Homework Answers
Estimated total cost if 1200 units are produced
= 500 + (0.50*1200)
= 500 + 600
= 1,100
Option A
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Flower Co. has provided you with the following information for utility costs for the past 5...
Use the following information for both Question 11 and 12. Rockette, Corp.'s utility costs are listed...
Use the following information for both Question 11 and 12. Rockette, Corp.'s utility costs are listed below: Units Utility Cost January 602 $8,334 February 565 $7,792 March 628 $8,074 April 650 $8,169 May $8,823 June 560 $7,500 July 647 $8,953 August 778 $9,366 September 800 $9,900 October 684 $8,710 November 661 $8,851 December $7,791 709 579 Management believes that utility cost is a mixed cost (part variable and part fixed). Using the high-low method, answer the following two questions. 11....
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Question 12 (10 points) A project for building a wall has following activity times. The critical...
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Munoz Company’s cost and production data for two recent months included the following: Separately calculate the...
Munoz Company’s cost and production data for two recent months
included the following:
Separately calculate the rental cost per unit and the utilities
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Identify which cost is variable and which is fixed.
Production (units) Rent Utilities March 900 $2,400 $ 500 April 1,100 $2,400 $ 611 umu piu' March April Rent cost per unit Utility cost per unit Rent cost Utility cost
Apex Industries accumulates the following data concerning a mixed cost, using units produced as the activity...
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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...
Some of the information found on a detail inventory card for Tamarisk Inc. for the first...
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Jilly Boel Co. produces pillows. In the first half of 2020, it had the following overhead...
Jilly Boel Co. produces pillows. In the first half of 2020, it had the following overhead costs. January February March April May June Units Produced 5,200 7,000 6,000 4,000 5,500 6,200 Total Overhead Cost 50,000 57,000 55,000 51,000 49,300 54,000 Use the high-low method to estimate the cost function for Jilly Boel's overhead costs. What is the estimated fixed overhead costs per month for Jilly Boel Co.? A. $43,000 B.$36,750 C.$32,000 D. $21,067
Use the following information for both Question 11 and 12. Rockette, Corp.'s utility costs are listed below: Units Utility Cost January 602 $8,334 February 565 $7,792 March 628 $8,074 April 650 $8,169 May $8,823 June 560 $7,500 July 647 $8,953 August 778 $9,366 September 800 $9,900 October 684 $8,710 November 661 $8,851 December $7,791 709 579 Management believes that utility cost is a mixed cost (part variable and part fixed). Using the high-low method, answer the following two questions. 11....
The Wi total utility costs for the past 6 months ildcat Company has provided the following data on machine the following data on machine-hours wo Month Machine-Hours Total Urility Costs $ 2,522,400 $ 2,188,800 $3,345,500 S1,236,000 $2,865,600 $2,664,300 35,000 30,000 38,000 41,000 42,000 40,000 5 6 Estimatetheiunction for the monthly data using high-low method. (25 points) mate the total variable cost, total fixed cost, and total cost at 36,000 machine- hours. (25 points) Plot the relationship between machine-hours and uti...
Question 12 (10 points) A project for building a wall has following activity times. The critical path of the project is A-C-D-F-H. Activity Normal Time (months) Crash Time (months) Normal Cost (S mil.) 1,000 800 600 1,500 1,300 900 900 500 Crash Cost (S mil.) 1,200 2,000 900 2,000 1,400 1,200 900 900 a. What is the total project cost? (3 points) b. If the project must be completed 1 month early, which activity should be crashed to keep costs...
Munoz Company’s cost and production data for two recent months
included the following:
Separately calculate the rental cost per unit and the utilities
cost per unit for both March and April.
Identify which cost is variable and which is fixed.
Production (units) Rent Utilities March 900 $2,400 $ 500 April 1,100 $2,400 $ 611 umu piu' March April Rent cost per unit Utility cost per unit Rent cost Utility cost
Apex Industries accumulates the following data concerning a mixed cost, using units produced as the activity level. January February March April |May Units Produced 2,000 3,500 4,3001 5,000 3,000 Total Cost $3,000 4,900 6,100 6,300 4,200 Using the high-low method, the variable cost per unit is A $1.65, while total fixed costs are $1,950. B $0.95, while total fixed costs are $1,100. © $1.10, while total fixed costs are $800. D $1.20, while total fixed costs are $600.
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...
Jilly Boel Co. produces pillows. In the first half of 2020, it had the following overhead costs. January February March April May June Units Produced 5,200 7,000 6,000 4,000 5,500 6,200 Total Overhead Cost 50,000 57,000 55,000 51,000 49,300 54,000 Use the high-low method to estimate the cost function for Jilly Boel's overhead costs. What is the estimated fixed overhead costs per month for Jilly Boel Co.? A. $43,000 B.$36,750 C.$32,000 D. $21,067
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