Total production costs
[DOC File]EXERCISES: PRODUCTIVITY AND COSTS OF PRODUCTION
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EXERCISE #3: COSTS OF PRODUCTION. Total Total Total Total Marginal Product fixed variable cost cost. Cost cost. 0 $60 $0 $60. 45 1 60 45 105. 40 2 60 85 145. 35 3 60 120 180. 30 4 60 150 210. 35 5 60 185 245. 40 6 60 225 285. 45 7 60 270 330. 55 8 60 325 385. 65 9 60 390 450. 75 10 60 465 525 Total Average Average Average
[DOC File]Chapter 7--Joint Product and By-Product Costing
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2. The _____ allocates joint production costs by comparing the percentage of sales to the percentage of production. 3. The _____ allocates joint production costs based on each product’s share of total units. 4.
[DOC File]University of Dayton
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3. a. Total cost is the sum of the costs of all the inputs that Rubber Dinghies uses in production. Total variable cost is the total cost of the variable inputs. Total fixed cost is the total cost of the fixed inputs.
[DOC File]CHAPTER 18
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Total Production Costs Direct . Materials Conversion . Costs (Step 3) Work in process, beginning (given) $ 28,600 $17,700 $ 10,900 Costs added in current period (given) 174,300 81,300 93,000 Total costs to account for $202,900 $99,000 $103,900 (Step 4) Costs incurred to date $99,000 $103,900
[DOC File]Process costing
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Costs: Total Production Costs Incurred . During Period $10,000. Equivalent Unit Cost = Total Production Cost . Equivalent Units of output = $10,000. 850+150(.333) = $10,000. 900 = $11.11. Case C: Production System – All Materials Costs and Conversion Costs incurred uniformly during Production. Physical Units: Units Started In Period: 1,000
[DOC File]Cost Terms, Concepts, and Classifications
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Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the production level varies? A) Direct materials. ... Purchases of raw materials $362,000 Direct labor cost $207,000 Selling costs (total) $61,000 Administrative costs (total) $84,000 Manufacturing overhead costs (total ...
[DOC File]1) The Spangle Company uses the process cost system and ...
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Total production costs accounted for $ 48,220. Taguchi Manufacturing Co. Cost of Production Summary—Bottling. For the Month Ended December 31, 20--Cost of work in process, beginning of month: Cost in Mixing $ 6,150. Cost in Blending 3,660. $ 9,810. Cost in Bottling: Materials $ 900. Labor 3,100. Factory overhead 3,080 7,080 $ 16,890
[DOC File]Chapter 2--Cost Terminology and Cost Behaviors
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Total production costs $686 - Raw materials $326 Conversion Costs $360 Let x = Direct Labor Let .60x = Factory Overhead x + .60x $360 x $225 DIF: Easy OBJ: 2-4. 41. Refer to Wilson Company. Cost of Goods Manufactured was. a. $636. b. $716. c. $736. d. $766. ANS: C
[DOCX File]University of Texas at San Antonio
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Total Production Costs $ 4,312,500 $ 3,787,500. Revenues $ 4,800,000 $ 4,400,000. less Production Costs. 4,312,500. 3,787,500. Gross Profit ... The variable costs per unit and the total fixed costs are expected to be the same as in the current year. However, it anticipates a sales price of $16 per unit. What is Value Pro's projected margin of ...
[DOC File]Additional Problem 3: Production Costs
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Additional Problem 3: Production Costs. The total product schedule of Rubber Duckies, Inc., a firm making rubber boats, is described by the following: Labor (L) Output (Q) (number of workers (rubber boats. employed per week) per week) 1 1. 2 3
[DOC File]Managerial Accounting
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If total production costs during March were $513,000, what is the cost per unit (specifically, what is the cost per ‘equivalent unit’)? $20.52 5,000 * 50% = 2,500. $17.10 20,000 * 100% = 20,000. $25.65 10,000 * 60% = 6,000. $18.00 Total E.U. = 28,500. None of the above. $513,000 / 28,500 = $18
[DOC File]Solutions for Homework ** Accounting 507 Managerial ...
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Total. Production. Costs Direct. Materials Conversion. Costs (Step 3) Work in process, beginning (given) $ 1,910 $ 1,775 $ 135 Costs added in current period (given) 28,490 17,600 10,890 Total costs to account for $30,400 $19,375 $11,025 (Step 4 ) Costs incurred to date $19,375 $11,025 Divide by equivalent units of work done to ...
[DOC File]CHAPTER 13: INTRODUCTION TO PRODUCT COSTING
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Variable production costs are $26 and fixed production costs are $250,000. Madison uses a normal activity of 12,500 units to set its standard costs. Madison began the year with 1,000 units in inventory, produced 11,000 units, and sold 11,500 units.
[DOC File]ESTIMATED COSTS AND RETURNS OF PRODUCING, HARVESTING, AND ...
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Disease and insect control was the second most expensive cost category, making up 7.8 percent of the total costs for blueberries cultivated on good soil without the use of irrigation, and was the third largest category when irrigation was used, accounting for 4.9 percent of the costs on good soil and 6.1 percent on marginal soil.
[DOC File]Chapter 2--Basic Cost Management Concepts
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The actual production costs (on a per-unit basis) for the widgets were as follows: Direct materials $3.50. Direct labor 1.25. Variable overhead 0.75. Fixed overhead 3.75. Total unit cost $9.25. Selling costs included a commission of $1 per unit sold and advertising of $50,000. Administrative expenses, all fixed, totaled $35,000.
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