What is the total amount of product costs incurred to make

Assignment Help Managerial Accounting
Reference no: EM132526512

Balerio Corporation's relevant range of activity is 9,000 units to 14,000 units. When it produces and sells 11,000 units, its average costs per unit are as follows:

Average Cost per Unit

Direct materials$7.30

Direct labor$3.90

Variable manufacturing overhead$2.20

Fixed manufacturing overhead$14.10

Fixed selling expense$2.65

Fixed administrative expense$1.70

Sales commissions$0.50

Variable administrative expense$0.40

Required:

Question a. For financial reporting purposes, what is the total amount of product costs incurred to make 11,000 units? (Do not round intermediate calculations.)

Question b. If 13,000 units are sold, what is the variable cost per unit sold? (Round "Per unit" answer to 2 decimal places.)

Question c. If 13,000 units are sold, what is the total amount of variable costs related to the units sold? (Do not round intermediate calculations.)

Question d. If the selling price is $18.90 per unit, what is the contribution margin per unit sold? (Round "Per unit" answer to 2 decimal places.)

Question e. What incremental manufacturing cost will the company incur if it increases production from 11,000 to 11,001 units? (Round "Per unit" answer to 2 decimal places.)

Reference no: EM132526512

Questions Cloud

How much overhead cost would be assigned to each product : How much overhead cost would be assigned to each of the two products using the company's activity-based costing system? (Round your intermediate calculations )
What would be a good response-using evidence : Man came from apes. What would be a good response, using evidence, to dispute this claim?
Prepare schedule of cost of goods manufactured and schedule : Prepare Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. Manufacturing overhead cost applied to Work in Process
What is the probability-expressed as a percentage : What is the probability, expressed as a percentage, of a roan cow and a roan bull having a white offspring?
What is the total amount of product costs incurred to make : For financial reporting purposes, what is the total amount of product costs incurred to make 11,000 units? (Do not round intermediate calculations.)
Explain how this trait is inherited : Explain how this trait is inherited, using appropriate symbols.
If cures for various cancers were discovered : If cures for various cancers were discovered, why is it possible/likely that the cures would not be applicable to the group of people most-affected by the cance
What is the contribution margin per unit sold : If the selling price is $23.40 per unit, what is the contribution margin per unit sold? (Round "Per unit" answer to 2 decimal places.)
What is meant by environmental justice : Which groups of people are more likely to live and work in environments with greater, chemical-related, adverse health outcomes? What is meant by

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Would you recommend he keep or sell the property

Would you recommend he keep or sell the property? Show computations using the total-cost approach to net present value.

  Compute the break-even point in units and sales dollars

Compute the break-even point in units and sales dollars. What was the margin of safety for Victoria Company last year?

  Differences between tax avoidance and tax evasion

Tax avoidance and tax evasion are two very different concepts. Compare and contrast the differences between tax avoidance and tax evasion. Give two examples of each to support your discussion.

  Explaining the logistics management effort

MGT204 Logistics and Supply Chain Management - A critical analysis of the logistics challenges in transporting the locomotives and wagons from the point-of-origin.

  What is the future value of 100 in 5 years

What is the future value of 100 in 5 years from now with a 15 percent interest rate?

  Simid sports-production budget

Near end of 2011, the management of Simid Sports Co., merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is bought for $30 per unit and resold for $60 per unit.

  Compute the number of pans that must be sold

Compute the number of pans that must be sold for Werner to break even.- How many pans must be sold for Werner to earn operating income of $13,530?

  Total quality management principles to resolve the issue

Identify whether you would recommend using Six Sigma, Lean, or Total Quality Management principles to resolve the issue. Why did you choose this approach

  What titles should i cover when discussing

What titles should I cover when discussing how to improve the environmental efficiency of an aircraft engine? (Large passenger)

  What ending balance of accounts receivable for september

What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month

  What amount of uncollectible accounts expense recognized

4 percent of the outstanding receivables. Based off of this information, what is the amount of uncollectible accounts expense recognized for the year?

  Analysis of flexible budgets and standard costs emphasizes

Analysis of flexible budgets and standard costs emphasizes the importance of a similar unit of measure for meaningful comparisons and evaluations.

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