3.5417.843.9715.29 Electric costs at The Corporation's factories are listed below:Electrical CostMachine-Hours413$47,371March5067,740April7,44724$4435May4867,660June499247,704July4617,563AugustSeptember7,57124$44674587,522October425247,403Management believes that electrical cost is a mixed cost (both variable and fixed). The variable portion depends pn machine-hours.Using the high-low method, the estimate of the variable component of electrical cost per machine hour is closest to:November

Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Electric costs at The Corporation's factories are listed bělow! Electrical Cost 7,371 7,740 Machine-Hours 413 24 March 506 $4 April May 435 24 7,447 486 24 7,660 June 499 24 7,704 July $4 $4 24 7,563 7,571 461 August September 467 7,522 7,403 October 458 425 24 Management believes that electrical cost is a mixed cost (both variable and fixed). The variable portion depends pn machine-hours. Using the high-low method, the estimate of the variable component of electrical cost per machine hour is closest to: November

Electric costs at The Corporation's factories are listed bělow! Electrical Cost 7,371 7,740 Machine-Hours 413 24 March 506 $4 April May 435 24 7,447 486 24 7,660 June 499 24 7,704 July $4 $4 24 7,563 7,571 461 August September 467 7,522 7,403 October 458 425 24 Management believes that electrical cost is a mixed cost (both variable and fixed). The variable portion depends pn machine-hours. Using the high-low method, the estimate of the variable component of electrical cost per machine hour is closest to: November

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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1. Providence Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense lanolevil subivibr The unit product cost under variable costing is: 7,000 mos i h $78 $89 $6 $3 $532,000 $574,000
A corporation's cost data is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense What is the amount of product costs, if 4,000 units are produced? Multiple Choice O O O O $57,200 $8,800 $44,400 $53,200 Cost per Cost per Unit Period $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 $ 8,800 $ 4,000
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Ramos Company has the following unit costs: Variable manufacturing overhead Direct materials Direct labor Fixed manufacturing overhead Fixed marketing and administrative $19 18 NP 23 16 14 What cost per unit would be used for product costs under full absorption costing?
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