Provide accurate answer this general accounting question The following information relates to a product manufactured by CarterManufacturing:•.•••.Direct Materials Cost per Unit = $15Direct Labor Cost per Unit = $12Variable Overhead per Unit = $9Fixed Overhead per Unit = $10Total Unit Cost = $46Fixed Selling Costs = $1,200,000 per yearVariable Selling Costs = $4 per unit (not applicable for the specialorder)Production Capacity = 600,000 units per yearExpected Production Next Year = 450,000 unitsNormal Selling Price per Unit = $55A customer offers to buy 60,000 units at a price of $40 per unit.The customer will pay transportation costs.

Step 1: Define Relevant Cost AnalysisRelevant cost analysis is a decision-making approach that…

Answered: The following information relates to a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?
Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…
Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 Direct Materials Cost per Unit $ 248.00 $257.00 The direct labor rate is $23.60 per DLH. The direct materials cost per unit for each product is given below: Activity Cost Pools Labor-related Expected Production 1,200 400 Machine setups Order size Direct Labor- Hours Per Unit 2.0 1.0 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Expected Activity Activity Estimated Overhead Measures DLHS setups MHS Total Direct Labor-Hours 2,400 400 2,800 Cost $ 130,500 61,530 962,370 $ 1,154,400 Product E1 Product A7 2,400 1,300 3,300 400 400 3,100 Total 2,800 1,700 6,400 The total overhead applied to Product E1 under…
Hesson, Incorporated, manufactures and sells two products: Product F3 and Product FO. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product F3 Product FØ Total direct labor-hours Product F3 Product F0 Direct Materials Cost per Unit $ 261.40 $187.50 The direct labor rate is $16.30 per DLH. The direct materials cost per unit for each product is given below: Activity Cost Pools Labor-related Machine setups Order size Expected Hours Per Production Unit 300 6.0 200 5.0 Direct Labor- The company is considering adopting an activity-based costing system with the following activity cost pool Activity Measures DLHs setups MHS Total Direct Labor- Hours Estimated Overhead Cost 1,800 1,000 2,800 $ 110,964 33,005 486,720 $630,689 Expected Activity Product F3 Product FØ 1,800 1,000 300 200 3,100 2,900 tivity measures, and expected Total 2,800 500 6,000 The unit product cost of Product F3 under…
Webber fabricating estimated the following solve this question ❓
Perteet Corporation's relevant range of activity is 5,700 units to 11,500 units. When it produces and sells 8,600 units, its average costs per unit are as follows: Average Cost per Unit Direct materlals $7.00 Direct labor $3.55 Varlable manufacturlng overhead $1.50 Flxed manufacturlng overhead $2.50 Flxed selling expense $0.85 Flxed administratlve expense $0.55 Sales commlsslons $0.65 Varlable admlnistrative expense $0.70 If 5,800 units are produced, the total amount of manufacturing overhead cost is closest to:
Vattes, Incorporated, manufactures and sells two products: Product 15 and Product U1. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product 15 Product U1 Direct Labor- Expected Hours Per Production Unit 700 7.0 200 4.0 Activity Cost Pools Labor-related Machine setups Order size Product 15 Product U1 Total direct labor-hours The direct labor rate is $22.00 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 261.60 $ 121.60 Activity Measures DLHS setups MHS The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity, Expected Activity Total Direct Labor- Estimated Overhead Cost $ 268,698 Hours 4,900 800 5,700 37,324 633,895 $939,917 Product 15 Product U1 4,900 300 4,900 800 400 4,800 Total 5,700 700 9,700
6
Ashvin
Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total manufacturing costs are $111000. Total materials costs are $90000. How much is the conversion cost per unit? $15.86. $3.00. $28.71. $12.86.

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