Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Good Morning, I am needing assistance with this assignment. Please advise. Thank you. 1. At the various activity levels shown, Harper Company incurred the following

Good Morning,

I am needing assistance with this assignment. Please advise. Thank you.

1.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
At the various activity levels shown, Harper Company incurred the following costs: Units sold 26 46 66 86 166 a. Rental cost per- unit of merchandise sold $36.66 $18.66 $12.66 $9.66 $7.26 b. Total phone expense 86.66 166.66 126.66 146.66 166.66 c. Cost per- unit of supplies 1.66 1.66 1.66 1.66 1.66 d. Total insurance cost 436.66 486.66 486.66 486.66 486.66 e. Total salary.r cost 1,266.66 1,666.66 2,666.66 2,466.66 2,866.66 1'. Total cost of goods sold 1,866.66 3,666.66 5,466.66 2,266.66 6,666.66 3. Depreciation cost per' unit 246.66 126.66 86.66 66.66 48.66 h. Total rent cost 3,266.66 3,266.66 3,266.66 3,266.66 3,266.66 1. Total cost of shopping bags 2.66 4.66 5.66 3.66 16.66 j. Cost per unit of merchandise sold 96.66 66.66 96.66 96.66 66.66 Required Identify each of these costs as fixed, variable, or mixed. a. Rental 0061 per unit of merchandise sold b. Total phone expense 0. Cost per unit of supplies cl. Total insuranoe oust 9. Total salary cost i. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost E i. Total cost of shopping bags j. Cost per unit of merchandise sold Finch Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown In the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Total costs incurred l Fixed $ 34.000 Variable $ 150.000 Total costs Cost per unit Fixed Variable Total cost per trophy Vernon Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is11.000.11,500,12,000,12.500.or13.000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B What are the total band cost and the cost per person if concert attendance is 11,000, 11,500, 12,000, 12,500, or 13,000? Note: Round \"Cost per person" answers to 2 decimal places. Total cost of concert Cost per person Vernon Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $55.000 per concert. Required 3. What are the total band cost and the cost per person if concert attendance is11,000,11,500,12.000,12,500. or 13,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B Is the cost of hiring the band a xed or a variable cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds

8th edition

978-1259569197

More Books

Students also viewed these Accounting questions