Find what is the variable cost per unit

Assignment Help Cost Accounting
Reference no: EM132562626

Question 1: Which of the following is a feasible value for a correlation coefficient?

A. +1.2

B. 0

C. -1.2

D. -2.0

Question 2: An organisation has the following cost details for its product: The total cost of 5,000 units is GH$50,000 and the total cost of making 20,000 units is GH$ 140,000. Within this range of activity the total fixed costs remain unchanged. What is the variable cost per unit?

A. GH$4,

B. GH$5

C.GH$ 6

D. GH$ 8

Reference no: EM132562626

Questions Cloud

Persuasive or informational essay : Prepare a four to six page persuasive or informational essay on a topic of your choice - Choose a topic that is relevant and interesting to your audience
What are role of accountants in the accounting profession : What are, in general, the role of accountants in the accounting profession, in contributing to promote business CSR and sustainability
Prepare the journal entry in the records of Water Ltd : Prepare the journal entry(s) in the records of Water Ltd in relation to the investment in Melon Ltd for the year ended 30 June 2020
Describe the difference between direct and indirect costs : Describe the difference between direct and indirect costs. Do you agree that all variable costs are direct costs while all fixed costs are indirect costs?
Find what is the variable cost per unit : What is the variable cost per unit? The total cost of 5,000 units is GH$50,000 and the total cost of making 20,000 units is GH$ 140,000.
What are the various types of ways the management accountant : What are the various types of ways the Management accountant can classify the costs by Management decisions? Describe any 5.
What is the direct materials efficiency : Direct Materials is $1.70 per pound and the Direct Labor has a standard price of $9.00 per hour. What is the direct materials efficiency (quantity) variance
What would be the net rental income : Rental revenue, including unearned rent deposits of $1,000, was $35,000. What would be the net rental income
Prepare profit or loss account for sales : Prepare profit/loss account for sales of 200 peices, 300 pieces. Purchase cost 1100 per peice. Sales cost 1800 per piece. Expenses per month

Reviews

Write a Review

Cost Accounting Questions & Answers

  Determine company cost of goods sold expense

During the year, it manufactures 120,000 units and sells 110,000 units. Determine Company cost of goods sold expense for the year and its cost of ending inventory using the FIFO method.

  Define conversion costs if waterways used fifo

Stage of completion for labor and overhead (a) Prepare a production cost report for Waterways using the weighted-average method. (b) Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average.

  Evaluate the amount of retained earnings

Determine the amount of retained earnings and create an account equation and record the begeinning account balances under the appropriate elements.

  Compute the current ratio and quick ratio

The 2007 and 2008 balance sheets for Alan Jack and Sons showed net accounts receivable of $10,000 and $14,000, respectively, and inventory of $8,000 and $6,000, respectively. Their 2008 income statement showed net sales of $109,500 and cost of goo..

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  How you would implement capital budgeting in your company

How many items of your product will you need to produce to meet this sale price? How did you calculate this-Develop a list of inputs along with their associated

  Which inventory account on the balance sheet

The cost of material that is not completely processed, would be found in which of the following inventory account on the Balance Sheet?

  What is the average collection period in days

What is the average collection period in days? Sales on credit - 40,000,000 Beginning accounts receivable - 1,000,000.

  Prepare the closing entries for the above accounts

Sales Discounts $3,600, Cost of Goods Sold $110,000, Rental Revenue $6,000, Freight-out $1,800, Rent Expense $8,800, and Salaries and Wages Expense $22,000. Prepare the closing entries for the above accounts.

  What was the investors actual real after tax rate of return

What was the investors actual real after tax rate of return and the firm may ask a bank for which of the following to allow it to obtain the permits?

  What is the annual cash interest payment

What is the maturity value, what is the annual cash interest payment and what are the proceeds the company receives upon issuance of the bond?

  Use the high-low method to calculate fixed cost per month

Use the high-low method to calculate the fixed cost per month. Sandy, the owner of Sunshine Car Wash has found that her income changes

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd