Homework Answers
| a | |||||
| Variable Cost per car wash = $ 5.25 per car wash | |||||
| Total fixed Cost = $ 115000 | |||||
| Cost Equation Total Cost = Fixed Cost + Variable cost per car*Number of car washes | |||||
| = $ 115000 + 75600 | |||||
| = $ 190600 | |||||
| b | |||||
| Cost Equation Total Cost = Fixed Cost + Variable cost per car*Number of car washes | |||||
| = $ 115000 + (16800*5.25) | |||||
| = $ 115000 + (16800*5.25) | |||||
| = $ 203200 | |||||
| C | |||||
| Variable Cost per car wash = $ 5.41 per car wash | |||||
| Cost Equation Total Cost = Fixed Cost + Variable cost per car*Number of car washes | |||||
| = $ 118310 + (18000*5.41) | |||||
| = $ 215690 | |||||
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Exercise 2.22 (Part Level Submission) Toonie Car Washing Company reports the following costs and account analysis...
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Exercise 11-5 (Part Level Submission)
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
$6,770
6,300
February
7,720
7,200
March
10,680
10,800
April
13,822
14,220
May
9,100
9,000
June
14,060
14,400
(a1)
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(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
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Required information [The following information applies to the questions displayed below.) Bargain Rental Car offers rental cars in an off-airport location near a major tourist destination in California. Management would like to better understand the variable and fixed portions of it car washing costs. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer. Management believes that the variable portion of its car...
Lurvey, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2017. E: (Click the icon to see the account information.) Lurvey, Inc., produced 80,000 units of product in 2017. Lurvey's management is estimating costs for 2018 on the basis of 2017 numbers. The following additional information is available for 2018. (Click the icon to see the additional information.) Read the requirements. 2017 2018 Variable unit Total cost X...
Morin, Inc., a manufacturer of plastic products, reports the
following manufacturing costs and account analysis classification
for the year ended December 31, 2017.
Morin, Inc., produced 72500 units of product in 2017. Morin's
management is estimating costs for 2018 on the basis of 2017
numbers. The following additional information is available for
2018.
REQUIREMENTS
Data Table Account Classification Amount Direct materials All variable $ 326,250 Direct manufacturing labor All variable 217,500 Power All variable 54,375 Supervision labor 72,500 15% variable...
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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
$6,770
6,300
February
7,720
7,200
March
10,680
10,800
April
13,822
14,220
May
9,100
9,000
June
14,060
14,400
(a1)
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
$
Click if you would...
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