3:47llDone ASSIGNMENT NO.1 BUSS 104 (1...Question 5:The Information below is taken from production department of Salalah Company for August:The number of units produced is 20000. All amounts are in OMR.Total CostsVariable CostFixed CostDirect material cost800000?Total labor costManufacturing Overhead50000040000110000100000Calculate:A. Find the missing information in the above table. Some values may not be applicable, explain.B. Calculate cost per unitC. Describe the production costs in the equation form Y =f+ vX.D. Assume Salalah intends to produce 30000 units next month. Calculate total production costsfor the monthQuestion 6:Find the missing information for different companiesOutput (units) Fixed Costs Variable Costs Total CostsCost per unitCompany A40007000050000Company B500080000?140000?Company C130000800030000?Company D8000010000020!!!

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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 Mocha Industries for 3 months of the year are as follows: Total Cost Production April $103,180 1,400 units May 107,492 1,960 June 114,268 2,840 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 unit $fill in the blank 1 per unit b. Total fixed costs $fill in the blank 2
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production $86,462 91,068 98,353 April May June 2,460 Units 3,440 4,990 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit b. Using the high-low method, determine the total fixed costs.
Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Total Cost Driven Cost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (a1) Your answer is correct. Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile (a2) eTextbook and Media $ 1.3 Compute the fixed costs using the high-low method for this mixed cost. Total fixed costs +A $ Attempts: 1 of 10 used
The output and production cost of a computer manufacturer for the last four months are as follows: Month Units 8,000 9,600 9,500 9,300 9,300 Мay June 7,900 July August 7,700 7,600 Required: Using the High-Low method, calculate the following: - (а) Variable cost per unit (b) Total fixed cost per unit (c) Total cost that would be incurred in a month for an output of 8,500.
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $106,178 1,820 Units May 111,945 2,550 Units June 120,951 3,690 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places.$fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs.$fill in the blank 2
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Can you please help me fill out the two tables, also please let me know what formulas and rules were used
Sunland Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June (a) Power Cost $28,390 (b) 36,069 32,895 26,235 (c) 23,890 20,700 Your answer is correct. Variable power costs $ Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. eTextbook and Media Your answer is correct. Factory Machine Hours What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Fixed power costs $ eTextbook and Media 15,800 21,400 Total power cost $ 18,700 High 15,100 13,500 What is the estimated fixed power cost each month? 10,500 1.41 5,895 per factory machine hour Low 5,895 If it is estimated that 13,800 factory machine hours will be run in July, what is the expected total power cost for July?
1 A company had the following costs in May when 400 units were produced: materials, $4,200; hourly labor, $1,600; depreciation, $800; rent, $700; and other fixed costs, $500. If the production level changes to 500 units, how much will the total costs be? Enter your answers as amounts only with neither commas nor decimals.

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