Question
Dimitra Frozen Foods, Inc., produces frozen pizzas. For next year, Dimitra predicts that 40,000 units will be produced, with the following total costs: Direct materials
Dimitra Frozen Foods, Inc., produces frozen pizzas. For next year, Dimitra predicts that 40,000 units will be produced, with the following total costs:
Direct materials | $150,000 |
Direct labour | 80,000 |
Variable overhead | 35,000 |
Fixed overhead | 130,000 |
Required:
1. Calculate the prime cost per unit.
2. Calculate the conversion cost per unit.
3. Calculate the total variable cost per unit.
4. Calculate the total product (manufacturing) cost per unit.
Next Question
Leonardo, an accountant for Jones, Inc., has decided to estimate the fixed and variable components associated with the company's repair activity. The following data for the past few months has been collected:
Repair Hours | Total Repair Costs |
10 | $ 800 |
15 | 950 |
20 | 1,400 |
30 | 1,250 |
Required:
Estimate the fixed and variable components for the repair costs using the high-low method. Using the cost formula, predict the total cost of repair if 12 hours are used.
Can you please answer it in 20 miniutes please
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