Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) / (Highest activity-Lowest activity)
= (350-114)/(850-260)
= 236/590
= 0.40 per machine hour
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Sunland, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity...
Exercise 2-9 (Part Level Submission) Usonic, Inc., has collected the following information on its cost of...
Exercise 2-9 (Part Level Submission) Usonic, Inc., has collected the following information on its cost of electricity: January February March April May June July August September October November December Machine Hours 629 700 494 427 448 304 373 558 573 274 428 200 Total Electricity Costs $280 $320 $272 $208 $237 $182 $180 $246 $260 $174 $220 $120 Your answer is incorrect. Try again. Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 15.25.) Fixed...
The controller of Wildhorse Production has collected the following monthly expense data for analyzing the cost...
The controller of Wildhorse Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. January February March April May June July August September October November December Total Total Electricity Costs Machine Hours $2,450 230 3,060 380 3,520 480 4,760 685 3,190 410 4,910 800 4,030 650 3,870 5,040 680 4,260 3,250 6,580 820 540 610 380 (a) Determine the fixed- and variable-cost components using the high-low method. Fixed-costs Variable costs (b) What electricity cost...
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xercise 5-3 a1-a2 (Video) The controller of Sunland Industries has collected the following monthly expense data...
xercise 5-3 a1-a2 (Video) The controller of Sunland 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 5,470 730 Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $ Determine the fixed cost components using...
Can somone show me how to do the 1st problem? Need to find the LS and...
Can somone show me how to do the 1st problem? Need to
find the LS and SS for the fit and the LH and SH for the hole.
Fits are all SHAFT BASIS METRIC but the shaft and hole diameters can not be used right out of the table. This is because the 3mm shaft tolerance does not match. You will need to lookup the "Fit" from the table, and then use the LS (Largest Shaft) and SS (Smallest Shaft)...
#1 #2 #3 Please show work Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate,...
#1
#2
#3
Please show work
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 290 9,490 7,000 February 330 March 7,531 April 8,140 May 9,787 310 240 June 8,490 July 10,776 400 August 7,500 220 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a sta...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a statement of cash flows, including asset revaluations, bones share ise and transfer to resernes, using direct and indinect methods SIMIC AND NIKOLIC LTD Statement of financial position as at 30 June 2016 (LO3) 2016 2015 $000 $000 Assets Current assets 3150 1240 Cash 1 220 1 100 Accounts receivable Allowance for doubtful debts (60) 1520 60 (50) 1300 Inventory Prepaid...
In C++ Programming: Using a single for loop, output the even numbers between 2 and 1004...
In C++ Programming: Using a single for loop, output the even numbers between 2 and 1004 (inclusive) that iterates (loops) exactly 502 times. The outputted numbers be aligned in a table with 10 numbers per row. Each column in the table should be 5 characters wide. Do not nest a loop inside of another loop. Hint: First create and test the code that output the numbers all on one line (the command line will automatically wrap the output to new...
Using the chart of accounts in Figure 2-1, determine the changes to the balance sheet, income...
Using the chart of accounts in Figure 2-1, determine the changes
to the balance sheet, income statement, job cost ledger, and
equipment ledger as the result of purchasing a new loader (Loader
3) to replace an existing loader (Loader 2). The new loader costs
$115,200. The new loader will be paid for by trading in the
existing loader for a credit of $15,200 and the remaining $100,000
will be financed through the dealership. The existing loader was
purchased for $95,000...
Chart of Accounts 5. The following transactions are being entered into the accounting system. Using the...
Chart of Accounts 5. The following transactions are being entered into the accounting system. Using the Chart of Accounts (attached), determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering each of the following transactions: [30 points) a. A $5,000 invoice for concrete charged to job cost code 102.01.32300M; b. A $24,400 invoice from a subcontractor for HVAC charged to job cost code 201.01.231005. 15% retention is withheld from the...
Exercise 2-9 (Part Level Submission) Usonic, Inc., has collected the following information on its cost of electricity: January February March April May June July August September October November December Machine Hours 629 700 494 427 448 304 373 558 573 274 428 200 Total Electricity Costs $280 $320 $272 $208 $237 $182 $180 $246 $260 $174 $220 $120 Your answer is incorrect. Try again. Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 15.25.) Fixed...
The controller of Wildhorse Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. January February March April May June July August September October November December Total Total Electricity Costs Machine Hours $2,450 230 3,060 380 3,520 480 4,760 685 3,190 410 4,910 800 4,030 650 3,870 5,040 680 4,260 3,250 6,580 820 540 610 380 (a) Determine the fixed- and variable-cost components using the high-low method. Fixed-costs Variable costs (b) What electricity cost...
Transits - Application Complete the task correctly on first attempt. Failure to perform will be rewarded with -2 points per unsuccessful attempt. Star Light Curve 100.01 100.00 99.99 99.98 99.97 3 99.96 99.95 99.94 99.93 99.92 99.91 2 99.90 99.89 99.88 99.87 99.86 99.85 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 210 220 230 240 250 260 270 280 290 300 310 320 330 340 350...
Can somone show me how to do the 1st problem? Need to
find the LS and SS for the fit and the LH and SH for the hole.
Fits are all SHAFT BASIS METRIC but the shaft and hole diameters can not be used right out of the table. This is because the 3mm shaft tolerance does not match. You will need to lookup the "Fit" from the table, and then use the LS (Largest Shaft) and SS (Smallest Shaft)...
#1
#2
#3
Please show work
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 290 9,490 7,000 February 330 March 7,531 April 8,140 May 9,787 310 240 June 8,490 July 10,776 400 August 7,500 220 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In...
PSB11.10 Below is the information relating to Simic and Nikolic Ltd for the year ended 30 June 2016. Prepare a statement of cash flows, including asset revaluations, bones share ise and transfer to resernes, using direct and indinect methods SIMIC AND NIKOLIC LTD Statement of financial position as at 30 June 2016 (LO3) 2016 2015 $000 $000 Assets Current assets 3150 1240 Cash 1 220 1 100 Accounts receivable Allowance for doubtful debts (60) 1520 60 (50) 1300 Inventory Prepaid...
Using the chart of accounts in Figure 2-1, determine the changes
to the balance sheet, income statement, job cost ledger, and
equipment ledger as the result of purchasing a new loader (Loader
3) to replace an existing loader (Loader 2). The new loader costs
$115,200. The new loader will be paid for by trading in the
existing loader for a credit of $15,200 and the remaining $100,000
will be financed through the dealership. The existing loader was
purchased for $95,000...
Chart of Accounts 5. The following transactions are being entered into the accounting system. Using the Chart of Accounts (attached), determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering each of the following transactions: [30 points) a. A $5,000 invoice for concrete charged to job cost code 102.01.32300M; b. A $24,400 invoice from a subcontractor for HVAC charged to job cost code 201.01.231005. 15% retention is withheld from the...
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