Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (9500-4700)/(8500-3700)
= 1 per unit
Fixed cost = Total cost - Variable cost
= 9500 - (8500*1)
= 1000
Cost function = 1000+1x
Option C
Add Answer to:
Exhibit 5-1 Presented below are the production data for the mixed costs incurred by Clarion Company,...
Presented below are the production data for the first six months of the year for the...
Presented below are the production data for the first six months of the year for the mixed costs incurred by Venus Company. Month Cost Units January $5,260 4,100 February $5,000 4,000 March $6,810 5,520 April $9,900 9,000 May $5,900 4,960 June $7,390 6,510 Venus Company uses the high-low method to analyze mixed costs. How would the cost function be stated? A. y = $4,900 + $1.25X B. y = $9,900 + $1.10X C. y = $1,080 + $0.98X D. y = $2,510 + $0.98X
Presented below are the production data for the first six months of the year for the...
Presented below are the production data for the first six months of the year for the mixed costs incurred by Venus Company. Month Units January February March April May June Cost $5,350 $4,550 $6,810 $10,200 $5,900 $7,360 4,100 3,500 5,530 8,500 5,100 6,530 Venus Company uses the high-low method to analyze mixed costs. How would the cost function be stated? A. y = $5,650 + $1.30X B. y = $595 + $1.13X C. y = $10,200 + $1.20X OD. y...
Presented below are the production data for the first six months of the year for the...
Presented below are the production data for the first six months of the year for the mixed costs incurred by Vertise Company; Month Cost Units January $4,890 4,100 February 4,426 3,520 March 6,730 5,200 April 9,724 8,250 May 5,900 4,900 June 7,336 6,600 Vertise Company uses the high-low method to analyze mixed costs. How would the cost function be stated? Y = $7,850 + $1.18X Y = $2,388 + $1.12 Y = $5,298 + $1.19X Y = $484 +$1.12X None...
outlers F +vX 25. Presented below are the production data for the first six months of...
outlers F +vX 25. Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.(10 Points) Cost $4,076 4,012 Month January February March April May June Units 3,050 3.000 4.270 6.500 3,700 5,600 5,560 7.840 5,100 6,780 0 Crew Industries uses the high-low method to analyze mixed costs. Required: (1) How would the cost function be stated? (Round results to the nearest cent.) (2) What is the estimated total...
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to...
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month January February March April May Cost(Y) Hours (H) $ 9,520 5ee $11,625 930 $ 9,540 610 $ 9,985 530 $11,680 1,220 $11,310 905 June How should the cost function be properly stated using the high-low method? Multiple Choice Ο Y« $7,525 + $2.00H. Ο Y = $8,020 + $3.0ΟΗ. Ο Y =...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. January 10.00 $15,000 13,500 4,400 12,500 February 8,00 March 9,000 7,500 April Instructions Compute the variable and fixed cost elements using the high-low method.
The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily...
The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Frontive Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Cost Hours $24,700 5,000 26,000 5,500 34,000 7,500 45,370 10,300 38,000 9,500 What is the estimated total cost at an operating level of 9,000 hours? $40,300 $39,644 $44,460 $35,100 None of the above
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to...
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month January February March April May Cost(Y) $ 8,920 $10,875 $ 8,940 $ 9,235 $11,080 $19,590 Hours (H) 460 870 550 470 1,180 845 June What is the estimated total cost at an operating level of 1,180 hours, using the high-low method? (Round variable cost per unit to 2 decimal places.) Multiple Choice...
Discussion Question The Miller Company has assembled the following data pertaining to certain costs which cannot...
Discussion Question The Miller Company has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Miller has heard about two methods of developing cost functions called the high-low method & scattergram method and has decided to compare both methods. The table below shows monthly data collected on department costs and on the number of hours worked over a recent 12-month period. Department Costs # of Hours 37,000 3,700 23,000 1,600 37,000...
CALCULATOR FULL SCREEN Brief Exercise 18-04 Cullumber Company accumulates the following data concerning a mixed cost,...
CALCULATOR FULL SCREEN Brief Exercise 18-04 Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,005 7,500 Total Cost $14,170 13,490 March April Miles Driven 8,500 8,200 Total Cost $14,790 14,485 Compute the variable cost per mile using the high-low method (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile Compute the fixed cost elements using the high-low method. Fixed costs Problem 18-04A Pharoah Corp.'s sales...
Presented below are the production data for the first six months of the year for the mixed costs incurred by Venus Company. Month Units January February March April May June Cost $5,350 $4,550 $6,810 $10,200 $5,900 $7,360 4,100 3,500 5,530 8,500 5,100 6,530 Venus Company uses the high-low method to analyze mixed costs. How would the cost function be stated? A. y = $5,650 + $1.30X B. y = $595 + $1.13X C. y = $10,200 + $1.20X OD. y...
outlers F +vX 25. Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.(10 Points) Cost $4,076 4,012 Month January February March April May June Units 3,050 3.000 4.270 6.500 3,700 5,600 5,560 7.840 5,100 6,780 0 Crew Industries uses the high-low method to analyze mixed costs. Required: (1) How would the cost function be stated? (Round results to the nearest cent.) (2) What is the estimated total...
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month January February March April May Cost(Y) Hours (H) $ 9,520 5ee $11,625 930 $ 9,540 610 $ 9,985 530 $11,680 1,220 $11,310 905 June How should the cost function be properly stated using the high-low method? Multiple Choice Ο Y« $7,525 + $2.00H. Ο Y = $8,020 + $3.0ΟΗ. Ο Y =...
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. January 10.00 $15,000 13,500 4,400 12,500 February 8,00 March 9,000 7,500 April Instructions Compute the variable and fixed cost elements using the high-low method.
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month January February March April May Cost(Y) $ 8,920 $10,875 $ 8,940 $ 9,235 $11,080 $19,590 Hours (H) 460 870 550 470 1,180 845 June What is the estimated total cost at an operating level of 1,180 hours, using the high-low method? (Round variable cost per unit to 2 decimal places.) Multiple Choice...
Discussion Question The Miller Company has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Miller has heard about two methods of developing cost functions called the high-low method & scattergram method and has decided to compare both methods. The table below shows monthly data collected on department costs and on the number of hours worked over a recent 12-month period. Department Costs # of Hours 37,000 3,700 23,000 1,600 37,000...
CALCULATOR FULL SCREEN Brief Exercise 18-04 Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,005 7,500 Total Cost $14,170 13,490 March April Miles Driven 8,500 8,200 Total Cost $14,790 14,485 Compute the variable cost per mile using the high-low method (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile Compute the fixed cost elements using the high-low method. Fixed costs Problem 18-04A Pharoah Corp.'s sales...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 1 hour ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 2 hours ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 4 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 5 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 6 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 8 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 7 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 8 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 8 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 8 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 8 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 8 hours ago