Homework Answers
| Units shipped | Shipping Expense | ||||||
| 2 | $1,300 | ||||||
| 3 | $1,900 | ||||||
| 4 | $1,800 | ||||||
| 5 | $2,100 | ||||||
| 6 | $2,400 | ||||||
| 7 | $2,400 | ||||||
| 8 | $3,400 | ||||||
| 1b | Yes, there is approximate Linear Relationship | ||||||
| Units shipped | Shipping Expense | ||||||
| High Activity Level | 8 | $3,400 | 3400=a+b*8 | ||||
| Low Activity Level | 2 | $1,300 | 1300=a+b*2 | ||||
| Change | 6 | $2,100 | (3400-1300)=b*(8-2) | ||||
| Variable Cost element | $350 | per Unit | 6b=2100 | ||||
| Fixed cost | $600 | b=(2100/6)= | 350 | ||||
| 3400=a+350*8 | |||||||
| 4 | Other factors likely to affect shipping expenses: | a=3400-2800=600 | 600 | ||||
Distance Trave led |
|||||||
| Weight of units shipped | |||||||
| Express Shipping to meet deadline | |||||||
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The tolowing data relating to units shipped and total shipping expense have been assembled by Archer...
The following data relating to units shipped and total shipping expense have been assembled by Archer...
The following data relating to units shipped and total shipping expense have been assembled by Archer Company, a manufacturer of large, custom-built air-conditioning units for commercial buildings: Units Shipped Month January February March April May June Total Shipping Expense $ 5,020 3,480 4,240 3,430 1.940 8.110 1,660 July Required: 1. Estimate a cost formula for shipping expense using the high-low method. Y= + x 2. Not available in Connect 3. What factors, other than the number of units shipped, are...
The following data relating to units shipped and total shipping expense have been assembled by Archer...
The following data relating to units shipped and total shipping expense have been assembled by Archer Company, a manufacturer of large, custom-built air-conditioning units for commercial buildings: Month Units Shipped Total Shipping Expense January 10 $ 5,650 February 7 4,080 March 7 3,980 April 5 3,150 May 4 2,510 June 18 8,820 July 3 2,220 Required: 1. Estimate a cost formula for shipping expense using the high-low method. y=...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built alr-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped Month January February March April May Total Shipping Expense $ 2,400 $ 2,900 $ 2,300 $ 2.600 $ 2,900 $ 3.900 $ 1,800 June als Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
Required:
1-a. Prepare a scattergraph using the data given above. Plot
cost on the vertical axis and activity on the horizontal axis.
Instructions:
1. On the graph below, use the point tool (January) to
plot units shipped on the horizontal axis and the shipping expense
on the vertical axis.
2. Repeat the same process for the plotter tools
(February to July).
3. To enter exact coordinates, click on the point and
enter the values of x and y.
4. To...
4. What factors, other than the number of units shipped, are likely to affect the company’s...
4. What factors, other than the number of units shipped, are
likely to affect the company’s shipping expense? (You may
select more than one answer. Single click the box with the question
mark to produce a check mark for a correct answer and double click
the box with the question mark to empty the box for a wrong answer.
Any boxes left with a question mark will be automatically graded as
incorrect.)
Required information Exercise 6A-4 High-Low Method; Scattergraph Analysis...
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following...
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Month Units Shipped Total Shipping Expense January 2 $ 2,200 February 5 $ 2,700 March 3 $ 2,100 April 4 $ 2,400 May 6 $ 2,700 June 7 $ 3,700 July 1 $ 1,600 Using the high-low method, estimate the cost formula for shipping expense. Variable shipping expense: (per unit) Fixed shipping expense: (per...
what is variable expense?? fixed shipping expense is correct *note* variable expense is not $25 or...
what is variable expense??
fixed shipping expense is correct
*note* variable expense is not $25 or $250
pter 6 Graded Homework i Required information [The following information applies to the questions displayed below.] commercial Archer Company is a wholesaler of custom-built air-conditioning units for monthly data relating to units shipped and total shipping expense: buildings. It gathered the following Units Shipped Month January February March April May June July Total Shipping Expense $ 1,800 $ 2.300 $1,700 $ 2, eee...
what is the variable shipping expense? its not 250 or 2.50 Required information The following information...
what is the variable shipping expense? its not 250 or
2.50
Required information The following information applies to the questions displayed below.] art 1 of 2 Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped eBook Month January February March April Total Shipping Expense $ 1.800 $ 2,300 $1,700 $ 2,000 $ 2,300 $ 2,700 $ 1,200 Print References June July...
