Financial & Managerial Accounting
14th Edition
ISBN: 9781337119207
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Question
Chapter 19, Problem 19.6EX
To determine
Variable costs: These are the costs that proportionately change with the changes in the activity base such as units of production Common examples of variable costs are direct materials and direct labor costs.
Fixed Costs: These are the costs that remain constant in total dollar amount irrespective to the changes in the activity base such as units of production. Common examples of fixed
To complete: the cost schedule by identifying each cost by the appropriate letter (A) through (O).
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FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 72,000 to 114,000 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
produce a solution
Components produced
72,000
91,200
114,000
Total costs:
Total variable costs
$24,480
(d)
(j)
Total fixed costs
27,360
(e)
(k)
Total costs
$51,840
(f)
(l)
Cost per unit:
Variable cost per unit
(a)
(g)
(m)
Fixed cost per unit
(b)
(h)
(n)
Total cost per unit
(c)
(i)
(o)
Complete the cost schedule below. Round costs per unit to the nearest cent.
Cost Schedule
Components produced
72,000
91,200
114,000
Total costs:
Total variable costs
$24,480
$fill in the blank 1
$fill in the blank 2
Total fixed costs…
FirstClass Gaming Inc. manufactures components for computer games within a relevant range of 100,800 to 165,600 components per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced
100,800
128,800
165,600
Total costs:
Total variable costs
$41,328
(d)
(j)
Total fixed costs
46,368
(e)
(k)
Total costs
$87,696
(f)
(l)
Cost per unit:
Variable cost per unit
(a)
(g)
(m)
Fixed cost per unit
(b)
(h)
(n)
Total cost per unit
(c)
(i)
(o)
Complete the cost schedule below. Round costs per unit to the nearest cent.
Cost Schedule
Components produced
100,800
128,800
165,600
Total costs:
Total variable costs
$41,328
$fill in the blank 1
$fill in the blank 2
Total fixed costs
46,368
fill…
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced
61,600
79,200
100,800
Total costs:
Total variable costs . . . . . . . . .
$19,712
(d)
(j)
Total fixed costs . . . . . . . . . . . .
22,176
(e)
(k)
Total costs . . . . . . . . . . . . . . . . .
$41,888
(f)
(l)
Cost per unit:
Variable cost per unit . . . . . . .
(a)
(g)
(m)
Fixed cost per unit . . . . . . . . . .
(b)
(h)
(n)
Total cost per unit . . . . . . . . . .
(c)
(i)
(o)
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Chapter 19 Solutions
Financial & Managerial Accounting
Ch. 19 - Describe how total variable costs and unit...Ch. 19 - Which of the following costs would be classified...Ch. 19 - Describe how total fixed costs and unit fixed...Ch. 19 - In applying the high-low method of cost estimation...Ch. 19 - If fixed costs increase, what would be the impact...Ch. 19 - Prob. 6DQCh. 19 - If the unit cost of direct materials is decreased,...Ch. 19 - Both Austin Company and Hill Company had the same...Ch. 19 - Prob. 9DQCh. 19 - Prob. 10DQ
Ch. 19 - High-low method The manufacturing costs of...Ch. 19 - Contribution margin Lanning Company sells 160,000...Ch. 19 - Prob. 19.3BECh. 19 - Prob. 19.4BECh. 19 - Prob. 19.5BECh. 19 - Prob. 19.6BECh. 19 - Margin of safety Liu Company has sales of...Ch. 19 - Classify costs Following is a list of various...Ch. 19 - Identify cost graphs The following cost graphs...Ch. 19 - Prob. 19.3EXCh. 19 - Identify activity bases From the following list of...Ch. 19 - Identify fixed and variable costs Intuit Inc....Ch. 19 - Prob. 19.6EXCh. 19 - High-low method Ziegler Inc. has decided to use...Ch. 19 - High-low method for a service company Boston...Ch. 19 - Contribution margin ratio A. Young Company budgets...Ch. 19 - Contribution margin and contribution margin ratio...Ch. 19 - Prob. 19.11EXCh. 19 - Prob. 19.12EXCh. 19 - Break-even sales Currently, the unit selling price...Ch. 19 - Prob. 19.14EXCh. 19 - Prob. 19.15EXCh. 19 - Break even analysis for a service company Sprint...Ch. 19 - Prob. 19.17EXCh. 19 - Prob. 19.18EXCh. 19 - Prob. 19.19EXCh. 19 - Prob. 19.20EXCh. 19 - Prob. 19.21EXCh. 19 - Break-even sales and sales mix for a service...Ch. 19 - Margin of safety A. If Canace Company, with a...Ch. 19 - Prob. 19.24EXCh. 19 - Operating leverage Beck Inc. and Bryant Inc. have...Ch. 19 - Classify costs Seymour Clothing Co. manufactures a...Ch. 19 - Break-even sales under present and proposed...Ch. 19 - Prob. 19.3APRCh. 19 - Prob. 19.4APRCh. 19 - Prob. 19.5APRCh. 19 - Contribution margin, break even sales,...Ch. 19 - Classify costs Cromwell Furniture Company...Ch. 19 - Prob. 19.2BPRCh. 19 - Break even sales and cost-volume-profit chart For...Ch. 19 - Prob. 19.4BPRCh. 19 - Sales mix and break even sales Data related to the...Ch. 19 - Prob. 19.6BPRCh. 19 - Prob. 1ADMCh. 19 - Break-even subscribers for a video service Star...Ch. 19 - Prob. 3ADMCh. 19 - Prob. 19.1TIFCh. 19 - Prob. 19.3TIF
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