Question
10. Buckeye Company has provided the following data for maintenance cost: Prior Year Current Year Machine hours 14,100 17,000 Maintenance cost $28,200 $31,970 The best
10.
Buckeye Company has provided the following data for maintenance cost:
Prior Year | Current Year | |
Machine hours | 14,100 | 17,000 |
Maintenance cost | $28,200 | $31,970 |
The best estimate of the cost formula for maintenance would be: (Do not round intermediate calculations. Round your Variable cost per unit to 2 decimal places.) |
$9,870 per year plus $1.30 per machine hour | |
$28,200 per year plus $1.30 per machine hour | |
$9,870 per year plus $.769 per machine hour | |
$22,100 per year plus $.769 per machine hour |
11.
Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. |
Production volume | 13,700 | units | 15,000 | units |
Direct materials | $911,050 | $997,500 | ||
Direct labor | $239,750 | $262,500 | ||
Manufacturing overhead | $1,008,400 | $1,025,820 |
The best estimate of the total monthly fixed manufacturing cost is: (Do not round intermediate calculations.) |
$832,320 | |
$827,820 | |
$821,820 | |
$824,820 |
12.
Nikkel Corporation, a merchandising company, reported the following results for July: |
Sales | $447,000 |
Cost of goods sold (all variable) | $170,500 |
Total variable selling expense | $ 20,100 |
Total fixed selling expense | $ 21,600 |
Total variable administrative expense | $ 8,500 |
Total fixed administrative expense | $ 31,300 |
The gross margin for July is: |
$195,000 | |
$247,900 | |
$394,100 | |
$276,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started