Homework Answers
Correct answer-----------(A) $7,800
Working
| Cost | No. of activities | ||
| A | High Level | $ 15,000.00 | 18000 |
| B | Low Level | $ 13,000.00 | 13000 |
| C=A-B | Difference | $ 2,000.00 | 5,000 |
| A | Cost difference | $ 2,000.00 | |
| B | No. of activities difference | 5000 | |
| C=A/B | Variable cost per unit | $ 0.40 | |
| High Level | Low Level | ||
| A | No. of activities | 18000 | 13000 |
| B | Variable cost per unit | $ 0.4000 | $ 0.4000 |
| C=AxB | Total Variable cost | $ 7,200.00 | $ 5,200.00 |
| D | Total cost | $ 15,000.00 | $ 13,000.00 |
| E=D-C | Total fixed cost | $ 7,800.00 | $ 7,800.00 |
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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....
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 $16,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15,000 Using the high-low method, what would the total maintenance costs be if 17,800 machine hours were used? (Round any intermediary calculations to the nearest cent.) O A. $5,320 OB. $28,680 O c. $15,880 OD. $10,680
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 Maintenance cost $13,600 $14,720 $13,000 $14,480 $17,000 $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 total maintenance costs be if 17,500 machine hours were used? (Round any intermediary calculations to the nearest cent.) O A. $16,600 OB. $3,000 OC. $14,000 OD. $32,000 Maintenance costs at Seaside Manufacturing over the...
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 $12,460 $14,480 $15,380 $13,200 Machine hours 15,500 16,900 13,700 16,600 17,400 15,000 Using the high-low method, what would the variable maintenance cost per machine hour be? O A. $0.88 OB. $0.91 OC. $0.79 OD. $1.27
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
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1) During the year, MSU purchased materials costing $40,000 and incurred direct labor cost of $15,000....
1) During the year, MSU purchased materials costing $40,000 and incurred direct labor cost of $15,000. Manufacturing overhead totaled $25,000 for the year. Information on inventories was as follows: Jan 1st Dec 31st Materials $5,000 $6,000 Work in process 1,000 2,000 Finished goods 6,000 4,000 What was the cost of goods sold for the year? . a. $78,000 b. $69,600 c. $79,000 d. $80,000 2) MSU Company reported the following financial information: Direct labor $145,000 Manufacturing overhead Direct materials $300,000...
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...
Duard Games, Inc, makes board games. The following data pertains to the last six months: Month...
Duard Games, Inc, makes board games. The following data pertains to the last six months: Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Direct Labor Hours 45,000 68,000 57.000 52,000 34,000 25,000 Manufacturing Overhead $295,000 $313,000 $323,000 $247,250 $178,200 $161,500 Based on this data, what would the estimated manufacturing overhead be at a level of 48,000 direct labor hours? (Round intermediary calculations to the nearest cent.) O A. $242,600 OB. $164,940 O c. $329,960 OD. Cannot...
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 $16,000 $13,200 Machine hours 15,500 16,900 13,000 16,600 18,000 15,000 Using the high-low method, what would the total maintenance costs be if 17,800 machine hours were used? (Round any intermediary calculations to the nearest cent.) O A. $5,320 OB. $28,680 O c. $15,880 OD. $10,680
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 $13,000 $14,480 $17,000 $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 total maintenance costs be if 17,500 machine hours were used? (Round any intermediary calculations to the nearest cent.) O A. $16,600 OB. $3,000 OC. $14,000 OD. $32,000 Maintenance costs at Seaside Manufacturing over the...
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 $12,460 $14,480 $15,380 $13,200 Machine hours 15,500 16,900 13,700 16,600 17,400 15,000 Using the high-low method, what would the variable maintenance cost per machine hour be? O A. $0.88 OB. $0.91 OC. $0.79 OD. $1.27
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
Schrute Farm Sales buys portable generators for $450 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $6,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Mr. Schrute sold 700 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his operating income? O A. $518,000...
1) During the year, MSU purchased materials costing $40,000 and incurred direct labor cost of $15,000. Manufacturing overhead totaled $25,000 for the year. Information on inventories was as follows: Jan 1st Dec 31st Materials $5,000 $6,000 Work in process 1,000 2,000 Finished goods 6,000 4,000 What was the cost of goods sold for the year? . a. $78,000 b. $69,600 c. $79,000 d. $80,000 2) MSU Company reported the following financial information: Direct labor $145,000 Manufacturing overhead Direct materials $300,000...
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