Harrison Company reported the following cost information: November December Variable costs $18,000? Fixed costs $24,000? Mixed costs $30,000? Total costs $72,000 $89,000 Units sold 8,000 12,000 Calculate Harrison Company's mixed costs in December.

Harrison Company reported the following cost information: November December Variable costs $18,000? Fixed costs $24,000? Mixed costs $30,000? Total costs $72,000 $89,000 Units sold 8,000 12,000 Calculate Harrison Company's mixed costs in December.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Columbia Corporation produces a single product. The company's variable costing income statement for…

A: Absorption costing is the method of costing with the inclusion of all the costs incurred in…

Q: During August, Tyson Company sold 6,600 units and reported the following income statement: Sales…

A: Lets understand the basics.Degree of operating leverage indicates how much change in net operating…

Q: Zhao Company has fixed costs of $354,000. Its single product sells for $175 per unit, and variable…

A: Contribution means the difference between the selling price and variable cost. Break even point…

Q: Complete the Contribution Margin Income Statement below with the following data: Sales per unit,…

A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…

Q: Columbia Corporation Income Statement For the Month ended November 30 Sales ($20 per unit) Variable…

A: Product cost refers to the cost incurred in the factory for the production of goods and hence…

Q: Ans Please Fastt...

A: Step 1: Contribution margin for 1,030 units is calculated as follows: =1,030units ×(Selling price -…

Q: The following monthly data are available for Crane Company. which produces only one product: Selling…

A: Margin Of Safety = Actual Sales - Break-even Sales

Q: The following data pertain to activity and costs for two recent months: October November Activity…

A: TOTAL COSTTotal Cost is the cost incurred to manufacturing a product.Total Cost Includes Cost of Raw…

Q: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company

A: "Contribution Margin: The Contribution Margin is also can be treated on a gross or per unit basis.…

Q: XYZ Company incurred the following costs for the month of August when it observed an activity level…

A: Step 1: variable cost is the cost which changes with change in production volume.Fixed cost do not…

Q: Income Statements, Variable and Absorption Costing The following information pertains to Vladamir,…

A: Variable costing income statement The variable costing income statement is a statement prepared by…

Q: Copper Company uses the high-low method to analyze mixed costs. The following information relates to…

A: Cost accounting is one of the branch of accounting. Under this branch, all type of costs and…

Q: Variable costing Marley Company has the following information for March: Sales $ 912,000…

A: Introduction: Variable costing is a managerial and cost accounting method that deducts fixed…

Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: The following is cost information for ABC Company: Month Total costs Total units January $ 33,000…

A: Variable cost is the cost which varies with the change in the activity level. It changes with the…

Q: Variable Costing Mariey Company has the following information for March: Sales $912,000 Variable…

A: Break-even analysis is a technique used widely by the production management. It helps to determine…

Q: Selling price = $15 per unit Variable costs - variable manufacturing costs = $5 per unit variable…

A: An income statement is a type of financial statement that displays how much money a company makes…

Q: The following monthly data in contribution format are available for the Arafura Company and its only…

A: The monetary amount of sales that a company needs to achieve in order to break even is referred to…

Q: Sterling Glass Company uses the high-low method to analyze mixed costs. The following information…

A: The formula for variable cost per hour using High-Low Method: Variable cost per unit=Highest…

Q: Jefferson Company reported the following information for September: variable costs..... fixed costs…

A: Income statement is a financial statement that shows profitability, total revenue and total…

Q: Green and White Company reported the following monthly data: Units produced Sales price Direct…

A: Contribution margin: The difference between the sales and the variable costs is called contribution…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Variable costs: These are the costs that vary with the number of units produced. The more the units…

Q: Per unit information for Product M of Adolf Corporation is provided below: $80 per unit Direct…

A: Lets understand the basics. In variable costing period cost are total of fixed cost and all variable…

Q: Leigh Company, which has only one product, reported the following results for January: Selling…

A: Absorption costing is also known as Traditional costing:

Q: Coraline Co. has the following cost and activity data. Month Units Total Cost September 80,000…

A: The High-low method of determining cost variance considers the highest and lowest cost being…

Q: Month January February March April Estimate unit variable costs: $240/unit $73.33/unit Units…

Q: Royal Enterprises has presented the following information for the past three months operations:…

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

Q: The Coft Company manufactures zamboozas. The company's cost data f 6 months shows the following:…

A: Solution: Variable cost per unit =(cost at high point - cost at lowest point) / (Highest units -…

Q: Beta industries produced an product, has provided its contribution format income statement for…

A: Break even volume in units: = Fixed costs / Unit contribution margin Number of units sold=1600 units…

Q: Jefferson Company reported the following information for September: variable costs $26 per unit…

A: Contribution margin : Contribution margin means sales less variable cost. Contribution margin =…

Q: The following data pertain to activity and costs for two months: October 5,000 $10,000 30,000 20,000…

A: "Activity level cost" typically refers to the costs associated with a specific level of activity or…

Q: Morning Company reports the following information for March. Calculate the gross profit and…

A: Step 1: Introduction to the Absorption Costing:Another method to account for the costs in cost…

Q: Berti Corporation manufactures and sells a single product. Cost data for the product are given…

A: The overall cost of a manufacturing run is divided by the number of units that are produced to…

Q: Following September HASF continued its operations results follows Production…

A: The profit is calculated as difference between sales revenue and total cost.

