Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELPP ME Required Required Required Required 1 2 3 4 State Morning Dove's linear cost equation for a production level of 0-1,900 units. Enter answer

HELPP MEimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Required Required Required Required 1 2 3 4 State Morning Dove's linear cost equation for a production level of 0-1,900 units. Enter answer as an equation in the form of y = a + bx. (Round your intermediate calculations and variable cost per unit to 2 decimal places.) Show less Total Cost x + Required Required Required Required 2 3 4 1 Identify each cost as variable, fixed, or mixed, and express each cost as a rate per month or per unit (or combination thereof). (Round your per unit value to 2 decimal places.) Production Costs Behavior Rate Direct Materials Variable Direct labor Variable Utilities Mixed per Unit per Unit per Unit per Unit per Unit per Unit Supervisor's Salary Maintenance per Month per Month per Month per Month per Month per Month Fixed Mixed Depreciation Fixed Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 01,900 units, and monthly production costs for the production of 1,600 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Total Cost $ 2,700 7,500 Production Costs Direct materials Direct labor Utilities ($140 fixed) Supervisor's salary Maintenance ($320 fixed) Depreciation 620 2,500 510 800 Required: 1. Identify each cost as variable, fixed, or mixed, and express each cost as a rate per month or per unit (or combination thereof). 2. Determine the total fixed cost per month and the variable cost per unit for Morning Dove. 3. State Morning Dove's linear cost equation for a production level of 0-1,900 units. Enter answer as an equation in the form of y = a + bx. 4. Calculate Morning Dove's expected total cost if production increased to 1,800 units per month. Enter answer as an equation in the form of y = a + bx. Complete this question by entering your answers in the tabs below. LLLLLLLL Required Required Required Required 1 2 3 Calculate Morning Dove's expected total cost if production increased to 1,800 units per month. Enter answer as an equation in the form of y = a + bx. (Round intermediate calculations and variable cost per unit to 2 decimal places.) Show less A a + b = y $ 0

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

Students also viewed these Accounting questions