Thomas Train has collected the following information over the last six months.
Month | Units produced | Total costs |
March | 10,000 | $25,600 |
April | 12,000 | 26,200 |
May | 18,400 | 29,600 |
June | 13,000 | 26,450 |
July | 12,000 | 26,000 |
August | 15,000 | 26,500 |
Using the high-low method, what is the variable cost per unit?
Round to two decimal places.
Your Answer:
Question 1 options:
Answer |
Question 2 (1 point)
Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows:
January | February | March | April | May | June | July | |
Number of rooms cleaned | 250 | 160 | 200 | 150 | 300 | 170 | 260 |
Cleaning cost | $6,450 | $4,060 | $5,100 | $4,100 | $6,760 | $4,200 | $6,530 |
How much are estimated monthly variable costs using the high-low method?
Round to two decimal places.
Your Answer:
Question 2 options:
Answer |
rate positively ..
ans 1 | ||||||||||||
Month | Units produced | Total costs | ||||||||||
March | 10,000 | $25,600 | ||||||||||
April | 12,000 | 26,200 | ||||||||||
May | 18,400 | 29,600 | ||||||||||
June | 13,000 | 26,450 | ||||||||||
July | 12,000 | 26,000 | ||||||||||
August | 15,000 | 26,500 | ||||||||||
high | 18,400 | 29,600 | ||||||||||
Low | 10,000 | 25,600 | ||||||||||
Delta | 8,400 | 4,000 | ||||||||||
Variable cost per unit =4000/8400 | 0.48 | |||||||||||
Ans = | 0.48 | per unit | ||||||||||
ans 2 | January | February | March | April | May | June | July | High | Low | Delta | ||
Number of rooms cleaned | 250 | 160 | 200 | 150 | 300 | 170 | 260 | 300 | 150 | 150 | ||
Cleaning cost | $6,450 | $4,060 | $5,100 | $4,100 | $6,760 | $4,200 | $6,530 | 6760 | 4060 | 2700 | ||
Variable cost per room clearning= 2700/150 | 18.00 | per room cleaning | ||||||||||
ans = | 18.00 |
Thomas Train has collected the following information over the last six months. Month Units produced Total...
Question 1 (1 point) Thomas Train has collected the following information over the last six months. Month Units Total costs produced March 10,000 $25,600 April 12,000 26,200 May 19.400 29.600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit? Round to two decimal places, Your Answer:
Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: July 260 January February March April May June Number of rooms 250 160 200 150 270 1 70 cleaned Cleaning $6,450 $4,060 $5,100 $4,100 $6,880 $4,200 cost How much are estimated monthly variable costs using the high-low method? $6,530 Round to two decimal places. Your Answer: Answer
CHAPTER THREE 7. The following information is available for electricity costs for the last six months of the year: Month Production Volume Electricity Costs February 1,000 $1,700 March 2,200 4,000 April 2,000 3,200 May 1,630 3,100 June 1,240 2,600 July 1,340 3,020 Using the high-low method, what is the estimated variable cost per unit of production? (Round your answer to two decimal places.) (4 Points) 1.75 1.92 1.53 1.37
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5) Saints Publishers has collected the following date for recent months: Month Issues Published Total Cost March 25,000 21,900.00 April 28,100 22,644.00 May 15,770 18,954.00 June 22,100 21,786.00 Determine: A) Using the high-low method, find the variable cost per unit & total fixed costs, B) what is the estimated cost for a month in which 91,000 issues are published? (If required, round answers to the nearest cent).
The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy-Days 6.900 7.900 13,600 20,500 25,500 17,800 15,000 Custodial Supplies Expense $ 14,430 15,150 19,420 23,950 27,450 20,710 19,450 Occupancy-days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days. Required: 1. Using the high-low method, estimate a...
The Lakeshore Hotel's occupancy-days and custodial supplies expense over the last seven months were as follows: Month March April May June July August September Occupancy-Days 6.900 7.900 13,600 20,500 25,500 17,800 15,000 Custodial Supplies Expense $ 14,430 15,150 19,420 23,950 27,450 20,710 19,450 Occupancy-days are a measure of the overall activity at the hotel. For example, when a guest stays at the hotel for three days, it is counted as three occupancy-days. Required: 1. Using the high-low method, estimate a...
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