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Correct answer is second option. |
Identify the highest and lowest x points (volume) and then take their corresponding y points (cost). |
Correct answer is third option. |
The Slope of the cost behavior line, which is the variable cost per unit. |
Correct answer is third option. |
X. |
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You only have two attempts for this quiz. If you are unsure of the correct answer, feel free to check your notes or open another tab and re-watch the previous videos). You will not be able to see the correct answers until after the due date has passed, 1 point What is the cost equation? type your answer type your answer... type your answer + type your answer 0000 Toint Which numbers are the same no matter how many units...
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....
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MANAGERIAL ACCOUNTING QUESTIONS
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Question 5: Cost structure estimation activity volume month Oct Nov Dec in units 80 75 100 total costs $4,085 $4,250 $5,000 a) Which cost structure estimation method should we use? O account classification method O high-low method b) To identify the low and high points, we should look for O lowest/highest costs O lowest/highest activity c) Estimate the cost structure parameters: total FC unit VC Write down...
Question Help E6-34A (similar to) Meyer Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's totale s cost. The company's cost and machine hour usage data fort first six months of the year follow (Click the loon to view the data) Requirements Using the high-low method, answer the following questions 1. What is the variable its cost per machine hour? 2. What is the red cost of its each month?...
My question is When you are determining the slope of the line using the High low method Can we calculate this off of the High and low of the cost or does it have to be based off of The High and low of the Volume only? please reply me
This is C++ programming.
Create the following files: point.h – contains the definition for the point struct. A point consists of an x and y coordinate line.h – contains the definition and prototypes for the line class. A line consists of two points. Getters and setters are not required. However, you do need: 1. A constructor 2. A slope method, which returns the slope of the line 3. An intersect with method, which calculates, and returns, the point of intersec-...
1. Complete the two activities below. 1. To create the equation of a linear function in standard form, pick two coordinate points to be the x-intercept and y-intercept. o Write the equation in standard form and graph the equation using the intercepts. • Determine the slope and y-intercept of your line. Explain how to graph the line using the slope and y-intercept. • Discuss which method of graphing is easier and why you chose that one. • Is there a...
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Tran Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: E: (Click the icon to view the data.) X - Data Table Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities...
I just need estimated total cost can you tell me how to get it
thank you.
Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its units produced and total costs. Units Produced Units Produced 2,020 2,420 2,820 3,220 3,620 Period 1 2 3 Total Costs $2,520 3,120 3,720 4,320 4,920 Period Total Costs $5,520 6,120 6,720 7,320 8,674 0 6 420 820 1,220 1,620 7 8 4 9 10 5...
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Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store hours that fluctuate from month to month as the tourist trade in the community varies. The utility costs for one of the company's stores are listed below for the past six months. Total Hours Month of Operation January 450 February 600 March 800 April 400 May 350 June 300 Total Utility Cost $2,520 3,100 3,900 2,400 2,050...