J a) You are given the cost and volume information below:+ VolumeCost+ 1 unit 10 units 100 units $ 15+ 150+ 1500 What type of a cost is given?+ a. fixed cost+ b. variable cost+ c. step cost+ d. mixed cost+ e. rent cost.
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- Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costcator=&inprogress3Dfalse Calculator Calculate the per-unit contribution margin of a product that has a sale price of $420 if the variable costs per unit are $160. Contribution margin $ per unitAssume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEE
- Which of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 44) Determine the missing amounts. Contribution Contribution Unit Selling Price Unit Variable Costs Margin Per Unit Margin Ratio 1. $300 $180 A в 2. $600 C $210 D 3. E F $300 30%Determine the missing amounts in the following table: unit sales price unit varible costs unit contribution margin contribution margin ratio (%) $22 10 10 24 50 25
- The amount of a units sales price that helps to cover fixed expenses is its ____________________. A. contribution margin B. profit C. variable cost D. stepped costEvaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Hours of January February March April May June July August September October November December Sum Average A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate R² T-value a T-value b Activity 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 49.515 0.12126 Maintenance Costs 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $ $ 43,200 3,600 684.65 7.2884 34.469 0.99724 13.827 60.105 What is the variable cost per hour using the high-low…
- 5. Determine the missing values: (Show your workings clearly) S.No. Unit Selling Unit Variable Cost Contribution Margin Per Price Contribution Margin Ratio (b) (d) Unit 1. 250 170 (a) 2. 100 (c) (f) (h) 30 3. (e) 300 15% 4. 2500 (g) 25% 5. 2300 (i) 726 ()Determine the missing values: (Show your workings clearly) S.No. Unit Selling Price Unit Variable Cost Contribution Margin Per Unit Contribution Margin Ratio 1. 250 170 (a) (b) 2. 100 (c) 30 (d) 3. (e) (f) 300 15% 4. 2500 (h) (g) 25% 5. 2300 (i) 726 (j)Cost Activity (units)56 4 62 5 80 7 72 7 88 9 94 10 1. Calculate the fixed cost per period2. Calculate the variable cost per unit3. Write the linear equation