a) Use the high-low method to determine the cost function to estimate future costs. b) If a total of 5,200 machine hours are estimated for July, what would be the total operating cost of the Machining Department? c) If fixed cost is calculated as $5,300 and variable cost per unit is calculated as $9.70 using the regression method, then what would be the total cost for 5,200 machine-hours in July?
a) Use the high-low method to determine the cost function to estimate future costs. b) If a total of 5,200 machine hours are estimated for July, what would be the total operating cost of the Machining Department? c) If fixed cost is calculated as $5,300 and variable cost per unit is calculated as $9.70 using the regression method, then what would be the total cost for 5,200 machine-hours in July?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...
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![02. Muhammad Seif, a cost analyst, collected the following information
concerning the operations of the Machining Department:
Observation
Machine hours
January
February
March
April
May
June
Required:
4,000
4,600
3,800
4,400
4,500
4,900
a)
future costs.
Total Operating Costs
$45,000
50,500
43,750
48,800
49,800
54,300
the high-low method to determine the cost function to estimat
b) If a total of 5,200 machine hours are estimated for July, what would
be the total operating cost of the Machining Department?
c)
If fixed cost is calculated as $5,300 and variable cost per unit is
calculated as $9.70 using the regression method, then what would be the
total cost for 5,200 machine-hours in July?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3dd320d-6055-44f2-9e3c-46fd27e36197%2F541b8a10-3db8-49d9-b428-5fdfe2807482%2F1st1oag_processed.jpeg&w=3840&q=75)
Transcribed Image Text:02. Muhammad Seif, a cost analyst, collected the following information
concerning the operations of the Machining Department:
Observation
Machine hours
January
February
March
April
May
June
Required:
4,000
4,600
3,800
4,400
4,500
4,900
a)
future costs.
Total Operating Costs
$45,000
50,500
43,750
48,800
49,800
54,300
the high-low method to determine the cost function to estimat
b) If a total of 5,200 machine hours are estimated for July, what would
be the total operating cost of the Machining Department?
c)
If fixed cost is calculated as $5,300 and variable cost per unit is
calculated as $9.70 using the regression method, then what would be the
total cost for 5,200 machine-hours in July?
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