How can I construct cost formula by using High low method?
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Using the high-low method, construct the cost formula for factory utilities.
Job the Builder is also exploring the possibility of investing in a company, QQ Tiles Pte Ltd. QQ Tiles Pte Ltd has furnished the following records of the total overheads and the number of machine hours over a six-months period in 2020.
4. High-Low Method: Using the information below and the high-low method, estimate the fixed cost and...
4. High-Low Method: Using the information below and the high-low method, estimate the fixed cost and the variable cost of shipping, resulting in the cost formula for shipping expense. Total Shipping Expense $1,800 $2,300 $1,700 $2,000 $2.300 $2,700 $1,200 Units Shipped Month 3 January February March April May June 6 4 5 7 2 July Using the above information, what if 9 units were shipped in August?
Using the high-low method, Company X has determined the variable portion of its cost formula for...
Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is
High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown...
High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown below. Volume (applicable to each group) Group A Costs Group B Costs Group C Costs 2,000 $5,200 $2,000 $4,800 12,000 25,200 12,000 4,800 16,000 33,200 16,000 4,800 20,000 41,200 20,000 4,800 What cost behavior patterns are apparent? Express each as a cost formula: Total cost = Fixed costs + (Variable cost x Volume). Group Fixed costs + (Variable cost x Volume) A Answer +...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,490 570 February 7,000 660 March 7,531 700 April 8,140 May 9,787 620 480 June 8,490 July 13,520 790 August 7,500 440 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month January February March Labor Cost($) Employee Hours 9,490 7,000 7,531 8,140 9,787 8,490 April May June July 13,416 7,500 August Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant In your calculations, round the variable rate per employee hour to the nearest...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,590 550 February 7,100 630 March 7,631 670 April 8,240 500 May 9,887 590 June 8,590 460 July 13,380 760 August 7,600 420 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours 9,390 January 400 February 6,900 470 March 7,431 500 8,040 April 370 May 9,687 430 June 8,390 340 July 11,850 560 August 7,400 310 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,290 310 February 6,800 360 March 7,331 380 April 7,940 290 May 9,587 340 June 8,290 260 July 10,378 ...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,290 510 February 6,800 590 March 7,331 620 April 7,940 470 May 9,587 550 June 8,290 430 July 12,508 700 August 7,300 390 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
4. High-Low Method: Using the information below and the high-low method, estimate the fixed cost and the variable cost of shipping, resulting in the cost formula for shipping expense. Total Shipping Expense $1,800 $2,300 $1,700 $2,000 $2.300 $2,700 $1,200 Units Shipped Month 3 January February March April May June 6 4 5 7 2 July Using the above information, what if 9 units were shipped in August?
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,490 570 February 7,000 660 March 7,531 700 April 8,140 May 9,787 620 480 June 8,490 July 13,520 790 August 7,500 440 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month January February March Labor Cost($) Employee Hours 9,490 7,000 7,531 8,140 9,787 8,490 April May June July 13,416 7,500 August Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant In your calculations, round the variable rate per employee hour to the nearest...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,590 550 February 7,100 630 March 7,631 670 April 8,240 500 May 9,887 590 June 8,590 460 July 13,380 760 August 7,600 420 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours 9,390 January 400 February 6,900 470 March 7,431 500 8,040 April 370 May 9,687 430 June 8,390 340 July 11,850 560 August 7,400 310 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
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