29 Jun Assignment: HW Set #2 – E3.10, E3.19, E16.16, E16.20
Question
Assignment: HW Set #2 – E3.10, E3.19, E16.16, E16.20
1.
Exercise 3.10
Cost Behavior
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $543,000 + $1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected.
Required:
1. What is the driver for the overhead activity?
_________________
For questions 2-4, Enter the final answers rounded to the nearest dollar.
2. What is the total overhead cost incurred by SmokeCity last year?
$ _________________
3. What is the total fixed overhead cost incurred by SmokeCity last year?
$ _________________
4. What is the total variable overhead cost incurred by SmokeCity last year?
$ _________________
For questions 5-8, round your answers to the nearest cent. Use those rounded figures in subsequent computations, if necessary.
5. What is the overhead cost per unit produced?
$ _________________ per unit
6. What is the fixed overhead cost per unit?
$ _________________ per unit
7. What is the variable overhead cost per unit?
$ _________________ per unit
8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units.
19,500 Units 21,600 Units
Unit cost
$
_________________
$
_________________
Unit Fixed cost
_________________
_________________
Unit variable cost
_________________
_________________
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