Response to the following :
1.) Variable cost per unit is budgeted to be $4.00 and fixed cost per unit is budgeted to be $3.00 in a period when $4,000 units are produced. If production is actually 6,500 units, what is the expected total cost of the units produced?
2.) Mannys Metallic has the following costs in a period when production is $1,000 units:
Direct material,$7,000;
direct labor,$10,000;
depreciation, $800;
rent,$2,000 and other fixed costs,$5,000.
If production changes to 2000 units, how much will be the total costs?
3.)For the year ended Decemeber 31,2007, the Ruby Company had a cost of goods sold of $975,000 and cost of goods manfactured of $900,000. If the December 31,2007 Finished Good balance was 150000, what was January 1, 2007 balance in the Finished Good Inventory account?