Question
Please show your work. Question 1: At an activity level of 8,800 units, Pember Corporation's total variable cost is $146,520 and its total fixed cost
Please show your work.
Question 1:
At an activity level of 8,800 units, Pember Corporation's total variable cost is $146,520 and its total fixed cost is $219,296. For the activity level of 8,900 units, compute the following values.
Required:
A. The total variable cost
B. The total cost
C. The average variable cost per unit
D. The average fixed cost per unit
E. The average total cost per unit
Note: Assume that the activity level is within the relevant range.
Question 2:
Job 397 was recently completed. The following data have been recorded on its job cost sheet
Direct materials .......................................$59,400
Direct labor-hours....................................1,254 DLHs
Direct labor wage rate ..............................$11 per DLH
Number of units completed ......................3,300 units
The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $37 per direct labor-hour.
Required:
What is the unit product cost that would appear on the job cost sheet for this job?
Question 3:
Carver Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process...................................................................700
Percent complete with respect to materials .......................50%
Percent complete with respect to conversion.....................40%
Units started into production during the month ..................23,000
Work in process, ending:
Units in process..................................................................700
Percent complete with respect to materials ......................50%
Percent complete with respect to conversion....................40%
Required:
Using the weighted-average method, what are the equivalent units of production for materials and for conversion costs?
Question 4:
Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August.
Materials Conversion
Work in process, August 1 . $31,734 $30,320
Cost added to production in the Mixing
Department during August.. $91,332 $81,864
Equivalent units of production for August 7,740 7,580
Required:
What are the cost per equivalent unit for materials and the cost per equivalent for conversion for the Mixing Department for August using the FIFO method?
Question 5:
Maddaloni International, Inc. produces and sells a single product. The product sells for $160.00 per unit and its variable expense is $46.40 per unit. The company's monthly fixed expense is $219,248.
Required:
What is the monthly break-even in total dollar sales?
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