Given the solution and general accounting question The GreenLeaf, Inc., manufactures electric lawnmowers. Based on pastexperience, GreenLeaf has found that its total annual overhead costs can berepresented by the following formula: Overhead cost = $378,000 + $2.45X,where X equals number of lawnmowers. Last year, GreenLeaf produced15,000 lawnmowers. Actual overhead costs for the year were as expected.What is the fixed overhead cost per unit? (Round the answers to the nearestcent. Use those figures in subsequent computations, if necessary.)

Step 1: Definition of Fixed Overhead Cost per UnitThe fixed overhead cost per unit refers to the…

Answered: The GreenLeaf, Inc., manufactures…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter2: Building Blocks Of Managerial Accounting

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Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $1.89 per unit, and the variable labor cost is $3.4 per unit. a. What is the variable cost per unit? b. Suppose the company incurs fixed costs of $790,000 during a year in which total production is 355,500 units. What are the total costs for the year? c. If the selling price is $10.2 per unit, what is the NSI break-even on a cash basis?
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Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $16.00 per unit, and the variable labor cost is $7.30 per unit. a. What is the variable cost per unit? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the company incurs fixed costs of $860,000 during a year in which total production is 380,000 units. What are the total costs for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. If the selling price is $49.50 per unit, what is the cash break-even point? If depreciation is $660,000 per year, what is the accounting break-even point? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
What are the estimated direct labour costs?
ost Behavior\\n\\nFresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $503,230 + $1.33X, where X equals number of snowboards. Last year, Fresh Powder produced 18,200 snowboards. Actual overhead costs for the year were as expected.\\n\\nRequired:\\n\\n1. What is the driver for the overhead activity?\\n\\nNumber of snowboards\\n\\nFor questions 2-4, Enter the final answers rounded to the nearest dollar.\\n\\n2. What is the total overhead cost incurred by Fresh Powder last year?\\n\\n$fill in the blank 2\\n527,436\\n3. What is the total fixed overhead cost incurred by Fresh Powder last year?\\n\\n$fill in the blank 3\\n503,230\\n4. What is the total variable overhead cost incurred by Fresh Powder last year?\\n\\n$fill in the blank 4\\n1\\nFor questions 5-7, round your answers to the nearest cent. Use those rounded figures in subsequent computations,…
Night Shades, Incorporated, manufactures biotech sunglasses. The variable materials cost is $12.14 per unit, and the variable labor cost is $6.89 per unit. a. What is the variable cost per unit? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the company incurs fixed costs of $845,000 during a year in which total production is 210,000 units. What are the total costs for the year? (Do not round intermediate calculations.) c. If the selling price is $49.99 per unit, does the company break even on a cash basis? If depreciation is $450,000 per year, what is the accounting break-even point? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Variable cost b. Total cost units c. Cash break-even point units c. Accounting break-even point
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Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $34.30 per hour. When activity jumped to 27,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $27.30. On the basis of this information, the variable cost per machine hour was (Round your final answer to 2 decimal places): On the basis of this information, the fixed cost was (Round your Intermedlate calculatlons to 2 declmal places final answer to nearest dollar amount): On the basis of this information, what were total maintenance costs when the company experienced 25,000 machine hours? (Round your Intermedlate calculatlons to 2 declmal places final answer to nearest dollar amount.)
Harnow Company manufactures drill presses. Based on past experience, Harnow has found that its total overhead cost can be represented by the following formula: Total overhead cost = $35,500+ $1.25x, where x = number of machine hours. Last year, Harnow incurred 120,000 machine hours. Required: Enter all amounts as positive numbers. Round to the nearest cent. A. What was the total overhead cost incurred by Harnow last year? $ B. What was the total variable overhead cost incurred by Harnow last year? $ C. What was the total overhead cost per machine hour last year? Round the answer to two decimal places. $ D. What was the fixed overhead cost per machine hour last year? Round the answer to two decimal places. E. If Harnow incurs 140,000 machine hours next year, what will be the total overhead cost per machine hour? Round the answer to two decimal places.

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