Ask Experts Questions for FREE Help !
Ask
    Slybone's Avatar
    Slybone Posts: 33, Reputation: 1
    Junior Member
     
    #1

    Jul 13, 2008, 12:48 PM
    Cost Behavior
    The question states the following.

    A partially completed schedule of the company's total and per unit costs over a relevant range of 54,000 to 94,000 units produced and sold each year is given. Complete the schedule of the company's total and unit costs below.

    It provided the highlighted parts and the rest was computed by me. I just want to confirm that It is correct.


    hours of operating time
    54000 74000 94000
    total costs
    variable 162000 222000 282000
    fixed 360000 360000 360000
    total costs 522000 582000 642000

    Costs per hour
    variable 3 3 3
    fixed 6.67 4.86 3.83
    total cost per hr 9.67 7.86 6.83
    Slybone's Avatar
    Slybone Posts: 33, Reputation: 1
    Junior Member
     
    #2

    Jul 13, 2008, 12:50 PM
    It didn't really display right... here it is again as an image

    the second image is the one that shows how I got the answer

    The variable costs were done by multiplying Variable cost per hr by operating time.
    Attached Images
      
    Criado's Avatar
    Criado Posts: 142, Reputation: 15
    Junior Member
     
    #3

    Jul 13, 2008, 12:58 PM
    It looks perfect to me. :)
    Slybone's Avatar
    Slybone Posts: 33, Reputation: 1
    Junior Member
     
    #4

    Jul 13, 2008, 01:08 PM
    Attached is the second part of this question and my answer.

    Its not really the numbers I am worried about... its more the categories. I'm usually OK at income statements but It never hurts to double check with someone else.
    Attached Images
     
    Criado's Avatar
    Criado Posts: 142, Reputation: 15
    Junior Member
     
    #5

    Jul 13, 2008, 08:41 PM
    The categories are correct. :)
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #6

    Jul 14, 2008, 12:14 AM
    The numbers are correct too.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Cost Behavior [ 1 Answers ]

The cost of a store displays is that a fixed cost or variable or mixed cost

Financial Statements: Cost Behavior [ 3 Answers ]

1 Finished goods inventory. $16,000 2. Finished goods inventory. $14,000 3. Depreciation, factory $21,000 4. Administrative expenses $45,000 5. Utilities, factory $12,000 6. Maintenance, factory $26,000 7....


View more questions Search