Here is some data for two months: Total Costs Units January $14,400 1,800 February $12,800 1,600 What type of cost is this?
Q: What was net capital spending on these general accounting question? Please answer do fast
A: Step 1: Define Fixed AssetsFixed assets are those assets that a business acquires in order to obtain…
Q: Get correct answer
A: Step 1: Define Inspection costInspection cost means the cost incurred to identify defect-free…
Q: nik.2
A: preparing Pension Worksheet for Sandhill Corporation's The question contain financial information…
Q: wanted account answer
A: Gross Margin reflects the percentage of revenue that remains after deducting the cost of goods…
Q: Assets
A: Explanation of Adjusted Trial Balance: A financial document that lists all the company's accounts…
Q: Financial Accounting
A: Step 1: Define Dividend Per ShareThe dividend per share calculation involves dividing the total…
Q: Do fast and easy calculation for this accounting question not use ai
A: Step 1: Define Income StatementThe first derivation of the income statement is the gross profit…
Q: Logistics Solutions maintains warehouses that stock items carried by its dot.com clients. When a…
A: • Actual Hours for shipping 115,000 items (AH)= 3,800 direct labor hour• Actual Variable Overhead…
Q: Sales for a firm are $541,000, cost of goods sold are $401,000, and interest expenses are $17,000.…
A: Gross profit margin is a profitability ratio that measures the percentage of sales revenue left over…
Q: A company normally
A: Step 1:As per inventory valuation method of lower of cost or market value inventory is valued at the…
Q: Give answer in detailed of below General Accounting Question
A: Explanation of Accounting Estimate: An accounting estimate is a reasonable approximation of a…
Q: Coastal's balance sheet for a recent year revealed the following information Current assets…
A: The formula for computing the working capital is:Working Capital = Current Assets - Current…
Q: None
A: Detailed explanation: Purchases Cost of Goods Sold Inventory Balance # of…
Q: Financial Accounting
A: Explanation: The time taken by an entity to convert its resources into cash is known as cash…
Q: Need answer
A: Explanation: The formula to calculate direct material quantity variance is as follows:Direct…
Q: short answer please
A: Gross profit percentage is calculated as: Gross Profit Percentage=Sales RevenueGross Profit×100…
Q: Solve these accounting issue
A: In order to accurately determine Bellfont's production cost per door stopper for September, we must…
Q: Need help
A: Concept of Conservatism in Accounting1. Definition:Conservatism is an accounting principle that…
Q: im.8
A: Explained Above
Q: James is offered 1,000 options on Jan 1, 2020. The exercise price is $5. In 2022, he exercises all…
A: Incentive Stock Options (ISOs) have specific tax treatment. When James exercises his ISOs in 2022,…
Q: PT
A: To solve this problem, we need to calculate the allocation of the total annual cost of housekeeping…
Q: Rhed kennel uses
A: Step 1: Define Administrative ExpensesAdministrative expenses are recorded when the company's costs…
Q: ? Help
A: c. More than 50%When a business owns more than 50% of another business, it has control over the…
Q: Subject: financial accounting
A: To find the amount of manufacturing overhead allocated based on actual machine hours, you can use…
Q: Problem 2.9: In a joint operation, each party recognizes: a) Their share of assets, liabilities,…
A: Explanation of Their share of assets, liabilities, revenues and expenses:In a joint operation, each…
Q: Sub. Account
A: Correct Answer: G. Helps a seller analyze its pricing Explanation of Gross Profit PercentageThe…
Q: What is the amount
A: Explanation of Equity Method of Accounting:The equity method of accounting is used when a company…
Q: Garden Company has the capacity to produce 200,000 tillers. Variable costs are $30 per tiller. Fixed…
A: Detailed explanation: 1. Problem Breakdown and Variables DefinedThe Garden Company has three…
Q: Need help of Accounting Expert
A: Variable cost per X-ray = (Cost of the highest activity level - Cost of the lowest activity level) /…
Q: The following selected amounts were extracted from the financial statements of Boston Corporation.…
A: Preparing a Trend AnalysisA trend analysis is used to examine financial data over a series of years…
Q: Hello tutor provide solution for these accounting question
A: Step 1: Define InventoryInventory is maintained by two systems, namely periodic and perpetual.…
Q: Please need answer do fast and correct calculation for these accounting question
A: Step 1: Define Price-Earnings RatioAs the name suggests, the Price to Earnings Ratio is the ratio of…
Q: Question: An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours…
A: Detailed explanation: Part A: Determine the Gross Pay for the WeekGross pay is the total amount an…
Q: general account
A: calculate the gross margin for the first year, we need to determine the Cost of Goods Manufactured…
Q: King Tire Co.’s budgeted unit sales for the year 2016 were: The budgeted selling price for truck…
A: NO. 1: SALES BUDGET: Sales Revenue= Unit sales x Selling PriceTruck Tires: Budgeted Unit sales=…
Q: Jose Company sells a wide range of goods through two retail stores operated in adjoining cities.…
A: On a similar problem found, here's the format for describing the impact of each transaction on the…
Q: general account questions answer need
A: find the profit margin and debt ratio for the company, we'll use the given information and financial…
Q: Provide answer
A: Explanation of Reciprocal Method of Consolidation: The reciprocal method of consolidation is a…
Q: Calculate
A: Explanation of Gross Wages:Gross wages refer to the total amount earned by an employee before any…
Q: Provide solution for this accounting question not use Ai
A: Step 1: Define Government BudgetThe government budget is recognized as a projected statement that…
Q: I need answer of this question
A: Step 1: Define Variance Analysis:Variance analysis is essential tool management uses for evaluating…
Q: Please help!
