According to following information, which of the following is the total cost function in theform of Y = F+V*X? Number of units produced is 18,000.FixedVariable TotalCostCostCostsMaterial used in Production88,000 40,000 128,000Labour used in Production42,00038,50080,500Production Facilities cost37,000167,000 108,000 275,00029,50066,500TOTAL COSTSelect one:O a. Y = 275,000+V*108O b. Y = 167,000+V*18O CY = 167,000+V*6,O d.Y = 108,000+V*275e to searchF10DGy H iBY NT M

The cost function is represented by "Y = F + V * X", where, Y = Total costs F = Fixed costs X =…

Answered: total cost function

Business

Accounting

total cost function

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2DQ: Which of the following costs would be classified as variable and which would be classified as fixed,...

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According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 46,000. Fixed Variable Total Cost Cost Costs Material used in Production Labour used in Production Production Facilities cost 92,000 48,000 0006 179,000 230,000 409,000 105,000 85,000 133,000 40,000 197,000 79,000 TOTAL COST Select one: O a. Y = 179,000+V*5 O b. Y = 230,000+V*5 %3D Oc. Y = 409,000+V O d. Y = 179,000+V*23
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced is 18,000. Fixed Variable Cost Cost Material used in Production 88,000 40,000 Labour used in Production 42,000 38,500 Production Facilities cost 37,000 29,500 TOTAL COST 167,000 108,0OC Select one: • a. Y = 167,000+V*6 Ob. Y 167,000+V*18 c. Y = 275,000+V*108 O d. Y = 108,000+V*275
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 16500. Fixed Cost Variable Cost Total Costs Material used in Production 87,000 57,000 144,000 Labour used in Production 60,000 59,500 119,500 Production Facilities cost 55,000 48,500 102,500 TOTAL COST 202,000 165,000 367,000 Select one: a. Y = 367,000+V*10 b. Y = 202,000+V*16.5 c. Y = 202,000+V*10 d. Y = 367,000+V*16.5
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced %3D is 18,000. Fixed Variable Cost Cost Material used in Production 88,000 40,000 Labour used in Production 42,000 38,500 Production Facilities cost 37,000 29,500 TOTAL COST 167,000 108,000 Select one: • a. Y = 167,000+V*6 %3D b. Y = 167,000+V*18 c. Y = 275,000+V*108 d. Y 108,000+V*275 %3D
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 16500. %3D
For each of the following independent cases (A to E), compute the missing values in the table: Case B C D E Prime Conversion Cost Cost $ 9,450 $ 16,420 $ 56,200 110,700 49,250 Direct Materials 4,070 10,150 41,800 19,600 Direct Manufacturing Labor Overhead BIM $ 7,440 11,350 13,600 11,040 24,800 23,900 Total Manufacturing Cost 42,390 68,850 56,600
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For each of the following independent cases (A through E), compute the missing values in the table: Total Manufacturing Cost Case A B CDE Prime Cost 6,880 11,680 Conversion Cost 11,570 8,050 20,670 Direct Materials $ 2,040 2,200 1,450 3,490 $ Direct Manufacturing Labor Overhead 1,100 S 3,070 2,020 3,520 6,890 3,000 9,500 5,970
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Consider the information below for a company whose products goes through two processes; material cost of GHC100000 for a quantity of 10000kg, labour cost- GHC50000 and overhead cost as twice the cost of labour. The company expected an output of 9500kg from process 1 but eventually obtained 9400kg. What value should the output be transferred to process 2? OA. GHC36 O B. GHC26 OC. GHC16 D. GHC27
Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $4,820 2 4, 120 3 4 5 6 7 8 9 10 720 1, 120 1,520 1,920 2,320 2,720 3,120 3,520 3,920 4,520 5,120 4,220 4,420 8,920 16,320 Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs 5, 120 14, 228 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 4,050 units are produced. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the lowest volume Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs (2) Estimated cost if 4,050 units are produced: Estimated total cost 0
For each of the following independent cases (A to E), compute the missing values in the table: Case 4 B ola C D E Prime Cost $ 9,520 17,540 55,500 32,450 32,600 Conversion Cost $ Answer is complete but not entirely correct. Direct Labor 110,000 48,350 37,200 Direct Materials 16,440 32,190 * 10,000 $ 4,070 $ 5,510 7,340 42,400 13,100 20,400 11,750 18,800 13,100 Manufacturing Overhead S Total Manufacturing Cost 10,990 s 25,100 98,200 35,500 24,100 20,370 42,440 154 68,750 56,400