High-LowBiblio Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the data,answer questions (1) through (3) that follow.Units Produced4,360 units3001,0005,8001,7503,015JanuaryFebruaryMarchAprilMayJune$65,6006,25015,00088,75032,50048,0001. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs = (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost.Complete the following table.Total Fixed CostVariable Cost per Unit152. With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced).Total Cost0Number ofUnits Produced3,5004,3605,800Total Cost Mastery Problem: Cost-Volume-Profit AnalysisCost BehaviorCover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow.TotalTotalLumber UtilitiesCost$11,85022,200Cost9,000 shelves $99,000$120,00018,000 shelves 198,000120,00036,000 shelves 396,000 42,900120,00045,000 shelves 495,000 53,250120,0001. Determine whether the costs in the table are variable, fixed, mixed, or none of these.Variable CostMixed CostFixed CostUnitsProducedLumberUtilitiesDepreciation2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost.Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places.CostLumberUtilitiesDepreciationFixed Portionof Cost$0Total MachineDepreciationCost1,000120,000Variable Portionof Cost (per Unit)$111.150

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o Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the ver questions (1) through (3) that follow. Units Produced Total Cost 4,360 units 300 1,000 5,800 1,750 3,015 $65,600 6,250 15,000 88,750 32,500 e 48,000 rom the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost plete the following table. Total Fixed Cost Variable Cost per Unit 15 0 With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Jary ruary ch 1 3,500 4,360 5,800 Total Cost

o Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the ver questions (1) through (3) that follow. Units Produced Total Cost 4,360 units 300 1,000 5,800 1,750 3,015 $65,600 6,250 15,000 88,750 32,500 e 48,000 rom the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost plete the following table. Total Fixed Cost Variable Cost per Unit 15 0 With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Jary ruary ch 1 3,500 4,360 5,800 Total Cost

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter27: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 18E: Cost of quality and value-added/non-value-added reports for a service company A. Using the...

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Mastery Problem: Cost-Volume-Profit Analysis Question Content Area Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 11,000 shelves $121,000    $14,650    $140,000    22,000 shelves 242,000    27,300    140,000    44,000 shelves 484,000    52,600    140,000    55,000 shelves 605,000    65,250    140,000    1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed…
Question Content Area needing anwser to #2B Mastery Problem: Cost-Volume-Profit Analysis Question Content Area Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000    $9,550    $140,000    14,000 shelves 168,000    17,600    140,000    28,000 shelves 336,000    33,700    140,000    35,000 shelves 420,000    41,750    140,000    1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total…
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 6,000 shelves $72,000    $7,900    $135,000    12,000 shelves 144,000    14,800    135,000    24,000 shelves 288,000    28,600    135,000    30,000 shelves 360,000    35,500    135,000    2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber $fill in the blank…
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,550 $140,000 14,000 shelves 168,000 17,600 140,000 28,000 shelves 336,000 33,700 140,000 35,000 shelves 420,000 41,750 140,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion…
Mastery Problem: Cost-Volume-Profit Analysis Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cost Cost 9,000 shelves $99,000 $11,850 18,000 shelves 198,000 $120,000 22,200 120,000 36,000 shelves 396,000 42,900 120,000 45,000 shelves 495,000 53,250 120,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit)…
Cleveland Foods Data Note: You can download the Excel file containing Cleveland Foods' data by clicking the above link and perform the necessary calculations for answering the upcoming questions. Question 12 (1 point) □ What is the unit contribution of BlueLiq, considering the given information? $0.70 $2.50 $ 1.00 $1.70 $ $ J 0 20% Retail Margin 2.50 Price to consumers (Retail Price) 15% Wholesale Margin 2.00 Price to retailers (Wholesale Price) $ 1.70 Price to Wholesalers Variable Costs $ 0.70 per unit Fixed Costs Variable Manufacturing Costs $300,000 annual $200,000 Corporate Overhead $250,000 Marketing and Advertising $750,000 Total Fixed Costs Cleveland Foods Data Fixed Manufacturing Costs Note: You can download the Excel file containing Cleveland Foods' data by clicking the above link and perform the necessary calculations for answering the upcoming questions. Question 11 (1 point). Listen 4 What is the price at which Cleveland Foods sells BlueLiq to wholesalers? $1.70 $2.50 $1.00
A https://elearn.squ.edu.om/mod/quiz/attempt.php?attempt=1348133&cmid=D7019198&page%=D4#c QU E-learning System (Academic) E-learning services SQU Portal Attendance English (en) SQU Libraries - 5 XYZ Company uses normal costing. Following are various cost and inventory data for the just completed year. Sales revenue OMR410,000; Adjusted gross profit OMR175,000; Selling and admin expenses OMR145,000 ; Overapplied overhead OMR15,000 ; Prime costs OMR155,000; Work in process inventory has increased by OMR10,000 ; Finished goods inventory has decreased manufacturing overhead costs applied to work in process during the year? ut of OMR20,000. How much is the uestion Select one: O a. OMR75,000 O b. OMR85,000 O c. OMR95,000 O d. None of the answers given O e. OMR70,000
ngageNOWv2 | Online teachin X + com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A ★ Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. $60,000 $19,800 Finished goods inventory, June 1 Cost of goods manufactured (e) 69,300 270,000 (c) 516 (a) $188,100 $108,900 Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold 64,000 39,500 (f) (b) (d) $100,200 a. $ 8:27, D 5/2/20 b. C. d. e. f. $ Ś $ $ -- OL i ال اے الكل L 9
Instruction: Read each problem carefully ana proviue h n Prob Problem 1. Classify each of the following costs of Bug Company in two ways: (a) as variable (V) fixed costs (F); (b) as inventoriable costs (I) or period costs (P): Example: Direct labor 1. Salary of company 2. Fire insurance on direct materials controller 3. Property taxes on finished goods held for sale 4. Direct materials used tico of 5. Factory.renty p 6. Sales Commissions R 7. Overtime premium of machine operators 8. Straight-line depreciation of Factory equipment 9. Straight-line depreciation of trucks used for delivery R. of sales to customers 10. Salary of factory supervisor 16
History Bookmarks Profiles Tab Window Help com/courses/423/quizzes/21056/take Maps • The level of sales where total sales is equal to the total costs incurred, thereby results to no income nor loss. 1. Actual sales 2. Budgeted sales 3. Break-even sales 4. Marginal sales O 1 O 2 O 3 O4 Question 18 1 pts • At the break-even point, the total contribution margin equals the 1. Fixed costs 2. Net income before tax 3. Net income after tax 4. Variable costs O 1 O 2 O 3 MacBook Pro G Search or type URL
M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SECs Is My Existarnce 1,260,000 900,000 360,000 D. Net Sales Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? meetgoogie com sarg youreen St shering Hie ET a t Dee D Mt y nE
cation Problems Check my work mode: This shows what is correct or incorrect for the work you hav Required information LEHIGHTON CHALK COMPANY Income Statement Sales revenue Cost of goods sold: Beginning finished-goods inventory Cost of goods manufactured Cost of goods available for sale Ending finished-goods inventory Cost of goods sold Variable selling and administrative costs Total variable costs: Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income NOV > ››› ››› $ ✓ $ ✓$ ✓$ $ ✓$ $ $ Year 1 65,000 Required 1 0 2,500 65,000 $ 0 $ 2,500 0 $ < Prev Saved $ $ tv Year 2 65,000 0 $ 65,000 $ 65,000 2,500 0✓ 0 $ 65,000 0 Pequired 3 1 of 1 MacBook Pro Next alı