What is the variable cost per unit sold

Assignment Help Financial Accounting
Reference no: EM131206401

Martinez company's relevant range of production is 8,900 units to 13,900 units when it produces and sells 11,400 units its unit cost are as follows: direct material 6.70 Direct labor 4.20 variable manufacturing overhead 1.40 fix manufacturing overhead 4.70 fixed administrative expenses 3.70 sales commission 2.10 variable administrative expense 0.55

1. what is the total amount of product costs incurred to make 11,400 units?

2. Total amount of period costs incurred to sell 11,400

3. If 9,400 units are sold, what is the variable cost per unit sold?

4. If 13,900 what is the variable cost per unit sold?

5. If 9,400 are sold what is the total amount of variable costs related to the units sold?

6. If 13,900 are sold what is the variable cost?

7. If 9,400 are produced what is the average fixed manufacturing cost per unit produced?

8. 13,900 unit are produced what is the average fixed manufacturing cost per unit?

Reference no: EM131206401

Questions Cloud

Assuming the securities are classified as trading : The following information is available for ABC Corporation at 12/31/14 regarding its investments in stocks of other companies. Prepare the adjusting entry (if any) for 2014, assuming the securities are classified as trading.
The break-even point in dollars : The following data pertain to last month's operations: Selling price $ 30 per unit Variable production cost $ 15 per unit Fixed production cost $79,000 Variable selling & admin. expenses $ 3 per unit Fixed selling & admin. expenses $39,000 The break-..
Partnership agreements : Some partnership agreements contain a provision for interest on invested capital in distributing income to the individual partners. List the additional provisions that should be included in the partnership agreement so the interest amounts can be com..
Calculate net cash provided or used by operating activities : A company's income statement showed the following: net income, $124,000; depreciation expense, $35,000; and gain on sale of plant assets, $9,000. An examination of the company's current assets and current liabilities showed the following changes as a..
What is the variable cost per unit sold : Martinez company's relevant range of production is 8,900 units to 13,900 units when it produces and sells 11,400 units its unit cost are as follows: direct material 6.70 Direct labor 4.20 variable manufacturing overhead 1.40 fix manufacturing overhea..
The company contribution margin ratio is closest to : A manufacturer of cedar shingles has supplied the following data: The company's contribution margin ratio is closest to:
An initial proposal for research : An initial proposal for research, including motivation to study for a PhD will be considered. An initial proposal guidelines are available attached
Analyze the factors that impact your choice of inputs : Analyze the factors that impact your choice of inputs to produce the chosen product or service. For example, how would a change in the price of raw materials impact the combination of inputs?
What are the new equilibrium wage rate and employment level : What will happen to demand for labor? Will it increase or decrease? What are the new equilibrium wage rate and employment level?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Unrealized gains on available-for-sale securities

Melanie Mielke Construction Corporation is considering the appropriate accounting for two unrelated events during the year. The first event related to the effects of a labor strike that resulted in a work stoppage on a major construction project. $2,..

  Prepare the journal entries related to the bonds

Effective April 1, 2004, The Bloomington Corporation, which has a December 31st year-end, authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). Prepare the journal entries related to the..

  Grider company had total revenues

Determine whether Division C is a reportable segment. Justify your conclusion.

  Cash flows from operating activities using indirect method

Prepare the cash flows from operating activities using the indirect method-Cash Flow from operating activities

  Prepare a trial balance after end of month adjustments

Prepare a Trial Balance after end of month adjustments as at 31 March 2015. Prepare closing entries for March 2015. Prepare an Income Statement for March 2015 and a Balance Sheet as at 31 March 2015.

  What is the total target cost for this products life

Praeuner Company has surveyed the market and set a target selling price of $2,000 per unit for its product. Praeuner believes it can sell 100,000 units of this product over its two-year life.

  Question when would the balance sheet disclosure arising

question when would the balance sheet disclosure arising from the current rate method become realized?a.it is

  Calculate the net present value with required return

Calculate break -even in dollars given the following information; sales of $40, variable costs of $15, fixed costs of $15,000, and a desired profit of $20,000. Remember, you cannot have partial units, so you need to round if the answer is decimal.

  Explain how the overhead costs were assigned to each job

How do you think Mrs. Lucky will feel when she receives the bill for the three sets of wedding announcements? Explain how the overhead costs were assigned to each job.

  Acid test is more stringent measure-current ratio

The ____ ratio, sometimes called the "acid test," is a more stringent measure of ____ than the current ratio.

  What are some of the elements you agree or disagree with

Institutional economics and neo-classical economics. Off-hand, which of the two seems like a more sensible approach? What are some of the elements you agree or disagree with?

  Beginning cash balance-cash payments-minimum cash balance

Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the seco..

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