Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Audrey Inc. manufactures dolls. During 2 0 2 3 , total costs incurred in making 1 0 , 0 0 0 dolls included $ 5

 

Audrey Inc. manufactures dolls. During 2023, total costs incurred in making 10,000 dolls included $50,000 of fixed manufacturing overhead. The total absorption cost per doll was $30

(a.) Calculate the fixed manufacturing overhead cost per doll.

 (b.) Calculate the variable cost per doll.

 (c.) Express the cost of the dolls in a cost formula (Y=+ bx)

 (d.) Calculate the total cost of making 12,000 dolls using the cost formula from (b.).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Lets break down the given information and calculate the required values a Calculate the fixed manufa... 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

Step: 3

blur-text-image

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 1 week ago

Question

How is the use of variable costing limited?

Answered: 1 week ago

Question

How does opportunity cost enter into the make or buy decision?

Answered: 1 week ago

Question

What is meant by the term responsibility accounting?

Answered: 1 week ago

Question

Briefly summarize the elements of ISO 9001.

Answered: 1 week ago