Moral principles that guide the conduct of individuals. An information system th

Question

Moral principles that guide the conduct of individuals. An information system that provides reports to users about the economic activities. b The job order costing is: is a system for assigning direct costs to an individual product is a system for assigning manufacturing costs to an individual product True or false (T) (F): Job Order Costing more accurate than ABC Costing In Weighted average method the average cost per unit of the opening work in progress and the current period production is the same. Fixed costs are costs that Remain the same per unit at every activity level 3-Byrnes Company accumulates the following data concerning a mixed cost, using units produced as the activity level Compute the variable and fixed cost elements using the high-low method Estimate the total cost if the company produces 9,900 units.

Explanation / Answer

1.a. Moral Principles that guide the conduct of individuals

1.b. Is a system for assigning manufacturing costs to an individual product.

True or False:

a. False

b. False

c. True

3. Variable cost per unit = Y2 - Y1 / X2-X1

In the present case Y2 = is the total cost at highest level of activity = 14,740; Y1 = is the total cost at lowest level of activity = 11,100 ; X2 = are the number of units/labor hours etc. at highest level of activity = 9800; X1 = are the number of units/labor hours etc. at lowest level of activity = 7000

Hence the Variable cost per unit = (14,740 - 11,100) / (9800 - 7000) = 1.3 per unit.

Total Fixed Cost = Y2 - bx2 = Y1 - bx1. In this case b = Variable cost

So the total fixed cost = 14,740 - ( 1.3 * 9800) = 11,100 - (1.3 * 7000) = 2,000

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