The Mullin Company manufactures several different products. Unit costs associated with Product 10 are as follows:Direct materials$9232Direct manufacturing laborVariable manufacturing overhead 123226Fixed manufacturing overheadSales commissions (2% of sales)71%Administrative salariesTotal$200What is the percentage of the total variable costs per unit associated with Product 10 with respect to total cost?81%68%84%

VARIABLE COST Variable Cost is a cost that varies with the level of output.Variable costs include…

Answered: The Mullin Company manufactures several…

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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8. Given the following data, calculate product cost per unit under variable costing. Direct labor S7 per unit Direct materials Si per unit Overhead Total variable overhead S20,000 Total fixed overhead S90,000 Expected units to be produced 40,000 units A. S8 per unit B. S8.50 per unit C. S10.25 per unit D. $10.75 per unit E. $12 per unit
My company’s relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 8.70 Direct labor $ 5.70 Variable manufacturing overhead $ 3.20 Fixed manufacturing overhead $ 6.70 Fixed selling expense $ 5.20 Fixed administrative expense $ 4.20 Sales commissions $ 2.70 Variable administrative expense $ 2.20 For financial accounting purposes, what is the total product cost incurred to make 29,000 units? For financial accounting purposes, what is the total period cost incurred to sell 27,000 units?
Doom Bhd manufactures and sells a single product. Cost data for the product are givenbelow:Variable costs per unit:Direct materials RM 7Direct labour RM 10Variable manufacturing overhead RM 5Variable selling and administrative overhead RM 3Total variable cost per unit RM 25Fixed costs per month:Fixed manufacturing overhead RM315,000Fixed selling and administrative overhead RM245,000RM560,000The product sells for RM60 per unit. Production and sales data for July and August, that is,the first two months of operations, follow:Units produced Units soldJuly 17,500 15,000August 17,500 20,000The company’s Accounting Department has prepared an absorption costing income statementfor July and August as presented below:July AugustSales RM 900,000 RM 1,200,000(-) Cost of goods sold (RM 600,000) (RM 800,000)Gross margin RM 300,000 RM 400,000(-) Selling and administrative expenses (RM290,000) (RM 305,000)Net operating income RM10,000 RM 95,000As a cost accountant, you would like to suggest that the…
What is the unit product cost under variable costing?
karan subject-Accounting
None
Haresh
Using this information from Planters, Inc., what is the cost per unit under variable costing? Round to the nearest penny, two decimal places. Planters, Inc data Cost Production Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Amount 11,808 units $231 271 105 1,150,457
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Amount per Unit $ 7.60 $ 4.60 $ 2.10 $ 5.60 $ 4.10 $ 3.10 $ 1.60 $ 1.10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. If 15,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 19,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 15,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 19,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 15,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 19,000 units are produced,…
Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense $6.55 $3.45 $1.45 $3.80 $1.40 $0.95 $1.35 $0.85 Sales commissions Variable administrative expense If 7,300 units are sold, the variable cost per unit sold is closest to:
The following variable production costs apply to goods made by Zachary Manufacturing Corporation: Cost per unit $ 9.00 Item Materials Labor Variable overhead 2.50 0.75 Total $12.25 Required Determine the total variable production cost, assuming that Zachary makes 6.000, 16,000, or 26,000 units. Units Produced 6,000 16,000 26,000 Total variable cost
Amman company has the following of the unit costs associated with one of its products, Product A, are as follows: Direct materials $110 Direct manufacturing labor 90 Variable manufacturing overhead 45 Fixed manufacturing overhead 33 Sales commissions (2% of sales) 10 Administrative salaries 28 Total S316 What are the direct variable manufacturing costs per unit associated with Product A? 288 200 245 255

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