Do not give answer in image Exercise 2-11A (Algo) Mixed cost at different levels of activity LO 2-1Solomon Corporation paid one of its sales representatives $6,500 during the month of March. The rep is paid a base salary plus $13per unit of product sold During March, the rep sold 160 units.RequiredCalculate the total monthly cost of the sales representative's salary for each of the following months:MonthNumber of unitsTotal variable costTotal and contTotal salary costApri200110210120

VARIABLE COST Variable Cost is a cost that varies with the level of output. variable costs include…

Exercise 2-11A (Algo) Mixed cost at different levels of activity LO 2-1 Solomon Corporation paid one of its sales representatives $6,500 during the month of March. The rep is paid a base salary plus $13 per unt of product sold During March, the rep sold 160 units Required Calculate the total monthly cost of the sales representative's salary for each of the following months Mont Number of units Total variable cost Total faxed cost Total salary cost Apri 200 May 110 210 July 120

Exercise 2-11A (Algo) Mixed cost at different levels of activity LO 2-1 Solomon Corporation paid one of its sales representatives $6,500 during the month of March. The rep is paid a base salary plus $13 per unt of product sold During March, the rep sold 160 units Required Calculate the total monthly cost of the sales representative's salary for each of the following months Mont Number of units Total variable cost Total faxed cost Total salary cost Apri 200 May 110 210 July 120

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PB: A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable...

See similar textbooks

Similar questions

ll.2
Need a&b plz
7
Need help with this Question provide Answer
Question: The manufacturing costs of Alex Industries for the first three months of the year are provided below. Total Costs Production January $566,350 February 388,800 March 604,800 4,310 units 2,400 units 6,400 units Using the high-low method, determine: (a) the variable costs per unit and (b) the total fixed costs. (Round to nearest dollar)
Adams Company's cost and production data for two recent months included the following: March April 1,000 $2,000 $ 667 Production (units) 900 $2,000 $ 600 Rent Utilities Skipped Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) March April Rent cost per unit Utility cost per unit
High-Low Method The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $297,360 1,540 units February 379,960 2,880 March 462,560 4,340 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2
8 ok Royal Enterprises has collected the following cost data for various levels of activity: Month June July August Required: a. Using the high-low method, calculate the variable cost per unit and the total fixed cost per month. Note: Round variable cost to 2 decimal places. b. What would the total cost be for a month with 5,350 units duced? Note: Do not round your intermediate calculations. a. Fixed Cost a. Variable Cost b. Total Costs Units Total Cost per Unit 3,450 5,850 7,050 $ 12.10 8.10 7.30 per month per unit
High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided below. Total Costs Production January $345,600 2,800 units February 459,260 5,090 March 537,600 6,800 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost $
Contribution Margin Income Statement Per Unit $ 7.00 For Year Ended December 31 Sales (480,000 units) Variable costs Direct materials Direct labor Variable overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income 1.52 0.38 0.70 4.40 0.30 0.20 $ 3.90 Required: 1. Compute income from the special offer. 2. Should the company accept or reject the special offer? Required 1 Required 2 A potential customer offers to buy 58,000 units for $3.70 each. These sales would not affect the company's sales through its normal channels. Details about the special offer follow. Contribution margin • Direct materials cost per unit and variable overhead cost per unit would not change. • Direct labor cost per unit would be $0.56 because the offer would require overtime pay. • Accepting the offer would require incremental fixed general and administrative costs of $5,800. • Accepting the offer would require no incremental fixed overhead costs. Fixed overhead Fixed general…
Question 26
Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on. Below are the costs and volumes for the past six months at its Plant number 6: Kirby Fasteners Plant Number 6 January to June Results Volume (Units) 11,100 10,040 13,370 13,900 11,900 11,680 Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. b. Kirby analysts forecast a production level of 12,100 units in July. Based on the results from requirement (a), what would be the estimated production costs in July? Total Cost $ 196,900 187,795 222,400 235,080 214,555 211, 212 Complete this question by entering your answers in the tabs below. Required A Variable cost Fixed cost Required B Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. (Round "Variable cost" answer to 2 decimal places.)