ZuoTi.Pro
Question
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 products for the RCMP. The following data is for the first six months: Direct Labor Hours 45,
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

1) Variable cost per DLH = (305575-158400)/(59600-27700) = 4.6 per MH

Fixed cost = 158400-(27700*4.6) = 30980

Y = 30980+4.60X

2) Total overhead cost

Fixed cost 30980
Variable cost (43000*4.6) 197800
Total Cost 228780
0 0
Add a comment
Know the answer?
Add Answer to:
Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 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)

  • Question 1 Time: 10 minutes Total: 5 marks Dundar Mifflin makes electronic products for the RCMP....

    Question 1 Time: 10 minutes Total: 5 marks 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...

  • Question 1 • Time: 10 minutes • Total: 5 marks Dundar Mifflin makes electronic products for...

    Question 1 • Time: 10 minutes • Total: 5 marks Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 145,000 $295.000 February 59,500 5304.575 March $7,000 $323,000 April 58.000 $320.000 May 27,600 S158,300 June 29.000 S152.500 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 44,000 machine hours, using the separate...

  • 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 +...

  • Question Help Board Games, Inc, makes board games. The following data pertains to the last six...

    Question Help 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 62,000 $320,000 Month 3 57,000 $323,000 Month 4 52,000 $247,250 Month 5 34,000 $178,200 Month 6 27,000 $161,500 Based on this data, what is the linear cost equation? (Round intermediary calculations to the nearest cent.) O A. y = $0.22X + $158,500 OB. y = $4.53X + $39,140 O C. y =...

  • 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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT