Manufacturing cost data for Cheyenne Company are presented
below.
Indicate the missing amount for each letter (a) through
(i).
|
Case A |
Case B |
Case C |
|||||||
| Direct materials used | $ | (a) | $72,740 | $131,500 | |||||
| Direct labor | 59,740 | 89,280 | (g) | ||||||
| Manufacturing overhead | 50,480 | 82,550 | 104,400 | ||||||
| Total manufacturing costs | 201,900 | (d) | 255,900 | ||||||
| Work in process 1/1/17 | (b) | 20,740 | (h) | ||||||
| Total cost of work in process | 225,820 | (e) | 341,400 | ||||||
| Work in process 12/31/17 | (c) | 15,360 | 73,580 | ||||||
| Cost of goods manufactured | 188,300 | (f) | (i) | ||||||
In: Accounting
The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary $5,920 Hourly workers wages 32,088 Food 11,074 Equipment 6,810 Supplies 3,118 Total $59,010 The hourly workers wages, food costs, and supplies costs were variable; the supervisor salary and equipment costs were fixed. The cafeteria served 13,000 meals during September. In October, the cafeteria is expected to serve 12,350 meals. Using account analysis with this data, estimate the total cafeteria cost in October [round variable costs per unit to two decimal places]?
In: Accounting
Coopers Company reported the following information:
Units Unit Cost Units Sold
Jan 1 Beginning inventory 190 $50
Mar 8 Sale 100
Apr 10 Purchase 320 55
Jun 20 Sale 240
Oct 10 Purchase 570 60
Nov 30 Sale 450
Total
Selling price per unit
during the year: $75 790
Required Complete the following table.
Cost Total Periodic Perpetual Date Purchased per Unit Cost Sold FIFO Weighted Average Units $ $ Units Units $ $ Units $ $
In: Accounting
Can someone show me how this answer is 8,080 ? I keep coming up with the wrong number. Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much?
Sales $50,000
Variable Costs $9,600
Fixed Costs $29,000
Answer is 8,080
Calculate the total cost of FC and VC for $50,000.
2) Calculate the increase in VC based on the % increase in Sales. VC/50000 * new sales
3) Add FC and VC based on new Sales $$
4) Compare total costs for both sales levels.
In: Accounting
Barcelona, Tbk. produce international quality soccer shoes. The price of a pair of soccer shoes is Rp. 250,000.00. The variable cost to produce soccer shoes is Rp. 150,000.00 and a fixed cost of Rp. 500,000,000.
a. It is assumed the company currently sells 6,000 pairs of soccer shoes per year, calculating operating leverage.
b. Based on problem (b) it is assumed the company has a total financial cost of Rp. 20,000,000, consisting of 40% interest expense and the remaining preferred stock dividends. The applicable tax rate is 40%, calculate the company's financial leverage.
c. Calculate the total leverage of the company.
In: Accounting
The biggest advantage of the two rules to detect the most profitable output level is that these rules tell us that
In: Economics
J&M provide the following budgeted expenses for producing 10,000 units of a toy, the following are the budgeted expenses:
$ (Per Unit)
Direct material 30.00
Direct Labor 15.00
Variable overhead 12.50
Fixed overhead ($75,000) 7.50
Variable expenses (direct) 2.50
Selling expenses (10% fixed) 7.50
Administration expenses ($ 25000 rigid for all production levels) 2.50
Distribution expenses (20% fixed) 2.50
Total cost of sale per unit 80.00
Prepare a budget for production of 12000, 14000 & 16000 units showing distinctly marginal cost & total cost.
In: Accounting
Campbell Company had 400 units of product in work in process inventory at the beginning of the period. It started 1,300 units during the period and transferred 1,100 units to finished goods inventory. The ending work in process inventory was estimated to be 60 percent complete. Cost data for the period follow:
| Product Costs | |||
| Beginning balance | $ | 37,560 | |
| Added during period | 58,800 | ||
| Total | $ | 96,360 | |
Required
Calculate the number of equivalent units of production.
Calculate the product cost per equivalent unit.
Calculate the total cost allocated between ending work in process inventory and finished goods inventory.
In: Accounting
1.A company has provided the following data:
|
Sales |
12,000 units |
|
Sales price |
$100 per unit |
|
Variable cost |
$50 per unit |
|
Fixed cost |
$300,000 |
If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, by how much will net income increase?
2. Hamada Company sells a single product. The product has a selling price of $100 per unit and variable expenses of 80% of sales. If the company's fixed expenses total $150,000 per year, what will the break-even be?
In: Accounting
Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available:
| Cost | Titanium | Aluminum | Total Cost |
| Assembly | 500 mach. hours | 500 mach. hours | $50000 |
| Inspections | 350 | 150 | $90000 |
| 2100 labor hours | 1900 labor hours |
Reynoso is considering switching from one overhead rate based on
labor hours to activity-based costing.
Using activity-based costing, how much assembly cost is assigned to
titanium racquets?
| $21000. |
| $35000. |
| $25000. |
| $26250. |
In: Accounting