Question

Hill Company plans to produce 300,000 units next year. The production budget for this level of...

Hill Company plans to produce 300,000 units next year. The production budget for this level of activity is: Labor $600,000. Ingredient costs $450,000. Packaging $150,000. Rent $225,000. Depreciation $80,000. Other fixed costs $55,000.

REQUIRED: Calculate the total cost and the cost per unit if the production level is changed to 315,000 units.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Calaculation of total cost and Cost per unit ( if production level is at 315000units ).

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Lasser Company plans to produce 21,000 units next period at a denominator activity of 63,000 direct...
Lasser Company plans to produce 21,000 units next period at a denominator activity of 63,000 direct labor-hours. The direct labor wage rate is $12.00 per hour. The company's standards allow 2 yards of direct materials for each unit of product; the material costs $7.70 per yard. The company's budget includes variable manufacturing overhead cost of $1.60 per direct labor-hour and fixed manufacturing overhead of $396,900 per period. Required: 1. Using 63,000 direct labor-hours as the denominator activity, compute the predetermined...
The master budget of Sunland Company shows that the planned activity level for next year is...
The master budget of Sunland Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $820000 Machine supplies 120000 Indirect materials 150000 Depreciation on factory building 120000 Total manufacturing overhead $1210000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of?
The master budget of Sunland Company shows that the planned activity level for next year is...
The master budget of Sunland Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $760000 Machine supplies 210000 Indirect materials 210000 Depreciation on factory building 150000 Total manufacturing overhead $1330000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget Sales (12,000 units × $203 per unit) $ 2,436,000 Cost of goods sold Direct materials $ 300,000 Direct labor 504,000 Production supplies 324,000 Plant manager salary 100,000 1,228,000 Gross profit 1,208,000 Selling expenses Sales commissions 108,000 Packaging 180,000 Advertising 100,000 388,000 Administrative expenses Administrative salaries 150,000 Depreciation—office equip. 120,000 Insurance 90,000 Office rent 100,000 460,000 Income from operations $ 360,000 (1)...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter reveals the following. Fixed Budget Sales (12,000 units × $211 per unit) $ 2,532,000 Cost of goods sold Direct materials $ 300,000 Direct labor 528,000 Production supplies 324,000 Plant manager salary 100,000 1,252,000 Gross profit 1,280,000 Selling expenses Sales commissions 108,000 Packaging 168,000 Advertising 100,000 376,000 Administrative expenses Administrative salaries 150,000 Depreciation—office equip. 120,000 Insurance 90,000 Office rent 100,000 460,000 Income from operations $ 444,000 (1)...
Grundy company expects to produce 1,200,00 units of product xx in 2017. Monthly production is expected...
Grundy company expects to produce 1,200,00 units of product xx in 2017. Monthly production is expected to range from 80,000 to 120,000 units. budgets variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. budgeted fixed manufacturing cost per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 20,000 unit increments. This is the question form the book can you please answer?
A company's planned activity level for next year is expected to be 100,000 machine hours. At...
A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed Indirect materials $140,000 Depreciation $60,000 Indirect labor 200,000 Taxes 10,000 Factory supplies 20,000 Supervision 50,000 A flexible budget prepared at the 80,000 machine hours level of activity would show total manufacturing overhead costs of
Santiago’s Salsa is in the process of preparing a production cost budget for May. Actual costs...
Santiago’s Salsa is in the process of preparing a production cost budget for May. Actual costs in April were: Santiago’s Salsa Production Costs April 2017 29,000 Production Jars of Salsa Ingredient cost (variable) $20,300 Labor cost (variable) 12,760 Rent (fixed) 5,000 Depreciation (fixed) 6,000 Other (fixed) 1,000    Total $45,060 Using this information, prepare a budget for May. Assume that production will increase to 34,800 jars of salsa, reflecting an anticipated sales increase related to a new marketing campaign. Santiago's Salsa...
Farrow Co. expects to sell 300,000 units of its product in the next period with the...
Farrow Co. expects to sell 300,000 units of its product in the next period with the following results. Sales (300,000 units) $ 4,500,000 Costs and expenses Direct materials 600,000 Direct labor 1,200,000 Overhead 300,000 Selling expenses 450,000 Administrative expenses 771,000 Total costs and expenses 3,321,000 Net income $ 1,179,000 The company has an opportunity to sell 30,000 additional units at $13 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit...
16. A company's planned activity level for next year is expected to be 100,000 machine hours....
16. A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Indirect materials Indirect labor Factory supplies $120,000 160,000 20,000 Fixed Depreciation Taxes Supervision $50,000 10,000 40,000 A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of A) $270,000. B) $360,000. C) $370,000. D) $300,000.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT