Homework Answers
(a) DETERMINATION OF THE FIXED AND VARIABLE COST COMPONENTS USING THE HIGH-LOW METHOD:
VARIABLE cost per unit
= ( cost at high activity - cost at low activity )÷ (High activity level - low activity level)
= ($5500 - $2700 ) ÷ (700-300)
= $2800 ÷ 400
= $7 per machine hour.
FIXED cost per month
At activity level of 300 machine hours, total mantainance cost is $2700
varaible component in total cost = $7 × 300 hrs. = $2100.
Therefore, fixed portion in total cost = $2700 - $2100 = $600.
(b) GRAPH SHOWING THE BEHAVIOUR OF MAINTAINANCE COSTS :
_____×_____
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E18-3 The controller of Norton Industries has collected the following monthly expense data for use in...
E5.3 (LO 1, 2), AN The controller of Norton Industries has collected the following monthly expense...
E5.3 (LO 1, 2), AN The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. riable costs od and FTT Total Total Ins Machine Hours Maintenance Costs Month a 300 $2,700 3,000 3,600 4,500 3,200 5,500 January February March b 350 500 ES 690 April May June of 400 in 700 Instructions a. Determine the fixed- and variable-cost components using the high-low method. b. Prepare a graph showing...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Hours 300 Month January February March Total Maintenance Costs $2,900 3,000 3,600 4,300 3,200 400 600 April 790 500 May June 4,500 800 Instructions (a) Determine the fixed-cost and variable-cost components using the high-low method. (b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed- cost and variable-cost elements....
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,750 3,500 February 3,000 4,000 March 3,600 6,000 April 4,500 7,900 May 3,200 5,000 June 5,000 8,000 (a) Determine the fixed and variable cost components using the high- low method. (b) Prepare a graph showing the behaviour of maintenance costs, and identify the fixed and variable cost elements. Use 2,000-hour...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,550 300 February 2,850 350 March 3,450 500 April 4,350 690 May 3,050 500 June 5,460 700 Incorrect answer iconYour answer is incorrect. Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hour $ 7.3 eTextbook and...
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use...
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Machine Hours Month January February March Total Maintenance Costs $2,860 3,160 3,760 4,660 3,360 5,620 300 350 500 April 690 May 500 June 700 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hours Determine the fixed cost components using the high-low...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,850
350
March
3,450
500
April
4,350
690
May
3,050
500
June
5,460
700
Determine the variable cost components using the high-low
method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Machine Hours Month $2,730 January 350 February 3,030 400 March 3,630 550 April 4,530 540 May 3,230 550 June 5,690 750 Detemine the variable cost components using the high-low method....
2. The controller of Hall Industries has collected the following monthly expense data for use in...
2. The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
total
total
Month
Maintenance Costs
Machine Hours
1
2460
3500
2
3000
4000
3
3600
6000
4
4500
7900
5
3200
5000
6
4620
8000
(a) Determine the fixed- and variable-cost components using the
high-low method.
.................................
500 P18.1A (LO1, 2) The controller of Rather Production has collected the following monthly expense data for analyzing the cost...
E5-5 The controller of Hall Industries has collected the following monthly expense data for use in...
E5-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Determine fixed and variable costs using the high-lovw method and prepare graph. (LO 1, 2), AP Total Maintenance Costs $2,640 3,000 3,600 4,500 3,200 4,620 Total Machine Hours 3,500 4,000 6,000 7,900 5,000 8,000 Month January February March April May June (a) Determine the fixed- and variable-cost components using the high-low method.
riable Calculate the expected production costs if 9,000 units a E20-2 The controller of Norton Industries...
riable Calculate the expected production costs if 9,000 units a E20-2 The controller of Norton Industries has the cost behaviour of maintenance costs. LIUIl cost listed as variable, fixed, or mixed. n costs if 9,000 units are produced. per of Norton Industries has collected the following monthly expense data for use in a for use in analyting ph. Total Total Month Maintenance Costs Machine Hours January $2,700 300 February 3,000 350 March 3,600 500 April 4,500 690 May 3,200 400...
E5.3 (LO 1, 2), AN The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. riable costs od and FTT Total Total Ins Machine Hours Maintenance Costs Month a 300 $2,700 3,000 3,600 4,500 3,200 5,500 January February March b 350 500 ES 690 April May June of 400 in 700 Instructions a. Determine the fixed- and variable-cost components using the high-low method. b. Prepare a graph showing...
Practice Exercises 1. The controller of Teton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Machine Hours 300 Month January February March Total Maintenance Costs $2,900 3,000 3,600 4,300 3,200 400 600 April 790 500 May June 4,500 800 Instructions (a) Determine the fixed-cost and variable-cost components using the high-low method. (b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed- cost and variable-cost elements....
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Machine Hours Month January February March Total Maintenance Costs $2,860 3,160 3,760 4,660 3,360 5,620 300 350 500 April 690 May 500 June 700 Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.) Variable cost per machine hours Determine the fixed cost components using the high-low...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,850
350
March
3,450
500
April
4,350
690
May
3,050
500
June
5,460
700
Determine the variable cost components using the high-low
method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Exercise 18-3 The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Machine Hours Month $2,730 January 350 February 3,030 400 March 3,630 550 April 4,530 540 May 3,230 550 June 5,690 750 Detemine the variable cost components using the high-low method....
2. The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
total
total
Month
Maintenance Costs
Machine Hours
1
2460
3500
2
3000
4000
3
3600
6000
4
4500
7900
5
3200
5000
6
4620
8000
(a) Determine the fixed- and variable-cost components using the
high-low method.
.................................
500 P18.1A (LO1, 2) The controller of Rather Production has collected the following monthly expense data for analyzing the cost...
E5-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Determine fixed and variable costs using the high-lovw method and prepare graph. (LO 1, 2), AP Total Maintenance Costs $2,640 3,000 3,600 4,500 3,200 4,620 Total Machine Hours 3,500 4,000 6,000 7,900 5,000 8,000 Month January February March April May June (a) Determine the fixed- and variable-cost components using the high-low method.
riable Calculate the expected production costs if 9,000 units a E20-2 The controller of Norton Industries has the cost behaviour of maintenance costs. LIUIl cost listed as variable, fixed, or mixed. n costs if 9,000 units are produced. per of Norton Industries has collected the following monthly expense data for use in a for use in analyting ph. Total Total Month Maintenance Costs Machine Hours January $2,700 300 February 3,000 350 March 3,600 500 April 4,500 690 May 3,200 400...
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