Question

Thomas Train has collected the following information over the last six months. Month Units produced Total...

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
0 0
Add a comment Improve this question Transcribed image text
Answer #1

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
Add a comment
Know the answer?
Add Answer to:
Thomas Train has collected the following information over the last six months. Month Units produced Total...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Question 1 (1 point) Thomas Train has collected the following information over the last six months. Month Units Tot...

    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 custome...

    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...

    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

  • The following information is available for a company's maintenance cost over the last seven months. Month...

    The following information is available for a company's maintenance cost over the last seven months. Month June July August September October November December Units Produced 90 180 120 150 210 240 Maintenance Cost $5,450 6,900 5, 100 6,000 6,900 8, 100 3,600 60 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Change in cost Change in volume High-Low method - Calculation of variable cost per maintenance hour Cost at high point minus cost...

  • The number of blood tests performed and the related costs over the last nine months in...

    The number of blood tests performed and the related costs over the last nine months in Brentine Hospital are given below. 3 Month January February March April Blood Tests Performed 4,335 4,850 Blood Test Costs $ 28,382 $ 30,370 $ 25,929 $22.542 $ 23,606 $ 19,190 $ 21,534 $ 26,850 $ 29, 330 May June July August September 2,700 3,255 4.155 4,550 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer...

  • The following information is available for Alba Company's maintenance cost over the last four months. Month...

    The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 210 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.

  • 5) Saints Publishers has collected the following date for recent months: Month Issues Published Total Cost...

    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:...

    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:...

    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...

  • Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table....

    Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table. Month January February March April Maintenance cost $13,600 $14,720 $13,000 $14,480 $17,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15,000 May June Using the high-low method, what would the total maintenance costs be if 17,500 machine hours were used? (Round any intermediary calculations to the nearest cent.) O A. $16,600 OB. $3,000 OC. $14,000 OD. $32,000 Maintenance costs at Seaside Manufacturing over the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT