Homework Answers
Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)
=(167840-53000)/(210-36)
=$660 per boat
Hence fixed cost=167840-(660*210)
=$29240
Total estimated cost would be=Fixed costs+Variable costs
=29240+(660*180)=$148040
NOTE:Total fixed costs and variable cost per unit do not change with change in units
Add Answer to:
Rundle Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in...
Jordan Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in...
Jordan Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 206 boats at a total cost of $149,870. The low point in production occurred in January when it produced 39 boats at a total cost of $48,000. Required Use the high-low method to estimate the...
Stuart Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in...
Stuart Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 202 boats at a total cost of $149,200. The low point in production occurred in January when it produced 30 boats at a total cost of $46,000. Required a. Use the high-low method to estimate...
Finch Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in...
Finch Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During year 2, the high point in activity occurred in June when it produced 208 boats at a total cost of $163,200. The low point in production occurred in January when it produced 40 boats at a total cost of $54,000. Required a. Use the high-low method to...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Benson Boat Company...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Benson Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 202 boats at a total cost of $145,800. The low point in production occurred in January when it produced 39 boats at...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Walton Boat Company...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Walton Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 209 boats at a total cost of $160,360. The low point in production occurred in January when it produced 31 boats at...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand....
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth $ 240,000 S 120,000 S 60,000 S 180,000 128,000 300.000 Direct materials Direct labor 64.000 220.000 32.000 98,000 Manufacturing...
16 Required information [The following information applies to the questions displayed below) Oslo Company prepared the...
16 Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1.000 units (the relevant range of production is 500 units to 1,500 units): Part 15 of 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65, eee 45. See 19.se points Skipped $ 5,460 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were...
please solve neat and clean handwriting. Question 1 - Selection of an activity base Fantastic Sweepers...
please solve neat and clean
handwriting.
Question 1 - Selection of an activity base Fantastic Sweepers of New England manufactures replacement rotary sweeper brooms for large sweeper trucks that clear leaves and snow from city streets. The business is highly seasonal, with the largest demand during and just preceding the fall and winter months. Because there are so many different kinds of sweeper brooms used by its customers, Fantastic Sweepers makes all of its brooms to order. The company has...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is seasonal, with the largest demand during the fall, the winter, and Christmas holidays. The company must increase production each summer to meet estimated demand. The company has been analyzing its costs to determine which costs are fixed and variable for planning purposes. Below are data for the company's activity and direct labor costs over the last year. Month January February March April May June...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is seasonal, with the largest demand during the fall, the winter, and Christmas holidays. The company must increase production each summer to meet estimated demand. The company has been analyzing its costs to determine which costs are fixed and variable for planning purposes. Below are data for the company's activity and direct labor costs over the last year. Thousands of Number of Direct Units Paid...
Stuart Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 202 boats at a total cost of $149,200. The low point in production occurred in January when it produced 30 boats at a total cost of $46,000. Required a. Use the high-low method to estimate...
Finch Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During year 2, the high point in activity occurred in June when it produced 208 boats at a total cost of $163,200. The low point in production occurred in January when it produced 40 boats at a total cost of $54,000. Required a. Use the high-low method to...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Benson Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 202 boats at a total cost of $145,800. The low point in production occurred in January when it produced 39 boats at...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Walton Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 209 boats at a total cost of $160,360. The low point in production occurred in January when it produced 31 boats at...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth $ 240,000 S 120,000 S 60,000 S 180,000 128,000 300.000 Direct materials Direct labor 64.000 220.000 32.000 98,000 Manufacturing...
16 Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1.000 units (the relevant range of production is 500 units to 1,500 units): Part 15 of 15 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65, eee 45. See 19.se points Skipped $ 5,460 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were...
please solve neat and clean
handwriting.
Question 1 - Selection of an activity base Fantastic Sweepers of New England manufactures replacement rotary sweeper brooms for large sweeper trucks that clear leaves and snow from city streets. The business is highly seasonal, with the largest demand during and just preceding the fall and winter months. Because there are so many different kinds of sweeper brooms used by its customers, Fantastic Sweepers makes all of its brooms to order. The company has...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is seasonal, with the largest demand during the fall, the winter, and Christmas holidays. The company must increase production each summer to meet estimated demand. The company has been analyzing its costs to determine which costs are fixed and variable for planning purposes. Below are data for the company's activity and direct labor costs over the last year. Month January February March April May June...
Angora Wraps of Pendleton, Oregon, makes fine sweaters out of pure angora wool. The business is seasonal, with the largest demand during the fall, the winter, and Christmas holidays. The company must increase production each summer to meet estimated demand. The company has been analyzing its costs to determine which costs are fixed and variable for planning purposes. Below are data for the company's activity and direct labor costs over the last year. Thousands of Number of Direct Units Paid...
Most questions answered within 3 hours.
-
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 39 minutes ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 53 minutes ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 59 minutes ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 1 hour ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 1 hour ago -
Why are polymers not typically casted into products?
asked 1 hour ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 1 hour ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 1 hour ago -
1.
You need to prepare 10.0 liters of an acid aqueous solution with a
pH of...
asked 1 hour ago -
Along an aggregate supply curve, if the level of output is less
than the natural level...
asked 1 hour ago -
By 2025, annual consumption in emerging markets will total $30
trillion and contribute more than ________...
asked 1 hour ago -
At what point does reformation cease to be a viable option for
those who are oppressed...
asked 1 hour ago