A: Step 1: Operating Cash FlowNet Income: This is the total income of $30,800 earned by Parento Inc. in…
Q: account margin requirement
A: Gross margin is the portion of sales revenue left over after subtracting a company's direct costs or…
Q: Affect
A: Explanation of Accounting Estimates: Accounting estimates are approximations of financial statement…
Q: Papa
A: Explanation: In the given case, we are required to calculate net income of the firm by using the…
Q: A partial trial balance of Shamrock Corporation is as follows on December 31, 2026. Dr. Cr. Supplies…
A: DebitCreditSupply expense=2500-1000 Supplies 1500 Salaries and wages expense=4000-1500 Salaries…
Q: Solve general accounting question
A: Step 1: Define Activity Based CostingUnder activity-based costing, businesses allocate overhead…
Q: General Accounting
A: Step 1: Define DepreciationDepreciation is a non-cash and tax-deductible expense of the business. It…
Q: Assume a Co. Has the following available information about costs on this accounting question
A: Step 1: Define Variable CostVariable cost is a type of cost that increases when the cost driver…
Q: Required information [The following information applies to the questions displayed below.] Melissa,…
A: C1. Melissa's Recognized Gain or Loss if Outside Basis is $13,070Melissa's outside basis is her…
What type of cost is this on these general accounting question?
Step by step
Solved in 2 steps
- Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000A department had the following information for the month: Total materials costs P45,000 Conversion cost per unit P3.00 Total manufacturing cost per unit P5.50 What are the equivalent units of production for materials?Frazier Manufacturing Company collected the following production data for the past month: Units Produced Total Cost 1,600 $66,000 1,300 $57,000 1,500 $67,500 1,100 $49,500 If the high-low method is used, what is the monthly total cost equation?
- Harbor Images has collected the following cost data for various levels of activity: Images Created Total Cost $5,700 $6,320 $9,210 $5,250 Month 6,000 7,750 8,100 4,500 August September October November a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.) Variable Cost Per Image Fixed Cost Per Month b. Estimate the total costs when 6,500 images are created. (Do not round your intermediate calculations.) Total CostsTotal and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 4,000 units were produced and sold. Required: Classify each of the costs as product cost or period cost. Direct materials Direct labor Manufacturing overhead Selling expense What is the total product cost for last month?$ What is the unit product cost for last month?$per unit Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials $400,000 Direct labor 80,000 Manufacturing overhead 320,000 There were no beginning or ending inventories of WIP. Required: What was the total product cost in January?The total product cost in January is $. What was the product cost per unit in…Par
- Voltar has collected the following data for recent months Month Miles Driven Total Cost March 41,00O 30,690 April 43,600 44,234 May 35,500 37,000 June 42,400 31,593 Required: a) Using the high-low method, find variable cost per unit, total fixed cost, and total cost equation? b) What is the estimated cost for a month in which 38,000 miles are drivenShown below are units produced and total manufacturing costs for the pastfour months at Minda Manufacturing Corporation: Units Produced Total CostJul 120 P446,000Aug 150 P508,000Sep 180 P638,000Oct 170 P668,000What is Minda's cost formula for total manufacturing costunder the high-lowmethod?The following data pertain to activity and costs for two recent months: Assuming that these activity levels are within the relevant range, the mixed costs for November were:
- Discussion QuestionThe table below shows monthly data collected on production costs and on the number of unitsproduced over a twelve month period.Month Total ProductionCostsLevel of Activity(Units Produced)July $230,000 3,500August 250,000 3,750September 260,000 3,800October 220,000 3,400November 340,000 5,800December 330,000 5,500January 200,000 2,900February 210,000 3,300March 240,000 3,600April 380,000 5,900May 350,000 5,600June 290,000 5,000a) Determine the variable cost per unit and the fixed cost using the high-low method.b) What is the equation of the total mixed cost function?c) Based on the High-Low method, what is the total production costs if 6,500 units areproduced?d) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.e) Using the line of best-fit, determine the company’s fixed cost per month and the variablecost per unit. (Use 0 & 5,000…Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 18,000 28,800 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit?The estimated unit costs for a company to produce and sell a product at a level of 14,000 units per month are as follows: Estimated Unit Cost Cost Item Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses What are the estimated prime costs per unit? $ 39 29 24 5 3 4