Blog

The Where We At exhibition emphasized community connection by:

 A company that produces and sells a single product  has provided information to prepare a contribution format income statement for March.  Sales (6,600 units) $ 455,400 Variable expenses    323,400 Fixed expenses    103,500 If a company sells 6,500 units, its net operating income should be closest to:Note: Do not round intermediate calculations. 

Data concerning a single product appear below: Selling price per unit $290.00 Variable production cost per unit $75.00 Fixed production costs $121,130 Sales commission per unit $3.30 Fixed selling expenses $40,200 The break-even in dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

A company sells a single product for $10 per unit. Last year, the company’s sales revenue was $250,000 and its net operating income was $42,000. If fixed expenses totaled $83,000 for the year, the break-even point in units sold is:

In the answer area, start by entering a, b, c on three lines to properly label your 3 answers.  Then put your math calculations such as  ( 5 + 6 +9 +10 ) *1000 units = your answer.  You can use Ctrl+B to bold your final answer for each line.  You must show your work for the essay questions to receive any credit. Without showing your work, one little math error will mean that all the following answers are wrong.  With work, you can earn full credit even with a math error.  SHOW YOUR WORK. A company uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on these estimated amounts:  Total fixed manufacturing overhead cost of $280,000, variable manufacturing overhead of $2.25 per machine-hour, and 40,000 machine-hours. The company has provided the following data concerning Job XYZ10 which was recently completed: Number of units in the job 25 Total machine-hours 100 Direct materials $ 740 Direct labor cost $1,580 Required: Answer the next 5 questions below after labeling 5 lines a. through e. Show your math work but you are not required to label any of the answers beyond numbering them with a, b, c, d. e. a. What is the total estimated manufacturing overhead costs for the year? b. What is the estimated manufacturing overhead rate? c. What is the total manufacturing overhead costs assigned to job Job XYZ10? d. What is the total cost of job Job XYZ10? e. If the company marks up its unit product costs by 40%, what is the selling price of job Job XYZ10?

A company has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:   Casting Customizing Machine-hours 26,000 24,000 Direct labor-hours 15,000 10,000 Total fixed manufacturing overhead cost $ 140,400 $ 41,000 Variable manufacturing overhead per machine-hour $ 1.80   Variable manufacturing overhead per direct labor-hour   $ 4.60 The estimated total manufacturing overhead for the Customizing Department is closest to:

At an activity level of 8,000 units in a month, a company’s total variable maintenance and repair cost is $690,180 and its total fixed maintenance and repair cost is $457,000. This level of activity is within the relevant range which is 7,000 units to 10,000 units. What would the total maintenance and repair cost, both fixed and variable, be at an activity level of 8,500 units in a month? (Round intermediate calculations to 2 decimal places.)

Supply costs at a company’s chain of gyms are listed below:   Client-Visits Supply Cost March 11,649 $ 26,575 April 11,445 $ 26,438 May 11,977 $ 26,795 June 12,200 $ 26,944 July 11,709 $ 26,615 August 11,195 $ 26,271 September 11,989 $ 26,803 October 11,680 $ 26,596 November 11,828 $ 26,695 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: Note: Round your intermediate calculations to 2 decimal places.

Commissions paid to a salesperson are indirect product costs.

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,300 Total fixed manufacturing overhead cost $575,700 Variable manufacturing overhead per machine-hour $ 4 Recently, Job J97 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 730 Direct labor cost $1,460 The amount of overhead applied to Job J97 is closest to: Note: Round your intermediate calculations to 2 decimal places.