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my professor just wants part A answered Aridge Business Publishers Module 15 Cost Behavior, Activity Analysis,...
Multiple Cost Drivers Scottsdale Ltd. manufactures a variety of high-volume and low volume products to customer demand. Presented is information on 2013 manufacturing overhead and activity cost drivers Level Total Cost Units of Cost Driver $ 500.000 10.000 machine hours 100.000 500 customer orders Product 200.000 25 products Product X1 required 2,000 machine hours to fill 10 customer orders for a total of 8,000 units. (a) Assuming all manufacturing overhead is estimated and predicted on the basis of machine hours,...
Multiple Cost Drivers Scottsdale Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information on 2009 manufacturing overhead and activity cost drivers. Level Total Cost Units of Cost Driver Unit $500,000 20,000 machine hours Batch 200,000 1,000 customer orders Product 200,000 50 products Product X1 required 2,000 machine hours to fill 10 customer orders for a total of 8,000 units. (a) Assuming all manufacturing overhead is estimated and predicted on the basis of machine hours,...
Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order processing costs. Month Sales Orders Order Processing Costs 1 3.000 599 200 2 1500 60.450 3 144 2.800 9020 5 83.730 6 1.200 51.720 2000 75.000 100 Required (a.) Use information from the high- and low-volume months to develop a cost estimating equation for monthly order processing costs. 29.15 16.800 A Ib. Plot the data on...
Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 82,700 1,500 50,375 4,400 120,700 2,800 2,300 1,200 2,000 81,900 69,775 43,100 62,500 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. = $ 14,000 ~ +$ 24.25 ♥ (b.) Plot the data on a scatter diagram. Using...
Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 82,700 1,500 50,375 4,400 120,700 2,800 81,900 2,300 69,775 1,200 43,100 2,000 62,500 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. x + $ (b.) Plot the data on a scatter diagram. Using the information from representative...
Scottsdale Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information on 2009 manufacturing overhead and activity cost drivers. Level Total Cost Units of Cost Driver Unit $400,000 20,000 machine hours Batch 200,000 1,000 customer products Product 200,000 50 products Product X1 required 1,000 machine hours to fill 20 customer orders for a total of 8,000 units. (a) Assuming all manufacturing overhead is estimated and predicted on the basis of machine hours, determine the predicted...
I am just confused about this
last part, the "activity based costing"
Calculate the cost of Job 358 using activity-based costing. Job Cost Record JOB 358 Manufacturing Costs Direct labor Direct materials Engineering costs Maintenance costs Manufacturing overhead allocated Waste disposal costs remaining C ar in the input fields and then click Check Answer. Clear All Total estimated manufacturing costs 1 Estimated total machine hours Plantwide mfg. overhead rate $ 140 1,260,000 9,000 Calculate the cost of Job 358. Job...
60. Smith Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours 4,800 3,400 4,000 5,900 Repair Costs $6,385 4,585 5,285 7,085 Using the high-low method, what is the variable repair cost per machine hour? a) $0.15 b) $1.00 c) $4.00 d) $5.00 Answer: b Difficulty: Easy Learning Objective: Describe cost estimation techniques CPA: Management Accounting/Problem-Solving and Decision-Making Bloomcode: Application 61. Smith Company is attempting to develop the cost function for...
Developing and Using a Predetermined Overhead Rate: High-Low Cost Estimation For years, Mattoon Components Company has used an actual plantwide overhead rate and based its prices on cost plus a markup of 30 percent. Recently the marketing manager, Holly Adams, and the production manager, Sue Walsh, confronted the controller with a common problem. The marketing manager expressed a concern that Mattoon's prices seem to vary widely throughout the year. According to Adams, "It seems irrational to charge higher prices when...
Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Month April May June Miles Mowed Labor and Cleaned Costs 350 $9,600 300 8,800 400 10,400 250 8,000 375 10,000...