Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Managerial Accounting Expert

The following data apply to the provision of psychological testing services.

Sales price per unit (1 unit _ 1 test plus feedback to client).................... $ 600
Fixed costs (per month):
Selling and 
administration....................................................................... 40,000
Production overhead (e.g., rent of testing 
facilities)................................ 60,000
Variable costs (per test):
Labor for oversight and 
feedback.......................................................... 240
Outsourced test 
analysis......................................................................... 40
Materials used in 
testing......................................................................... 10
Production 
overhead............................................................................... 20
Selling and administration (e.g., scheduling and billing)........................ 30
Number of tests per 
month......................................................................1,000 tests

Required:
Give the amount for each of the following (one unit = one test):
a. Variable production cost per unit.
b. Variable cost per unit.
c. Full cost per unit.
d. Full absorption cost per unit.
e. Prime cost per unit.
f. Conversion cost per unit.
g. Contribution margin per unit.
h. Gross margin per unit.
i. Suppose the number of units decreases to 800 tests per month, which is within the relevant range. Which parts of (a) through (h) will change? For each amount that will change, give the new amount for a volume of 800 tests.

Managerial Accounting, Accounting

  • Category:- Managerial Accounting
  • Reference No.:- M91547131
  • Price:- $12

Priced at Now at $12, Verified Solution

Have any Question?


Related Questions in Managerial Accounting

Assume you have been hired as a consultant to prepare a

Assume you have been hired as a consultant to prepare a balanced scorecard that will be presented to top management. You will choose a company to research and will provide a professional report that will include the foll ...

You need to prepare a paper about lacroix companycompany

You need to prepare a paper about Lacroix company Company: Lacroix Home Work: History & background Page: 1 and half

Accounting for decision makersproject - appendix

Accounting for Decision Makers PROJECT - APPENDIX A Requirements: 1. Choose a publicly traded company that you currently own/invest in or one that you would like to own / invest in 2. Research the company through the com ...

Managerial accounting assignment -background you are

Managerial Accounting Assignment - Background: You are recently employed as a graduate consultant in a management consultancy firm and are assigned to a team. One of your firm's clients is currently evaluating its budget ...

Managerial accounting assignment -instructions for

Managerial Accounting Assignment - Instructions for Preparation of Assignment: 1. You are to choose one management accounting topic from the list below for this assignment, and register your chosen topic with your lectur ...

Task descriptionyou have gained a position as vacation

Task Description You have gained a position as vacation student at the accounting firm T&K Solutions. In your capacity of vacation student you have been asked by the two partners of T&K Solutions to assist them with two ...

Managerial accounting group report performance measures

Managerial Accounting Group Report: Performance measures, remuneration and motivation Learning Outcomes - a) Analyse the roles of cost and management in organisations through the analysis of accounting concepts and tools ...

Corporate accounting assignment -question 1 - dr kelvin

Corporate Accounting Assignment - Question 1 - Dr. Kelvin opened a dental clinic on August 1, 2018. The business transactions for August are shown below: August 1 Dr. Kelvin invested $280,000 cash in the business in exch ...

Corporate accounting assignment -assessment task - select

Corporate Accounting Assignment - Assessment task - Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then ...

Assignment - essendon electronics regal or monarchessendon

Assignment - Essendon Electronics: Regal or Monarch? Essendon Electronics, a division of Elgin Ltd, manufactures a diverse range of electrical products. Its range includes two LCD screen television models: the Monarch, w ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As