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BlackZzzverrR [31]
3 years ago
7

Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 4,100 units, its aver

age costs per unit are as follows: Average Cost per Unit Direct materials $ 6.70 Direct labor $ 3.40 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 3.80 Fixed selling expense $ 0.70 Fixed administrative expense $ 0.55 Sales commissions $ 0.45 Variable administrative expense $ 0.45 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,100 units
Business
1 answer:
Lina20 [59]3 years ago
4 0

Answer:

$63,140

Explanation:

For computing the total amount of product cost first we have to find out the total product cost per unit which is shown below

Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit.

= $6.70 + $3.40 + $1.50 + $3.80

= $15.40

Now the

Product cost is

= units produced × cost per unit

= 4,100 units × $15.40

= $63,140

We simply applied the above formulas

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Answer:

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Explanation:

4 0
3 years ago
Costs that differ directly with the level of production are known as ________.
Ivanshal [37]
<span>Costs that differ directly with the level of production are known as variable cost</span>
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3 years ago
Assume that on September 30​, 2017​, Flyair​, an international airline based in​ Germany, purchased a Jumbo aircraft at a cost o
Murrr4er [49]

Answer: Highest income=The units of Production method of depreciation with $3,412,500

Lowest income=double declining depreciation method with $18,000,000

Explanation:

a) Using Straight line depreciation method

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b)Using  Units-of-production depreciation method

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=45,000,000 -6,000,000) x (350,000/4,000,000)= $3,412,500

b)Using Double-declining-balance  depreciation method

Depreciation Expense = Beginning book value x Rate of depreciation

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or you use this method directly= 45,000,000/5 x 2= $18,000,000

Now the highest income will come from the depreciation with least expense and from our calculation,  the depreciation method with the least expense is from The units of Production method with $3,412,500

In the same vein, the lowest income will come from the most depreciation expense, therefore the most depreciation expense is from the double declining method with $18,000,000

6 0
3 years ago
Why are rules protecting private property some of the most important rules in a free market system?
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6 0
3 years ago
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At its date of incorporation, Wilson, Inc. issued 100,000 shares of its $10 par common stock at $11 per share. During the curren
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Explanation:

The journal entry to record the re-issuance of the stock is shown below:

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8 0
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