Total costs were $95,200 when 25,000 units were produced and $112,700 when 32,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 28,000 units.
Q: Anticipated unit sales are January
A: Concept of Finished Goods Inventory Policy:This concept refers to the practice of maintaining a…
Q: A parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is…
A: To analyze the effect of the sale on the seller's accounting equation, we need to determine how the…
Q: Solve the problem
A: Concept of Net Income: Net income, also known as the bottom line, is the total profit a company…
Q: ANSWER
A: The learning curve concept is a critical principle in operations management and production…
Q: help me with this
A: Opportunity cost is:The benefit foregone from the next best alternativeOpportunity cost is the value…
Q: Mendenhall Corp constructed a building at a cost of 14,000,000. Weighted average accumulated…
A: Step 1: Depreciable amount Depreciable amount = Purchase price + Interest* *Lower between the actual…
Q: Answer this without using Chatgtp or AI
A: Concept of Average Age of InventoryThe average age of inventory refers to the average number of days…
Q: Financial accounting problem
A: Explanation of Net Profit Margin: Net profit margin is a financial ratio that measures how much net…
Q: Financial Account
A: The correct answer is:A) Costs used as a budget for a single unit of product Explanation of Each…
Q: Please solve this question
A: To calculate the return on common equity (ROCE), we use the formula: ROCE = Net Income (Earnings) /…
Q: Ans
A: The question requires the determination of the ROE. Return on equity (ROE) is a measure of a…
Q: Company B had an estimated 230,000 direct labor hours, $486,000 manufacturing overhead, and 27,000…
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a cost allocation tool…
Q: Tag. General Account
A: To determine total liabilities and stockholders' equity, we use the accounting equation:…
Q: Answer? ? Financial accounting question
A: Step 1: Define Dividend PayoutEarnings paid out of earnings per share representing net income are…
Q: Quick answer of this accounting questions
A: Step 1: Analysis of information givenNet income = $240,000Sales = $2,000,000Average assets =…
Q: Sanchez Company's output for the current period was assigned a $350,000 standard direct materials…
A: Explanation of Standard Direct Materials Cost: Standard direct materials cost represents the…
Q: Please provide answer this financial accounting question
A: To determine the pension expense for 2022, we use the following formula: Pension Expense…
Q: Explain the concept of interim financial reporting. What are the requirements for companies that…
A: Definition of Interim Financial ReportingInterim financial reporting refers to the preparation and…
Q: Financial Accounting
A: Net Sales:Net sales is calculated as follows:Net Sales = Sales − Sales Discounts − Sales…
Q: The primary purpose for carrying on cost Accounting activities is: A. To set asset values. B. To…
A: The correct answer is:C. To plan operation. Explanation:The primary purpose of cost accounting is…
Q: If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order…
A: Step 1:The annual ordering cost is calculated by multiplying the number of orders per year by the…
Q: The learning curve concept suggest
A: (a) Costs increase with production:This option implies that total costs will grow as manufacturing…
Q: 1. Lazuli Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and…
A: Step 1: Introduction to ABC CostingABC costing, or activity-based costing, is a cost accounting…
Q: General accounting question
A: Step 1: Information provided in the questionDebt-equity ratio = 0.85Return on assets = 9.2%Total…
Q: The return on equity???
A: Step 1: Write the formula for ROEStep 2: Express the debt-to-equity ratioStep 3: Rearrange the…
Q: Provide Answer
A: Concept of Bonds Payable: Bonds payable represent a long-term liability issued by a company to raise…
Q: General Accounting question
A: Calculation of the Standard Cost Per Unit:Standard Cost per Unit=Total Estimated Costs/Estimated…
Q: given correct answer of this General accounting question
A: Step 1: Definition of Operating Leverage FactorThe Operating Leverage Factor measures how sensitive…
Q: I want to this question answer general Accounting
A: Step 1: DefinitionsLabor Rate Variance (LRV):The labor rate variance measures the difference between…
Q: ??
A: To calculate the gross profit rate, we use the following formula:Gross Profit Rate=(Gross Profit /…
Q: Kindly help with this question answer general Accounting
A: Explanation: The price of stock is calculated using the Gordon Growth model. As per Gordon Growth…
Q: Provide answer
A: The learning curve concept basically suggests that as the workers, and the firm, gain experience in…
Q: Need help this question
A: To calculate the Free Cash Flow to the Firm (FCFF), we use the following formula: FCFF=EBIT×(1−Tax…
Q: Patterson Brothers recently reported an EBITDA of $8.8 million and a net income of $2.4 million. It…
A: Given:EBITDA = 8.8 millionNet income = 2.4 millionInterest expense = 2 millionTax rate = 45% To find…
Q: Allowance for doubtful accounts has an unadulterated balance of this solve question general…
A: Step 1: Define Allowance for Doubtful AccountsThe allowance for doubtful accounts records the…
Q: Allocotade corporate overhead:90000
A: Segment contribution margin = Segment sales revenue - Segment variable costs Segment variable costs…
Q: Answer this financial accounting question
A: Explanation of Dividend per Share (DPS):Dividend per share (DPS) refers to the amount of money a…
Q: ??
