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The following data apply to the provision of psychological testing services: Sales price per unit (1 unit 1 test plus feedback to client) Fixed costs (per month); Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test); Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month a. Variable production cost per unit. b. Variable cost per unit c Full cost per unit. d. Full absorption cost per unit $ 340 18,000 25,000 2,000 Tests 1,250 Tests 160 21 Required: Calculate the amount for each of the following (one unit-one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 6 10 14 2,000 tests

The following data apply to the provision of psychological testing services: Sales price per unit (1 unit 1 test plus feedback to client) Fixed costs (per month); Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test); Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month a. Variable production cost per unit. b. Variable cost per unit c Full cost per unit. d. Full absorption cost per unit $ 340 18,000 25,000 2,000 Tests 1,250 Tests 160 21 Required: Calculate the amount for each of the following (one unit-one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 6 10 14 2,000 tests

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following data apply to the provision of psychological testing services: Sales price per unit (1 unit 1 test plus feedback to client) Fixed costs (per month) Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month; a. Variable production cost per unit. b. Variable cost per unit. f. C Full cost per unit. d. e. Required: Calculate the amount for each of the following (one unit - one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 9 h Full absorption cost per unit Prime cost per unit Conversion cost per unit. Contribution margin per unit. Gross margin per unit 340 18,000 25,000 2,000 Tests 1,250 Tests 160 21 6 10 14 2,000 tests
Transcribed Image Text:The following data apply to the provision of psychological testing services: Sales price per unit (1 unit 1 test plus feedback to client) Fixed costs (per month) Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month; a. Variable production cost per unit. b. Variable cost per unit. f. C Full cost per unit. d. e. Required: Calculate the amount for each of the following (one unit - one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 9 h Full absorption cost per unit Prime cost per unit Conversion cost per unit. Contribution margin per unit. Gross margin per unit 340 18,000 25,000 2,000 Tests 1,250 Tests 160 21 6 10 14 2,000 tests
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