Homework Answers
As per high low method, variable cost per unit = (Highest activity level cost – lowest activity level cost)/Difference in units
= (2390-2320)/(3900-3200)
= $0.1 per unit
Fixed costs = Total cost – variable cost
= 2390 – 0.1*3900
= 2000
Y = $2000+0.1x
Cost at 4300 units = 2000+4300*0.1
= $2430
No, the cost equation might not be relevant in this case as the volume has increased substantially
Add Answer to:
need requirements 1,2,3 please.
Ethan's Golden Hot Pancake Restaurant features sourdough pancakes made from a strain...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating back to the Yukon gold rush. To plan for the future, Carl 1. Use the high-low method to determine Carl's operating cost equation. needs to figure out his cost behaviour patterns. He has the following information 2. Use your answer from Requirement 1 to predict total monthly operating costs if about his operating costs and the number of pancakes served: Carl serves 4,000 pancakes...
Question 4. Fred's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough...
Question 4. Fred's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Fred needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served: Month Number of Pancakes Total Operating costs July.... 4.200 $2.320 August.......... 4.500 September..... $2,340 $2,220 $2,300 $2,510 3.500 3,800 4,300 October November. December. ....... 3.900 $2.490 A. Use...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost / Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Total operating cost . Total variable cost = Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. (Round the...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the monthly operating costs for a month in which the company performs 3.400 of charges Click the loon to view the data) Use the high-low method to determine the variable and fixed costs components of Montrose Oil and Lube's operating cost equation First identify the formula and calculate the variable cost component (slope) (Round your answer...
The manager of the main laboratory facility at MetroFit Center is interested in being able to...
The manager of the main laboratory facility at MetroFit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. B (Click the icon to view the data.) Use...
Kim Jungemann owner of Tulip Time, operates a local chain of floral shops. Each shop has...
Kim Jungemann owner of Tulip Time, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery tes Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers Jungemann wants to separate the foxed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities 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...
keeps telling me its wrong The manager of the main laboratory facility at CenterHealth Center is...
keeps telling me its wrong
The manager of the main laboratory facility at CenterHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. Click the icon to...
Alden Co.'s monthly unit sales and total cost data for its operating activities of the past...
Alden Co.'s monthly unit sales and total cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. Month Month Units Sold 320,000 160,000 280,000 200,000 300,000 200,000 Total Cost $160,000 100,000 220,000 100,000 230,000 120,000 Units Sold 340,000 280,000 80,000 160,000 100,000 110,000 Total Cost $220,000 160,000 64,000 140,000 100,000 80,000 Problem 18-2A Part 1 1. Estimate both the variable costs per unit and the total...
The manager of the main laboratory facility at MetroFit Center is interested in being able to...
The manager of the main laboratory facility at MetroFit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Use the...
Carl's Golden Hot Pancake Restaurant features sourdough pancakes made from a Requirements strain of sourdough dating back to the Yukon gold rush. To plan for the future, Carl 1. Use the high-low method to determine Carl's operating cost equation. needs to figure out his cost behaviour patterns. He has the following information 2. Use your answer from Requirement 1 to predict total monthly operating costs if about his operating costs and the number of pancakes served: Carl serves 4,000 pancakes...
Question 4. Fred's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Fred needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served: Month Number of Pancakes Total Operating costs July.... 4.200 $2.320 August.......... 4.500 September..... $2,340 $2,220 $2,300 $2,510 3.500 3,800 4,300 October November. December. ....... 3.900 $2.490 A. Use...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost / Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Total operating cost . Total variable cost = Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. (Round the...
Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the monthly operating costs for a month in which the company performs 3.400 of charges Click the loon to view the data) Use the high-low method to determine the variable and fixed costs components of Montrose Oil and Lube's operating cost equation First identify the formula and calculate the variable cost component (slope) (Round your answer...
The manager of the main laboratory facility at MetroFit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. B (Click the icon to view the data.) Use...
Kim Jungemann owner of Tulip Time, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery tes Jungemann wants to set the delivery fee based on the distance driven to deliver the flowers Jungemann wants to separate the foxed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities 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...
keeps telling me its wrong
The manager of the main laboratory facility at CenterHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. Click the icon to...
Alden Co.'s monthly unit sales and total cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. Month Month Units Sold 320,000 160,000 280,000 200,000 300,000 200,000 Total Cost $160,000 100,000 220,000 100,000 230,000 120,000 Units Sold 340,000 280,000 80,000 160,000 100,000 110,000 Total Cost $220,000 160,000 64,000 140,000 100,000 80,000 Problem 18-2A Part 1 1. Estimate both the variable costs per unit and the total...
The manager of the main laboratory facility at MetroFit Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Use the...
Most questions answered within 3 hours.
-
The blues made its way into many kinds of music. Eric Clapton,
The Beatles, and Elvis...
asked 51 minutes ago -
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 1 hour ago -
1. Which region has taken the lead in the world of
e-waste handling?
a) European Union...
asked 1 hour ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 3 hours ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 3 hours ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 4 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 4 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 5 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 5 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 5 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 5 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 6 hours ago