Please I need help in this question.Answer as soon as possible.PeriodQuestion: Estimate average cost per unit as per life cycle costing12345Estimatedproduction(units)J12,00018,00080,00025,0008,000Fixed costper annum(AED)C60,00060,00060,00060,00060,000Variable cost@ AED 2(AED)24,00036,0001,60,00050,00016,000Total cost(AED)84,00096,0002,20,0001,10,00076,000Cost per unit(AED)7.005.332.754.409.50

Life cycle costing includes all the costs that are incurred over the lifespan of an investment…

Answered: Question: Estimate average cost per…

Business

Accounting

Question: Estimate average cost per unit as per life cycle costing

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Total manufacturing cost is the total cost incurred in the manufacturing of product during the…

Q: Consider the following income statement and other information: Luther Corporation Consolidated…

A: Earnings per Share (EPS) is a financial metric that represents the portion of a company's profit…

Q: Reeseco inc is specialty chemical compounding company. The company has 4 high precision compounding…

A: Depreciation expense :— It is the allocation of depreciable cost of asset over the estimated useful…

Q: Wood Incorporated factored €150,000 of accounts receivable with Engram Factors Inc., Without…

A: Accounts receivables means those customer accounts to whom credit sales has been made in business,…

Q: The shareholders' equity of Sarikas Company includes the items shown below. The board of directors…

A: Given that, Cash dividend declared for the year - 2022 = 4 Million- 2023 = 7 Million- 2024 = 56…

Q: On January 2, 2024, The XYZ Corporation is negotiating the acquisition of machinery from WQR, Inc.…

A: Computation of present value of the lease payments:So, the suitable answer would be option E) None…

Q: 53:12 A company's prime costs total $4,500,000 and its conversion costs total $8,500,000. If direct…

A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product.Total Cost Includes Cost…

Q: Costs published in the RS Means Cost Books reflect typical material costs that contractors would pay…

A: Contract costing is an accounting method used to determine the total cost of a specific contract or…

Q: Wildhorse Company must decide whether to make or buy some of its components. The costs of producing…

A: Incremental Analysis :— This analysis shows the comparison between two different alternatives. A…

Q: Exercise 9-27 (Algorithmic) (LO. 9) In 2020, Ava, an employee, who files single, has AGI of $34,300…

A: Adjusted Gross Income -The Internal Revenue Service (IRS) utilizes your adjusted gross income (AGI)…

Q: any borrowed $7, 300 from the State Bank on April 1, Year 1. The one-year note carried a 19% rate of…

A: This question falls under notes or financial accounting. The interest expense in the period when the…

Q: 23. Operating income and tax rates for CJ. Company's first three years of operations were as…

A: A deferred tax adjustment is prevalent where there is a temporary difference in the book value and…

Q: Haver Company currently pays an outside supplier $35 per unit for a part for one of its products.…

A: MAKE OR BUY DECISION The make-or-buy decision is choosing between manufacturing a product within a…

Q: Comparative figures for Apple and Google follow. Apple One Year Prior $ millions Inventory Cost of…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: Comment about the importance of managerial accounting in the field of banking accountin

A: Banking accounting refers to the technical area of accounting that focuses on recording, assessing,…

Q: Is bad debts allow for deduction under Malaysia Tax Act? Discuss about the procedure of bad debts…

A: The bad debt is recorded as an expense on the income statement. The income statement is prepared…

Q: Integrating Accounting for Liabilities and Equity Obtain Apple's fiscal year 2019 10-K (filed…

A: The question is related to Ratio Analysis. 1. The Current Ratio is calculated with the help of…

Q: Taxpayer A ("A") and Taxpayer B ("B"), each a single individual, each receive $10,000 of net capital…

A: FICA stands for the Federal Insurance Contributions Act, and it refers to the taxes that fund Social…

Q: Situation 4: On March 31, 2017, Wayside Corporation purchased a new piec manufacturing equipment for…

A: Straight-Line Method -One of the most common techniques of depreciation is the straight-line…

Q: Angle is 56 years old and the primary rebate she would qualify for in 2023 is O A R25 425 OB.R16 425…

A: In South Africa, a tax rebate refers to a reduction in the amount of tax payable by an individual or…

Q: A Charity put on a hall party to raise funds. It estimated the following costs: Appetizers (per…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: 3. Calculate Apple's return on equity for 2018 and 2019 (stockholders' equity for 2017 was $134,047…

A: It is the process of making decisions that involve the management of costs in order to achieve…

