How much is the total cost of producing 150 grams of honey if the company uses the least squares method. The cost accountant of sweet company recorded these cost of producing honeybee: DAYS GRAMS PRODUCED TOTAL COST INCURRED MON 100 1000 TUES 75 600 WED 25 400 THURS 150 1500 FRI 175 1600 SAT 50 600 SUN 125 1300

How much is the total cost of producing 150 grams of honey if the company uses the least squares method. The cost accountant of sweet company recorded these cost of producing honeybee: DAYS GRAMS PRODUCED TOTAL COST INCURRED MON 100 1000 TUES 75 600 WED 25 400 THURS 150 1500 FRI 175 1600 SAT 50 600 SUN 125 1300

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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A company provided the following information about its one and only product: Direct materal used: $45,000 Direct labour: $30,000 Fixed factory overhead: $42,000 Fixed Selling & administrative expenses: $8,000 Variable factory overhead: $28,000 Variable Selling & administrative expenses: $12,000 Selling price de unit: $12 Units produced: 10,000 The unit cost of a unit under the marginal costing approach is a. $5.00 b. $514.50 c. $516.50 d. $510,30
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How muchh is the total cost of production 150 grams of honey if the company uses the least squares method. The correct accountant of Sweet Company recorded these cost of producing honeybee: Days Grams Produced Total Cost Incurred Mon 100 P1,000 Tues 75 600 Wed 25 400 Thurs 150 1,500 Frid 175 1,600 Sat 50 600 Sun 125 1,300
Delicious Desserts makes cupcakes and cookies. The company gathered the following information for the current year regarding its use of flour and butter (four is a direct material for cupcakes and butter is a direct material for cookies) Standard quantity per batch Standard Price (SP) per pound Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Flour (Direct Materials) Cupcakes 4 lbs $0.301b OA 14 D OB. 0704 OC. 0.4 OD. 264 $1.00 ? $525 U Butter (Direct Matenals) Cookies 20 ? 4 bs $1.96/b $1,300 U ? Quanety vanance Flexible budget variance 7 Number of batches produced 290 The actual direct material quantity used per batch for cupcakes may be closest to $3,000 U 600
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