X Company wants to estimate overhead costs in March, when production is expected
ID: 2424464 • Letter: X
Question
X Company wants to estimate overhead costs in March, when production is expected to be 1,500 units. It used account analysis with the January cost information below to determine the parameters of the cost function. January production was 1,000 units.
1. What is X Company's estimate of total overhead costs in March [round intermediate unit costs to the nearest cent]?
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Total Total Variable Utilities $41,800 $41,800 Maintenance 50,000 25,000 Supervision 20,000 0Explanation / Answer
Total Total Variable Utilities $41,800 $41,800 Maintenance 50,000 25,000 Supervision 20,000 Product cost per unit Utilities $41.80 Maintenance $50.00 Supervision $20.00 If we apply product per units to march Production of 1500 units product cost per unit Total Overhead costs Total Variable costs Utilities $41.80 $62,700.00 $62,700.00 Maintenance $50.00 $75,000.00 $50,000.00 Supervision $20.00 $30,000.00 0
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