Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Schonhardt Corporation's relevant range of activity is 2,200 units to 5,000 units. When it produces and sells 3,600 units, its average costs per unit are

Schonhardt Corporation's relevant range of activity is 2,200 units to 5,000 units. When it produces and sells 3,600 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $7.55 Direct labor $2.80 Variable manufacturing overhead $1.50 Fixed manufacturing overhead $3.00 Fixed selling expense $0.90 Fixed administrative expense $0.60 Sales commissions $0.70 $0.60 Variable administrative expense If 4,000 units are produced, the total amount of fixed manufacturing cost incurred is closest to: Multiple Choice $14,400 $10,800 $10,080 $14,040 D During the month of May, direct labor cost totaled $11,720 and direct labor cost was 40% of prime cost. If total manufacturing costs during May were $79,100, the manufacturing overhead was: Multiple Choice $49,800 $29,300 $67,380 $17,580 Macy Corporation's relevant range of activity is 3,300 units to 8,500 units. When it produces and sells 5,900 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $4.70 Direct labor $3.15 Variable manufacturing overhead $1.15 Fixed manufacturing overhead $4.30 Fixed selling expense $1.10 Fixed administrative expense $0.65 Sales commissions $1.05 $0.55 Variable administrative expense If the selling price is $24.00 per unit, the contribution margin per unit sold is closest to: Multiple Choice) $16.15 $6.35 $13.40 $9.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Managerial Accounting An Introduction To Concepts Methods And Uses

Authors: Arnold I. Davidson

2nd Edition

0030597269, 978-0030597268

More Books

Students also viewed these Accounting questions