Correct answer--------(a) $0.13
Working
Cost | No. of activities | ||
A | High Level | $ 3,536.00 | 17646 |
B | Low Level | $ 2,610.00 | 10481 |
C=A-B | Difference | $ 926.00 | $ 7,165.00 |
A | Cost difference | $ 926.00 | |
B | No. of activities difference | 7165 | |
C=A/B | Variable cost per unit | $ 0.13 |
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to...
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty's variable utilities cost per machine hour. Round to the nearest cent. Cost Machine Hours March $3,091 14,557 April 2,637 9,654 May 2,804 11,926 June 3,899 18,355
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,091 15,487 April 2,682 10,301 May 2,810 11,521 June 3,611 18,336 O a. $1.39 O b. $0.65 O c. $0.69 Od. $0.12
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty's variable utilities cost per machine hour. Round to the nearest cent. Cost Machine Hours March $3,050 15,063 April 2,613 9,686 May 2,892 12,392 June 3,843 18,245 a.$0.14 b.$1.01 c.$0.97 d.$1.58
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,200 9,500 February 35,900 17,500 March 28,400 12,300 April 30,400 15,100 a.$24,958 b.$14,681 c.$11,745 d.$46,979
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Cost Machine Hours January $90,350 10,500 February 146,600 18,000 March 103,450 12,200 April 123,580 14,900 a.$19,700 b.$9,300 c.$37,100 d.$11,600
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Cost Machine Hours January $64,740 10,100 February 109,560 18,400 March 76,390 12,200 April 93,020 15,300 a.$10,200 b.$32,600 c.$17,300 d.$8,200
2. Given the following cost and activity observations for Levo Enterprises utilities, use the high-low method to calculate Levo's variable utilities cost per machine hour. Round your answer to two decimal places, Month Cost Machine Hours September 22,000 $4,100 October 3,700 16,000 November 4,000 20.000 December 4,500 25,000 $0.13 ОА. OBS11.25 $0.16 Ос. OD $0.09
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....
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Month, Utilities Machine Hours January $ 9,200 850 February 8,860 770 March 9,450 860 April 9,860 970 May 10,240 1,000 June 9,650 950...
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Machine Month Utilities Hours January February $10,300 960 9,960 880 March 10,550 970 April 10,960 1,080 May 11,087 1,110 June 10,750 1,060 Using...