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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

Grey, Inc. sells a single product for \$25. Variable costs are \$11 per unit and fixed costs total \$182,000 at a volume level of 6,000 units. Assuming that fixed costs do not change, Green's break-even sales would be:

Wooster has the following budgeted costs at its anticipated production level (expressed in hours): variable overhead, \$170,000; fixed overhead, \$338,000. If Wooster now revises its anticipated production slightly upward, it would expect:

Alamo's customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 14,700 calls and incurred costs of \$308,700. If 3,560 of these calls were for the company's wholesale operation (the remainder were for the retail division), costs allocated to the retail division under activity-based costing system should amount to:

Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Swanson made 16,000 copies and paid a total of \$320 in March; in May, the firm paid \$200 for 9,000 copies. The company uses the high-low method to analyze costs.
Swanson's variable cost per copy is closest to (Round your final answer to 3 decimal places):
Swanson's monthly fixed fee is (Round your intermediate calculations to 3 decimal places final answer to nearest dollar amount):
How much would Swanson's pay if it made 12,500 copies? (Round your intermediate calculations to 3 decimal places final answer to 2 decimal places.)

Drake Manufacturing sells a number of goods whose selling price is heavily influenced by cost. A recent study of product no. 520 revealed a traditionally-derived total cost of \$1,623 and a selling price of \$1,850 based on that figure. A newly computed activity-based total cost is \$1,215. Which of the following statements is true?

Orion recently reported sales revenues of \$1,008,000, a total contribution margin of \$348,000, and fixed costs of \$250,000. If sales volume amounted to 12,000 units, the company's variable cost per unit must have been:

Yellow Dot, Inc. sells a single product for \$12. Variable costs are \$4 per unit and fixed costs total \$120,000 at a volume level of 8,500 units. What dollar sales level would Yellow Dot have to achieve to earn a target profit of \$240,000?

Narchie sells a single product for \$50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to \$400,000. Current sales total 16,000 units.
If Narchie sells 24,000 units, its safety margin will be:

Bowman, Inc., has only variable costs and fixed costs. A review of the company's records disclosed that when 300,000 units were produced, fixed manufacturing costs amounted to \$1,500,000 and the cost per unit manufactured totaled \$18. On the basis of this information, how much cost would the firm anticipate at an activity level of 330,000 units?

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M948299

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