DO IT! 5-1 Helena Company reports the following total costs at two levels of production.5,000 Units10,000 Units$3,000$ 6,0007,0007,00028,00056,00022,00044,0004,0007,00011,000Indirect laborProperty taxesDirect laborDirect materialsDepreciationUtilities4,0005,0009,000MaintenanceClassify each cost as variable, fixed, or mixed.

Introduction: Costs are the monetary value of spending for supplies, services, people, products,…

DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units 10,000 Units $3,000 $ 6,000 7,000 7,000 28,000 56,000 22,000 44,000 4,000 4,000 5,000 7,000 9,000 11,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance Classify each cost as variable, fixed, or mixed.

DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units 10,000 Units $3,000 $ 6,000 7,000 7,000 28,000 56,000 22,000 44,000 4,000 4,000 5,000 7,000 9,000 11,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance 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

See similar textbooks

Similar questions

Compute conversion costs given the following data: direct materials, $356,600; direct labor, $196,300; factory overhead, $194,500 and selling expenses, $40,900. a.$390,800 b.$153,600 c.$551,100 d.$747,400
Compute conversion costs given the following data: direct materials, $351,300; direct labor, $207,800; factory overhead, $189,700 and selling expenses, $46,300. a. $748,800 b. $143,400 c. $541,000 d. $397,500
Presented below are certain operating data for the four departments of Tally Manufacturing Company. Service Production 1 2 1 2 Total manufacturing overhead costs either identifiable with or allocated to each department $72,000 $86,400 $108,000 $117,600 Square feet of factory floor space 48,000 96,000 Number of factory workers 110 70 Planned direct labor hours for the year 24,000 36,000 Allocate, to the two production departments, the costs of service departments 1 and 2, using factory floor space and number of workers, respectively, as bases. Do not round bases when calculating reallocations of service departments. Production 1 2 Identifiable and allocated overhead Answer Answer Reallocation of service departments: Dept. 1 Factory floor space Answer Answer Dept. 2 Number of factory workers Answer Answer Total manufacturing overhead Answer Answer What is the apparent…
For each of the following independent cases (A through E), compute the missing values in the table: Case A B C D E Prime Cost 6,990 11,640 Conversion Cost 11,570 7,940 20,550 Direct Materials $ 2,110 $ 2,200 1,450 3,410 Direct Manufacturing Labor Overhead 1,130 $ 3,120 2,060 3,500 6,780 2,960 Total Manufacturing Cost 9,390 5,860
N1.
Eccles Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries $ 349,000 Depreciation 290,000 Utilities 199,000 Total $ 838,000 Distribution of resource consumption: Activity Cost Pools Total Assembly Setting Up Other Wages and salaries 65% 20% 15% 100% Depreciation 35% 20% 45% 100% Utilities 15% 75% 10% 100% How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool? Multiple Choice $125,700 $544,700 $345,533 $358,200
Under absorption costing, a company had the following unit costs when 9,000 units were produced. Direct labor $7.25 per unit Direct material $8.00 per unit Variable overhead $5.50 per unit Fixed overhead ($67,500/9,000 units) $7.50 per unit Total production cost $28.25 per unit Compute the total production cost per unit under variable costing if 30,000 units had been produced. $31.75 $28.25 $23.45 $15.25 $20.75