The total maintenance costs of Silver Company in the last four months are presented below: Month Machine hours Maintenance cost January 7, 200 P450, 000 February 6. B00 P422. 000 March 7, 300 P440, 000 April 6, 400 P418. C00 1 lotal hed cost
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- QS 18-4 (Algo) Measuring costs using high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month Units Produced June 110 July 170 August 138 September 160 October 220 November December 250 70 Maintenance Cost $ 5,050 6,850 5,650 6,550 8,350 9.250 3,850 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costsCH11_HW_QA2_LA Required 1: 1-a. Compute the throughput time for each month. 1-b. Compute the manufacturing cycle efficiency (MCE) for each month. 1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.) Throughput Time Manufacturing Cycle Efficiency (MCE) Delivery Cycle Time Month 1 days % days Month 2 days % days Month 3 days % days Month 4 days % days Required 3: 3-a. (Month 5) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 5 the inspection time, process time, and so forth, are the same as for month 4, except that the company is able to completely eliminate the queue time during production using Lean Production. Compute the new throughput time and MCE. 3-b. (Month 6) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 6 the inspection time, process time, and so…High–low method—missing amounts The following data have been extracted from the records of Puzzle, Inc.: February AugustProduction level, in units. . . . . . . . . . . . . . . . . . 12,000 18,000Variable costs. . . . . . . . . . . . . . . . . . . . . . . . . . $21,000 $ ?Fixed costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . ? 31,000Mixed costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 ?Total costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70,000 $88,000Required:a. Calculate the missing costs.b. Calculate the cost formula for mixed cost using the high–low method.c. Calculate the total cost that would be incurred for the production of 20,000 units.d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c
- QUESTION 3 A company absorbs overheads based on machine hours. Machine hours were budgeced co be 11,250 and budgeted overheads were £258,750. The actual results were 10,980 machine hours with averheads of £254,692. Were overheads over or under absorbed and by how much? Oa Under absorbed by £2.152 Ob.Over absorbed by £4,058 O. Under absorbed by E4,058 Od. Over absorbed by £2,152 QUESTION 4 A firm has a high level of inventory turnover and uses the Firar in First Out (FIFO) inventory valuation method. In a period of rising purchase prices what would the value of the dosing inventory units be? Oa Based on the pnces of the first inems recerved Ob. Much iower than current purchase prices Oc The average of all goods purchased in the period O d. Close to current purchase pricesQuestion Content Area At the end of the year, overhead applied was $3,772,000. Actual overhead was $3,472,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $300,000 b. increase by $300,000 c. decrease by $600,000 d. increase by $600,000QUESTION 2/15 2020033800068702: From the following information distribute cost of Time Keeping department among various other departments: Total cost of Time keeping department as per primary Distribution: Rs. 10000, Ratio of Stores Requisition: 4:3:2:1, Ratio of Machine Hours: 3:3:2:2, Ratio of No of Employee: 3:4:2:1 and Ratio of Floor area: 5:3:1:1 O Rs. 4000, Rs. 3000, Rs. 2000 and Rs. 1000 O Rs. 3000, Rs. 3000, Rs. 2000 and Rs. 2000 O Rs. 3000, Rs. 4000, Rs. 2000 and Rs. 1000 O Rs. 5000, Rs. 3000, Rs. 1000 and Rs. 1000
- QUESTION 2 A factory's records show the following costs and outputs for the last five months: Month |January February March Cost (£) 17,125 Output 650 17,800 940 April May 18,650 17,980 18,760 1,260 990 1,150 Using the High - Low method to calculate, what wouid the cost be of producing 1,000 units? O a. E15,500.00 Ob.E17,958.40 Oc £18,000.00 d. E18,269.500O The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $105,050 2,100 units May 112,190 2,940 June 123,410 4,260 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit per unit b. Total fixed costs Previous Next 3:26 PM 53°F Sunny a, (中岁 12/14/2021 甲 # 五 144U. 2TU 21. The following information is available for Sweet Corporation's Material X Annual usage Working days per year Normal lead time The units of Material X are required evenly throughout the year. What is the reorder point? a. 35 units 12,600 units 360 days 20 days b. 20" day c. 700 units d. 630 units
- How much should be the accumulated cost of work in process as of May 31? a. P90,000 b. P100,000 c. P190,000 d. P220,000Problem 5 Compute the monthly and annual fixed portion of the following semi-variable expense using the high-low method: Month 12345 Rooms Volume 175 125 128 200 150 Carry the unit variable rate to four decimals. Round the final answers to whole dollars. Labor Cost $100 80 79 120 90Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four jobs during the month of October. Direct materials, direct labor incurred, and machine hours consumed were as follows: Direct Material $21,000 Machine Hours 1,500 Direct Labor $35,000 $22,000 $65,000 $ 8,800 Job No. 64 65 900 $44,000 $15,000 66 2,000 67 200 Indirect production costs incurred during October included charges for depreciation ($34,000), indirect labor ($68,000), indirect materials ($5,000), and other factory costs ($139,100). Kite Corp. completed Job No. 64 and Job No. 66 during October. Job 64 was sold on October 22nd.
