Managerial Accounting Final Exam

Anonymous
timer Asked: Apr 6th, 2018
account_balance_wallet $25

Question description

I need assistance with this problem in Managerial Accounting. I attached the document, please check. Thank you!

Tutor Answer

achiaovintel
School: UIUC

Attached.

Surname 1
Name
Professor
Course
Date
Managerial Accounting Final Exam
Question 1
a) The total variable cost is calculated as
total variable cost = variable cost per unit × level of activity
total variable cost = (

146520
8800

) × 8900

𝐭𝐨𝐭𝐚𝐥 𝐯𝐚𝐫𝐢𝐚𝐛𝐥𝐞 𝐜𝐨𝐬𝐭 = $𝟏𝟒𝟖, 𝟏𝟖𝟓
b) total cost = total fixed cost + total variable cost
total cost = 219,296 + 148185
𝐭𝐨𝐭𝐚𝐥 𝐜𝐨𝐬𝐭 = $𝟑𝟔𝟕, 𝟒𝟖𝟏
c) average variable cost =
average variable cost =

total variable cost
level of activity

146,520
8,800

average variable cost per unit = $16.65 per unit
total fixed cost

d) average fixed cost = level of activity
average fixed cost =

219,296
8900

𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐢𝐱𝐞𝐝 𝐜𝐨𝐬𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 = $𝟐𝟒. 𝟔𝟒 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭
total cost

e) average total cost per unit = level of activity
average total cost per unit =

367481
8900

𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐭𝐨𝐭𝐚𝐥 𝐜𝐨𝐬𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 = $𝟒𝟏. 𝟐𝟗 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭
Question 2

Surname 2
total product cost = 59400 + (1254 × 11) + (1254 × 37)
total product cost = $119,592
unit product cost =

119592
3300

𝐮𝐧𝐢𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐜𝐨𝐬𝐭 = $𝟑𝟔. 𝟐𝟒
Job cost sheet
Direct material
Direct labor
Manufacturing overhead
Total cost
Units completed
Unit product cost

59400
13794
46398
119592
3300
$36.24

Question 3
The process begins with 700 units
complete w. r. t. materials = 0.5 × 700 = 350 units
complete w. r. t. conversion = 0.4 × 700 = 280 units
The process ends with 200 units
complete w. r. t. materials = 0.8 × 200 = 160 units
complete w. r. t. conversion = 0.4 × 200 = 80 units
Equivalent units of production (materials) =

350+160

Equivalent units of production (conversion) =

2

= 255 units

280+80
2

= 180 units

Question 4
total cost of materials

cost per equivalent unit (materials) = equivalent units of production
cost per equivalent unit (materials) =

31734+91332
7740

𝐜𝐨𝐬𝐭 𝐩𝐞𝐫 𝐞𝐪𝐮𝐢𝐯𝐚𝐥𝐞𝐧𝐭 𝐮𝐧𝐢𝐭 (𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬) = $𝟏ð...

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Review

Anonymous
Awesome! Exactly what I wanted.

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