Q: Cullumber Company, organized in 2024, has set up a single account for all intangible assets. The…

A: The difference between the acquisition price and the identified net asset fair market value obtained…

Q: On March 31, 2024, the Herzog Company purchased a factory complete with vehicles and equipment. The…

A: Depreciation is defined as the accounting method implemented to allocate the cost of a long-term…

Q: Required information Exercise 12-10A (Algo) Determining cash flows from Investing activities LO 12-3…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Required: Fill in the blanks: (Round "Return on sales", "Asset turnover" and "Return on investment"…

A: Return on sales is calculated by dividing net operating income by sales. Assets turnover is…

Q: Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash…

A: The budget is prepared to estimate the requirements for the period. The cash payment schedule is…

Q: equired information The following information applies to the questions displayed below.] illside…

A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: What is Wayne Co.'s total stockholders' equity based on the following account balances? Common Stock…

A: Stockholder equity is a section which reported under the statement of financial position and shows…

Q: The raw material purchasing reports can provide management with insight into how to improve…

A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…

Q: What information should be included in the journal entry for the conversion?

A: A bond is a fixed-rate instrument issued to represent an advance made by a financial specialist to a…

Q: At January 1, 2023, Cullumber Corp. had 197000 common shares outstanding (no preferred shares…

A: To calculate basic earnings per share (EPS), you need to divide the net income attributable to…

Q: tatement of cash flows—indirect method The comparative balance sheet of Merrick Equipment Co. for…

A: The financial statements are prepared using the adjusted trial balance of the business. The cash…

Q: Blossom Inc., which produces a single product, has prepared the following standard cost sheet for…

A: DIRECT MATERIALS COST VARIANCEDirect materials cost variance is the difference between the actual…

Q: Vaughn's Drillers erects and places into service an off-shore oil platform on January 1, 2025, at a…

A: The costs incurred for dismantle need to be capitalized and as for the construction cost of an…

Q: Romeo Corporation reports the following for the year: Finished goods inventory, January 1 Finished…

A: The total cost of production for a business over a given time period is calculated as the cost of…

Q: The board of directors of Wayne Co. declared a cash dividend of $1.50 per share on 42,000 shares of…

A: Cash dividend is paid out of surplus or the reserves of the company Company can pay cash dividend or…

Q: Witt Corporation received its charter during January of this year. The charter authorized the…

A: Stockholders' equity represents the net assets that belong to the shareholders. It means the assets…

Q: Q4. Suppose Holt Renfrew, the specialty retailer, had these records for ladies' evening gowns during…

A: Weighted-average-cost method of inventory is an inventory valuation method which uses the total cost…

Q: Jelly's Grocery Store showed the following account balances at the end of 2022: Cash Accounts…

A: A trial balance is a financial statement that lists the balances of all general ledger accounts of a…

Q: mpany produce and sens a single produc ne year just completed: Beginning inventory. Units produced.…

A: The income statement can be prepared using different methods as variable and absorption costing. The…

Q: Company had gross wages of $200,000 for the month ended December 31, 2022. The CPP contributions…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of…

A: Manufacturing overheadFactory overhead refers to all the expenses other than direct material cost,…

Q: Sponad SUSTES for Pharoah Corporation, you have been asked to examine selected accounts before the…

A: Intangible Asset -An intangible asset is a non-physical resource with a financial value that has…

Q: Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory…

A: The FIFO (first in, first out) method of inventory valuation is a cost flow assumption that the…

Q: record the completion of a report on hiring solutions for a client and collected $8,800 cash

A: Journal entries:Journal entries refer to the recording of financial transactions of a company for a…

Q: 24. Horner Corporation has a deferred tax asset at December 31, 2015 of $80,000 due to the…

A: In general terms , Valuation allowance can be similar to having a provision for doubtful debts. It…

Q: Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and…

A: Cash collection budget :— This budget is prepared to estimate the collection of sales from customer…

Q: What is Adams’s

A: Net income is the amount of money left over after all costs, including payroll, the cost of goods or…

Q: Toolson Enterprises is owned by Andy, Brian and Cherie equally for all of 2022 Toolson owns a piece…

A: Ordinary income refers to the regular and recurring income that a taxpayer receives from their…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Definition of lifecycle costing:

VIEW

Step 2: Calculation of average cost per unit:

