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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.

Overhead costs paid during the year are assigned to jobs in a job costing system.

The smaller the contribution margin ratio, the largerthe amount of sales required to cover a given amount of fixed expenses.

In the answer area, start by entering a, b etc. on five lines to properly label your 5 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 has provided the following information:   Cost per Unit Cost per Period Direct materials $ 5.00   Direct labor $ 3.60   Variable manufacturing overhead $ 1.20   Fixed manufacturing overhead   $ 29,250 Sales commissions $ 0.40   Variable administrative expense $ 0.30   Fixed selling and administrative expense   $9,750 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. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units? c. If the selling price is $26.00 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) d. If 5,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 5,001 units are produced, what is the incremental manufacturing cost the company will incur increasing production one more unit?

Manufacturing overhead costs are direct product costs.

Which of the following statements are true? I.   If the activity level increases, then one would expect the fixed cost per unit to increase as well. II.  A fixed cost is a cost whose cost per unit varies as the activity level rises and falls.  III. A decrease in production will ordinarily result in a decrease in fixed production costs.

If the dollar amount of contribution margin is divided by the contribution margin percent, the result will be the amount of sales in dollars needed to break even.

Which statement best reflects Vendryes’ view of Duncanson?