Question
In: Accounting
Edent Corporation has provided the following production and average cost data for two levels of monthly...
Edent Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.
| Production volume | 4,300 | units | 5,300 | units | ||
| Direct materials | $ | 78.90 | per unit | $ | 78.90 | per unit |
| Direct labor | $ | 52.20 | per unit | $ | 52.20 | per unit |
| Manufacturing overhead | $ | 77.30 | per unit | $ | 68.30 | per unit |
The best estimate of the total cost to manufacture 5,000 units is closest to: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
a. $1,015,315
b. $977,320
c. $1,026,490
d. $1,008,610
Solutions
Expert Solution
Working as follows:
| Production Volume | 4300 units | 5300 units |
| × | ||
| Manufacturing overhead per unit | $77.30 | $68.30 |
| Total Manufacturing Cost | $332,390 | $361,990 |
Compute variable cost per unit:
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ekkarill92 answered 3 years agoRelated Solutions
Baker Corporation has provided the following production and average cost data for two levels of monthly...
Baker Corporation has provided the following production and
average cost data for two levels of monthly production volume. The
company produces a single product.
Production volume
1,190
units
4,690
units
Direct materials
$
32.80
per unit
$
32.80
per unit
Direct labor
$
42.10
per unit
$
42.10
per unit
Manufacturing overhead
$
67.00
per unit
$
27.00
per unit
The best estimate of the total variable manufacturing cost per unit
is:
$32.80
$13.40
$88.30
$74.90
Antico Corporation has provided the following production and average cost data for two levels of monthly...
Antico Corporation has provided the following production and
average cost data for two levels of monthly production volume. The
company produces a single product.
# of units produced
4,000
5,000
Direct material cost per unit
$3.20
$3.20
Direct labor cost per unit
$4.50
$4.50
Total MOH cost per unit
$9.40
$7.70
Variable S&A per unit
$1.20
$1.20
Fixed S&A per unit
$6.00
$4.80
The best estimate of the fixed element of total monthly
manufacturing cost is (round to the nearest...
Baaca Corporation has provided the following production and total cost data for two levels of monthly...
Baaca Corporation has provided the following production and
total cost data for two levels of monthly production volume. The
company produces a single product.
Production Volume 6000 units 7000 units
Direct Materials $340,200 $396,900
Direct Labor $81,000 $94,500
Manufacturing Overhead $1,003,200 $1,015,000
The estimated total cost to manufacture 6300 units would be:
The controller of Blossom Production has collected the following monthly expense data for analyzing the cost...
The controller of Blossom Production has collected the following
monthly expense data for analyzing the cost behavior of electricity
costs.
Total
Electricity Costs
Total
Machine Hours
January
$2,660
230
February
3,050
330
March
3,520
460
April
4,770
690
May
3,190
420
June
4,960
790
July
4,030
650
August
3,870
590
September
5,040
670
October
4,270
610
November
3,260
330
December
8,460
810
(a)
Determine the fixed- and variable-cost components using the
high-low method.
Fixed-costs
$
Variable-costs
$
eTextbook and Media...
The controller of Blossom Production has collected the following monthly expense data for analyzing the cost...
The controller of Blossom Production has collected the following
monthly expense data for analyzing the cost behavior of electricity
costs.
Total
Electricity Costs
Total
Machine Hours
January
$2,660
230
February
3,050
330
March
3,520
460
April
4,770
690
May
3,190
420
June
4,960
790
July
4,030
650
August
3,870
590
September
5,040
670
October
4,270
610
November
3,260
330
December
6,720
810
What electricity cost does the cost equation estimate for a
level of activity of 790 machine hours?
Electricity...
Cost of Production Report: Average Cost Method Use the average cost method with the following data:...
Cost of Production Report: Average Cost Method
Use the average cost method with the following data:
Work in process, January 1, 7,000 units, 10% completed
$45,080
Materials added during January from Weaving Department, 132,300
units
828,198
Direct labor for January
213,267
Factory overhead for January
167,967
Goods finished during January (includes goods in process,
January 1), 129,500 units
—
Work in process, January 31, 9,800 units, 70% completed
—
Prepare a cost of production report for the Cutting Department
of...
Cost of Production Report: Average Cost Method Use the average cost method with the following data:...
Cost of Production Report: Average Cost Method
Use the average cost method with the following data:
Work in process, January 1, 4,800 units, 90% completed
$45,696
Materials added during January from Weaving Department, 90,700
units
838,975
Direct labor for January
209,953
Factory overhead for January
140,392
Goods finished during January (includes goods in process,
January 1), 88,800 units
—
Work in process, January 31, 6,700 units, 30% completed
—
Prepare a cost of production report for the Cutting Department
of...
Cost of Production Report: Average Cost Method Use the average cost method with the following data:...
Cost of Production Report: Average Cost Method
Use the average cost method with the following data:
Work in process, December 1, 7,400 units, 10% completed
$72,002
Materials added during December from Weaving Department,
139,900 units
1,322,055
Direct labor for December
340,697
Factory overhead for December
269,348
Goods finished during December (includes goods in process,
December 1), 136,900 units
—
Work in process, December 31, 10,400 units, 70% completed
—
Prepare a cost of production report for the Cutting Department
of...
Cost of Production Report: Average Cost Method Use the average cost method with the following data:...
Cost of Production Report: Average Cost Method
Use the average cost method with the following data:
Work in process, December 1, 6,700 units, 70% completed
$52,997
Materials added during December from Weaving Department,
126,600 units
972,288
Direct labor for December
239,818
Factory overhead for December
145,589
Goods finished during December (includes goods in process,
December 1), 123,900 units
—
Work in process, December 31, 9,400 units, 10% completed
—
Prepare a cost of production report for the Cutting Department
of...
Cost of Production Report: Average Cost Method Use the average cost method with the following data:...
Cost of Production Report: Average Cost Method Use the average
cost method with the following data: Work in process, December 1,
5,500 units, 20% completed $40,040 Materials added during December
from Weaving Department, 103,900 units 734,573 Direct labor for
December 187,974 Factory overhead for December 143,141 Goods
finished during December (includes goods in process, December 1),
101,700 units — Work in process, December 31, 7,700 units, 60%
completed — Prepare a cost of production report for the Cutting
Department of...
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