Norred Corporation has provided the following information:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadSales commissionsCost per Cost perUnitPeriod$ 7.05$ 3.70$ 1.60$ 1.50$ 0.45$121,500Variable administrative expenseFixed selling and administrative expense$ 44,550If 8,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

The objective of the question is to calculate the total amount of indirect manufacturing cost…

Answered: Norred Corporation has provided the…

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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(The following information applies to the questions displayed below.) 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 $ 5.30 $ 2.80 $ 1.40 $4.00 $ 2.30 $2.20 $ 1.20 $ 0.45 2. For financial accounting purposes, what is the total amount of period costs igcurred to sell 10,000 units? (Do not round intermediate calculations.) Total period cost
Ocean Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expenses totaled $12,000 and fixed administrative expenses totaled $32,000. The price per calendar is $15. What is the contribution margin per unit?
Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.90 Direct labor $ 3.70 Variable manufacturing overhead $ 1.30 Fixed manufacturing overhead $ 9,900 Sales commissions $ 1.60 Variable administrative expense $ 0.60 Fixed selling and administrative expense $ 3,600 If 4,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to: Multiple Choice $5,850 $23,940 $15,750 $9,900
Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.80 Direct labor $ 3.80 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 10,800 Sales commissions $ 1.80 Variable administrative expense $ 0.60 Fixed selling and administrative expense $ 6800 If 4000 units are sold, the total variable cost is closest to:
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 $ 6.20 $ 3.70 $ 1.60 $ 4.00 $ 3.20 $2.20 $ 1.20 $ 0.45 11. If 8,000 units are produced, what is the total manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per-unit basis? Note: Round your "per unit" answer to 2 decimal places. Total manufacturing overhead cost Manufacturing overhead per unit
Lagle Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Cost per Unit Period $ 4.70 $ 3.60 $ 1.40 $ 1.60 $ 0.50 $ 16,900 Variable administrative expense Fixed selling and administrative expense $ 3,000 For financial reporting purposes, the total amount of period costs incurred to sell 6,500 units is closest to:
Lagle Corporation has provided the following information: Cost per Cost per Unit Period Direct materials $5.25 Direct labor $3.90 $1.40 Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense $7,200 $1.80 $0.30 $6,600 Fixed selling and administrative expense If 4,500 units are sold, the variable cost per unit sold is closest to:
Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.00 Direct labor $ 4.20 Variable manufacturing overhead $ 1.30 Fixed manufacturing overhead $ 126,000 Sales commissions $ 1.50 Variable administrative expense $ 0.35 Fixed selling and administrative expense $ 41,400 Required: a. If 9,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 9,000 units are produced, what is the total amount of indirect manufacturing costs incurred?
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,700 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed elling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 5.60 $ 3.70 $ 1.90 $ 3.80 $ 0.85 $ 0.70 $ 0.60 $ 0.60 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,700 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,700 units? c. If 6,700 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.) d. If 6,700 units are sold, what is the total amount of variable costs related to the units sold? e. If 6,700 units are produced, what is the average fixed manufacturing cost per unit produced? (Round "Per unit" answer to 2…
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $ 6.30 $ 3.30 $ 1.25 $ 1.30 $ 0.60 Cost per Period $ 15,000 $ 4,200 If 7,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:
A company uses activity-based costing to calculate the unit cost of its products. The figures for Period 3 are as follows: Production set-up costs: £84,000. Total production is 40,000 units of each of products A and B, and each run is 2,000 units of A or 5,000 units of B. What is the set-up cost per unit of B? A. £0.10 B. £0.08 C. £0.60 D. £0.29
Dake Corporation's relevant range of activity is 3,100 units to 6,500 units. When it produces and sells 4,800 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7 Direct labor $ 3.00 Variable manufacturing overhead $ 1.75 Fixed manufacturing overhead $ 3.00 Fixed selling expense $ 1.05 Fixed administrative expense $ 0.75 Sales commissions $ 0.85 Variable administrative expense $ 0.75 For financial reporting purposes, the total amount of product costs incurred to make 4,800 units is closest to:

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