← Chapter 5 HomeworkOctoberNovemberQuestion 1 of 6(a)(b)Total fixed costsDetermine the fixed costs and unit variable costs using the high-low method.Save for Later4,200Variable cost per machine hour3,300<eTextbook and MediaElectricity cost $Amount differLA$630$350What electricity cost does the cost equation estimate for a level of activity of 500 machine hours?By what amount does this differ from March's observed cost for 500 machine hours?Attempts: 0 of 3 used- / 1|||Submit Answer: ← Chapter 5 HomeworkQuestion 1 of 6JanuaryFebruaryMarchThe controller of Rather Production has collected the following monthly cost data for analyzing the behavior of electricity costs.AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember<(a)TotalElectricity Costs$2,5003,0003,6004,5003,2004,9004,1003,8005,1004,2003,3005,860TotalMachine Hours300350500690400700650520680630350-/1720E:

VARIABLE COST Variable Cost are constant at per Unit basis. Total Variable Cost is Varry on…

(a) Determine the fixed costs and unit variable costs using the high-low method. Total fixed costs Variable cost per machine hour (b) eTextbook and Media Save for Later Electricity cost $ $ What electricity cost does the cost equation estimate for a level of activity of 500 machine hours? Amount differ $ By what amount does this differ from March's observed cost for 500 machine hours? $ ļ Attempts: 0 of 3 used Submit Answer

(a) Determine the fixed costs and unit variable costs using the high-low method. Total fixed costs Variable cost per machine hour (b) eTextbook and Media Save for Later Electricity cost $ $ What electricity cost does the cost equation estimate for a level of activity of 500 machine hours? Amount differ $ By what amount does this differ from March's observed cost for 500 machine hours? $ ļ Attempts: 0 of 3 used Submit Answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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G 1. Compute the companys deg X Connect tent A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l Saved napter 05 Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $2,160,000 1,728,000 $432,000 324,000 Pretax income $ 108,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. Degree of operating leverage 3.0 ост 20 W
Question17 Given the information shown below, what are the costs for the production labor category for the weekly sales estimate level of $20,000? Labor Category Management 10.0% Service % Cost to Production 15.0% Sanitation Total Sales Total 3.0% 3.0% 31.0% Weekly Sales Estimate $19,000 $20,000 $21,000 ??? 0,000. Т.
ACC 102 HW Cost Behavior pt 3 (Ch 3 pt 3) Complete the following in Word or Excel: 1. Given the following cost and activity observations for Oprah Enterprises' utilities, use the fixed cost estimate per month. high-low method to calculate Oprah's variable utilities cost per machine hour. Then calculate the September October November December Cost $4,100 3,700 3,900 4,500 Machine Hours 19,000 18,000 27,000 28,000 2. The delivery trucks of Little Italy's Pizzeria incurred maintenance costs of $2,400 during its busiest month of 20xx, in which 8,000 miles were driven collectively. During its slowest month, $1,800 in maintenance costs were incurred, resulting from 5,000 miles being driven. Using the high-low method, what maintenance cost would the company expect to incur at 10,000 miles?
CLASS ACTIVITY:CASE PROBLEM The Overland Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month Electricity Cost Direct Labor January April July October P6,750 7,500 8,500 7,250 Hours 1,500 1,700 2,000 1,600 Required: Determine the following using the high-low method. a. Variable cost per hour b. Fixed Cost Cost equation/function d. How much is the total cost with 2,200 labor hours? C.
Problem Please solve all parts i need all answers The controller of Sunland Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,490 250 February 3,000 320 March 3,530 460 April 4,740 695 May 3,160 450 June 4,900 790 July 4,130 625 August 3,890 590 September 5,170 680 October 4,220 610 November 3,290 320 December 6,410 810 Determine the fixed- and variable-cost components using the high-low method. Fixed-costs $ Variable-costs $ LINK TO TEXT LINK TO TEXT What electricity cost does the cost equation estimate for a level of activity of 460 machine hours? Electricity costs $…
Given the following cost and activity observations for George Company’s utilities, use the high-low method to determine George’s variable utilities cost per machine hour. Cost Machine Hours May $16,500 105,000 June 18,000 120,000 July 16,000 100,000 August 17,500 117,000 a. $10.00 b. $0.10 c. $100.00 d. $1.00
Given the following cost and activity observations for Bounty Company’s utilities, use the high-low method to determine Bounty’s variable utilities cost per machine hour. Round to the nearest cent. Cost Machine Hours March $3,139 14,709 April 2,650 9,989 May 2,817 12,342 June 3,656 17,720 a. $0.74 b. $0.13 c. $1.43 d. $0.78
Question A21 Alders Ltd use an absorption costing and have calculated an overhead absorption rate based on units of output. The following information is relevant to the last quarter: Budgeted overhead was £231,000 Actual overhead was £235,000 Actual output was 11,000 units Budgeted output was 10,500 units What was the level of under or over absorption in the last quarter? A £7,000 over absorbed B £4,000 under absorbed C £4,000 over absorbed D £7,000 under absorbed
You are provided the following production information for the month of October 2020 Material A Material B Material C Opening WIP Cost RO R5,622 R4 235 Current Months' Cost R57,885 R66,368 R36,329 Equivalent Units 6,264 units 9.863 units 7.959 units If a FIFO system is used, what is the cost per equivalent unit for Material C?
Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975
QUESTION Valencia Manufacturing Company manufactures and sols musical aadgets The business ened Operating Income of $220.p00 in 2018 when sellng picn per unit was $200, and the president of Valencia 1s under pressure to increase operating income in 2018. Data for varjable cost per unit and total fixed costs were as follows Variable expenses per unt Direct Material Direct Labour Variable Manutacturrg Overmead $40 $32 $18=T0 Faed expenses: Fled Manufacturing Overhead Fired Seling Costs Fixed Administrative Costs $190 000 $115,000 $135.000440 CD Required: (a) Using the equation method, calulate the number ef units sold in 2018. Given the sales units calculated in Part (a), prepare a contribution margin income statement for the year ended December 31, 2018. detaling the composition of total fed costs and clearty showing contribution and net income (ef Calculate Valencia's break-even paint in units and in sales dellars (d) Calculate the marain of safety in units and in sales dollars The…
Electronio ExperGecupancy Percentage 62 Month January April August 6,200 6,600 68 7,200 78 December 5,500 50 Jsing the highllow two point method to: 1 Determine the variable cost per 1poercent of occupancy 2 Estimate the fixed costs per month 3 What is the estimated total electric expense at 62 pecent of ocoupancy? ANSWER Month Electronic Expenses Oooupanoy Percentage High August 7,200 78 Low December 5,500 50 Difference 1,700 28 1 Variable cost per 1% of ocoupanoy = 61 2 Total variable cost of electric expense for December = Total fixed cost of electric expense for December = 3,035.71 2,464.29 Total variable cost of electric expense for August = Total fixed cost of electrio expense for August = 4,735.71 2,464.29 3 Using the fixed cost for December as the total fixed cost for estimation Total variable cost of electric expense at 62%. oooupancy = Total fixed oost of electric expense at 62% occupanoy Estimated total electric expense at 62% occupancy =