Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16. Which of the following is the total mixed cost equation for a factory where machine operating cos include 100.000 of machine depreciation per year,

image text in transcribed

16. Which of the following is the total mixed cost equation for a factory where machine operating cos include 100.000 of machine depreciation per year, plus 570 of witty as for each day the innerati 300.000 $ar 100000 d ) $300,000 - 5701 e None of the answer choices is correct 17 Which of the following represents total variable costs? e. None of the answer choices is correct. Exhibit 5-3 Hayley Inc. is using the account analysis approach to identify the cost behavior of production costs for one month. The production manager was asked to review these costs and provide her best guess as to how they should be categorized. Hayley produced 200 units for the month. She responded with the following information. Total = Variable + Fixed Direct materials used in production $370,000 $370.000 S-0- Direct labor used in production 230,000 230.000 - - - Overhead costs 220.000 200.000 20.000 Total production costs $820,000 $800.000 $20,000 18. Refer to Exhibit 5-3. Which of the following best describes the production costs in equation form? a. Y = $20,000 - $4,000X b. 7 - $20.000+ $4,000.X c. - $800,000+ $20,000X d. y $4,100.X e. None of the answer choices is correct. 19. Refer to Exhibit 5-3. Assume Hayley intends to produce 180 units next month. Using the account analysis approach, which of the following is the correct estimate of the total production costs for the month? a $740,000 b. $720,000 c. $738,000 d. $820,000 e. None of the answer choices is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit And Accounting Guide Employee Benefit Plans

Authors: American Institute Of Certified Public Accountants

1st Edition

0870515756, 978-0870515750

More Books

Students also viewed these Accounting questions