The total cost per equivalent unit during February was _____ (round-off to 2 decimal places) NUBD Company manufadures a product in Departments A and B. Materials are added at thebeginning of the process in Departm ent B. NUBD uses the weighted-average method in its processcosting system. Conversion costs for Department B were 50% complete with respect to the 6,000units in the beginning work in process and 75% com plete with respect to the 8,000 units in theending work in process. A total of 12,000 units were com pleted and transferred out of DepartmentB during February. An analysis ofthe costs in Department B for February follows:TransferredInP12,000P29,000Materials ConversionWork in process, February 1.Costs added during February.P2,500P5,500P1,000P5,000

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Answered: NUBD Company manufadures a product in…

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 manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $120,600 280,200 May 91,100 166,500 June 104,000 237,900 Using the high-low method, the variable cost per unit and the total fixed costs are
The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production cost Lev)el of Activity (Units produce July $230,000 3,500 August 250,000 3,750 Septemer 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method.
Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 65,000 to 105,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 95,000 units during the year at a selling price of $9.36 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Total cost Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit $ $ $ 65,000 Units Produced and Sold 85,000 214,500 430,000 644,500 $ 0.00 $ 43,000 43,000 $ 0.00 $ 105,000 43,000 43,000 0.00
Tenta Inks Company has compiled the following data for the last five months of operations: Month Labor Hours Cost of Sales August 160 ₱ 617 September 130 ₱553 October 180 ₱596 November 190 ₱725 December 110 532 Applying the HIGH-LOW METHOD, derive the cost equation. _____________________.
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $111,400 276,800 May 84,900 168,600 June 102,200 230,700 Using the high-low method, the variable cost per unit and the total fixed costs are
17. The following information is available for electricity costs for the last six months of the year: Month Volume Costs July 2,800 4.400 August 5,600 10,800 September 6,400 11,400 October 3.500 7,800 November 2,400 4,800 December 4,200 8,100 Using the high-low method, what is the fixed costs?
Robin Inc. provides the following manufacturing costs for the Third quarter of the year in the table below. Manufacturing Costs for the Third Quarter Months Production in Units Total Costs July 3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the variable costs per unit. (Round intermediate calculations and your final answer to two decimal places.) Group of answer choices $14.37 $13.07 $7.25 $15.67
The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity (Units Produced) July $ 230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 Required: Determine the variable cost per unit and the fixed cost using the high-low method. What is the equation of the total mixed cost function? Prepare the scatter diagram, clearly showing any outliers Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units. In view of the department’s cost behaviour pattern, which of the two methods appear more appropriate?…
Robin Inc. shows the following manufacturing costs for the Third quarter of the year: Production Total in Units Costs July 3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the total fixed costs. (Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.) $39,875 $27,550 $39,875 $32,000
The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost ProductionApril $58,354 1,870 units May $61,504 2,620 June $66,460 3,800 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unitb. Total fixed costs
The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $112,700 275,900 May 91,900 163,500 June 108,700 247,900 Using the high-low method, the variable cost per unit and the total fixed costs are
If 500 units were one-fourth completed at May 31, 5,500 units were completed during May, and the first-in, first-out method is used, what was the number of equivalent units of production with respect to conversion costs for May? a. 4,875 b. 4,500 c. 5,625 d. 5,500 2. What is the conversion cost per equivalent unit? a. $10 b. $25 c. $32 d. $15

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