Best estimate of the total variable

Assignment Help Accounting Basics
Reference no: EM13259196

The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product:

Production volume 3,000 units 4,000 units

Direct materials $76.70 per unit $76.70 per unit

Direct labor $39.70 per unit $39.70 per unit

Manufacturing Overhead $94.80 per unit $76.30 per unit

The best estimate of the total variable manufacturing cost per unit is:

A. $76.70

B. $116.40

C. $20.80

D. $137.20

Reference no: EM13259196

Questions Cloud

Organizations basic legal-social and economic environment : Analyzes the organization's basic legal, social, and economic environments and analyzes the organization's managerial, operational,
Event in the accounting system : Office supplies of $900 were purchased on account to be used infuture months. One part of the accounting entry to record this event in the accounting system would be to:
What is its yield to call ytc : what is its yield to call YTC? Hint set up the cash flows on a timeline. if the bond is called, in vestors will receive interest payments for five year and then receve $1,050 $ 1,000 in principal and call premium of five years. the YTM on this cas..
Explain and compute the theoretical yield of the product : For the reaction shown, compute the theoretical yield of the product (in grams) for each of the following initial amounts of reactants
Best estimate of the total variable : The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: The best estimate of the total variable manufacturing cost per unit is:
Indicate items to be reported on statement of cash flows : The date of sale, was sold for $24,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
How far does each skater travel : Two skaters with masses of 66kg and 51kg , respectively, stand 7.5m apart, each holding one end of a piece of rope. how far does each skater travel
What are the stated and the effective annual ytms : if you were a tax paying investor, which of the two 25 year bonds would you perfer?Why What impact will this preference have on the price , and hence YTMs of the two bonds?
The idaho supreme court rules against : The Idaho Supreme Court rules against Jiffy Mart in a case against Kwik Stop Stores, Inc. Jiffy Mart files an appeal with the United States Supreme Court.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the major classifications of inventory

What are the major classifications of inventory? Why would someone choose to use a perpetual over a period inventory system, or vice versa?

  Investments-stocks-shares and dividends

Big Brother Holdings, Inc. had the following available-for-sale investment portfolio at January 1, 2002. Prepare journal entries for each of the above transactions.

  Describing proprietorship problem

She has a large amount of income from other sources and is in the 33% marginal tax bracket. Would Tina's tax situation be better if XYZ were a proprietorship or a C-corporation? Explain why.

  Switches to the sum-of-the-years-digits method

Suppose Green has been using the straight-line method and switches to the sum-of-the-years'-digits method. Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 2011?

  What should milley do

Jonathan Milley, the accountant for Bling Sound, Inc. has just completed a review of the General Ledger and is about to begin the adjusting process. His boss, Cantsing has asked to speak to him concerning an outstanding accounts receivable from GG..

  Advantage of using standard costs

Which of the following is not considered an advantage of using standard costs?

  Amount of saleas dollar at the break even point

Oxford company had sales of $3 000 000, variable expenses of $1 800 000, and fixed expenses of $800 000. what would be the amount of saleas dollar at the break even point.

  Prepare the journal entries for bentz corporation

Bentz Corporation bought and sold several securities during 2006. Listed below is a summary of the transactions. Prepare the journal entries for the above transactions. Show calculations.

  Reporting on the balance sheet

Since merchandise inventory is normally sold within a year,how is it reported on the balance sheet?

  Appropriate journal entry to record the award

Prepare the appropriate journal entry to record the award of SARs on January 1, 2006.

  Charitable contribution deduction for current year

Richards makes cash contributions of $35,000 to charitable organizations. What is Richards Corporation's charitable contribution deduction for the current year?

  Tax consequences of qualifying stock redemption

What are the tax consequences of a qualifying stock redemption to the distributing corporation?

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