Q: A company reports the following information: Month January February March April Multiple Choice…

A: Variable cost per unit is a constant rate at which the cost will be computed. change in the number…

Q: Sims Company began operations on January 1. Its cost and sales information for this year follow. $…

A: As per the absorption costing method, the product cost includes fixed and variable manufacturing…

Q: Please give answer of this question

A: Given values: Sales = $500,000Variable COGS = $235,000Fixed Manufacturing Costs = $80,000Variable…

Q: Crane Corporation produces and sells two products, Basic and Super. Data for activity during March…

A: Net income or loss is the amount of income earned or loss incurred after deducting all the expenses…

Q: me Statement Per Unit $ 6.00 1.44 0.36 0.60 3.60 0.20 0.15 $ 3.25 Annual Total $ 2,400,000 576,000…

A: To decide if a special order is to be accepted or rejected , the incremental cost on the special…

Q: and total cost data for its operating activities of the past year Management wants to use these data…

A: High-low method is one of the techniques that is used to separate fixed and variable components from…

Q: Harrison Company reported the following cost information: November December Variable costs $18,000?…

A: Cost can be classified into two categories fixed cost and variable cost. The fixed cost remains…

Q: The data below relates to SunRise for January and February of the current year.…

A: Computation of variable cost is as follows: High low method =Maintenance cost at high no. of units/…

Q: Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin…

A: Breakeven is the point at which an entity is in a position of no profit and no loss. At this point,…

Q: Prepare an income statement for Jomar Box Company under the following methods: a.Absorption Costing…

A: The major difference between marginal costing and absorption costing is treatment for closing stock.…

Q: Compute gross profit if we use Marginal costing. Compute operating profit if we use Marginal…

Q: October November Activity level in units. Variable costs. 5,000 10,000 $10,000 Fixed costs... Mixed…

A: Activity-based costing is used to allocate the overhead expenses on the basis of different…

Q: Doyle & Company uses a standard costing system. The firm provides the following information about…

A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…

Question

Harrison Company reported the following cost information: November December Variable
costs $18,000? Fixed costs $24,000? Mixed costs $30,000 ? Total costs $72,000 $89,000
Units sold 8,000 12,000 Calculate Harrison Company's mixed costs in December.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Working

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Please no hand writing solution
Swisher, Incorporated reports the following annual cost data for its single product: Normal production level Direct materials Direct labor Variable overhead Fixed overhead Multiple Choice $60,000 decrease This product is normally sold for $48 per unit. If Swisher increases its production to 50,000 units, while sales remain at the current 30,000 unit level, by how much would the company's income increase or decrease under variable costing? $90,000 decrease $90,000 Increase. 30,000 units 6.40 per unit 3.93 per unit 5.80 per unit $150,000 in total $ $60,000 increase. There is no change in income.
Subject: acounting
Give me answer for this question
Green and White Company reported the following monthly data: 3,600 units $ 27 per unit $ 2 per unit $ 3 per unit $ 3.50 per unit $ 14,400 in total $0.50 per unit Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses What is Green and White's contribution margin for this month if 1,140 units were sold? Multiple Choice O $64,800 O $20,520 $30,780 $97,200 $3,600 in total $25,080
Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixed manufacturing costs 82,000 Variable selling and administrative expenses 238,100 Fixed selling and administrative expenses 54,700 Determine the following for Marley Company for the month of March: a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income $fill in the blank 3
Cullumber Farms reports the following results for the month of November: Sales (11,100 units) Variable costs Contribution margin Fixed costs Net income $688,200 477,300 210,900 122,100 $88,800 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66% of sales. 3. Reduce fixed costs by $10,000.
A company produced and sold 3,400 units of its only product this year. The sales price is $162 per unit. Fixed costs include overhead of $85,000 per year, and selling and administrative expenses of $68,000 per year. Variable costs per unit follow. Direct materials Direct labor Variable overhead Variable selling and administrative expenses Use variable costing to compute contribution margin. Variable expenses Contribution Margin (Variable Costing) $ 28 per unit $ 30 per unit $5 per unit 34 per unit
Farrow Company reports the following annual results. Contribution Margin Income Statement Sales (200,000 units) Variable costs Direct materials Direct labor Overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income Per Unit $ 15.00 Annual Total $ 3,000,000 2.00 400,000 4.00 800,000 2.50 500,000 6.50 1,300,000 2.00 1.50 400,000 300,000 $ 3.00 $ 600,000 The company receives a special offer for 20,000 units at $13 per unit. The additional sales would not affect its normal sales. Variable costs per unit would be the same for the special offer as they are for the normal units. The special offer would require incremental fixed overhead of $80,000 and incremental fixed general and administrative costs of $86,000. (a) Compute the income or loss for the special offer. (b) Should the company accept or reject the special offer? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income or loss for the special…
A company reports the following information: Month Units Sold Total Cost $ 5,500 $ 7,000 $ 8,100 $ 3,420 January February 950 1,850 March 2,500 April 650 Using the high-low method, the estimated variable cost per unit is: Multiple Cholce $3.24. O $5.26. $2.53, $4.04.
provide the variable cost per unit
Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (11,600 units at $225 each) Variable costs (11,600 units at $180 each) Contribution margin Fixed costs Income $ 2,610,000 2,088,000 522,000 315,000 $ 207,000 1. Assume Hudson has a target income of $150,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)