Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variableand fixed costs.Month12Saw!3456789101112Units Sold315,000160,000260,000200,000Total cost285,000185,000365,000265,00077,000145,00089,00095,000Total Cost:$152,500.96,250200,60095,000196,500107,000314,800146,75070,000125,62589,00086,6502. Predict future total costs when sales volume is (a) 370,000 units and (b) 410,000 units.370,000 units 410,000 units

The costs incurred for production are classified as fixed and variable costs. The fixed costs and…

Answered: Alden Company's monthly data for the…

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 Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $318,060 2,015 units February 357,640 3,850 March 494,760 5,115 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2
Farrow Company reports the following annual results. Contribution Margin Income Statement Per Unit Annual Total Sales (240,000 units) $ 15.00 $ 3,600,000 Variable costs Direct materials 2.00 480,000 Direct labor 4.00 960,000 Overhead 2.50 600,000 Contribution margin 6.50 1,560,000 Fixed costs Fixed overhead 2.00 480,000 Fixed general and administrative 1.50 360,000 Income $ 3.00 $ 720,000 The company receives a special offer for 24,000 units at $12 per unit. The additional sales would not affect its normal sales. Variable costs per unit would be the same for the special offer as they are for the normal units. The special offer would require incremental fixed overhead of $96,000 and incremental fixed general and administrative costs of $103,000. (a) Compute the income or loss for the special offer.(b) Should the company accept or reject the special offer? Compute the income or loss for the special offer. (Round your "Per Unit" answers to 2…
Green and White Company reported the following monthly data: 3,600 units $ 27 per unit $ 2 per unit $ 3 per unit $ 3.50 per unit $ 14,400 in total $0.50 per unit Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses What is Green and White's contribution margin for this month if 1,140 units were sold? Multiple Choice O $64,800 O $20,520 $30,780 $97,200 $3,600 in total $25,080
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $113,700 281,300 May 80,700 165,900 June 105,000 243,500 Using the high-low method, the variable cost per unit and the total fixed costs are a.$2.90 per unit and $3,212 b.$0.29 per unit and $32,123 c.$0.52 per unit and $16,062 d.$5.22 per unit and $3,212
The following information relates to XYZ manufacturing for the first quarter of 2021: Fixed Cost MVR 50,000 Total Cost MVR 80,000 Total Revenues MVR 120,000 Number of units produced and sold during the period is 10000 units. Calculate: a) Break-even point in units b) Margin of safety in units and value
Vishnu
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $120,600 280,200 May 91,100 166,500 June 104,000 237,900 Using the high-low method, the variable cost per unit and the total fixed costs are
A company reports the following information: Month Units Sold Total Cost $ 5,500 $ 7,000 $ 8,100 $ 3,420 January February 950 1,850 March 2,500 April 650 Using the high-low method, the estimated variable cost per unit is: Multiple Cholce $3.24. O $5.26. $2.53, $4.04.
The manufacturing costs of Bartee-Allen Enterprises for the second three months of the yearfollow: Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
The following data relate to the Torrence Company for May and August: May August Maintenance hours 20,000 45, 000 Maintenance cost $ 1,322, 000 $ 1,417,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 23, 000 hours in October, which of the following statements is true? (a) Total maintenance cost will be $ 1,322,000, (b) $1,329,000, (c) $1,379, 000, (d) 1,394, 000, (e)$1,417,000
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) Аpril $116,100 281,600 May 90,500 164,900 June 108,300 242,000 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. $2.20 per unit and $5,415 Ob. $0.40 per unit and $27,074 Oc. $3.96 per unit and $5,415 Od. $0.22 per unit and $54,148
Intercontinental, inc., provides you with the following data for its single product Sales price per unit $ 50.00 Fixed costs (per month) Selling, general, and administrative (SG&A) 1,350,000 Manufacturing overhead 2,700,000 Variable costs (per unit) Direct labor 7.00 Direct materials 12.00 Manufacturing overhead 10.00 SG&A…

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