The Lakeshore Hoter's guest-days of occupancy and custodial supplies expense over the last seven months were:...
The Lakeshore Hoter's guest-days of occupancy and custodial supplies expense over the last seven months were: Month March April May June July August Guest-Days of Supplies Expense S 13,100 s12,600 15,100 11,000 16,600 18,600 17,800 15,100 7,500 7,000 9,500 13,000 12,000 9,500 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days Required: 1. Using the high-low method, estimate a cost formula...
Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped...
Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped and total shipping costs: Number Total of Units Shipping Cost Month Shipped 3500 2.500 February 75 March 45 June July 80 4.000 50 3,450 Required: 1. Prepare a scattergraph of Odessa's shipping cost and draw the line you believe best fits the data. Instructions: 1. Use the point tool (7 points) to plot each Units Shipped / Total cost combination. 2. To enter exact...
The following data relating to units shipped and total shipping expense have been assembled by Archer Company, a manufacturer of large, custom-built air-conditioning units for commercial buildings: Units Shipped Month January February March April May June Total Shipping Expense $ 5,020 3,480 4,240 3,430 1.940 8.110 1,660 July Required: 1. Estimate a cost formula for shipping expense using the high-low method. Y= + x 2. Not available in Connect 3. What factors, other than the number of units shipped, are...
Required Information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built alr-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped Month January February March April May Total Shipping Expense $ 2,400 $ 2,900 $ 2,300 $ 2.600 $ 2,900 $ 3.900 $ 1,800 June als Required: 1-a. Prepare a scattergraph using the data given above. Plot cost on the vertical axis...
Required:
1-a. Prepare a scattergraph using the data given above. Plot
cost on the vertical axis and activity on the horizontal axis.
Instructions:
1. On the graph below, use the point tool (January) to
plot units shipped on the horizontal axis and the shipping expense
on the vertical axis.
2. Repeat the same process for the plotter tools
(February to July).
3. To enter exact coordinates, click on the point and
enter the values of x and y.
4. To...
4. What factors, other than the number of units shipped, are
likely to affect the company’s shipping expense? (You may
select more than one answer. Single click the box with the question
mark to produce a check mark for a correct answer and double click
the box with the question mark to empty the box for a wrong answer.
Any boxes left with a question mark will be automatically graded as
incorrect.)
Required information Exercise 6A-4 High-Low Method; Scattergraph Analysis...
what is variable expense??
fixed shipping expense is correct
*note* variable expense is not $25 or $250
pter 6 Graded Homework i Required information [The following information applies to the questions displayed below.] commercial Archer Company is a wholesaler of custom-built air-conditioning units for monthly data relating to units shipped and total shipping expense: buildings. It gathered the following Units Shipped Month January February March April May June July Total Shipping Expense $ 1,800 $ 2.300 $1,700 $ 2, eee...
what is the variable shipping expense? its not 250 or
2.50
Required information The following information applies to the questions displayed below.] art 1 of 2 Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Units Shipped eBook Month January February March April Total Shipping Expense $ 1.800 $ 2,300 $1,700 $ 2,000 $ 2,300 $ 2,700 $ 1,200 Print References June July...
The Lakeshore Hoter's guest-days of occupancy and custodial supplies expense over the last seven months were: Month March April May June July August Guest-Days of Supplies Expense S 13,100 s12,600 15,100 11,000 16,600 18,600 17,800 15,100 7,500 7,000 9,500 13,000 12,000 9,500 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days Required: 1. Using the high-low method, estimate a cost formula...
Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped and total shipping costs: Number Total of Units Shipping Cost Month Shipped 3500 2.500 February 75 March 45 June July 80 4.000 50 3,450 Required: 1. Prepare a scattergraph of Odessa's shipping cost and draw the line you believe best fits the data. Instructions: 1. Use the point tool (7 points) to plot each Units Shipped / Total cost combination. 2. To enter exact...
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