can you help me with this General accounting question Bright Manufacturing produces a single product with the following coststructure:Number of units produced each year: 8,000 Variable costs per unit:⚫ Direct materials: $52⚫ Direct labor: $18•Variable manufacturing overhead: $7Variable selling and administrative expense: $3Fixed costs per year:Fixed manufacturing overhead: $280,000Fixed selling and administrative expense: $160,000What is the absorption costing unit product cost?A. $77B. $112C. $80D. $115

Step 1: Define Absorption CostingAbsorption costing is a method of inventory costing in which all…

Answered: Bright Manufacturing produces a single…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11MC: Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable...

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Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are 12,960,000 per year. The total labor minutes available are 1,440,000. During the year, the cell was able to produce 0.6 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 2. Compute the applied conversion cost per minute (the amount of conversion cost actually assigned to the product). 3. Discuss how this approach to assigning conversion cost can improve delivery time performance. Explain how conversion cost acts as a performance driver for on-time deliveries.
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
The absorption costing unit product cost is.
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The following costs related to Lillian Company: Variable Costs per unit: Direct materials $2.50 Direct labor $0.75 Overhead $1.25 Selling & Administrative $1.50 Fixed Costs: Overhead $10,000 Selling & Administrative $5,000 Each unit sells for $15.00. At a sales volume of 15,000 units, what is Lillian Company’s total cost?
Three production processes - A, B, and C - have the following cost structure: the selling price is 5.26 per unit Process Fixed Cost per Year Variable Cost per Unit A 119164 2.54 B 80631 4.52 C 70617 5.27 1. What is the cost of process A for a volume of 7104 units? (round to the nearest cent).
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Shelby Enterprises, LLC has the following costs for product Z: Type of Cost Amount Unit Direct Materials $43 per unit Direct Labor $61 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $4,800 per year 1. Calculate the unit product cost using absorption costing when production is 250 units, 500 units, 2,500 units. Round your answer to the nearest cent.
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Dull Corporation produces a single product and has the following cost structure: Number of units produced each year 6,000 Variable costs per unit: Direct materials Direct labor $43 $13 $5 Variable manufacturing overhead Variable selling and administrative expense $1 Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 C. $61 D. $56 $204,000 $138,000

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