What are estimated total variable manufacturing costs

Assignment Help Financial Accounting
Reference no: EM13791689

X Company manufactures a single product and estimates its total variable manufacturing costs each month. Each unit of product requires 1.3 pounds of direct material, and the price per pound is $20.50. It takes one hour of direct labor time to manufacture a unit of product. Direct labor employees are paid $13.00 per hour. The monthly overhead cost function is $3,300+$1.85X, where X is the number of units produced.

-If production next month is expected to be 1,000 units, what are estimated total variable manufacturing costs?

Reference no: EM13791689

Questions Cloud

Publicly traded stock symbol : The plublic company choosen is General Electric Co. include the publicly traded stock symbol.
Which is the best form for operating the business : Jordan and her brother, Jason, purchase a hardware store from a local bank which acquired it through foreclosure. Because the bank wants to sell the business, Jordan and Jason can buy it for only $160,000. Jordan will invest $42,000 and own 70% of th..
Non-probability sampling : Statistical probability is most closely associated with which of the types of statistics -  Which of the following sampling procedures represents non-probability sampling - normal distribution probabillity model for the study statistical analysis
Faustus is a product of the renaissance : Journal 3: In a paragraph (at least eight sentences), explain how the presence of occult in Dr. Faustus is a product of the Renaissance. If the renaissance ushered in a period of scientific inquiry, then how does occultism fit into the period? Explai..
What are estimated total variable manufacturing costs : X Company manufactures a single product and estimates its total variable manufacturing costs each month. Each unit of product requires 1.3 pounds of direct material, and the price per pound is $20.50. It takes one hour of direct labor time to manufac..
Introduction to homeland security : For this assignment, you will write an information paper to the director. You must address the following elements:
Calculate net income for the year : At the beginning of the current fiscal year, the balance sheet for Sammy Co. showed liabilities of $320,000. During the year liabilities decreased by $18,000, assets increased by $65,000, and paid-in capital increased from $30,000 to $192,000. Divide..
Write the financial plan : Write the Financial Plan for your organization (500 word maximum). Create the accompanying spreadsheet(s) and address the following in your plan:
Describe three of the communication skills : Describe three of the communication skills that you think will be most beneficial to you in your professional or personal life.Create a blog , using a free technology website, that describes three of the important skills you think are required to com..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Questionalli co is a merchandising business the account

questionalli co. is a merchandising business. the account balances for alli co. as of november 30 2012 unless otherwise

  Determine total overhead cost that would be assigned

Determine the total overhead cost that would be assigned to each of the products.

  Calculation of value of the ending inventory

Calculation of value of the ending inventory - The dollar value of the ending inventory using full costing will be?

  Assumptions and the effects of possible changes in values

Assume you are working as an investment financial officer for your company (or use a public company of your choice). Make up an investment opportunity for your company and discuss key sensitivities (risks) and possible scenarios. Discuss a few risks ..

  Prepare journal entries to record the issue of shares

From the following information Prepare journal entries to record the issue of shares, declaration and payment of dividend

  Predetermined shop overhead rate per direct hour

Amoruso engine shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Determine the predetermined shop overhead rate per direct hour.

  How much of the factory labor cost for the year

How much of the materials in above consisted of indirect materials and how much of the factory labor cost for the year consisted of indirect labor?

  What the depreciation expense for 2013 should be

After the overhaul gates estimated that the useful life would be extended 4 years. And the salvage value would be 30000. The depreciation expense for 2013 should be?

  Illustrate what is the net present value if cost of capital

Illustrate what is the net present value if the cost of capital is 12 percent (ignore income taxes)? If required, round to the nearest whole dollar.

  Flow of an accounting information system

Why is it considered important to document the flow of an accounting information system and how does a document flowchart assist (i) an accountant, and (ii) a data security expert?

  Prepare a quarterly income statement

Prepare a quarterly income statement, a statement of retained earnings, and a balance sheet and journalize and post the adjusting entries. In the ledger accounts ( T-accounts), indicate the adjusting entries with an A.

  Which inventory costing method assigns

Which inventory costing method assigns the cost of the most recent items purchased to the ending inventory balance?

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