Questionace company produces a product that sells for 142

Assignment Help Cost Accounting

Reference no: EM13348358

Question:

Ace Company produces a product that sells for $142 per unit. Ace In June and July, the first two months of production, Ace produced and sold 6,000 and 7,000 units, respectively, with costs as follows:

June July

Production and sales volume (units) 6,000 7,000

Cost of Sales $ 347,500 405,300

Selling and administrative costs $ 436,800 458,500

a) Evaluate the variable cost per unit.

b) Determine the total fixed cost per month.

c) What is the contribution margin per unit made and sold?

d) Show a formula to evaluate the total costs at other activity levels, defining your terms, and identify any facts assumed by your assumption.

e) Check the method you used to make your estimate, and any other possible methods, and state the advantages of each

Reference no: EM13348358

Questions Cloud

Question 1a explain the term risk assessment and outline : question 1a explain the term risk assessment and outline the provision of the occupational safety and health act 2005

Questionjo company has the following : questionjo company has the following budgeted

Questionacme company utilizes the weighted-average method : questionacme company utilizes the weighted-average method in to evaluate product costs and reports the following costs

Question 1a financial review within your organization has : question 1a financial review within your organization has resulted in a proposal to the board of directors to cut its

Questionace company produces a product that sells for 142 : questionace company produces a product that sells for 142 per unit. ace in june and july the first two months of

Questionat the starting of 2014 ace company estimated the : questionat the starting of 2014 ace company estimated the subsequent costs to produce one unit of product 5 pounds of

Question1a chester corporation is launching a brand new : question1a chester corporation is launching a brand new product that is expected to cost 75 in direct materials 50 in

Questionxyz inc this company manufactures picture frames : questionxyz inc. this company manufactures picture frames that sell for 20 each. each frame needs 4 linear feet of

Question 1psycho social hazards at workplacea name any five : question 1psycho social hazards at workplacea name any five common psychosocial hazardsb what are the

User Account

All Pages