Provide correct answer general Accounting question Johnson Manufacturing operates within a relevant range of 2,000 to 8,000 units. At aproduction level of 6,000 units, their average costs per unit are:Average Cost per Unit:⚫ Direct materials: $8.40⚫ Direct labor: $4.50⚫ Variable manufacturing overhead: $2.20•.•Fixed manufacturing overhead: $3.50Fixed selling expense: $0.90⚫ Variable selling expense: $0.65Fixed administrative expense: $0.45⚫ Variable administrative expense: $0.30If Johnson Manufacturing produces 5,000 units, what would be the total amount ofmanufacturing overhead cost?a. $25,000b. $32,000c. $27,000d. $29,500

Step 1: Define Manufacturing OverheadManufacturing overhead consists of all indirect costs incurred…

Answered: Johnson Manufacturing operates within a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EA: Cool Pool has these costs associated with production of 20,000 units of accessory products: direct...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
Shelby Enterprises, LLC has the following costs for product Z: Type of Cost Amount Unit Direct Materials $43 per unit Direct Labor $61 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $4,800 per year 1. Calculate the unit product cost using absorption costing when production is 250 units, 500 units, 2,500 units. Round your answer to the nearest cent.
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $ 6.00 $ 3.50 $ 1.50 $ 4.00 $ 3.00 $ 2.00 $ 1.00 $ 0.50 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round intermediate calculations.)
Perteet Corporation's relevant range of activity is 5,700 units to 11,500 units. When it produces and sells 8,600 units, its average costs per unit are as follows: Average Cost per Unit Direct materlals $7.00 Direct labor $3.55 Varlable manufacturlng overhead $1.50 Flxed manufacturlng overhead $2.50 Flxed selling expense $0.85 Flxed administratlve expense $0.55 Sales commlsslons $0.65 Varlable admlnistrative expense $0.70 If 5,800 units are produced, the total amount of manufacturing overhead cost is closest to:
Denger
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 6 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4 Fixed selling expense $ 3 Fixed administrative expense $2 Sales commissions $ 1 $ 0.50 Variable administrative expense Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? 3. If 8,000 units are sold, what is the variable cost per unit sold? 4. If 12,500 units are sold, what is the variable cost per unit sold?
Uramilaben
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, Its unit costs are as follows: Anount Per Unit $ 6.00 $ 3.5e $ 1.5e $ 4.00 $ 3.00 $ 2.00 $ 1.00 $ 8.50 Direct naterials Direct labour Variable manufacturing overhead Fixed nanufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable adninistrative expense Required: 12-a. If 12,500 units are produced, what Is the total amount of manufacturing overhead cost Incurred to support this level of production? Total manufacturing overhead cost 12-b. If 12,500 units are produced, what is this total amount expressed on a per unit basis? (Round your answer to 2 decimal places.) Manufacturing overhead per unit
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Kubin Company's relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 units, its average costs per unit are as follows: Average Cost per Unit $ 8.50 $ 5.50 $ 3.00 $ 6.50 $ 5.00 $ 4.00 $ 2.50 $ 2.00 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. What is the incremental manufacturing cost incurred if the company increases production from 29,250 to 29,251 units? 2. What is the incremental cost incurred if the company increases production and sales from 29,250 to 29,251 units? 3. Assume that Kubin Company produced 29,250 units and expects to sell 28,900 of them. If a new customer unexpectedly emerges and expresses interest in buying the 350 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell…

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