The correct option is D i.e (High: March ; Low: February)
Highest level of activity = 12,200 labor hours = March.
Lowest level of activity = 6,130 labor hours = February.
Question 6 (5 points) The following data for 4 months were collected from the factory: Month...
Question 6 (5 points) The following data for 4 months were collected from the factory: Month Utility cost Labor hours January $30,000 8,205 February $25,000 6,130 March $45,500 12,200 April $24,740 6,280 Select the correct set of high and low months. High: March; Low: April High: February; Low March High: April ; Low: January High: March ; Low: February O BE 9
Figure 3-11. The following four months of data were collected on utility cost and the number of labor hours in a factory. Utility Labor Month cost hours January $22,100 3,975 February 24,600 5,430 March 23,500 4,400 April 20,140 3,200 Refer to Figure 3-11. Select the correct set of high and low months.
The method of least squares Select one: a. analyzes a cost relationship by plotting the data points on a graph. is the least accurate method. C. can easily be calculated by hand. uses the results of regression analysis to construct a cost formula. Figure 3-2 Lassiter Toys, Inc. Cost of Materials $20,000 00,000 200,000 300,000 40,000 60,000 Refer to Figure 3-2. The cost behavior of the materials cost is Select one: a. variable b. discretionary C. committed d. fixed Managerial...
Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,390 480 February 6,900 560 March 7,431 590 April 440 May 8,040 9,687 8,390 520 June 410 July 12,560 670 August 7,400 370 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used In your calculations, round the variable rate per employee hour to the nearest cent. If required, ro cent. Required: 1. Using the high-low...
5) Saints Publishers has collected the following date for recent months: Month Issues Published Total Cost March 25,000 21,900.00 April 28,100 22,644.00 May 15,770 18,954.00 June 22,100 21,786.00 Determine: A) Using the high-low method, find the variable cost per unit & total fixed costs, B) what is the estimated cost for a month in which 91,000 issues are published? (If required, round answers to the nearest cent).
The following information is available for a company's cost of sales over the last five months Units sold Month Cost of sales January 570 $28,200 February 730 $33,500 March $45,500 1,250 2,570 April $57,500 Using the high-low method, the estimated total fixed cost is Multiple Choice $19,850 $29,300 $25,172 $79,400 $39,700
MC Qu. 108 The following information is... 0.05 points The following information is available for a company's utility cost for operating its machines over the last four months. ( 8 0105:49 Month January February March April Machine hours 1, e3e 1,930 2,660 Utility cost $5,580 $7,160 $9,4ee $3,610 ebook 730 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice 0 $3,690 o $1,630
The following information is available for Alba Company's maintenance cost over the last four months. Month January February March April Maintenance Maintenance hours cost 150 $6,000 120 $5,100 240 $8,100 210 $6,900 Use the high-low method to estimate both the fixed and variable component of its maintenance cost.
Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 18,400 29,600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit? Round to two decimal places. Your Answer: Question 1 options: Answer Question 2 (1 point) Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150...
The following six months of data were collected on electricity cost and the number of machine hours in a factory. Month Electricity cost Machine hours June $25,160 4,500 July 26,170 4,810 August 27,250 5,120 September 26,680 5,010 October 27,950 5,430 November 27,500 5,190 Refer to Figure 3-13. An independent variable value used in calculating the cost line using the high-low method is: a.$27,950 b.4,000 c.5,430 d.$25,160