Chapter 7, Problem 7.5E

calculate net income ...?

general accounting

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Cost Machine Hours January $3,080 14,719 February $2,669 10,205 March $2,806 12,138 April $3,573 18,476 A. $2,669 B. $3,032 C. $1,554 D. $1,471

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calculate the unit cost

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what is the unit variable cost ???

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The output of a company's assembly department during the period consists of 32,000 units completed and transferred out, and 18,000 units in ending Work in Process that were 40% complete as to materials and conversion costs. The beginning inventory was 15,000 units that were 20% complete as to materials and conversion costs. Under the weighted-average method, what are the equivalent units of production for materials? a. 39,200 b. 32,000 c. 7,200 d. 41,000