Homework Answers
| Direct labor hours | Manufacturing overhead | |
| High level | 62000 | 320000 |
| Low level | 27000 | 161500 |
| Difference | 35000 | 158500 |
| Variable cost per hour | 4.53 | =158500/35000 |
| Fixed cost | 39140 | =320000-(62000*4.53) |
| y = $4.53X + $39,140 | ||
| Option B is correct |
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Question Help Board Games, Inc, makes board games. The following data pertains to the last six...
Board Games, Inc. makes board games. The following data pertains to the last six months: Direct...
Board Games, Inc. makes board games. The following data pertains to the last six months: Direct Labor Hours Manufacturing Overhead Month 1 45,000 $295,000 Month 2 68,000 $315,000 Month 3 57,000 $323,000 Month 4 52,000 $247,250 Month 5 34,000 $178,200 Month 6 29,000 $160,500 Based on this data, what is the linear cost equation? (Round intermediary calculations to the nearest cent.) O A. y = $3.96X + $45,720 OB. y = $0.25X + $154,500 O c. y = $4.64X +...
Board? Games, Inc. makes board games. The following data pertains to the last six? months: Direct...
Board? Games, Inc. makes board games. The following data pertains to the last six? months: Direct Labor Hours Manufacturing Overhead Month 1 ?45,000 ?$295,000 Month 2 67 comma 000 $ 317 comma 000 Month 3 ?57,000 ?$323,000 Month 4 ?52,000 ?$247,250 Month 5 ?34,000 ?$178,200 Month 6 25 comma 000 $ 165 comma 500 Based on this? data, what is the linear cost? equation? (Round intermediary calculations to the nearest? cent.) A. y? = $ 5.18X ?+ $ 34 comma...
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...
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six...
Dundar Mifflin makes electronic products for the RCMP. The
following data is for the first six months:
Direct Labor Hours Manufacturing Overhead
January 45,000 $295,000
February 59,600 $305,575
March 57,000 $323,000
April 58,000 $320,000
May 27,700 $158,400
June 29,000 $152,500
Required:
1. Use the high-low method to estimate the cost formula (3
marks)
2. Estimate the total overhead cost at an activity level of
43,000 machine hours, using the separate estimates you obtained for
its components.
Bundar Mifflin makes electronic...
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six...
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000 February 59,600 $305,575 March 57,000 $323,000 April 58,000 $320,000 May 27,700 $158,400 June 29,000 $152,500 Required: Use the high-low method to estimate the cost formula (3 marks) Estimate the total overhead cost at an activity level of 43,000 machine hours, using the separate estimates you obtained for its components. (2 marks)
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six...
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000 February 59,900 $307,575 March 57,000 $323,000 April 58,000 $320,000 May 27,800 $158,600 June 29,000 $152,500 Required: Use the high-low method to estimate the cost formula (3 marks) Estimate the total overhead cost at an activity level of 432000 machine hours, using the separate estimates you obtained for its components. (2 marks)
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six...
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000 February 59,900 $307,575 March 57,000 $323,000 April 58,000 $320,000 May 27,800 $158,600 June 29,000 $152,500 Required: Use the high-low method to estimate the cost formula (3 marks) Estimate the total overhead cost at an activity level of 41,000 machine hours, using the separate estimates you obtained for its components. (2 marks)
Board Games, Inc. makes board games. The following data pertains to the last six months: Direct Labor Hours Manufacturing Overhead Month 1 45,000 $295,000 Month 2 68,000 $315,000 Month 3 57,000 $323,000 Month 4 52,000 $247,250 Month 5 34,000 $178,200 Month 6 29,000 $160,500 Based on this data, what is the linear cost equation? (Round intermediary calculations to the nearest cent.) O A. y = $3.96X + $45,720 OB. y = $0.25X + $154,500 O c. y = $4.64X +...
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...
Dundar Mifflin makes electronic products for the RCMP. The
following data is for the first six months:
Direct Labor Hours Manufacturing Overhead
January 45,000 $295,000
February 59,600 $305,575
March 57,000 $323,000
April 58,000 $320,000
May 27,700 $158,400
June 29,000 $152,500
Required:
1. Use the high-low method to estimate the cost formula (3
marks)
2. Estimate the total overhead cost at an activity level of
43,000 machine hours, using the separate estimates you obtained for
its components.
Bundar Mifflin makes electronic...
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