Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Company uses account analysis to estimate total overhead costs for each month, with units produced as the activity measure. In May, when production was
X Company uses account analysis to estimate total overhead costs for each month, with units produced as the activity measure. In May, when production was 1,000 units, the plant manager classified each overhead cost item as fixed and variable as follows: Cost Item Utilities Supplies Maintenance Total Cost $23,600 $23,000 $18,500 Cost Behavior 100% variable 80% variable 100% fixed If September production is expected to be 1,180 units, what are estimated total overhead costs in September fround unit costs to two decimal places? X Company used the high-low method with information from April and September, to predict monthly factory costs. In April, factory costs were 56,605, and 1,750 units were produced. In September, factory costs were $11,640, and 4,400 units were produced. What are estimated total fixed factory costs in December, when the company expects to produce 3,050 units? 1075 Submit Answer Incorrect. Tries 1/3 Previous Tries In 2020, X Company's revenue was $193,500, its total variable costs were $131,580, and its fixed costs were $92,800. For 2021, the company assumes that the relationship between revenue and variable costs will not change but that fixed costs will increase by 1996. With a 40% tax rate, what will revenue have to be in 2021 in order for X Company to earn $39,100 after taxes? 493047 Submit Answer Incorrect. Tries 1/3 Previous Tries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started