Homework Answers
ANSWER:
High low point method is used to separate costs into its fixed and variable components.
Formula: variable cost per machine hour = (highest activity cost - lowest activity cost)/(highest activity machine hours - lowest activity machine hours)
Therefore, variable cost per machine hour = ($88000 - $67000)/(99000 - 63000)
= $21000/36000
= $0.58
Add Answer to:
Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget...
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed...
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed to be linear. This assumption is called: the relevant range' assumption b. the 'linear budgeting' assumption c. the 'variable costing' assumption 2. Which of the following components of factory overhead would most likely be considered a variable cost: straight-line depreciation on factory equipment indirect labor wages paid to the factory maintenance crew c. Indirect materials used in production the cost of factory rent 3....
Master Budget Case: ToyWorks Ltd. ToyWorks Ltd. is a company that manufactures and sells a single...
Master Budget Case: ToyWorks Ltd.
ToyWorks Ltd. is a company that manufactures and sells a single
product, which they call a toodle. For planning and control
purposes they utilize a quarterly master budget, which is
usually developed at least six months in advance of the budget
period. Their fiscal year end is December 31.
During the summer of 2018, Chris Leigh, the ToyWorks controller,
spent considerable time with Pat Frazer, the Manager of Marketing,
putting together a sales forecast for...
Case 27 To Use or Not to Use? Beaufort Sea Production Company (BSPC) operates a medium-sized...
Case 27 To Use or Not to Use?
Beaufort Sea Production Company (BSPC) operates a medium-sized oil
field on Alaska’s north coast. The field is still producing at its
maximum rate, 325,000 barrels of oil per day (BOPD). However, to
sustain this rate the company started a waterflood of the reservoir
two years ago. Now a capacity bottleneck in the water disposal
process is threatening to curtail production. In waterflooding,
salt water from the Beaufort Sea is treated to remove...
Accounting for Business Decisions – Starbucks You are to submit an individual one to two-page report...
Accounting for Business Decisions – Starbucks
You are to submit an individual one to two-page report answering
the following from an accounting perspective, not a
marketing/management perspective:
You are required to:
1. Of all the risks (risks are listed at the bottom) that
Starbuck’s management discloses, which one do you think could most
adversely affect the Balance Sheet and Income Statement at the
store level and why? Demonstrate your understanding by showing an
effect one on at least one of...
A 1. For purposes of budgeting in the short run, the variable cost function is 'assumed to be linear. This assumption is called: the relevant range' assumption b. the 'linear budgeting' assumption c. the 'variable costing' assumption 2. Which of the following components of factory overhead would most likely be considered a variable cost: straight-line depreciation on factory equipment indirect labor wages paid to the factory maintenance crew c. Indirect materials used in production the cost of factory rent 3....
Master Budget Case: ToyWorks Ltd.
ToyWorks Ltd. is a company that manufactures and sells a single
product, which they call a toodle. For planning and control
purposes they utilize a quarterly master budget, which is
usually developed at least six months in advance of the budget
period. Their fiscal year end is December 31.
During the summer of 2018, Chris Leigh, the ToyWorks controller,
spent considerable time with Pat Frazer, the Manager of Marketing,
putting together a sales forecast for...
Case 27 To Use or Not to Use?
Beaufort Sea Production Company (BSPC) operates a medium-sized oil
field on Alaska’s north coast. The field is still producing at its
maximum rate, 325,000 barrels of oil per day (BOPD). However, to
sustain this rate the company started a waterflood of the reservoir
two years ago. Now a capacity bottleneck in the water disposal
process is threatening to curtail production. In waterflooding,
salt water from the Beaufort Sea is treated to remove...
Accounting for Business Decisions – Starbucks
You are to submit an individual one to two-page report answering
the following from an accounting perspective, not a
marketing/management perspective:
You are required to:
1. Of all the risks (risks are listed at the bottom) that
Starbuck’s management discloses, which one do you think could most
adversely affect the Balance Sheet and Income Statement at the
store level and why? Demonstrate your understanding by showing an
effect one on at least one of...
Most questions answered within 3 hours.
-
When the nuclide polonium-214 undergoes alpha
decay:
The name of the product nuclide is .
The...
asked 50 seconds ago -
Q. The market demand function is D(Pd) = 160 - 2Pd and the
market supply function...
asked 5 minutes ago -
An unknown alcohol is analyzed by freezing point depression. The
unknown is either methanol (CH3OH), ethanol...
asked 6 minutes ago -
As a person inhales, air moves down the windpipe (bronchus),
through a constriction where the air...
asked 8 minutes ago -
Youngchang Keyboard sells a $1400 keyboard on a monthly payment
plan over 2 years.
a) If...
asked 15 minutes ago -
For a one step reaction, the activation energy for the
forward reaction is 40.0 kJ mol-1,...
asked 18 minutes ago -
1. A good thesis statement _____ .
is limited but not too narrow
is very broad...
asked 13 minutes ago -
What is the main use of a transistor and what is an Integrated
Circuit?
asked 20 minutes ago -
Intro to Java Programming
Write a method named isDivisible that takes two integers, n
and m,...
asked 19 minutes ago -
Calculate whether loci A&B are in linkage disequilibrium
(D) using the following data. Is the haplotype...
asked 38 minutes ago -
Barrington Box Enterprises has two divisions, large and small,
that share the common costs of the...
asked 42 minutes ago -
An integer number is said to be a perfect number if it is equal
to the...
asked 53 minutes ago