A: Explanation of Fixed Assets: These are long-term tangible assets like buildings, equipment, and land…
Q: Expert need your advice
A: Explanation of Adjusted Basis: Adjusted basis is the original cost of an asset modified by certain…
Q: Financial Accounting
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that measures the…
Q: What is the amount of the gain or loss on this transaction for this general accounting question?
A: Step 1: Define Gain or LossA gain or loss on the sale of an asset is the difference between the sale…
Q: Quick answer of this accounting questions
A: Step 1: Formula to Calculate PurchasesTo find the cost of merchandise purchased during the year, we…
Q: What is the opereting cash now for this project? General accounting
A: Option A: $3,300 : IncorrectReason: This option is too low. It does not take the full EBDT (20,000)…
Q: A company has recently experienced a significant increase in its employee turnover rate. Discuss the…
A: 1. **Income Statement**: - **Increased Recruitment Costs**: Expenses related to advertising job…
Q: Answer this
A: Explanation of COGS (Cost of Goods Sold): COGS represents the direct costs attributable to the…
Q: Financial accounting question
A: We used the Future Value of an Ordinary Annuity formula because Hal is making regular, end-of-year…
Q: What is the project's profitability Index of this financial accounting question?
A: Step 1: Define Profitability Index (PI)The Profitability Index (PI) measures the relative…
Q: 4 POINTS
A: Explanation of Fixed Manufacturing Costs: Fixed manufacturing costs are expenses that remain…
Q: What is the amount of sales that will be necessary to earn the desired profit
A: Step 1: Calculation of desired total contribution marginTotal fixed cost = $60,000Target profit =…
Q: General Accounting
A: Step 1: Define Relevant Costs for Special OrdersRelevant costs for special orders are the…
need help with this accounting question
Step by step
Solved in 2 steps
- Find estimated total costs for production level...Bell Corporation reports that at an activity level of 8,700 units, its total variable cost is $653,109, and its total fixed cost is $658,416. Use 8,800 units and Calculate the following: the total variable cost, the total fixed cost, the total cost, the average variable cost per unit, the average fixed cost per unit, and the average total cost per unit.Sierra Company produces its product at a total cost of $120 per unit. Of this amount, $40 per unit is selling and administrative costs. The total variable cost is $96 per unit, and the desired profit is $24.00 per unit. Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost b. Product cost c. Variable cost % % %
- If the total maintenance cost of the lowest month is RM1,500 and the variable cost per unit is RM1.25 with 300 units produced, what is the total maintenance cost for 600 units. (find the fixed portion of the mixed cost using the high-low method)Net income under variable costing is P 30,000. Data shows: the total manufacturing cost per unit is P 20; total variable cost per unit is P 15 per unit and variable period cost is P 3 per unit. Beginning and ending inventories are 1,000 units and 1,500 units, respectively. What is the income under absorption costing?Bell Corporation reports that at an activity level of 8,700 units, its total variable cost is $653,109, and its total fixed cost is $658,416. USE 8,800 units and Calculate the below: please show me calulations so I can understand how achieved. the total variable cost, the total fixed cost, the total cost, the average variable cost per unit, the average fixed cost per unit, and the average total cost per unit.
- Data for the highest and lowest levels of production for Evans Company indicate that 50,000 units were manufactured at a total cost of $550,000 and 20,000 units at a cost of $250,000. Using the high-low method of cost estimation, what is the total fixed cost? Group of answer choices $50,000 $100,000 $300,000Current production volume = 20,000 units. However, theoretical capacity 25,000 units, the company is using the current production volume as practical capacity. Furthermore, practical capacity serves as the denominator volume cost estimation, Consider the following costs: Direct material: $240,000, direct labor: $160,000, variable overhead: $5.00 per unit. Traceable fixed overhead: $6,00 per unit, and allocated fixed overhead: $20,000. Compute per unit average cost of production. O $11.00 O $20.00 $32.80 O None of the above are correctA company expects to manufacture 7,000 units. Its direct material costs are $10 per unit, direct labor is $9 per unit, and variable overhead is $3 per unit. The fixed overhead is estimated at $49,000. How much would each unit cost under both the variable method and the absorption method?
- Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 60,000 $19,200,000 69,000 20,010,000 90,000 24,090,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 86,000 units of production. Total cost for 86,000 units $fill in the blank 3Within a relevant range of 10,000 units - 50,000 units, consider the following information: At a volume of 20,000 units, fixed expenses per unit = $12.50. At a volume of 25,000 units, average cost = $18.00 per unit. Compute average cost per unit at a volume = 40,000Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,315 and that the marginal cost at this production level is C'(200) = 14 dollars per unit made. Use this information to estimate the total cost C(205). Enter the exact integer value of your cost estimate such as 9823 or 12376 for example.