Candom Inc. January-17 February-17 March-17 April-17 May-17 June-17 Suniden July-17 July-17 August-17 September-17 October 17 November-17 December-17 January-18 February-18 March-18 April 18 Cost data for the last 3 years Overhead Costs Units Produced $78,000 $91,000 $100,000 $78,000 $89,000 $93,000 $87,000 $94,000 $94,000 $81,000 $81,000 $85,000 $85,000 $104,500 $104,000 $92,000 $104,000 $96,000 $77.000 5,679 6,751 7,539 5,335 6,480 0,400 7,630 1,090 6,331 7,998 5,943 7,081 7,694 8,903 7,485 9,062 8,189 5.410 Use regression and show the equation used for Random to separate overhead into fixed and variable components. How much of the change in costs will this equation predict? What is the variable cost per unit for overhead? Round to the nearest cent What is the fixed overhead cost per month? Round to the nearest dollar Random analyzes their other costs and finds the following (in addition to the overhead costs above): Direct Mat Each unit of inventory uses 2 gallons of materials and each gallon costs $3 Direct Labor On average a worker can produce 16 units of product in an 8 hour shift and gets paid $180 for that shift Each month Random spends $26,500 on selling and administration costs Sales price for 2021 is estimated at $36 per unit What is the contribution margin per unit? Round to the nearest cent
Candom Inc. January-17 February-17 March-17 April-17 May-17 June-17 Suniden July-17 July-17 August-17 September-17 October 17 November-17 December-17 January-18 February-18 March-18 April 18 Cost data for the last 3 years Overhead Costs Units Produced $78,000 $91,000 $100,000 $78,000 $89,000 $93,000 $87,000 $94,000 $94,000 $81,000 $81,000 $85,000 $85,000 $104,500 $104,000 $92,000 $104,000 $96,000 $77.000 5,679 6,751 7,539 5,335 6,480 0,400 7,630 1,090 6,331 7,998 5,943 7,081 7,694 8,903 7,485 9,062 8,189 5.410 Use regression and show the equation used for Random to separate overhead into fixed and variable components. How much of the change in costs will this equation predict? What is the variable cost per unit for overhead? Round to the nearest cent What is the fixed overhead cost per month? Round to the nearest dollar Random analyzes their other costs and finds the following (in addition to the overhead costs above): Direct Mat Each unit of inventory uses 2 gallons of materials and each gallon costs $3 Direct Labor On average a worker can produce 16 units of product in an 8 hour shift and gets paid $180 for that shift Each month Random spends $26,500 on selling and administration costs Sales price for 2021 is estimated at $36 per unit What is the contribution margin per unit? Round to the nearest cent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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