Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips Flour Butter Sugar Other ingredients Labor wages Rent

image text in transcribedimage text in transcribedimage text in transcribed

Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips Flour Butter Sugar Other ingredients Labor wages Rent on manufacturing space Utilities (paid at a monthly rate) Depreciation on kitchen equipment $ 55.00 $ 35.00 $ 67.50 $ 36.00 $ 31.00 $350.00 $ 300.00 $ 60.00 $ 90.00 Calculate each of the following: a. The total variable cost this month. (Round your answer to 2 decimal places.) Total Variable Cost b. The total fixed cost this month. Total Fixed Cost c. The variable cost per cookie this month. (Round your answer to 4 decimal places.) Variable Cost d. The fixed cost per cookie this month. (Round your answer to 2 decimal places.) Fixed Cost e. The total variable cost if Cactus Cookies had manufactured 2,000 cookies this month. (Do not round your intermediate calculations.) Total Variable Cost f. The total fixed cost if Cactus Cookies had manufactured 2,000 cookies this month. Total Fixed Cost g. The variable cost per cookie if Cactus Cookies had manufactured 2,000 cookies this month. (Do not round your intermediate calculations. Round your answer to 4 decimal places.) Variable Cost h. The fixed cost per cookie if Cactus Cookies had manufactured 2,000 cookies this month. (Round your answer to 3 decimal place) Fixed Cost

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

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

Accounting And Finance For Non-Specialists

Authors: Eddie McLaney, Peter Atrill

11th Edition

1292244011, 9781292244013

More Books

Students also viewed these Accounting questions

Question

What background experience do you have?

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago