Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are doing a cost analysis for Burgandy Company. Presented below is cost data for the cost data for the company and represents the

You are doing a cost analysis for Burgandy Company. Presented below is cost data for the cost data for the company and repres

You are doing a cost analysis for Burgandy Company. Presented below is cost data for the cost data for the company and represents the monthly average of the previous 12 months of data. Burgandy monthly average Rent on plant building Plant Supervisor Salary Fixed plant Utility and General Maintenance Cost Variable plant Utility and General Maintenance Cost Fixed Sales Staff Cost $ Units Produced HINT 99,766.00 15,005.00 $ 75,183.00 5% $ 39,891.00 Per Month Of Sales 2% 5,097.00 1% Per Month Of Sales 19.08 Per Unit 9.70 Per Unit suu $ Variable Commisioned Sales Fixed delivery Truck Cost Variable delivery Truck Cost Direct Material Cost are Direct Labor Cost are Average monthly sales of 17932 units at $54.57 per unit. 1) Classify each of the cost as either fixed or variable cost. 2) Classify each of the cost as either product or period cost. 3) Classify each product cost as either direct material, direct labor or manufacturing overhead. 4) What is the average monthly Prime Cost using cost data presented? 5) What is the average monthly Conversion Cost using cost data presented? Presented below is actual cost data for the company for one of its lines of production. Month $ $ $ Actual Cost January February March April May June Using the High-Low Method answer the following questions. 7) What is the estimated variable cost per unit. Answer with 4 digits of precision and use that number for all calculations 8) What is the fixed cost estimate. 8) In July the company anticipates that it will produce 17499 units. What is the expected cost? 20,958 $ 23,069 $ 15,004 $ 16,904 $ 10,011 $ 19,050 $ If units produced in August were 20,000 then the estimated cost will be Per Month Per Month Per Month Of Sales 839,780 900,240 704,921 749,757 449,831 780,138 $ 794,381.00

Step by Step Solution

3.59 Rating (156 Votes )

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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

More Books

Students also viewed these Accounting questions

Question

What is df for a Pearson r if N = 212?

Answered: 1 week ago

Question

What does the slope in a simple linear regression model measure?

Answered: 1 week ago

Question

What are the 5 Cs of marketing channel structure?

Answered: 1 week ago