Homework Answers
Question 1
Correct answer--------------$14,955
Working
| Fixed utility cost | $ 2,400 |
| Variable utility cost | $ 12,555 |
| Total utility cost | $ 14,955 |
Question 2
Correct answer--------------$78,960
Working
| Fixed utility cost | $ 1,200 |
| Variable utility cost ($8.10 x 9600) | $ 77,760 |
| Total utility cost | $ 78,960 |
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Botana Company constructed the following formula for monthly utility cost. Total utility cost = $2,400+ ($16.20...
If production volume increases from 10,000 to 12,500 units, total costs will increase by 20%. Ο...
If production volume increases from 10,000 to 12,500 units, total costs will increase by 20%. Ο Ο Ο Ο total costs will increase by 25%. total variable costs will increase by 25%. mixed and variable costs will increase by 25%. QUESTION 28 Botana Company constructed the following formula for monthly utility cost. Total utility cost = $2,400 + ($16.20 x labor hours) Assume that 775 labor hours are budgeted for the month of April. Calculate the total variable utility cost...
1. Botana Company constructed the following formula for monthly utility cost. Total utility cost = $1,200...
1. Botana Company constructed the following formula for monthly utility cost. Total utility cost = $1,200 + ($8.10 × labor hours) Assume that 775 labor hours are budgeted for the month of April. Calculate the total variable utility cost for the month of April. Group of answer choices a. $1,200.00 b. $6,277.50 c. $7,477.50 d. $5,077.50 . 2. Marigold Company makes furniture. The company controller wanted to calculate the fixed and variable costs associated with electricity use in the factory. Data...
Calculator Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza...
Calculator Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,800 370 February $9,699 560 March $7,940 640 April $9,587 620 May $8,290 490 June $7,331 360 July $9,290 580 August $7.250 320 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost - $6559 + ($2.16 x...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,300 350 February $10,199 540 March $8,440 630 April $10,087 600 May $8,790 470 June $7,831 340 July $9,790 560 August $7,750 300 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7123 + ($2.09 x Employee...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 430 February $9,899 620 March $8,140 700 April $9,787 680 May $8,490 550 June $7,531 420 July $9,490 640 August $7,450 380 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6629+ ($2.16 x Employee Hours)...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 360 February 8,140 550 March 9,899 630 April 9,787 610 May 8,490 480 June 7,450 350 July 9,490 570 August 7,531 310 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor...
Using High-Low to Calculate Predicted Total Variable Cost and Total cost for a Time Period that...
Using High-Low to Calculate Predicted Total Variable Cost and Total cost for a Time Period that differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 380 February 9,799 March 8,040 April 9,687 May 8,390 June July 7,431 9,390 7,350 590 August 330 Assume that this information was used to construct the following formula for monthly to cost Total Labor Cost - $6,637 +(12.16 X...
Creating and using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big...
Creating and using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,000 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 10,000 ounces of materials to manufacture 5,000 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company mcurs $22,500 of variable manufacturing overhead resources to...
Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for compu...
Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $14,200 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 18,750 ounces of materials to manufacture 7,500 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company incurs $30,000 of variable manufacturing overhead resources to...
Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big...
Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,400 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 10,200 ounces of materials to manufacture 5,100 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company incurs $30,600 of variable manufacturing overhead resources to...
If production volume increases from 10,000 to 12,500 units, total costs will increase by 20%. Ο Ο Ο Ο total costs will increase by 25%. total variable costs will increase by 25%. mixed and variable costs will increase by 25%. QUESTION 28 Botana Company constructed the following formula for monthly utility cost. Total utility cost = $2,400 + ($16.20 x labor hours) Assume that 775 labor hours are budgeted for the month of April. Calculate the total variable utility cost...
Calculator Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,800 370 February $9,699 560 March $7,940 640 April $9,587 620 May $8,290 490 June $7,331 360 July $9,290 580 August $7.250 320 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost - $6559 + ($2.16 x...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,300 350 February $10,199 540 March $8,440 630 April $10,087 600 May $8,790 470 June $7,831 340 July $9,790 560 August $7,750 300 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $7123 + ($2.09 x Employee...
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $7,000 430 February $9,899 620 March $8,140 700 April $9,787 680 May $8,490 550 June $7,531 420 July $9,490 640 August $7,450 380 Assume that this information was used to construct the following formula for monthly labor cost. Total Labor Cost = $6629+ ($2.16 x Employee Hours)...
Using High-Low to Calculate Predicted Total Variable Cost and Total cost for a Time Period that differs from the Data Period Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost Employee Hours January $6,900 380 February 9,799 March 8,040 April 9,687 May 8,390 June July 7,431 9,390 7,350 590 August 330 Assume that this information was used to construct the following formula for monthly to cost Total Labor Cost - $6,637 +(12.16 X...
Creating and using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,000 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 10,000 ounces of materials to manufacture 5,000 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company mcurs $22,500 of variable manufacturing overhead resources to...
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