VIEW

Solution

VIEW

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Problem 4 (Target Costing, Strategy) Benchmark Industries manufactures large workbenches for industrial use. Wally Garcia, the vice president for marketing at Benchmark, has concluded from his market analysis that sales are dwindling for Benchmark's standard table because of aggressive pricing by competitors. Benchmark's table sells for P875 whereas the competition's comparable table is selling in the P80Q range. Garcia has determined that dropping price to P800 is necessary to regain the firm's annual market share of 10,000 tables. Cost data based on sales of 10,000 tables are: Budgeted Amount 400,000 sq. ft. 85,000 hrs. 30,000 hrs 320,000 hrs. Actual Amount Actual Cost 425,000 sq. ft. 100,000 hrs. 30,000 hrs. 320,000 hrs. Direct materials P2,700,000 1,000,000 300,000 4,000,000 Direct labor Machine setups Mechanical assembly
Find the missing information Output Fixed Variable Total Costs Costs Cost of (units) Costs per unit stion Company 4000 50000 70000 ? ? A Select one: O a. Total cost 120000 cost per unit 15.5 O b. otal cost 120000 cost per unit 30 O c. Total cost 74000 cost per unit 18.5 O d. Total cost 54000 cost per unit 13.5
Calculate the profitability of the following proposal using Average rate return (ARR) methodProposal IAutomatic machine Cost OMR 320000Estimated life4.5 yearsEstimated sales P.A 220000Cost : Material OMR 60000 Labour OMR 22000 Variable overheads OMR14000 a.16.53% b.3.19% c.4.62% d.All the options are wrong
Assume the following information:VolumeTotal Cost100 units$1,30090 units1,500106 units1,750What is the variable cost per unit? (Round answer to three decimal places.)a. $28.125b. $15.625c. $20.178d. $13.175
Given the cost formula Y = $12,500 + $5.00X, total cost for an activity level of 4,000 units would be: Select one: a. $16,000 b. $20,000 c. $12,500 d. $32,500
Cost Allocation To: uality ontrol 78,400✔ 21,600 100,000) 0 Fabricating 140,600 28,800 20,000 S 189,400 S $ $ $ SA Finishing 9,820 X 21,600 50,000 81,420
Calculate the profitability of the following proposal using Average rate of return (ARR) methodProposal I Automatic machine Cost OMR 420000Estimated life 6.5 yearsEstimated sales P.A OMR 175000Cost : Material OMR 60000Labour OMR 22000Variable overheads OMR 14000 a. 16.53% b. All the options are wrong c. 3.42% d. 4.62%
Planned costs of product A - 150000 Planned costs of product B- 220000 Real costs of product A - 140000 Real costs of product B – 200000 During the period: Dr Finished products. B Cr Production process. B - ?
Use the data to prepare the cost statement and Income statement by use the Total cost and Variable Cost. Production capacity (6000 ) unit, direct materials (35000 )D. Indirect materials ( 15000 )D., direct wages ( 25 000 )D., Indirect wages (30000 )D. direct expenses ( 25000 )D., Indirect expenses ( 30 000 )D.[ 10000 V., 20000 F.). direct marketing cost (13000 )D. Indirect marketing cost ( 12000 )D.( 10000 V. 2000 F. ). Administration cost (22000 )D., number of F.G.L (1000 )unit . The selling price ( 2500 )D., to unit.
Direct fixed cost controllable by of the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165,000 P185.000 C. P100,000 A. P165.000 В. P185.000 D. P350,000 20. The following is a summarized income statement of CoolKid Co.'s profit cente No. 44 for March: Contribution margin P70,000 Period expenses: Manager's salary Facility depreciation Corporate expense allocation Profit center income P20.000 8.000 5,000 (33,000) P37.000 Which of the following amounts is most likely subject to the control of the p center's manager? А. P70.000 C. P37,000 D. P33,000 В. P50,000
Output (units ) Total Cost ($) 200 7000 300 8000 400 9000 a) Find the variable cost per unit. b) Find the total fixed cost c) Estimate the total cost if output is 350 units d) Estimate the total cost if output is 600 units
Q29 Consider the following costs associated with all work packages (WP A and WP B) of a project: WP A B Labor hours Type 1 30 5 Labor hours Type 2 30 20 Labor hours Type 3 10 60 The rate of Labour hours Type 1 is $15. The rate of Labour hours Type 2 is $25. The rate of Labour hours Type 3 is $35. Calculate the total cost of the project. Material Equipment $500 $200 $100 $1,000 Subcontracts $8000 $2000 Other $300 $400