Question: Check only the correction statements below. Check the incorrect statements will result in losing a half of the points for a correct statement. ABC Inc.
Check only the correction statements below. Check the incorrect statements will result in losing a half of the points for a correct statement. ABC Inc. plans to expand the production by replacing the existing capital equipment. The following information is available.
| Last period | This period | |
| Production (units) | 2,000 | 2,500 |
| materials (pounds) | 2,500 | 2,500 |
| cost per unit | $0.50 | $0.45 |
| labor (hrs) | 300 | 325 |
| labor rate | $17.00 | $17.00 |
| capital equipment | $12,000 | $15,000 |
| capital equipment fully depreciated, in periods | 3 | 3 |
| energy, units | 6,000 | 5,000 |
| energy rate | $0.12 | $0.12 |
| other overhead (is part of fixed costs) | $3,000 | $3,000 |
| selling price/unit | $10.00 | $10.25 |
Group of answer choices
unit cost of labor, this period, is $2.21.
total annual variable cost, this period, is $2.90.
breakeven point for this period is not $1,088
unit cost of labor, last period, was $2.50.
total annual cost, this period, is $6.10.
% cost change in capital cost per unit output between the two periods is 0.00.
breakeven point for last period was 1,088.
unit cost of energy, last period, was $720.
total annual cost, last period, was $7.04.
% change in contribution, this period compared with last period is (0.14)
% cost change in material cost per unit output between the two periods is not 0.28.
% cost change in energy cost per unit output between the two periods is (0.33).
unit cost of materials, this period, is not $.045.
unit variable cost, last period, was $7,070.
unit cost of energy, this period, is not $600.
% cost change per unit output between the two periods is 0.13.
unit cost of materials, last period, was $0.45.
% cost change in labor cost per unit output between the two periods is not 0.13.
total annual variable cost, last period, was not $3.54.
unit variable cost, this period, is $2.90.
Flag question: Question 12
Question 122 pts
The sales data from period 1-7 are as the follows: 53, 58, 63, 71, 67, 69, and 78. Using 5 period weighted moving average forecasted the sales in Period 6 and 7 are:
Group of answer choices
66.10 in period 7
65.13 in period 6.
63.50 in period 6.
67.33 in period 7
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
Study Help