Within the context of Jennifer Aaker's analysis, identify the brand personality that can be associated with a new product whose
1 answer:
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Answer:
$409185
Explanation:
Given: Budgeted output units: 28,475 units
Budgeted machine-hours: 17,085 hours
Budgeted variable manufacturing overhead costs for 28,475 units: $358,785
Actual output units produced: 32,475 units
Actual machine-hours used: 15,000 hours
Actual variable manufacturing overhead costs: $384,060.
First, we will find Budgeted machine hour per unit produced.
Budgeted machine hour per unit produced=
⇒
∴Budgeted machine hour per unit produced= 0.6
Budgeted machine hours allowed for 32475 units=
Budgeted variable overhead rate per machine hour=
Budgeted variable overhead rate per machine hour=
Now, lets find out flexible budget amount.
Flexible budget amount=
Flexible budget amount=
∴Flexible budget amount for variable manufacturing overhead= $409185
Answer:
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Answer:
1) The total cost of production (TC) is $32,802.
2) The variable cost per unit is $9/unit.
3) Cost equation:
4) TC=$35,145
5) TC=$33,702
6) Difference=$1,443
The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.
Explanation:
1) The total cost of production can be calculated as the product of the cost per unit ($23.43/unit) and the total ammount of units (1,400 units):
The total cost of production (TC) is $32,802.
2) The fixed cost (FC) are $20,202, so the variable cost are:
This is the variable cost for 1,400 mailboxes, so the unit variable cost is:
The variable cost per unit is $9/unit.
3) The equation of cost can be written as:
4) If it uses the average cost tot predict the cost of 1,500 mailboxes, he will get:
5) If he uses the cost function, he will get
6) The dollar difference between the two estimates is:
The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.
The average cost per unit is not constant for every quantity and the error will increase if the quantity is much different from 1,300 units.