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A Closer look on Cost Accounting Required: Determine the amounts of the missing items. Problem 20: Cost Behavior Guardians ran its freezer in January, a slow month for 720 hours for a total cost of P120,000. In August, a peak month, the freezer ran for 1,500 hours at a cost of P80 per hour. Required: What is the estimated total cost at an operating level of 1,000 hours? Problem 21: Variable Cost vs. Fixed Costs ABC manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over a relevant range of 60 to 100 units produced each year is given below: Units Produced 60 units 80 units 100 units Total Costs: Variable costs P120 Fixed costs P600 Total Costs P760 Per unit Costs: Variable Costs Fixed Costs
Required:
Question 1: Compute the schedule by writing the missing amounts and Which 2 specific costs remain constant over the relevant range?
Question 2: Which 2 specific costs are directly related with production?
Question 3: Which specific cost is inversely related with production?
Question 4: Express the cost formula based on the line equation form Y = a+bX.
Question 5: If the company produces 75 units, then how much is the expected total costs?
Should the shipment on 31 st December be recorded as a sale? Show the ethics of Hasbrow's
If the price of compound x is raised by 10% and 8000 kgs continue to be sold profits will be?Each month gamma limited sells 8000 kgs of compound x
Job 31 has a direct materials cost of $300 and a total manufacturing cost of $900. Overhead is applied to jobs at a rate of 200 percent of direct labor cost.
The firm incurs fixed operating costs of $30,000 and variable operating costs of $12 per unit. What is Chico's degree of operating leverage (DOL) at a base level of sales of 15,000 units?
wright corporation began its operations on sept. 1 of the current year. forecasted sales for the first three months of
Compute the amount of total overhead applied under normal costing for each quarter. What was the estimated overhead for the year for the predicted capacity of 800 million units?
Topic: Absorption and Variable Costing 3. Hudson Corporation wants to change to the variable costing method of inventory valuation for making internal decisions. The LIFO method is being used.
Estimated cash to be received mainly from debtors for cash sales and collections for credit sales during a month. How will the information assist in cash
Reconcile variable costing and absorption costing net operating incomes and explain why the two amounts differ.
Prepare the operating profit statement for Mikkeli Oy for the second quarter of 2005. Assume that revenues and operating results are identical to the first quarter except.
What is the IRR. What is the Payback in years. What is the Profitability Index
You are required to prepare a sales budget incorporating the above information - company plans to sell product A throughout the year at a price of Rs.10 per unit and product B at a price of Rs.16 per unit.
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