Homework Answers
Variable cost per machine hour = Change in Cost/Change in machine hour = (30000-14000)/(17000-7000) = 1.60 per MH
Fixed cost = 30000-(17000*1.60) = 2800
Total power cost on 10000 MH = (10000*1.60)+2800 = 18800
So answer is a) $18800
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Exercise 171 Moresan Co. gathered the following Information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs per...
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Chapter 19 Problem 1: Moresan Co. gathered the following information on power costs and factory machine usage for the last six months Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers (a) What is the estimated variable portion of power costs per factory machine hour? (b)...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for...
Question 2
Moresan Co. gathered the following information on power costs and
factory machine usage for the last six months:
Month
Power Cost
Factory Machine Hours
January
$24,400
13,900
February
30,400
17,600
March
29,000
16,800
April
22,340
13,200
May
19,900
11,600
June
16,900
8,600
Using the high-low method of analyzing costs, answer the following
questions.
What is the estimated variable portion of power costs per
factory machine hour? (Round answer to 2 decimal
places, e.g. 15.25.)
Variable power costs
$...
10) XYZ Company provided you with the following cost information. Month January February March April May...
10) XYZ Company provided you with the following cost information. Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Answer the following questions and show computations to support your answers by using the high-low method of analyzing costs.. (a) Calculate the estimated variable portion of power costs per factory machine hour? 1.5 cost per unit (b) Calculate the estimated fixed power cost each month?...
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The Aust Corporation has gathered the following data on its copy machine costs for the first...
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Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a ne...
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a new product going on the market next year. The following data are projections for production and sales: Variable costs $125000 Fixed costs $450000 ROI Investment $2000000 Sales 100000 units 14% What is the target selling price per unit? $8.55 $7.30 $4.05 $5.75 Question Attem: Study 1 Privacy Policy. I 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc....
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The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 (a) Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of...
Exercise 171 Moresan Co. gathered the following Information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs per...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. (a) What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs...
Chapter 19 Problem 1: Moresan Co. gathered the following information on power costs and factory machine usage for the last six months Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers (a) What is the estimated variable portion of power costs per factory machine hour? (b)...
Question 2
Moresan Co. gathered the following information on power costs and
factory machine usage for the last six months:
Month
Power Cost
Factory Machine Hours
January
$24,400
13,900
February
30,400
17,600
March
29,000
16,800
April
22,340
13,200
May
19,900
11,600
June
16,900
8,600
Using the high-low method of analyzing costs, answer the following
questions.
What is the estimated variable portion of power costs per
factory machine hour? (Round answer to 2 decimal
places, e.g. 15.25.)
Variable power costs
$...
10) XYZ Company provided you with the following cost information. Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Answer the following questions and show computations to support your answers by using the high-low method of analyzing costs.. (a) Calculate the estimated variable portion of power costs per factory machine hour? 1.5 cost per unit (b) Calculate the estimated fixed power cost each month?...
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a new product going on the market next year. The following data are projections for production and sales: Variable costs $125000 Fixed costs $450000 ROI Investment $2000000 Sales 100000 units 14% What is the target selling price per unit? $8.55 $7.30 $4.05 $5.75 Question Attem: Study 1 Privacy Policy. I 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc....
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