Homework Answers
b. $1.92
Variable cost per unit = ($4,000 - $1,700) / (2,200 - 1,000)
Variable cost per unit = $1.92 per unit
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CHAPTER THREE 7. The following information is available for electricity costs for the last six months...
The following information is available for electricity costs for the last six months of the year:...
The following information is available for electricity costs for the last six months of the year: Month Production Volume Electricity Costs January 1.400 $2,200 February 2,800 5,400 March 3,200 5,700 April 1,750 3,900 May 1.200 2.400 June 2.100 4,050 What are the fixed costs? $420 5200 $100
The following information is available for electricity costs for the last six months of the year:...
The following information is available for electricity costs for the last six months of the year: Month Production Volume Electricity Costs January 1.400 $2,200 February 2,800 5,400 March 3,200 5,700 April 1,750 3,900 May 1.200 2.400 June 2.100 4,050 What are the fixed costs? $420 5200 $100
Machine hours and electricity costs for Wells Industries for last year were as follows: Machine Electricity...
Machine hours and electricity costs for Wells Industries for last year were as follows: Machine Electricity Month Hours Costs January 2,000 $ 9,200 February 2,320 10,500 March 1,520 6,750 April 2,480 11,500 May 3,040 14,125 June 2,640 11,000 July 3,280 12,375 August 2,800 11,375 September 1,600 7,750 October 2,960 13,000 November 3,760 15,500 December 3,360 13,875 Required: Show your Calculations! A. Using the high-low method, develop an estimate of variable electricity costs per machine hour. B. Using the high-low method,...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
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 January February March April May June July August September October November December Machine Hours 2,200 2,600 1,600 2,800 3,500 3,000 3,800 3,200 1,700 3,400 4,400 3,900 Electricity Costs $ 19,050 $22,300 $14,150 $24,300 $28,900 $23,300 $25,400 $23,400 $ 16,800 $27,300 $32,300 $28,400 Summary Output Regression Statistics...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
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 January February March April May June July August September October November December Machine Hours 2,300 2,700 1,700 2,900 3,600 3,100 3,900 3,300 1,800 3,500 4,500 4,000 Electricity Costs $19, 100 $22,400 $14,200 $24,400 $28,950 $23,400 $25,450 $23,450 $ 16,900 $27,400 $32,400 $28,450 Summary Output Regression Statistics...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
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...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
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 January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
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 January February March April May June July August September October November December Machine Hours 2,600 3,000 2,000 3,200 3,900 3,400 4,200 3,600 2,100 3,800 4,800 4,300 Electricity Costs $19, 250 $22,700 $14,350 $24,700 $29,100 $23,700 $25,600 $23,600 $17,200 $27,700 $32,700 $28,600 Summary Output Regression Statistics Multiple...
Thomas Train has collected the following information over the last six months. Month Units produced Total...
Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 18,400 29,600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit? Round to two decimal places. Your Answer: Question 1 options: Answer Question 2 (1 point) Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150...
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
The following information is available for electricity costs for the last six months of the year: Month Production Volume Electricity Costs January 1.400 $2,200 February 2,800 5,400 March 3,200 5,700 April 1,750 3,900 May 1.200 2.400 June 2.100 4,050 What are the fixed costs? $420 5200 $100
The following information is available for electricity costs for the last six months of the year: Month Production Volume Electricity Costs January 1.400 $2,200 February 2,800 5,400 March 3,200 5,700 April 1,750 3,900 May 1.200 2.400 June 2.100 4,050 What are the fixed costs? $420 5200 $100
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 January February March April May June July August September October November December Machine Hours 2,200 2,600 1,600 2,800 3,500 3,000 3,800 3,200 1,700 3,400 4,400 3,900 Electricity Costs $ 19,050 $22,300 $14,150 $24,300 $28,900 $23,300 $25,400 $23,400 $ 16,800 $27,300 $32,300 $28,400 Summary Output Regression Statistics...
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 January February March April May June July August September October November December Machine Hours 2,300 2,700 1,700 2,900 3,600 3,100 3,900 3,300 1,800 3,500 4,500 4,000 Electricity Costs $19, 100 $22,400 $14,200 $24,400 $28,950 $23,400 $25,450 $23,450 $ 16,900 $27,400 $32,400 $28,450 Summary Output Regression Statistics...
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 January February March April May June July August September October November December Machine Hours 2,500 2,900 1,900 3,100 3,800 3,300 4,100 3,500 2,000 3,700 4,700 4,200 Electricity Costs $ 18,400 $ 21,000 $ 13,500 $ 23,000 $ 28,250 $ 22,000 $ 24,750 $ 22,750 $ 15,500...
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 January February March April May June July August September October November December Machine Hours 2,600 3,000 2,000 3,200 3,900 3,400 4,200 3,600 2,100 3,800 4,800 4,300 Electricity Costs $19, 250 $22,700 $14,350 $24,700 $29,100 $23,700 $25,600 $23,600 $17,200 $27,700 $32,700 $28,600 Summary Output Regression Statistics Multiple...
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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