Homework Answers
Note: As per HOMEWORKLIB POLICY, only one question is allowed to answer at a time, so here first question is being answered :
OPTION D: $120000
EXPLANATION:
Under high-low point method,
Variable cost per unit = (highest activity cost - lowest activity cost)/(highest activity units - lowest activity units)
= ($156000 - $60000)/(60000 - 20000)
= $2.4 per unit
And,
total fixed cost = $156000 - (60000 x $2.4)
= $12000
Therefore,
for production of 45000 units
total maintenance costs = (45000 x $2.4) + $12000
= $120000
Add Answer to:
Gribble Company's high and low level of activity last year was 60,000 units of product produced in May and 20,00...
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units...
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units) $600,000 Variable costs 420,000 Contribution margin 180,000 Fixed costs 110,000 Net income $ 70.000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 % of sales. 3. Reduce fixed costs by $10,000. Instructions If maximizing net income is the...
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
Multiple Choice Question 67 Sunland Company’s high and low level of activity last year was 51000...
Multiple Choice Question 67
Sunland Company’s high and low level of activity last year was
51000 units of product produced in May and 12000 units produced in
November. Machine maintenance costs were $161800 in May and $52600
in November. Using the high-low method, determine an estimate of
total maintenance cost for a month in which production is expected
to be 36000 units.
$142800
$115050
$119800
$136050
Question 5 --/1 View Policies Current Attempt in Progress Waterway Industries's high and low level of...
Question 5 --/1 View Policies Current Attempt in Progress Waterway Industries's high and low level of activity last year was 65000 units of product produced in May and 10000 units produced in November. Machine maintenance costs were $212000 in May and $47000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 48000 units. O $156750 O $195000 O $182250 O $161000
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total $67,000. Assuming that this activity is within the relevant range, if 25,000 units are produced, then: Select one: a. total fixed costs are expected to be $37,500. b. variable cost per unit is expected to equal $2.68. c. fixed cost per unit is expected to equal $1.20. d. total cost per unit is expected to equal $3.88. Paine Company wishes to determine the fixed...
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units) $600,000 Variable costs 420,000 Contribution margin 180,000 Fixed costs 110,000 Net income $ 70.000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 % of sales. 3. Reduce fixed costs by $10,000. Instructions If maximizing net income is the...
Multiple Choice Question 67
Sunland Company’s high and low level of activity last year was
51000 units of product produced in May and 12000 units produced in
November. Machine maintenance costs were $161800 in May and $52600
in November. Using the high-low method, determine an estimate of
total maintenance cost for a month in which production is expected
to be 36000 units.
$142800
$115050
$119800
$136050
Question 5 --/1 View Policies Current Attempt in Progress Waterway Industries's high and low level of activity last year was 65000 units of product produced in May and 10000 units produced in November. Machine maintenance costs were $212000 in May and $47000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 48000 units. O $156750 O $195000 O $182250 O $161000
Most questions answered within 3 hours.
-
Assume that you work for an organization that has around 10,000
desktops/laptops and approximately 1,000 servers...
asked 4 minutes ago -
An electron moves along the z-axis with vz=5.2×10^7m/s.
As it passes the origin, what are the...
asked 6 minutes ago -
Silly-Sort(A,i,j)
if A[i] > A[j]
then exchange A[i] and A[j];
if i+1 >= j
then return;...
asked 10 minutes ago -
Discuss the major contributions of Max Weber in understanding
the society theoretically. [10]
asked 13 minutes ago -
The rate constant for a certain reaction is k =
8.50×10−3 s−1 . If the initial...
asked 24 minutes ago -
a 5.00 kg ball moving to the right at a velocity of + 2.00 m /...
asked 18 minutes ago -
A charged paint is spread in a very thin uniform layer over the
surface of a...
asked 21 minutes ago -
The lifetime of a physical mechanism is given as f(x) = {(c/x^2
if 1< x <...
asked 29 minutes ago -
Please help me with this problem below
What is wrong with the following code?
if income...
asked 38 minutes ago -
The following information for the past year is available from
Thinnews Co., a company that uses...
asked 41 minutes ago -
Suppose you work for Allstate, and insurance company and the
data shows the following for auto...
asked 42 minutes ago -
The fresh fruit market and frozen dinner market are
currently in equilibrium. Fresh fruit is a...
asked 47 minutes ago