Homework E2-32 and E2-43

Homework E2-32 and E2-43 - Fixed Phone Bill Variable...

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Fixed Phone Bill Monthly $ 200.00 Variable Plus $ 0.15 each call made 1.- Calls made Fixed Variable Phone Bill January 7000 200 $ 1,050.00 $ 1,250.00 February 8000 200 $ 1,200.00 $ 1,400.00 2.- Calls made Phone Bill Cost each Call January 7000 $ 1,250.00 $ 0.1786 February 8000 $ 1,400.00 $ 0.1750 3.- Fixed Variable January $ 200.00 $ 1,050.00 February $ 200.00 $ 1,200.00 4.- Calls made Total Cost Difference Marginal Cost: Change in costs / Change in quantity January 7000 $ 1,250.00 Calls made 1000 $ 0.15 February 8000 $ 1,400.00 Total Cost $ 150.00 5.- Fixed Cost Variable Average Cost January $ 200.00 $ 1,050.00 $ 1,250.00 0.17857143
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1.- COST OF GOODS MANUFACTURED Direct Material Raw Material January $ 20,000.00 Add Purchased Raw Material $ 90,000.00 Raw Material Available $ 110,000.00 Deduct Raw Material on December $ 12,500.00 Raw Material Used $ 97,500.00 Direct Labor $ 100,000.00 Manufacturing Overhead Indirect Material $ 5,000.00 Add Indirect Labor $ 7,500.00 Add Depreciation $ 30,000.00 Add Utilities $ 20,000.00 Add Other $ 40,000.00 Total Manufacturing Overhead $ 102,500.00 Total Manufacturing Costs $ 300,000.00 Add Work in process January 01 $ 20,000.00 Subtotal $ 320,000.00 Deduct Work in process December 31 $ 15,000.00 Cost of goods Manufactured $ 305,000.00 2.- COST OF GOODS SOLD Finished Goods January 01 $ 10,000.00 Add Cost of good manufactured $ 305,000.00
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