of Banana Chips Produced105.00063,00066,00072,000Energy CostsP70,20066,30066,00067,350MonthJanuaryFebruaryMarchApril90,00096,0002,00090,00090,00084,000123,000117,000MayJuneJulyAugustSeptemberOctoberNovember68,70070,05012,50068.40069,00068,10072,30074,850DecemberREQUIRED:1. Use the high-low method to estimate the company's energy cost behavior and express it in equationform.2. Predict the energy cost for a month in which 78,000 kilos of banana chips are produced.Activity 3Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers oncompact cars. The following table shows the costs incurred during a month when 700 mufflers werereplaced.Muffler replacementsTotal costs:600700800Fixed costsVariable costsTotal costsP56,00028,000P84.000aCost per muffler replacement:Fixed costVariable costTotal cost per muffler replacementhkmRequired:a. Fill in the missing amounts, labeled (a) through ( o), in the table.b. Compute income, assuming that the service fee per muffler replacement is P120, and that the companymade 730 muffler replacements during the period.1 | PageII 4G4G08:45 NE394 - Activity.Sca..ActivitiesActivity 1The statistician of RST, Inc. has developed the following cost-prediction equation, using observationsfrom 12,000 to 30,000 machine hours.y = total maintenance cost, x = machine hoursPrediction 1Prediction 2y = P236,837.5 + P3.7625x. = .81y = P195,192.5 + P2.4195x, r 65Required:a. Find the predicted maintenance cost25,000 machine hours.Activity 2List the advantages and disadvantages of each of the method of separating mixed costs.AdvantageDisadvantage1. High-lowMethod2. Scatter Graphmethod3. Least SquaresRegressionMethodActivity 3MonthProduction VolumeMaintenance CostsAprilMayJune150230380P500620800JulyAugustSeptember1204802371011270REQUIRED: Using the least squares and the information provided above,1. identify the linear cost function equation (Use 5 decimal places for variable cost per unit and fixed cost)2. estimate the total cost at production volume of 300 units.1 | PageII

Fixed costs: These are costs which are incurred irrespective of the production or sale activities.…

Activity 1 Ang-bang Co., doing business in the province of La Union, reports the following total costs at two levels of production: Cost Item Direct labor Indirect labor 2,000 units P 12,000 4,000 20,000 7,000 24,000 8,000 16,000 5.000 units P 30,000 15,000 20,000 16,000 24,000 19,000 40,000 Classification Property taxes Maintenance Depreciation Utilities Direct materials REQUIRED: Classify each cost as variable, fixed, or mixed.

Activity 1 Ang-bang Co., doing business in the province of La Union, reports the following total costs at two levels of production: Cost Item Direct labor Indirect labor 2,000 units P 12,000 4,000 20,000 7,000 24,000 8,000 16,000 5.000 units P 30,000 15,000 20,000 16,000 24,000 19,000 40,000 Classification Property taxes Maintenance Depreciation Utilities Direct materials REQUIRED: Classify each cost as variable, fixed, or mixed.

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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