The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period.
Machine- Hours |
Manufacturing Overhead | |||||
January | 6,000 | $ | 300,000 | |||
February | 3,200 | 224,000 | ||||
March | 4,900 | 263,800 | ||||
April | 2,700 | 180,000 | ||||
a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.)
a-2. Use the high-low method to determine the fixed element of monthly overhead cost.
b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs.
c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs?
What is:
a-1.Manufacturing overhead cost per machine hour?
a-2.Fixed element of monthly overhead cost
b.Estimated manufacturing overhead cost Amount
c.February
March
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours 5,600 January February March April Manufacturing Overhead $ 300,000 224,000 263,800 180,000 3,200 4,900 2,800 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours Manufacturing Overhead January 5,100 $ 300,000 February 3,200 224,000 March 4,900 263,800 April 2,900 180,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours Manufacturing Overhead January 5,400 $ 310,000 February 3,200 224,000 March 4,900 263,800 April 2,800 190,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to...
The following information is available regarding the total manufacturing overhead of Bursa Mfg.Co. for a recent four-month period. January February March April Machine- Hours 5,600 3,200 4,900 3,000 Manufacturing Overhead $ 310,000 224,000 263,800 190,000 Book Print erences a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours Manufacturing Overhead January 6,000 $ 320,000 February 3,200 224,000 March 4,900 264,000 April 2,500 180,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to equal 4,500. Use the cost relationships determined...
January February March April Machine Hours 5,900 3,200 4,900 2,600 Manufacturing Overhead $ 300,000 224,000 263,800 190,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. c. Suppose Bursa...
1. HIGH-LOW METHOD The following information is available regarding the total manufacturing overhead costs of Paymore, Inc., for five months in 2012: Machine-Hours Mfg Overhead Costs 6,900 February March 5,000 April 6,300 $6,250 $5,375 $6,025 $7,975 $6,050 May 9,333 June 6,833 a. Using the high-low method, compute the following: 1. The variable element of overhead cost per machine-hour: per machine-hour ii. The fixed element of monthly overhead cost: $ b. Use the cost relationship determined in part a to estimate...
he following information is available regarding the total manufacturing overhead of Olaf Company for a recent four-month period. Machine Hours Mfg. Overhead April 78,000 $ 180,000 May 50,000 $ 163,000 June 109,000 $ 251,500 July 105,000 $ 192,000 Using the high-low method, compute the variable element of manufacturing overhead cost per machine hour. Using the high-low method, compute the fixed element of Olaf's monthly overhead cost. Olaf's projected August operations will require approximately 160,000 machine hours. Using the high-low method,...
The following information is available regarding the total manufacturing overhead of Olaf Company for a recent four-month period. Machine Hours Mfg. Overhead April 70,000 $ 176,000 May 50,000 $ 159,000 June 105,000 $ 219,500 July 101,000 $ 187,000 Using the high-low method, compute the fixed element of Olaf's monthly overhead cost. Multiple Choice $81,300 $104,000 $100,500 $60,500
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