Answer:
d. $28,700.
Explanation:
The computation of the budgeted selling cost for the given month is shown below:
= Fixed selling cost + variable selling cost
= $20,000 + $290,000 × 3%
= $20,000 $+ $8,700
= $28,700
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Hence, the correct option is d. $28,700
Answer:
Results are below.
Explanation:
Giving the following information:
Miles Driven Total Cost
January 10,000 $17,000
February 8,000 13,500
March 9,000 14,400
April 7,000 12,500
<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)
Variable cost per unit= $1.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,000 - (1.5*10,000)
Fixed costs= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 12,500 - (1.5*7,000)
Fixed costs= $2,000
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Answer:
a. 105
b. For machining $130
For assembly $50
Explanation:
a. The computation of the company's current plant-wide overhead rate is shown below:-
Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours
= $1,050,000 ÷ 10,000
= 105
b. The computation of refined departmental overhead rates is shown below:-
Departmental overhead cost = Overhead cost of department ÷ Cost driver of department
For machining
= $650,000 ÷ 5,000
= $130
For Assembly
= $400,000 ÷ 8,000
= $50
