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Chapter 19 Problem 1: Moresan Co. gathered the following information on power costs and factory machine...
Exercise 171 Moresan Co. gathered the following Information on power costs and factory machine usage for...
Exercise 171 Moresan Co. gathered the following Information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs per...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. (a) What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for...
Question 2
Moresan Co. gathered the following information on power costs and
factory machine usage for the last six months:
Month
Power Cost
Factory Machine Hours
January
$24,400
13,900
February
30,400
17,600
March
29,000
16,800
April
22,340
13,200
May
19,900
11,600
June
16,900
8,600
Using the high-low method of analyzing costs, answer the following
questions.
What is the estimated variable portion of power costs per
factory machine hour? (Round answer to 2 decimal
places, e.g. 15.25.)
Variable power costs
$...
10) XYZ Company provided you with the following cost information. Month January February March April May...
10) XYZ Company provided you with the following cost information. Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Answer the following questions and show computations to support your answers by using the high-low method of analyzing costs.. (a) Calculate the estimated variable portion of power costs per factory machine hour? 1.5 cost per unit (b) Calculate the estimated fixed power cost each month?...
Herbert Company gathered the following information on its mixed power costs and factory machine usage for...
Herbert Company gathered the following information on its mixed power costs and factory machine usage for the last four months: Month Power Costs Factory Machine Hours January $ 24,400 13,900 February $ 30,000 17,000 March $29,000 16,800 April $ 14,000 7,000 If it is estimated that 10,000 factory machine hours will be used in the month of May, what is the expected total power costs for May? $18,800 $15,875 O $18,586 None of the above
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a ne...
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a new product going on the market next year. The following data are projections for production and sales: Variable costs $125000 Fixed costs $450000 ROI Investment $2000000 Sales 100000 units 14% What is the target selling price per unit? $8.55 $7.30 $4.05 $5.75 Question Attem: Study 1 Privacy Policy. I 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc....
Fromme's Frocks has the following machine hours and production costs for the last six months of...
Fromme's Frocks has the following machine hours and production costs for the last six months of last year: Month July August September October November December Machine Production Hours Cost 16,900 $12, 170 15,400 12,700 13,400 9,650 17,400 12,270 16,700 11,787 14,000 9,979 If Fromme expects to incur 12,500 machine hours in January, what will be the estimated total production cost using the high-low method? If Fromme expects to incur 12,500 machine hours in January, what will be the estimated total...
fromme’ Fromme's Frocks has the following machine hours and production costs for the last six months...
fromme’
Fromme's Frocks has the following machine hours and production costs for the last six months of last year: Production Cost Month July August September October November December Machine Hours 15,400 13,900 11,900 15,900 15,200 12,500 12,095 11,200 9,620 12,120 11,712 9,934 If Fromme expects to incur 11,000 machine hours in January, what will be the estimated total production cost using the high-low method? O $6,875.00 $9,057.50 $18,995.00 O $8,384.91.
Chapter 19 facturer of art and craft items: 1. The following information is available for the...
Chapter 19 facturer of art and craft items: 1. The following information is available for the first month of operations of Url Inca manufacturer of art and a Sales $1,231,000 Gross profit 332.400 Indirect labor 110,800 Indirect materials 45,500 Other factory overhead 20 900 Materials purchased 627,800 Total manufacturing costs for the period 1,359,000 Materials inventory, end of period 45,500 Factory overhead was applied during the year. Using the above information, determine the following missing amounts: a. Cost of goods...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising costs 4,594 Factory maintenance 5,023 Direct labor 5,972 Direct materials 4,514 Sales salaries 5,023 Factory utilities 5,153 Research & Development 5,599 Material handling 4,174 What was total overhead in 2017? 2) X Company had the following inventory account balances in 2017: Account January 1 December 31 Materials $14,524 $16,900 Work in Process 14,622 21,768 Finished Goods 14,594 14,594 The following additional information for the...
Exercise 171 Moresan Co. gathered the following Information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs per...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. (a) What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs...
Question 2
Moresan Co. gathered the following information on power costs and
factory machine usage for the last six months:
Month
Power Cost
Factory Machine Hours
January
$24,400
13,900
February
30,400
17,600
March
29,000
16,800
April
22,340
13,200
May
19,900
11,600
June
16,900
8,600
Using the high-low method of analyzing costs, answer the following
questions.
What is the estimated variable portion of power costs per
factory machine hour? (Round answer to 2 decimal
places, e.g. 15.25.)
Variable power costs
$...
10) XYZ Company provided you with the following cost information. Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Instructions Answer the following questions and show computations to support your answers by using the high-low method of analyzing costs.. (a) Calculate the estimated variable portion of power costs per factory machine hour? 1.5 cost per unit (b) Calculate the estimated fixed power cost each month?...
Herbert Company gathered the following information on its mixed power costs and factory machine usage for the last four months: Month Power Costs Factory Machine Hours January $ 24,400 13,900 February $ 30,000 17,000 March $29,000 16,800 April $ 14,000 7,000 If it is estimated that 10,000 factory machine hours will be used in the month of May, what is the expected total power costs for May? $18,800 $15,875 O $18,586 None of the above
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a new product going on the market next year. The following data are projections for production and sales: Variable costs $125000 Fixed costs $450000 ROI Investment $2000000 Sales 100000 units 14% What is the target selling price per unit? $8.55 $7.30 $4.05 $5.75 Question Attem: Study 1 Privacy Policy. I 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc....
Fromme's Frocks has the following machine hours and production costs for the last six months of last year: Month July August September October November December Machine Production Hours Cost 16,900 $12, 170 15,400 12,700 13,400 9,650 17,400 12,270 16,700 11,787 14,000 9,979 If Fromme expects to incur 12,500 machine hours in January, what will be the estimated total production cost using the high-low method? If Fromme expects to incur 12,500 machine hours in January, what will be the estimated total...
fromme’
Fromme's Frocks has the following machine hours and production costs for the last six months of last year: Production Cost Month July August September October November December Machine Hours 15,400 13,900 11,900 15,900 15,200 12,500 12,095 11,200 9,620 12,120 11,712 9,934 If Fromme expects to incur 11,000 machine hours in January, what will be the estimated total production cost using the high-low method? O $6,875.00 $9,057.50 $18,995.00 O $8,384.91.
Chapter 19 facturer of art and craft items: 1. The following information is available for the first month of operations of Url Inca manufacturer of art and a Sales $1,231,000 Gross profit 332.400 Indirect labor 110,800 Indirect materials 45,500 Other factory overhead 20 900 Materials purchased 627,800 Total manufacturing costs for the period 1,359,000 Materials inventory, end of period 45,500 Factory overhead was applied during the year. Using the above information, determine the following missing amounts: a. Cost of goods...
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