Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to compute the fixed and variable costs associated with the leasing of machinery. Data for the past four months are as follows: September October November December Number of units produced 12,000 12,500 10,500 9,000 Total manufacturing cost $435,670 $451,575 $387,400 $339,470 Required (A) Using the high-low method, construct the cost formula for manufacturing costs. Round answers to two decimal places. (B) Using the cost formula from (A), estimate the cost of producing 11,000 units. (C) Use CVP analysis to compute the break-even point in units. Round answers up to the nearest whole number. Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to compute the fixed and variable costs associated with the leasing of machinery. Data for the past four months are as follows: September October November December Number of units produced 12,000 12,500 10,500 9,000 Total manufacturing cost $435,670 $451,575 $387,400 $339,470 Required (A) Using the high-low method, construct the cost formula for manufacturing costs. Round answers to two decimal places. (B) Using the cost formula from (A), estimate the cost of producing 11,000 units. (C) Use CVP analysis to compute the break-even point in units. Round answers up to the nearest whole number.
Expert Answer:
Answer rating: 100% (QA)
Requirement A Cost formula y 3203x 51200 Working notes iVariable cost per unit Highest a... View the full answer
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Posted Date:
Students also viewed these marketing questions
-
A Company produces a single product which sells for $20 per unit. Variable Cost is $15 and fixed cost for the year is $630,000 Required: (1) Calculate Sales value needed to earn profit of 10% on...
-
List several fixed and variable costs associated with owning and operating an automobile. Suppose you are considering whether to drive your car or fly 1000 miles to Florida for spring break. Which...
-
The Herald Company manufactures and sells a single product which sells for $50 per unit and has a contribution margin ratio of 30%. The company's monthly fixed expenses are $25,000. If Herald desires...
-
Assume that global lightning on the Earth constitutes a constant current of 1.00 kA between the ground and an atmospheric layer at potential 260 kV. (a) Find the power of terrestrial lightning. (b)...
-
Answer questions ac on HHI. a. What would the HHI be for an industry made up of one firm with 30 percent of the market, and 14 firms, each with 5 percent of the market? b. What would the HHI be if...
-
Under what conditions are H and U for a reaction involving gases and/or liquids or solids identical?
-
Find the area to the right of 29.141 under the chi-square distribution with 14 degrees of freedom.
-
As a manufacturer of athletic shoes whose image, indeed performance, is widely regarded as socially responsible, you find your costs increasing. Traditionally, your athletic shoes have been made in...
-
Solve: (5)*+1 = 25x
-
Slopes Inc. manufactures and sells snowboards. Slopes manufactures a single model, the Pipex. In the summer of 2015, Slopes's accountant gathered the following data to prepare budgets for 2016. These...
-
You work at a small cosmetics company that currently tests their products on animals. You feel strongly that the company should stop the practice of animal testing and implement a more humane...
-
Distinguish between gas and vapour.
-
What are the drawbacks of barrel calorimeter ?
-
Which calorimeter is used for a very wet steam ?
-
Why is viscous damping used in vibration isolation, since it has a negative effect on vibration isolation?
-
Differentiate between wet, dry saturated and superheated steam.
-
Signal/proton type 1 Signal/proton type 2 Signal/proton type 3 A H. Chemical shift (ppm) 2.56 1.98 1.04 O B Number of protons 1 3 6 Based on the NMR spectrum, what chemical is this? C Splitting...
-
Use the formula to determine the value of the indicated variable for the values given. Use a calculator when one is needed. When necessary, use the key on your calculator and round answers to the...
-
Benson Pharmaceuticals uses a process-costing system to compute the unit costs of the over-the-counter cold remedies that it produces. It has three departments: Picking, Encapsulating, and Bottling....
-
Target is which of the following? a. Retailer b. Wholesaler c. Manufacturing firm d. Service firm e. None of the above
-
In the coming year, Gascon Company expects to sell 74,600 units at $30 each. Gascons controller provided the following information for the coming year. Units production .............80,000 Unit...
-
Determine the angular acceleration \(\dot{\omega}_{2}\) of crank \(A D\) in Sample Problem 7/3 for the conditions cited. Also find the angular acceleration \(\dot{\omega}_{n}\) of link \(A B\)....
-
The electric motor with an attached disk is running at a constant low speed of \(120 \mathrm{rev} / \mathrm{min}\) in the direction shown. Its housing and mounting base are initially at rest. The...
-
The motor housing and its bracket rotate about the \(Z\)-axis at the constant rate \(\Omega=3 \mathrm{rad} / \mathrm{s}\). The motor shaft and disk have a constant angular velocity of spin \(p=8...
Study smarter with the SolutionInn App