1: given the following information: Costs: direct Total cost materials Conversion Beginning Inventory $ 9,400 $ 9,000 $ 400 Costs added: 20,000 15,000 5,000 Total cost $ 29,400 $24,000 $ 5,400 Percent Complete Materials Conversion Units transferred out: 1,000 units Ending inventory 200 units 100% 40% 1,200 units • Calculate the equivalent units with respect to direct materials and with respect to conversion costs under weighted average process costing. • Calculate the total cost assigned to the 1,000 units transferred out.

2: The Winston Company uses weighted average process costing. The following is an incomplete statement of cost of goods manufactured: Beginning inventory $ 2,700 Cost incurred: Direct materials $ 5,100 Direct Labor 6,100 Applied Overhead 12,200 $23,400 $26,100 Less: Ending inventory ? Cost of goods manufactured ? The $2,700 cost of beginning inventory included $400 of direct material charges and $2,300 of conversion cost charges. During the period, 100 units were transferred out. The ending work-in-process inventory consists of 10 units that are 100% complete with respect to direct materials and 30% complete with respect to conversion activities.

1. A product sells for $5 per unit.  The variable cost of production is $3 per unit.  Total fixed costs per year are $1000, including depreciation expense of $200. What is the cash flow breakeven point in units and in dollars?

   	A.	400 units and $2000.
   	B.	267 units and $1333.
   	C.	500 units and $2500.
   	D.	333 units and $1665.

Below are the short-run average-total-cost schedules for three plants of different size that a firm
might build to produce its product. Assume that these are the only possible sizes of plants that the
firm might build. (10 points)
a) What is the long-run average-cost schedule for the firm? Show it in the second table below.
Plant size X Plant size Y Plant size Z
Output ATC Output ATC Output ATC
5 $10 5 $13 5 $72
10 9 10 12 10 65
15 8 15 11 15 52
20 7 20 10 20 41
25 6 25 8 25 33
30 9 30 7 30 20
35 12 35 9 35 15
40 18 40 12 40 14
45 20 45 17 45 12
50 23 50 19 50 14
55 29 55 25 55 20
60 31 60 33 60 30
Output Average cost
5 $_____
10 _____
15 _____
20 _____
25 _____
30 _____
35 _____
40 _____
45 _____
50 _____
55 _____
60 _____
b) For what output levels should the firm build plant X, plant Y, and plant Z?

Frazier Manufacturing Company collected the following production data for the past month: Units Produced Total Cost 1,600 $66,000 1,300 57,000 1,500 67,500 1,100 49,500 If the high-low method is used, what is the monthly total cost equation? A. Total cost = $0 + $45/unit B. Total cost = $13,200 + $33/unit C. Total cost = $16,500 + $30/unit D. Total cost = $9,900 + $36/unit

I know the answer is $13,200+33/unit. But I do not see how the math is done, or I get 34. Could someone break down each step of the math for me please & thank you.

Morrisey Company has two investment opportunities. Both investments cost $5,700 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below:

What is the net present value of Investment II assuming an 9% minimum rate of return? Use Appendix Table 1. (Do not round your intermediate calculations. Round your answer to nearest whole dollar.)

$7,635

$9,610

$1,935

$(7,420)

Cost Accounting Ltd manufactures three products. The company allocates overhead costs as a rate per total direct labour hour.

The following cost driver values have been identified:

Machine hours / unit Production units Percentage of expert work Number of orders packed Labour hours

Alpha

0.70 5 000 30% 4
1 200

Beta

0.30 3 500 20% 8 800

Gamma

0.50 8 000 50% 23 1 500

An analysis of the manufacturing overhead cost for the period shows the following:

Activities

Machine costs Expert consultation Packing
Total

Overhead cost

265 000 98 500 15 000

378 500

Consider the following information:

Based on the above information, select the correct statement.

Multiple Choice

Cost of goods sold is a mixed cost.

Salary cost is a mixed cost.

Depreciation cost is a variable cost.

If the company sells 20 units for $540 each, it will incur a loss of $200.

Forecasting

A) Dexter Company reported the following 2018 income statement

Forecast Dexter’s income statement assuming a 5% increase in sales, a 17% effective tax rate, and a continuation of the 2018 percentage relation to net sales for expenses except for interest where the company projects no change.

B) Snap-On Corp 2018 financial statements include the following:

Forecast accounts receivable, inventory, and accounts payable for 2019 given that sales are expected to grow by 8% in 2019.

Nova Company’s total overhead cost at various levels of activity are presented below:

Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 39,000 machine-hour level of activity is:

Nova Company’s management wants to break down the maintenance cost into its variable and fixed cost elements.

Required:

1. Estimate how much of the $256,820 of overhead cost in July was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $256,820 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.)

2. Using the high-low method, estimate a cost formula for maintenance. (Do not round your intermediate calculations. Round the "Variable cost per machine-hours" to 2 decimal places.)

Y= a + bX

3. Express the company’s total overhead cost in the linear equation form Y = a + bX. (Do not round your intermediate calculations. Round the "Variable cost per machine-hours" to 2 decimal places.)

y= a +bX

4. What total overhead cost would you expect to be incurred at an activity level of 44,000 machine-hours? (Do not round intermediate calculations.)

Exercise 6-8 Moath Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 560 $5 $ 2,800 12 Purchase 1,120 7 7,840 23 Purchase 840 10 8,400 30 Inventory 280 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 1,250.) The ending inventory $ The cost of goods sold $ LINK TO TEXT Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO $ and than LIFO $. In contrast, cost of goods sold is than FIFO $ and than LIFO $.