Using the high-low method, how much is the total cost of producing 130 grams of honey? * The cost accountant of Sweet Company recorded these cost of producing honeybee Grams Produced 100 Days Mon Tues Wed Total Cost Incurred 1,000 600 400 P 75 25 Thur Fri 150 175 50 1,500 1,600 600 Sat Sun 125 1,300

Using the high-low method, how much is the total cost of producing 130 grams of honey? * The cost accountant of Sweet Company recorded these cost of producing honeybee Grams Produced 100 Days Mon Tues Wed Total Cost Incurred 1,000 600 400 P 75 25 Thur Fri 150 175 50 1,500 1,600 600 Sat Sun 125 1,300

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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How muchh is the total cost of production 150 grams of honey if the company uses the least squares method. The correct accountant of Sweet Company recorded these cost of producing honeybee: Days Grams Produced Total Cost Incurred Mon 100 P1,000 Tues 75 600 Wed 25 400 Thurs 150 1,500 Frid 175 1,600 Sat 50 600 Sun 125 1,300
The following is data obtained from cheese cake production activities by PT Cheese Higen for January 2018 During January 2018, the number of cheese cakes produced was 20.000 units Requested: 1. What is the total production cost and production cost of cheese cake per unit? 2. What is the total prime cost and prime cost of cheese cake per unit? 3. What is the total conversion cost and the cheese cake conversion cost per unit?
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How do I prepare an Income Statement for March 2022 by using the absorption costing method? Other info: The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.
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Kindly refer to the problem and answer numbers 1-3: As part of a cost study, the cost accountant of Shiny Corporation has recorded the cost of operations at seven different levels of materials usage. The records show the following: 80 kilos - P800 60 kilos - P480 20 kilos - P320 120 kilos - P1,200 140 kilos - P1,280 40 kilos - P480 100 kilos - P1,040 Sum of the kilos (Σx) - P560 Sum of the costs (Σy) - P5,600 Sum of the kilos multiplied by the costs (Σxy) - P545,600 Sum of the kilos squared (Σx2) - P56,000 1.) The projected cost of operations for 90 kilos of materials is: a. P880.00 regardless of the method used. b. P886.90 if the method of least squares is used. c. P886.90 if the high-low points method is used. d. P880.00 if the method of least squares is used. 2.) Using the high-low points method, the variable cost of operations per kilo of materials used is: a. P8.00 b. P16 c. P9.14 d. P10 3.) Using the least squares method, the fixed portion of the cost is: a.…