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11 Dec 2019
The three most common cost behavior classifications are:
(i) Variable costs, period costs, and differential costs.
(ii) Variable costs, product costs, and sunk costs.
(iii) Variable costs, sunk costs, and opportunity costs.
(iv) Fixed costs, variable costs, and mixed costs.
The three most common cost behavior classifications are:
(i) Variable costs, period costs, and differential costs.
(ii) Variable costs, product costs, and sunk costs.
(iii) Variable costs, sunk costs, and opportunity costs.
(iv) Fixed costs, variable costs, and mixed costs.
Nelly StrackeLv2
11 Mar 2020
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Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in the table. At each level compute the following:
A. Total manufacturing costs
B. Manufacturing costs per unit
C.Total Variable cost
D. Total variable cost per unit
E. Total costs that have to be recovered if the firm makes a profit
Table:
| Unit Produced | 1000 | 2000 | |
| Direct labour | $30,000 | $60,000 | |
| Direct Materials | $20,000 | $40,000 | |
| Overhead: | |||
| Variable portion | $12,000 | $24,000 | |
| Fixed portion | $36,000 | $36,000 | |
| Selling and Administrative cost | |||
| Variable portion | $5,000 | $10,000 | |
| Fixed portion | $22,000 | $22,000 |
If possible please show all work
Harris Company manufactures a single product. Costs for the year 2015 for output levels of 1,000 and 2,000 units are given in the table. At each level compute the following:
A. Total manufacturing costs
B. Manufacturing costs per unit
C. Total variable cost
D. Total variable cost per unit
E. Total costs that have to be recovered if the firm makes a profit
Table:
| Units produced | 1000 | 2000 | |
| Direct labor | $30,000 | $60,000 | |
| Direct materials | $20,000 | $40,000 | |
| Overhead: | |||
| Variable portion | $12,000 | $24,000 | |
| Fixed portion | $36,000 | $36,000 | |
| Selling and admin cost | |||
| Variable portion | $5,000 | $10,000 | |
| Fixed portion | $22,000 | $22,000 |
