Zachary Company's cost and production data for two recent months included the following:Production (units)RentUtilitiesMarch900$1,200$ 800April1,100$1,200$ 978Requireda. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April.b. Identify which cost is variable and which is fixed.

Every organization even if a manufacturing unit or trading company has some predetermined set of…

Zachary Company's cost and production data for two recent months included the following: Production (units) Rent Utilities March April 900 1,100 $1,200 $1,200 $ 800 $ 978 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed.

Zachary Company's cost and production data for two recent months included the following: Production (units) Rent Utilities March April 900 1,100 $1,200 $1,200 $ 800 $ 978 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed.

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

The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $103,180 1,400 units May 107,492 1,960 June 114,268 2,840 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit $fill in the blank 1 per unit b. Total fixed costs $fill in the blank 2
A wholesaler of custom-built air-conditioning units for commercial buildings gathered the following monthly data relating to units shipped and total shipping expense: Units shipped Total shipping expense $2,000 $2,500 $1,900 $2,200 $2,500 $3,030 $1,950 Month 2. January February March 3. April May June 4. 7. July 3 Using the high-low method estimate the cost formula for shipping expenses, calculate the variable shipping expense as well as fixed shipping expense per unit. %24 (All answers are whole numbers - unless specified otherwise. You should NOT include the $ sign or a comma. E.g., you should type 1000 for one thousand. Negative numbers should be added with a minus sign, e.g, -1000 for a decrease or loss of one thousand.) Variable shipping expense = $ per unit. Fixed shipping expense = $ per unit.
s
The output and production cost of a computer manufacturer for the last four months are as follows: Month Units 8,000 9,600 9,500 9,300 9,300 Мay June 7,900 July August 7,700 7,600 Required: Using the High-Low method, calculate the following: - (а) Variable cost per unit (b) Total fixed cost per unit (c) Total cost that would be incurred in a month for an output of 8,500.
1 part A: Determine the machine supplies cost and depreciation for January. 1 part b: Using the high-low method, analyze Metcalf’s plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. 1 part c: Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,400 direct-labor hours are worked.
Sims Company began operations on January 1. Its cost and sales information for this year follow. $ 30 per unit $ 50 per unit $ 30 per unit Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced Units sold Sales price $ 7,700,000 per year $ 11 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Required 1 Required 2 $4,750,000 per year 110,000 units 80,000 units $360 per unit Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing. SIMS COMPANY
Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced 18,720 33,280 37,440 22,880 41,600 39,520 Your answer is incorrect. Total Cost Variable cost per unit $37,440 49,920 57,200 39,520 77,480 64,480 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,817 3,734 February 3,201 4,268 March 3,841 6,402 April 4,801 8,429 May 3,414 5,335 June 4,930 8,536 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs $
The manufacturing costs of Calico Industries for 3 months of the year are as follows: Total Cost Production (units) April $111,100 276,200 May 82,600 163,200 June 106,300 244,600 Using the high-low method, the variable cost per unit and the total fixed costs are Round your intermediate calculations to two decimal places. a.$2.50 per unit and $4,205, respectively b.$4.50 per unit and $4,205, respectively c.$0.25 per unit and $42,050, respectively d.$0.45 per unit and $21,025, respectively
don't give answer in im
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $264,960 1,380 units February 392,730 2,330 March 412,160 3,680 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2
The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $318,060 2,015 units February 357,640 3,850 March 494,760 5,115 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2