The following transactions were recorded for the years 2016 to 2020: Year Spare parts (units) Total cost (K) 2016 1,000 120,000 2017 1,600 240,000 2018 2,200 473,000 2019 2,000 480,000 2020 2,500 520,000 Required: Calculate the total cost in the year 2021 assuming that APEL had 2,175 units. Describe (Four) different cost behaviours.

The following transactions were recorded for the years 2016 to 2020: Year Spare parts (units) Total cost (K) 2016 1,000 120,000 2017 1,600 240,000 2018 2,200 473,000 2019 2,000 480,000 2020 2,500 520,000 Required: Calculate the total cost in the year 2021 assuming that APEL had 2,175 units. Describe (Four) different cost behaviours.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

3) Prepare CVP income statements. Olsen Company has the following information available for September 2019. Unit selling price of video game consoles $ 400 Unit variable costs 2$ 275 Total fixed costs $52,000 Units sold 600 Instructions (a) Compute the contribution margin per unit. (b) Prepare a CVP income statement that shows both total and per unit amounts.
a) Compute the selling price per unit in 2019, using the equation method. b) Given the sales of 3,000 units and the selling price calculated in (a), prepare a contribution marginincome statement for the year ended December 31, 2019, detailing the components of total fixed costsand clearly showing contribution and net income. c) Calculate Benoit’s break-even point in units and in sales dollars.
The following activity and cost data that were provided by Hoist Corporation would help in estimating its future maintenance costs: Units Maintenance cost P1,350 7 P1,590 11 P1,920 15 P2,100 Using the least squares regression method to estimates the cost formula, the expected total cost for an activity level of 10 units would be closest to:
The following information is related to product A: in 2015, variable cost was Rs 200 per unit and fixed cost was Rs 40 per unit. Production was 1,20,000 units. It is expected that production in 2016 will increase to 1,60,000 units. The variable cost will increase by 25% and fixed cost by 10% in 2016. The amount of fixed cost in 2016 will be- a. Rs 52,80,000 b. Rs 70,40,000 c. Rs 64,00,000 d. Rs 48,00,000
1. If the company uses absorption costing ,variable costing and super-variable costing What is the product cost per unit for 2020? . What is the 2020 net operating income? Please answer all the three methods
E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to calculate the economic order quantity: Case A Case B Case C Annual requirement (in units) 13230 1681 560 Incremental cost per order $250 $40 $10 Annual carrying cost per unit $6 $20
A.Prepare Statement of Income and Expenses with a marginal contribution approach. Empresas La Torre presents the following information for the year ended December 31, 2020: Product Costs: Direct materials (Variables) $ 50.00 per unit Direct Labor (Variable) $ 20.00 per hour Variable Indirect Costs $ 10.00 per hour Total Fixed Indirect Costs $ 250,000 Period Expenses Seller Commissions $ 20.00 per unit Variable Administrative Expenses $ 30.00 per unit Total Fixed Administrative Expenses $ 150,000 The company sells solar batteries at $ 200.00 per unit. Making each battery takes 2 hours of direct labor. The company taxes its income at 40%. If the Company sells 10,000 units, prepare a statement of income and expenses using the marginal contribution approach.
Required information [The following information applies to the questions displayed below] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): $ 10,000 5,500 4,500 2,250 Sales Variable expenses Contribution margin Fixed expenses Net operating income 2,250 2. What is the contribution margin ratio? Contribution margin ratio
Please calculate the Economic Order Quantity under the following scenario: Annual demand= 80,000, Order cost = 31, Product unit cost = 20 and Holding cost = 4 (or 20% of Product unit cost)
In using FIFO method, Richer Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Richer Company presented the following costs on three processes: *see image attached* 1. What is the amount of cost of goods manufactured? a. P226,926.61 b. P234,541.61 c. P240,072.00 d. None of the above 2. What is the total units to account for (TUTAF) in Department 1? a. 16,000 b. 15,100 c. 15,000 d. 15,700
Townhall Corp. has provided the following data for its utility cost: Prior Current Year Year 8,000 10,000 Machine hours Utility cost $26,600 $31,000 Utility cost is a mixed cost with variable and fixed components. The fixed and variable components of utility cost are closest to: (Round your intermediate calculations to 2 decimal places.) A