Maddleson Inc. want to estimate the maintenance cost, which is measured against machine hours, for the...
Dugan Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs:MonthTotal Maintenance CostsTotal Machine HoursJanuary$ 5,000400February$ 6,000500March$ 7,200700April$ 9,600900May$ 6,400600June$ 9,800890Use the high-low method to answer the following questions about Dugan Industries.Round your answers to two decimal places.a) What is Dugan's variable cost component for maintenance costs? $ _____ per machine hourb) What is Dugan's fixed cost component for maintenance costs? $ c) What are the total expected maintenance cost when the activity...
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...
the other two options are: $1,600 and $1,100. Canine Supply Company's budgeted sales for January, February, and March are $120,000, $160,000, and $140,000, respectively. Based on past experience, ABC expects that 25% of a month's sales will be collected in the month of sale, 65% in the following month, and 9% in the second month following the sale. Budgeted cash receipts for the month of March would be: Multiple Choice 0 $140,000. 0 $135,400. 0 $141,800. 0 $149,800. Month January...
What would the monthly fixed maintenance cost be? Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table. Month January February March April Maintenance cost $13,600 $14,720 $12,000 $14,480 $15,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15.000 May June Using the high-low method, what would the monthly fixed maintenance cost bo? (Round any intermediary calculations to the nearest cent) O A $3,000 O B. $4,200 OC. $27,000 OD. $10,800
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) i Data Table Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3....
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...
Jungemann Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: Jungemann Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow:...
a) the total cost of hiring=$ (enter your response as a whole number) b)the total cost of layoffs=$?(enter your response as a whole number) c)the total inventory carrying cost =$?(enter your response as a whole number) d)the total stockout cost$?(enter your response as a whole number) e) the total cost, excluding normal time labor cost, is =$ ?(enter your response as a whole number) The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month Machine Hours Electricity Costs January 2,600 $ 19,250 February 3,000 $ 22,700 March 2,000 $ 14,350 April 3,200 $ 24,700 May 3,900 $ 29,100 June 3,400 $ 23,700 July 4,200 $ 25,600 August 3,600 $ 23,600 September 2,100 $ 17,200 October 3,800 $ 27,700 November...