1 the variable cost of producting one cookie is 075 fixed

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Reference no: EM13379775

1. The variable cost of producting one cookie is 0.75. Fixed costs per week are $1,000.

A. Sketch a graph of costs in the relevant range 0-1,000 cookies. Label each cost graph and the data points for 0 and 1,000 cookies.

B. Provide the equation for the straight line that represens these costs.

2. Prepare a flexible budget for the producion and sale of 50 units: Sales revenue $100 per unit Direct Material $25 per unit Direct labor $15 per unit Commission $10 per unit Fixed costs $50 for the production of up to 75 units

3. Prepare an income statement that shows the cost of goods sold.

Beginning End Direct material inventory $ 27,000 $24,500

Work in process inventory $ 25,000 $29,000

Finished goods inventory $ 22,000 $15,000

Direct materials purchased $ 21,000

Direct labor(2,500hrs@ $12) $ 30,000

Indirect labor $ 3,000

Indirect materials $ 2,500

Office supplies expense $ 100

Equipment depre-factory $ 2,000

Equipment depre-office $ 750

Administrative expenses $ 20,000

Office utilities $ 75

Factory utilities $ 200

Marketing expense $ 2,500

Sales $150,000 Sales commissions $ 1,500

Reference no: EM13379775

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