Question
Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips $ 56.00 Flour $ 35.00 Butter $ 64.50
Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies.
| Chocolate chips | $ | 56.00 | |
| Flour | $ | 35.00 | |
| Butter | $ | 64.50 | |
| Sugar | $ | 31.00 | |
| Other ingredients | $ | 31.00 | |
| Labor wages | $ | 300.00 | |
| Rent on manufacturing space | $ | 300.00 | |
| Utilities (paid at a monthly rate) | $ | 54.00 | |
| Depreciation on kitchen equipment | $ | 89.00 | |
Calculate each of the following: a. The total variable cost this month. (Round your answer to 2 decimal places.)
b. The total fixed cost this month.
c. The variable cost per cookie this month. (Round your answer to 4 decimal places.)
d. The fixed cost per cookie this month. (Round your answer to 2 decimal places.)
e. The total variable cost if Cactus Cookies had manufactured 2,000 cookies this month. (Do not round your intermediate calculations.)
f. The total fixed cost if Cactus Cookies had manufactured 2,000 cookies this month.
g. The variable cost per cookie if Cactus Cookies had manufactured 2,000 cookies this month. (Do not round your intermediate calculations. Round your answer to 4 decimal places.)
h. The fixed cost per cookie if Cactus Cookies had manufactured 2,000 cookies this month. (Round your answer to 3 decimal place)
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Fundamentals Of International Financial Accounting And Reporting
Authors: Roger Hussey
1st Edition
9814280232, 9789814280235
