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Required information [The following information applies to the questions displayed below. ] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When
Required information [The following information applies to the questions displayed below. ] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average thPM Unit Direct materials $ 5.70 Direct labor $ 3.20 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 2.70 Fixed administrative expense $ 2.10 Sales commissions $ 1.10 Variable administrative expense $ 0.55 4. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? Note: Round your answer to 2 decimal places. Variable cost per unit sold 0 Required information [The following information applies to the questions displayed belo w.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials $ 5.70 Direct labor $ 3.20 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 2.70 Fixed administrative expense $ 2.10 Sales commissions $ 1.10 Variable administrative expense $ 0.55 7. If 8,000 units are produced, what is the average fixed manufacturing cost per unit produced? Note: Round your answer to 2 decimal places. Required information [The following information applies to the questions displayed be/o w.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct materials $ 5.70 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense 11. If 8,000 units are produced, what is the total manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per-unit basis? Note: Round your "per unit" answer to 2 decimal places. Total manufacturing overhead cost Manufacturing overhead per unit Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,000 and the variable cost per cup of coffee served is $0.66. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. Note: Round the "Average cost per cup of coffee served" to 3 decimal places. Fixed cost Variable cost Total cost Average cost per cup of coffee sewed Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12,000 Selling price per unit $ 16 Variable selling expense per unit $ 1 Variable administrative expense per unit $ 1 Total fixed selling expense $ 18,000 Total fixed administrative expense $ 14,000 Beginning merchandise inventory $ 10,000 Ending merchandise inventory $ 25,000 Merchandise purchases $ 86,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement. Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12,860 Selling price per unit $ 16 Variable selling expense per unit $ 1 Variable administrative expense per unit $ 1 Total fixed selling expense $ 18 Total fixed administrative expense $ 14 Beginning merchandise inventory $ 10,060 Ending merchandise inventory 3; 25 Merchandise purchases 5; 86 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Required information [The following information applies to the questions displayed below] Kubin Company's relevant range of production is 14,000 to 20,500 units. When it produces and sells 17,250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.50 Direct labor $ 4.50 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 5.50 Fixed selling expense $ 4.00 Fixed administrative expense $ 3.00 Sales commissions $ 1.50 Variable administrative expense $ 1.00 Required: 1. What is the incremental manufacturing cost incurred ifthe company increases production from 17,250 to 17,251 units? 2. What is the incremental cost incurred ifthe company increases production and sales from 17,250 to 17,251 units? 3. Assume Kubin Company produced 17,250 units and expects to sell 17,000 ofthem. If a new customer unexpectedly emerges and expresses interest in buying the 250 extra units that have been produced by the company and would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer? 4. Assume Kubin Company produced 17,250 units and expects to sell 17,000 ofthem. If a new customer unexpectedly emerges and expresses interest in buying the 250 extra units that have been produced by the company and would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer? The following cost data pertain to the operations of Montgomery Department Stores, Incorporated, for the month of July Corporate legal office salaries $ 65,600 Apparel Department cost of salesEvendale Store $ 107,100 Corporate headquarters building lease $ 58,600 Store manager's salaryEvendale Store $ 19,900 Apparel Department sales commissionEvendale Store $ 11,600 Store utilitiesEvendale Store $ 12,200 Apparel Department manager's salaryEvendale Store $ 8,050 Central warehouse lease cost $ 24,600 Janitorial costsEvendale Store $ 11,500 The Evendale Store is one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company's stores. Required: 1. What are the total direct costs of the Apparel Department? 2. What are the total direct costs of the Evendale Store? 3' Of the Apparel Department's direct costs, how much are variable with respect to total departmental sales? 1. Total direct costs for the Apparel Department 2. Total direct costs for the Evendale Store 3. Total direct costs for the Apparel Department that are also variable costs Dozier Company produced and sold 1,000 units during its rst month of operations. It reported the following costs and expenses for the month: Direct materials $ 88,000 Direct labor $ 44,500 Variable manufacturing overhead $ 22,600 Fixed manufacturing overhead 33,700 Total manufacturing overhead $ 56,300 Variable selling expense $ 15,800 Fixed selling expense 25,600 Total selling expense $ 41,400 Variable administrative expense $ 5,900 Fixed administrative expense 28,800 Total administrative expense $ 34,700 Requhed: 1' With respect to cost classifications for preparing financial statements: a What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects: a. What is the total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3' With respect to cost classifications for manufacturers: a' What is the total manufacturing cost? b. What is the total nonmanufacturing cost? c. What are the total conversion cost and prime cost? 4. With respect to cost classifications for predicting cost behavior: a. What is the total variable manufacturing cost? b. What is the total fixed cost for the company as a whole? c' What is the variable cost per unit produced and sold? 54 With respect to cost classifications for decision making: a If Dozier had produced 1,001 units instead of 1,000 units, how much incremental manufacturing cost would it have incurred to make the additional unit
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