Homework Answers
ANSWER
VARIABLE COST PER MACHINE HR = HIGH COST @ HIGH MACHINE HRS - LOW COST @ LOW MACHINE HRS
HIGH MACHINE HOURS - LOW MACHINE HOURS
= $5590 - $2710 / 750 HOURS - 350 HOURS
= $7.200 PER MACHINE HOUR
TOTAL FIXED COST
TOTAL COST = VARIABLE COST + FOXED COST
$5,590 = $7.200 * 750 HOURS + FIXED COST
FIXED COST = $5,590 - $5,400
= $190
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Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Machine Hours Month $2,730 January 350 February 3,030 400 March 3,630 550 April 4,530 540 May 3,230 550 June 5,690 750 Detemine the variable cost components using the high-low method....
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use...
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Total Month Costs Machine Hours January $2,760 330 February 3,060 380 March 3,660 530 April 4,560 660 May 3,260 530 June 5,700 730 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal pla e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Your answer is incorrect. Try again. Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour 0.55 LINK TO...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,850
350
March
3,450
500
April
4,350
690
May
3,050
500
June
5,460
700
Determine the variable cost components using the high-low
method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Month Maintenance costs Janpary February March April May June $3,123 3,549 4,259 5,323 3,786 5,465 Total Machine Hours 4,140 4,732 7,098 9,346 5,915 9,464 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places .g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
Determine the variable cost components using the high-low method.
(Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Month January February March April May June $2,643 3,003 3,604 4,505 3,203 4,625 Total Machine Hours 3,504 4,004 6,006 7,908 5,005 8,008 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use...
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Machine Hours Month January February March Total Maintenance Costs $2,860 3,160 3,760 4,660 3,360 5,620 300 350 500 April 690 May 500 June 700 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hours Determine the fixed cost components using the high-low...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Machine Hours Month $2,730 January 350 February 3,030 400 March 3,630 550 April 4,530 540 May 3,230 550 June 5,690 750 Detemine the variable cost components using the high-low method....
Exercise 19-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Total Month Costs Machine Hours January $2,760 330 February 3,060 380 March 3,660 530 April 4,560 660 May 3,260 530 June 5,700 730 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: APPLIED...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal pla e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month January February March April May June Total Maintenance Costs $3,173 3,606 4,327 5,409 3,846 5,553 Total Machine Hours 4,207 4,808 7,212 9,496 6,010 9,616 Your answer is incorrect. Try again. Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour 0.55 LINK TO...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,850
350
March
3,450
500
April
4,350
690
May
3,050
500
June
5,460
700
Determine the variable cost components using the high-low
method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Month Maintenance costs Janpary February March April May June $3,123 3,549 4,259 5,323 3,786 5,465 Total Machine Hours 4,140 4,732 7,098 9,346 5,915 9,464 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places .g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
Determine the variable cost components using the high-low method.
(Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT...
Exercise 19-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Month January February March April May June $2,643 3,003 3,604 4,505 3,203 4,625 Total Machine Hours 3,504 4,004 6,006 7,908 5,005 8,008 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE...
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Machine Hours Month January February March Total Maintenance Costs $2,860 3,160 3,760 4,660 3,360 5,620 300 350 500 April 690 May 500 June 700 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hours Determine the fixed cost components using the high-low...
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