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| Please find below the answer | |
| Statementshowing Computations | |
| Paticulars | Amount |
| Cost at highest level of activity | 5,372.00 |
| Cost at Lowest level of activity | 2,720.00 |
| Highest level of activity | 8,000.00 |
| Lowest Level of activity | 2,800.00 |
| Variable cost per unit = (5372- 2720)/(8000 - 2800) | |
| Variable cost per unit = 2652/5200 | |
| Variable cost per unit = $.51 | |
| Fixed Costs = 2720 - 2800*.51 | |
| Fixed Costs = $1,292 | |
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Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,740 3,000 February 3,150 4,050 March 3,950 6,150 April 4,570 8,200 May 3,290 5,500 June 5,178 8,300 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost $ per machine hour Determine the fixed cost component using the high-low method. Fixed...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,750 3,500 February 3,000 4,000 March 3,600 6,000 April 4,500 7,900 May 3,200 5,000 June 5,000 8,000 (a) Determine the fixed and variable cost components using the high- low method. (b) Prepare a graph showing the behaviour of maintenance costs, and identify the fixed and variable cost elements. Use 2,000-hour...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Ayayai Industries has collected the following monthly expense data for use in analyzing the...
The controller of Ayayai Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,880
300
February
3,120
390
March
3,720
540
April
4,620
650
May
3,320
540
June
5,920
700
Determine the variable cost components using the high-low
method. (Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$ 3,041
4,032
February
3,456
4,608
March
4,147
6,912
April
5,184
9,101
May
3,686
5,760
June
5,322
9,216
Determine the variable-cost
components using the high-low method. (Round variable
cost to 2 decimal places e.g. 12.25.)
Variable cost per machine
hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $3,041 4,032 February 3,456 4,608 March 4,147 6,912 April 5,184 9,101 May 3,686 5,760 June 5,322 9,216 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost components...
he controller of Furgee Industries has collected the following monthly expense data for use in analyzing...
he controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,700 230 February 3,350 280 March 4,400 430 April 5,870 620 May 3,700 330 June 6,300 630 (a1) Determine the variable cost component using the high-low method. Variable cost per machine hour $
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $2,710 3,010 3,610 4,510 3,210 5,590 Total Machine Hours 350 400 550 640 550 750 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal pl e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$3,102
4,112
February
3,525
4,700
March
4,230
7,050
April
5,287
9,282
May
3,760
5,875
June
5,428
9,400
Your answer is correct.
Determine the variable-cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Hours 300 Month January February March Total Maintenance Costs $2,900 3,000 3,600 4,300 3,200 400 600 April 790 500 May June 4,500 800 Instructions (a) Determine the fixed-cost and variable-cost components using the high-low method. (b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed- cost and variable-cost elements....
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Ayayai Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,880
300
February
3,120
390
March
3,720
540
April
4,620
650
May
3,320
540
June
5,920
700
Determine the variable cost components using the high-low
method. (Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$ 3,041
4,032
February
3,456
4,608
March
4,147
6,912
April
5,184
9,101
May
3,686
5,760
June
5,322
9,216
Determine the variable-cost
components using the high-low method. (Round variable
cost to 2 decimal places e.g. 12.25.)
Variable cost per machine
hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $2,710 3,010 3,610 4,510 3,210 5,590 Total Machine Hours 350 400 550 640 550 750 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal pl e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$3,102
4,112
February
3,525
4,700
March
4,230
7,050
April
5,287
9,282
May
3,760
5,875
June
5,428
9,400
Your answer is correct.
Determine the variable-cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Hours 300 Month January February March Total Maintenance Costs $2,900 3,000 3,600 4,300 3,200 400 600 April 790 500 May June 4,500 800 Instructions (a) Determine the fixed-cost and variable-cost components using the high-low method. (b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed- cost and variable-cost elements....
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