Homework Answers
Answer 1
| Variable cost per hour = $ 0.4 |
Answer 2
| Fixed Cost = $ 1,290 |
Calculations:
| Lowest range | Highest range | |
| Cost | $ 2,748 | $ 4,620 |
| Hours | 3,645 | 8,325 |
| As per High Low Method, |
| Variable cost per hour = Change in costs / change in hours |
| Variable cost per hour = (4,620-2,748)/(8,325-3,645) |
| Variable cost per hour = 1,872/4,680 |
| Variable cost per hour = $ 0.4 |
| Fixed Cost = Total Cost - Variable Cost |
| Fixed Cost = Total Cost - (Variable Cost per hour * hours) |
| Fixed Cost = 4,620-(0.4*8,325) |
| Fixed Cost = $ 1,290 |
In case of any doubt, please comment.
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The controller of Ayayai Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
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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
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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
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monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$ 3,041
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3,456
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April
5,184
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3,686
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June
5,322
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The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
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
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February
3,525
4,700
March
4,230
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April
5,287
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May
3,760
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June
5,428
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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 Norton Industries has collected the following monthly expense data for use in analyzing...
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
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
Determine the variable cost components using the high-low method.
(Round variable cost to 3 decimal places e.g.
12.250.)
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$
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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)
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 like...
The controller of Swifty Industries has collected the following monthly expense data for use in analyzing the...
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...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $2,710 3,010 3,610 4,510 3,210 5,590 Total Machine Hours 350 400 550 640 550 750 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal pl e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
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...
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...
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 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 Month Maintenance costs Janpary February March April May June $3,123 3,549 4,259 5,323 3,786 5,465 Total Machine Hours 4,140 4,732 7,098 9,346 5,915 9,464 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places .g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
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 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
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
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...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Exercise 18-3 The controller of Norton 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 $2,730 January 350 February 3,030 400 March 3,630 550 April 4,530 540 May 3,230 550 June 5,690 750 Detemine the variable cost components using the high-low method....
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)
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 like...
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...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $2,710 3,010 3,610 4,510 3,210 5,590 Total Machine Hours 350 400 550 640 550 750 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal pl e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
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