Following are four series of costs measured at various volume levels. Identify each series as either fixed, variable, mixed, or step-wise Hint. It can help to graph each cost series. Volume (Units) 0 Series A Series B Series C 400 800 1,200 1,600 2,000 2,400 Series A Series B $ 2,540 $ 1,040 3,140 1,040 3,740 2,080 4,340 2,080 4,940 3,120 5,540 3,120 6,140 4,160 Series C $ 5,040 5,040 5,040 5,040 5,040 5,040 5,040 Series D $0 3,640 7,280 10,920 14,560 18,200 21,840
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- Listed here are three separate series of costs measured at various volume levels. Volume (Units) e 380 760 1,140 1,520 1,900 2,280 Series 1 50 3,040 6,080 9,120 12,160 15,200 18,240 Series 1 Series 2 Senes 3 Series 2 $450 450 450 450 450 450 450 Series 3 $ 600 600 600 1,200 1,200 1,800 1,800 Examine each series and identify whether it is best described as a fixed, variable, or step-wise cost. Hint: It can help to graph each cost series.The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.Compute the average cost per unit of product R14 using ABC system.
- Refer to Gjerty Corporation. Under absorption costing, the standardproduction cost per unit for the current year wasa. P11.30.b. P 7.30.c. P11.55.d. P13.05.1. Listed here are four series of separate costs measured at various volume levels. Volume (Units) Series 1 Series 2 Series 3 Series 4 0 $450 $800 $100 0 100 450 800 105 800 200 450 800 120 1,600 300 450 1,600 145 2,400 400 450 1,600 190 3,200 500 450 2,400 250 4,000 600 450 2,400 320 4,800 Examine each series and identify whether it is best described as a fixed, variable, step-wise, or curvilinear cost. It can help to graph the cost series. Series 1 Series 2 Series 3 Series 4Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2. Determine the cost to be charged to the product for the year. 3. Determine the cost to be charged to factory overhead for the year. 4. Determine the plotted data points using Chart Wizard. 5. Determine R2. 6. How do these solutions compare to the solutions in P4-2 and P4-3? 7. What does R2 tell you about this cost model?
- Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units in ending work in process 7,000 Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 4 80 40 % 100 % $73,000 $61,100 $101,100ABC systems Select one a. will limit cost drivers to units of output O b.comply with CAAP c highlight the different levels of activities O d will allocate costs based on volumeHow can I prepare a product cost report (with it's supporting calculations) for department 1. Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.
- For each cost category, compute equivalent units. Show physical units in the first column of your schedule.Using ABC, compute the cost of each unit of Product A? The following data are available for X Corp:Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) B300 T500 Total Product margin $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) B300 T500 Total Product margin $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…