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Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (14060-6770)/(14400-6300)
= 0.90
Fixed cost = Total cost - Variable cost
= 14060 - (14400*0.90)
= 1100
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
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) 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...
The controller of Swifty 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 $2,550 300 February 2,880 360 March 3,480 510 April 4,380 680 May 3,080 510 June 5,150 700 (a1) 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 $ Click if you would...
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 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 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...
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...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Your answer is incorrect. Try again. 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 0.55 LINK TO...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal pla e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 19-5 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 Month January February March April May June $2,643 3,003 3,604 4,505 3,203 4,625 Total Machine Hours 3,504 4,004 6,006 7,908 5,005 8,008 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 VIDEO: SIMILAR EXERCISE...
The controller of Norton 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 $2,550 300 February 2,850 350 March 3,450 500 April 4,350 690 May 3,050 500 June 5,460 700 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour $ LINK TO TEXT LINK TO TEXT Determine the fixed...