Homework Answers
since the high low method is a mathematical approach which helps to determine the variable cost and fixed cost or it is helpful to convert mixed cost into variable and fixed costs by using the highest level of activity and lowest level of activity and their corresponding costs .
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Donner Company would like to estimate the variable and fixed components of its maintenance costs and...
What would the monthly fixed maintenance cost be? Maintenance costs at Seaside Manufacturing over the past...
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
The following information is available for Alba Company's maintenance cost over the last four months. Month...
The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 210 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
The following information is available for a company’s maintenance cost over the last seven months. Month...
The following information is available for a company’s maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 110 $ 5,320 July 170 7,300 August 130 5,980 September 160 6,970 October 220 8,950 November 250 9,940 December 70 4,000 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
1. (10 Points) The following information is available for Alba Company's maintenance cost over the last...
1. (10 Points) The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
Maddleson Inc. want to estimate the maintenance cost, which is measured against machine hours, for the...
Maddleson Inc. want to estimate the maintenance cost, which is measured against machine hours, for the next period budget. The following data has been provided for the first six months of the current year: Month Machine-hours Maintenance Cost January 2,550 $1,275 February 2,300 1,200 March 2,100 1,100 April 2,600 May 1,300 2,350 June 1,225 2,450 Required: 1,250 a. Using the high and low points method, compute the variable cost rate and the fixed cost for maintenance cost. b. How much...
Required 1 Required 2. Use the high-low method to estimate total fixed cost and variable cost...
Required 1 Required 2. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled < Required 1 Required 2 > Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled...
Denver Manufacturing Denver Manufacturing would like to do a better job budgeting for maintenance costs and, conseq...
Denver Manufacturing Denver Manufacturing would like to do a better job budgeting for maintenance costs and, consequently, they have prepared a schedule showing maintenance costs and units produced for the past five months as follows: 1 January February March April May Number of units produced 5 ,400 6.600 4.900 5,600 6.000 Total maintenance costs $4,800 5,180 4,500 4,900 5,490 Refer to the Denver Manufacturing information above. Using the high/low method, what is the cost equation to predict total maintenance costs?...
Fol variable and fixed costs!) w Method of cost analysis estimate a cost formula for maintenance...
Fol variable and fixed costs!) w Method of cost analysis estimate a cost formula for maintenance What total factory overhead costs would you expect the company to incur an operating level of 70,00 D Labour-hours? cur at an operating level of 70,000 direct PROBLEM 6-7 Applying the Hic ving the High-Low Method and Predicting Cost (LO2-CC9] Company's total overhead costs at various levels of activity follow: CHECK FIGURE (2) $9,000 per month plus $1.60 per machine-hour Month Machine Hours Total...
Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table....
Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table. Month January February March April May June Maintenance cost $13,600 $14,720 $13,000 $14,480 $15,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15,000 Using the high-low method, what would the monthly fixed maintenance cost be? (Round any intermediary calculations to the nearest cent.) O A. $7,800 OB. $7,200 O C. $28,000 OD. $2,000
What is Dugan's variable cost component for maintenance costs? $ _____ per machine hour b) What is Dugan's fixed cost component for maintenance costs? $ c) What are the total expected maintenance cost when the activity level is 450 machine hours? $
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...
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
The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 210 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
1. (10 Points) The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
Maddleson Inc. want to estimate the maintenance cost, which is measured against machine hours, for the next period budget. The following data has been provided for the first six months of the current year: Month Machine-hours Maintenance Cost January 2,550 $1,275 February 2,300 1,200 March 2,100 1,100 April 2,600 May 1,300 2,350 June 1,225 2,450 Required: 1,250 a. Using the high and low points method, compute the variable cost rate and the fixed cost for maintenance cost. b. How much...
Required 1 Required 2. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. (Round your Variable cost per unit to 2 decimal places.) Fixed Cost Variable Cost per cavity filled < Required 1 Required 2 > Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April May June July August September Number of Cavities Filled...
Denver Manufacturing Denver Manufacturing would like to do a better job budgeting for maintenance costs and, consequently, they have prepared a schedule showing maintenance costs and units produced for the past five months as follows: 1 January February March April May Number of units produced 5 ,400 6.600 4.900 5,600 6.000 Total maintenance costs $4,800 5,180 4,500 4,900 5,490 Refer to the Denver Manufacturing information above. Using the high/low method, what is the cost equation to predict total maintenance costs?...
Fol variable and fixed costs!) w Method of cost analysis estimate a cost formula for maintenance What total factory overhead costs would you expect the company to incur an operating level of 70,00 D Labour-hours? cur at an operating level of 70,000 direct PROBLEM 6-7 Applying the Hic ving the High-Low Method and Predicting Cost (LO2-CC9] Company's total overhead costs at various levels of activity follow: CHECK FIGURE (2) $9,000 per month plus $1.60 per machine-hour Month Machine Hours Total...
Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table. Month January February March April May June Maintenance cost $13,600 $14,720 $13,000 $14,480 $15,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15,000 Using the high-low method, what would the monthly fixed maintenance cost be? (Round any intermediary calculations to the nearest cent.) O A. $7,800 OB. $7,200 O C. $28,000 OD. $2,000
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