Crane Company used high-low data from June and July to determine its variable cost of $10...
Crane Company used high-low data from June and July to determine its variable cost of $10 per unit. Additional information follows: Month Units produced Total costs June 2300 $35000 July 1000 23000 If Crane’s produces 2600 units in August, how much is its total cost expected to be?
$8364
$38000
$36000
$24000
Homework Answers
| Fixed cost | 12000 | =35000-(2300*10) |
| Expected cost for August: | ||
| Variable cost | 26000 | =2600*10 |
| Fixed cost | 12000 | |
| Expected cost for August | 38000 | |
| Option B $38000 is correct |
Add Answer to:
Crane Company used high-low data from June and July to determine
its variable cost of $10...
Current Attempt in Progress Marigold Corp. used high-low data from June and July to determine its...
Current Attempt in Progress Marigold Corp. used high-low data from June and July to determine its variable cost of $15 per unit. Additional information follows: Month Total costs Units produced 1200 700 June July $24000 12000 If Marigold's produces 1500 units in August, how much is its total cost expected to be? O $48000 O $28500 O $36000 $7579
e question Bonita Industries used high-low data from June and July to determine its variable cost...
e question Bonita Industries used high-low data from June and July to determine its variable cost of $11 per unit. Additional information follows: Month Units produced Total costs June $27000 July 700 15000 If Bonita's produces 1800 units in August, how much is its total cost expected non nga naman ako sa com o $8182 $39000 $30300 $27000 Click if you would like to Show Work for this question: Open Show Work
Crane Company’s high and low level of activity last year was 70000 units of product produced...
Crane Company’s high and low level of activity last year was 70000 units of product produced in May and 24000 units produced in November. Machine maintenance costs were $167000 in May and $65800 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 54000 units. $146150 $131800 $128550 $154000
Exercise #3: High / Low Method Using the information below, (a) calculate the variable and fixed-cost...
Exercise #3: High / Low Method Using the information below, (a) calculate the variable and fixed-cost elements using the high-low method, and (b) estimate the total cost if Wu Company produces 8,000 units. March April May June July Units Produced 9,800 8,500 7,000 7,600 8,100 Total Cost $14,740 13,250 11,100 12,000 12,460
QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's...
QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months Units Produced 100 Month June July August September October November December 190 110 140 200 230 Maintenance cost $ 5,250 7.850 5.540 6,41e 8.15 9.02e 3,800 Using the high-low method, estimate both the fixed and variable components of its maintenance cost High Low method - Calculation of variable cost per maintenance hour Total cost at the high...
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
Sheridan Company accumulates the following data concerning a mixed cost, using units produced as the activity...
Sheridan Company accumulates the following data concerning a mixed cost, using units produced as the activity level. March April May June July Units Produced 10,050 8,900 10,500 8,730 9,410 Total Cost $17,285 15,853 17,547 15,423 16,273 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per unit Compute the fixed cost elements using the high-low method. Fixed costs Using the information from your answer to above part, write the...
Mason Company produces short videos used in self-help seminars. Mason Company charges $310 for each video it produc...
Mason Company produces short videos used in self-help seminars. Mason Company charges $310 for each video it produces. The number of videos produced over the last six months along with the total costs of producing these videos is given below: Videos Produced Month June July August September October November Costs Incurred $18,380 17,230 14,100 16,120 15,000 18,900 Mason Company expects to produce 64 videos during December. Using the high-low method, calculate Mason Company's total expected cost for December
Using High-Low to Calculate and cont Calculate the Variable Roster, and Construct a cost functie Piazza...
Using High-Low to Calculate and cont Calculate the Variable Roster, and Construct a cost functie Piazza Vesuvio makes speciaky puzzas. Data for the past 3 months were collected: Month Labor Cost($) Employee Hours Lanuary 9.490 February 7,000 March 7,531 April May 9,787 June 8.490 July 11,820 August 7,500 300 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...
Current Attempt in Progress Marigold Corp. used high-low data from June and July to determine its variable cost of $15 per unit. Additional information follows: Month Total costs Units produced 1200 700 June July $24000 12000 If Marigold's produces 1500 units in August, how much is its total cost expected to be? O $48000 O $28500 O $36000 $7579
e question Bonita Industries used high-low data from June and July to determine its variable cost of $11 per unit. Additional information follows: Month Units produced Total costs June $27000 July 700 15000 If Bonita's produces 1800 units in August, how much is its total cost expected non nga naman ako sa com o $8182 $39000 $30300 $27000 Click if you would like to Show Work for this question: Open Show Work
Exercise #3: High / Low Method Using the information below, (a) calculate the variable and fixed-cost elements using the high-low method, and (b) estimate the total cost if Wu Company produces 8,000 units. March April May June July Units Produced 9,800 8,500 7,000 7,600 8,100 Total Cost $14,740 13,250 11,100 12,000 12,460
QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months Units Produced 100 Month June July August September October November December 190 110 140 200 230 Maintenance cost $ 5,250 7.850 5.540 6,41e 8.15 9.02e 3,800 Using the high-low method, estimate both the fixed and variable components of its maintenance cost High Low method - Calculation of variable cost per maintenance hour Total cost at the high...
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?
Sheridan Company accumulates the following data concerning a mixed cost, using units produced as the activity level. March April May June July Units Produced 10,050 8,900 10,500 8,730 9,410 Total Cost $17,285 15,853 17,547 15,423 16,273 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per unit Compute the fixed cost elements using the high-low method. Fixed costs Using the information from your answer to above part, write the...
Mason Company produces short videos used in self-help seminars. Mason Company charges $310 for each video it produces. The number of videos produced over the last six months along with the total costs of producing these videos is given below: Videos Produced Month June July August September October November Costs Incurred $18,380 17,230 14,100 16,120 15,000 18,900 Mason Company expects to produce 64 videos during December. Using the high-low method, calculate Mason Company's total expected cost for December
Using High-Low to Calculate and cont Calculate the Variable Roster, and Construct a cost functie Piazza Vesuvio makes speciaky puzzas. Data for the past 3 months were collected: Month Labor Cost($) Employee Hours Lanuary 9.490 February 7,000 March 7,531 April May 9,787 June 8.490 July 11,820 August 7,500 300 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...
Most questions answered within 3 hours.
-
Rod figures that it takes an average (mean) of =20 minutes with
a standard deviation of...
asked 21 seconds ago -
You have 5 ul of a pure (undiluted) culture at a concentration
of 3.6 x 106...
asked 5 minutes ago -
______ activity indicates the presence of an electron transport
chain.
1- gelatinase 2- oxidase 3- caseinase...
asked 7 minutes ago -
The molarity of a silver nitrate solution is 0.192 M. How many
grams of silver ions...
asked 20 minutes ago -
Which of the following solutes will produce a greater increase
in boiling point when it is...
asked 16 minutes ago -
true or false: Series connected electrical circuit is a voltage
divider, and voltage of each device...
asked 11 minutes ago -
A 100-W lightbulb has a resistance of about 12 Ω when cold (20
∘C) and 128...
asked 15 minutes ago -
For the asset shown in the following table, use the capital
asset pricing model to find...
asked 16 minutes ago -
If the impulse response of a circuit is a pulse y(t) = u(t) –
u(t-T), T...
asked 23 minutes ago -
Eukaryotic cells have __ which is similar to prokaryotes of
Archaea.
A Ester-linked membrane lipids
B...
asked 32 minutes ago -
true or false. If work is done on a system by it's
surroundings, its value is...
asked 36 minutes ago -
Rene Descartes establishes a dualist approach to the world.
Explain this dualism, and how it connects...
asked 42 minutes ago