Lillibridge & Friends, Incorporated provides you with the following data for its single product:Sales price per unitFixed costs (per quarter):Selling, general, and administrative (SG&A)Manufacturing overheadVariable costs (per unit):Direct laborDirect materialsManufacturing overheadSG&ANumber of units produced per quartera. Prime cost per unitb. Contribution margin per unitc. Gross margin per unitd. Conversion cost per unite. Variable cost per unitf. Full absorption cost per unitg. Variable production cost per unith. Full cost per unit500,000 units$501,500,0004,500,000Required:Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of unitsis 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter.Note: Round your answers to 2 decimal places.8600,000 units1195500,000 units

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Answered: Number of units produced per quarter…

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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Calculate variable cost per unit. if fixed cost is 50000 OMR Total Variable cost 500000 OMR and the units produced is 25000 Units
3. Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000 units are produced. What are the fixed costs per unit when 12,000 units are produced? PLEASE NOTE: Costs per unit dollar amounts will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67).
If the total cost function is y = 6,300 + 2X, calculate the variable cost for 4,400 units. A. $8,800 B. $6,300 C. $12,600 O D. $15,100 O O
Accounting Question
need last three requirement , answer in text form please (without image)
Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $99 per unit, and fixed manufacturing costs are $215,600. Sales are estimated to be 7,700 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 7,700 units ard a plan to produce 9,800 units? b. How much would variable costing operating income differ between the two production plans? 0 Feedback Check My Work a. Remember that under variable costing, regardless of whether 7,700 units or 9,800 units are manufactured, no fixed manufacturing costs are allocated to the units manufactured. Instead, all fixed manufacturing costs are treated as a period expense. Therefore the change in units times the per unit fixed costs for the greater production level is the difference in income between the two costing methods. b. Remember that since all…
Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12
Please help me with show all Calculation thanku
If the high-low points method is used, the results when compared with those under the method of least squares, are (Variable Cost Per Unit, Total Fixed Costs). the given is a. Equal, Equal b. Higher by P1.26, Lower by P2,850 c. Lower by P1.26, Higher by P2,850 d. Higher by P5 , Lower by P1,500
Question Three: Given the following data for three different locations: Location Fixed Cost Variable Cost / Unit A L.E. 60,000 L.E. 150 B L.E. 120,000 L.E. 90 C L.E. 220,000 L.E. 50 Over what range of production is each location best? For a production of 4000 units, which location is the best?
1) Determine the variable cost per unit and the fixed cost using the high-low method. 2) What is the equation of the total mixed cost function? 3) Based on the High-Low method, what is the total production costs if 6,500 units are produced?4) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.5) 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.) Answer all please and thanks.
Calculate per-unit costs and compare to last year. Are the reduced unit costs for Product A due to scale or scope? Product A last year Product B last year Units Production Cost Marketing Cost 100 50 200 80 2.5 4 Units Production Cost Marketing Cost Product A coming year 150 150 40 Product B coming year 200 80 2 3.2 a. The reduced per unit costs for product A are due to scale b. The reduced per unit costs for product A are due to scope c. We cannot be certain whether the reduced per unit costs for product A are due to scale or scope. d. The reduced per unit costs for product A are due to both scale and scope

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