Next, fill in average total cost in the table. (Enter your responses as real numbers rounded to two decimal places.)LaborCapitalOutputTotal CostAverage Total Cost010$500-1180720$nothing21240940nothing313201,160nothing413601,380nothing513801,600nothing

Average total cost is calculated by using the formula: Total cost / output

Answered: Labor Capital Output Total Cost Average…

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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Similar questions

The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.
Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Sales Cost of goods sold Gross profit Total direct expenses Contribution to overhead Contribution percent (of sales) O Department A O Department B Department C Dept. A $ 57,000 35,910 21,090 5,820 Dept. B $207,000 107,640 99,360 44,200 Which department contributes the largest dollar amount to total overhead? Department A O Department B O Department C Dept. C $ 77,000 40,810 36,190 9,146 Which department contributes the highest percent (as a percent of sales) to total overhead?
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Check
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units in ending work in process 7,000 Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 4 80 40 % 100 % $73,000 $61,100 $101,100
3
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e. $5,752.10. Company XYZ has total prime cost of $21,000 and total conversion cost of $42,000. Assume that manufacturing overhead cost is three times the direct labor cost, how much is the direct materials cost? Select one: O a. None of the given answer O b. 21,000 O c. 10,500 O d. 12,000 O e. 31,500
17) Refer to Figure 7.4. The marginal product of the third worker isA) 10. B) 28.67. C) 32. D) 42. 18) Refer to Figure 7.4. The average product of four workers isA) 2. B) 12.5. C) 20. D) 34.
From the below given data, which cost has no relationship with the level of output? Type of cost Amounts (OMR) Total cost 6,000 Variable costs 4,000 Semi variable costs 1,000 Fixed cost 1,000 O a. Variable costs O b. Semi variable costs OC. Total cost Od. Fixed cost
question 8 attached ss beilow thnaks for help appraeicated it tiwjy5jio5moimnio
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sing the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Beta? Select one: a. Fixed b. Variable c. Mixed d. Semi-fixed e. None of the above

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Labor	Capital	Output	Total Cost	Average Total Cost
0	1	0	$500	-
1	1	80	720	$nothing
2	1	240	940	nothing
3	1	320	1,160	nothing
4	1	360	1,380	nothing
5	1	380	1,600	nothing

Labor Capital Output Total Cost Average Total Cost 0 1 0 ​$500 ​- 1 1 80 720 ​$nothing 2 1 240 940 nothing 3 1 320 1,160 nothing 4 1 360 1,380 nothing 5 1 380 1,600 nothing

Labor Capital Output Total Cost Average Total Cost 0 1 0 $500 - 1 1 80 720 $nothing 2 1 240 940 nothing 3 1 320 1,160 nothing 4 1 360 1,380 nothing 5 1 380 1,600 nothing