Homework Answers
| 1. Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. |
| Variable cost per unit = ($2,410 - $2,320)/(4,100 - 3,200) = $0.10 |
| Total variable cost for August = 4,100 x $0.10 = $410 |
| Therefore, |
| Total fixed costs = $2,410 - $410 = $2,000 |
| Ethan's operating cost equation is as follows: |
| y = $0.10x + $2,000 |
| 2. Use your answer from Requirement 1 to predict total monthly operating costs if Ethan serves 4,600 pancakes in 1 month. |
| The total monthly operating costs if Ethan serves 4,600 pancakes is $2,460. |
| (4,600 x $0.10) + $2,000 = $2,460 |
Add Answer to:
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining...
need requirements 1,2,3 please. Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain...
need requirements 1,2,3 please.
Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Ethan needs to figure out his cost behaviour pattoms. He has the following Information about his operating costs and the number of pancakes served: (Click the icon to view the data.) Requirements 1. Use the high-low method to determine Ethan's operating cost equation 2. Use your answer from Requirement 1...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating back to the Yukon gold rush. To plan for the future, Carl 1. Use the high-low method to determine Carl's operating cost equation. needs to figure out his cost behaviour patterns. He has the following information 2. Use your answer from Requirement 1 to predict total monthly operating costs if about his operating costs and the number of pancakes served: Carl serves 4,000 pancakes...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the monthly operating costs for a month in which the company performs 3.400 of charges Click the loon to view the data) Use the high-low method to determine the variable and fixed costs components of Montrose Oil and Lube's operating cost equation First identify the formula and calculate the variable cost component (slope) (Round your answer...
Use the high-low method to determine Flower ModeFlower Mode's operating cost equation. Use your results to...
Use the high-low method to determine Flower ModeFlower
Mode's operating cost equation.
Use your results to predict van operating costs at a
volume of 16,500 miles.
E6-26A (similar to) Kim Chen, owner of lower Mode, operatus a local chain of oral shops. Each shop has its own delivery van instand of charging Aflat delivery fan, Chion wants to set the delivery few based on the distance diven to deliver the flowers. Chen wants to sepa the fixed and variable portions...
please answer requierement 1,2 and 3 Tran Company, which uses the high-low method to analyze cost...
please answer requierement 1,2 and 3
Tran 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.) Read the requirements - X Х Data Table 1 - till Month Total Cost Machine Hours 3,400 1,090 January...... $ February ..... $ March ... $ 3,770...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...
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.) i Data Table 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....
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...
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...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best pred...
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...
use the High-low method to determine the cost equation that expresses how monthly operating costs behave in relation to...
use the High-low method to determine the cost equation that
expresses how monthly operating costs behave in relation to the
number of trips made. First, highlight
the two months you will using (the highlight icon looks like a
spilling paint bucket). Click on the “insert” tab
on the menu bar then select “Text Box” to draw a
box in which to show and clearly label your high-low cost equation.
Follow and show the 3-step process in your textbook. Remember,
these...
Question Help Tran Company, which uses the high-low method to analyze cost behaviour, has determined that...
Question Help Tran Company, which uses the high-low method to analyze cost behaviour, 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...
need requirements 1,2,3 please.
Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Ethan needs to figure out his cost behaviour pattoms. He has the following Information about his operating costs and the number of pancakes served: (Click the icon to view the data.) Requirements 1. Use the high-low method to determine Ethan's operating cost equation 2. Use your answer from Requirement 1...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating back to the Yukon gold rush. To plan for the future, Carl 1. Use the high-low method to determine Carl's operating cost equation. needs to figure out his cost behaviour patterns. He has the following information 2. Use your answer from Requirement 1 to predict total monthly operating costs if about his operating costs and the number of pancakes served: Carl serves 4,000 pancakes...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the monthly operating costs for a month in which the company performs 3.400 of charges Click the loon to view the data) Use the high-low method to determine the variable and fixed costs components of Montrose Oil and Lube's operating cost equation First identify the formula and calculate the variable cost component (slope) (Round your answer...
Use the high-low method to determine Flower ModeFlower
Mode's operating cost equation.
Use your results to predict van operating costs at a
volume of 16,500 miles.
E6-26A (similar to) Kim Chen, owner of lower Mode, operatus a local chain of oral shops. Each shop has its own delivery van instand of charging Aflat delivery fan, Chion wants to set the delivery few based on the distance diven to deliver the flowers. Chen wants to sepa the fixed and variable portions...
please answer requierement 1,2 and 3
Tran 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.) Read the requirements - X Х Data Table 1 - till Month Total Cost Machine Hours 3,400 1,090 January...... $ February ..... $ March ... $ 3,770...
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.) i Data Table 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....
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...
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...
use the High-low method to determine the cost equation that
expresses how monthly operating costs behave in relation to the
number of trips made. First, highlight
the two months you will using (the highlight icon looks like a
spilling paint bucket). Click on the “insert” tab
on the menu bar then select “Text Box” to draw a
box in which to show and clearly label your high-low cost equation.
Follow and show the 3-step process in your textbook. Remember,
these...
Question Help Tran Company, which uses the high-low method to analyze cost behaviour, 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...
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