1) Suppose that a company has fixed costs of $15 per unit and variable costs...

70.2K

Verified Solution

Question

Accounting

1) Suppose that a company has fixed costs of $15 per unit and variable costs $11 per unit when 15,500 units are produced. What are the fixed costs per unit when 11,000 units are produced?

2)Total costs for ABC Distributing are $240,000 when the activity level is 9,000 units. If variable costs are $3.0 per unit, what are their fixed costs?

3)Park and West, LLC, provides consulting services to retail merchandisers in the Midwest. In 2019, they generated $750,000 in service revenue. Their total cost (fixed and variable) per client was $2,650 and they served 105 clients during the year. If operating expenses for the year were $300,000 what was their net income?

4)

Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production.

Average Cost per Unit

Direct Materials $12
Direct Labor 10
Indirect Materials 2
Fixed manufacturing overhead 4
Variable manufacturing overhead 3
Fixed selling and administrative expense 8
Variable Sales commissions 25

If 20,500 units are produced, what are the total manufacturing overhead costs incurred?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students