amount in USD otherwise stated | ||||
Machine hours | Fixed cost | Variable cost | Overheads costs | |
431 | 1750 | 1067 | 2817 | |
477 | 1750 | 1222 | 2972 | |
406 | 1750 | 659 | 2409 | |
490 | 1750 | 1197 | 2947 | |
504 | 1750 | 1030 | 2780 | |
418 | 1750 | 904 | 2654 | |
2726 | 10500 | 6079 | ||
1 | ||||
Fixed Cost | 6079 | |||
Variable cost/machine hours | 2.23 | |||
2 | ||||
Month overhead cost if 958 machine hours in the month | ||||
Fixed Cost | Variable cost | Total overheads | ||
1750 | 2,136.35 | 3,886 | ||
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 463 468 402 483 507...
Question XYZ Company uses the formula y = a + bx to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1 457 $2,799 2 462 $2,994...
Question 14 z Company uses the formula y-a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for Month Machine Hours Overhead Costs 432 468 394 483 $2,646 3,089 2,476 $2,903...
XYZ Company uses the formula y = a +bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 453 $2,579 478 $3,073 397 $2,432 490 $2,820...
Please answer properly thanks Question 7 XYZ Company uses the formula y = a + bx to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1...
Question 14 XYZ Company uses the formula y = a + bX to predict and analyze overhead costs. In the previous year, XYZ used $1,750 per month for the a factor and $0.35 for the b factor in applying overhead. XYZ has used direct labour hours in the past, but is wondering whether overhead behaviour is more closely associated with machine hours. The following data have been generated for consideration: Month Machine Hours Overhead Costs 1 414 $2,752 2 487...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities cost. The company's cost and machine hour usage data for the first six months of the year follow (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...
xyz manufacturing Question 5 (1 point) XYZ Manufacturing uses a standard cost system with overhead applied based on direct-labor hours. The manufacturing budget for the production of 5,000 units for the month of June included 10,000 hours of direct labor at $20 per hour, or $200,000. During June, 4,500 units were produced, using 9,600 direct-labor hours, incurring $43,400 of variable overhead, and showing a variable overhead efficiency variance of $3,600 unfavorable. The standard variable overhead rate per direct-labor hour was...
Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Milling Customizing Machine-hours 26,000 10,000 Direct labor-hours 11,000 8,000 Total fixed manufacturing overhead cost $ 91,000 $ 44,000...