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Foundational 15 for Chapter 2

In: Business and Management

Submitted By rikinp93
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Chapter 2- The Foundational 15 1. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Variable manufacturing cost per unit $11.00 Variable manufacturing cost per unit $11.00 Number of units produced 10,000 Total variable manufacturing cost $110,000 Fixed manufacturing overhead per unit $4.00 Number of units produced 10,000 Total fixed manufacturing cost 40,000 Total product manufacturing)cost $150,000 2. Sales commissions $1.00 Variable administrative expense 0.50 Variable selling and administrative per unit $1.50 Variable selling and admin. per unit $1.50 Number of units sold 10,000 Total variable selling and admin. expense $15,000 Fixed selling and administrative expense per unit ($3 fixed selling + $2 fixed admin.) $5.00 Number of units sold 10,000 Total fixed selling and administrative expense 50,000 Total period (nonmanufacturing) cost $65,000

3. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50 4. Direct materials $ 6.00 Direct labor 3.50 Variable manufacturing overhead 1.50 Sales commissions 1.00 Variable administrative expense 0.50 Variable cost per unit sold $12.50

5. Variable cost per unit sold
$12.50
Number of units sold 8,000 Total variable costs $100,000

6. Variable cost per unit sold
$12.50
Number of units sold 12,500 Total variable costs $156,250
7.

Total fixed manufacturing cost

$40,000 Number of units produced 8,000 Average fixed manufacturing cost per unit produced
$5.00
8. Total fixed manufacturing cost

$40,000 Number of units produced 12,500 Average fixed manufacturing cost per unit produced
$3.20
9.

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