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Cavy Company estimates that total factory overhead for the following year will be $1,834,000. The company has decided that the basis for applying factory overhead
Cavy Company estimates that total factory overhead for the following year will be $1,834,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 26,200 hours. The actual machine hours for the month of April for all of the jobs were 3,730. If the actual factory overhead totaled $255,095, determine the over- or underapplied amount for the month. Enter the amount as a positive number. Overapplied Underapplied Bluegill Company sells 10,400 units at $280 per unit. Fixed costs are $145,600, and income from operations is $1,892,800. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio per unit % The manufacturing costs of Mocha Industries for 3 months of the year are as follows: April May Total Cost $103,582 109,588 Production 2,270 units 3,180 4,610 June 119,026 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit per unit b. Total fixed costs
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