Apply the high-low method of cost analysis to the three cost data groups in E6-1A. What cost behavior are apparent? Express each as a cost formula. Volume (applicable to each group) Group A Costs Group B Costs Group C Costs 2,000 $2,600 $1,000 $2,400 12,000 12,600 6,000 2,400 16,000 16,600 8,000 2,400 20,000 20,600 10,000 2,400

Apply the high-low method of cost analysis to the three cost data groups in E6-1A. What cost behavior are apparent? Express each as a cost formula. Volume (applicable to each group) Group A Costs Group B Costs Group C Costs 2,000 $2,600 $1,000 $2,400 12,000 12,600 6,000 2,400 16,000 16,600 8,000 2,400 20,000 20,600 10,000 2,400

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 3E

See similar textbooks

Similar questions

ABC systems Select one a. will limit cost drivers to units of output O b.comply with CAAP c highlight the different levels of activities O d will allocate costs based on volume
Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.
Given the following information, choose the cost and activity that would be used as the high data point in high-low cost estimation: Costs (P) Activity (hours) 48 000 41 500 49 000 42 000 57 000 42 500 56 000 43 000 55 000 43 500 O P57 000 and 43 500 hours O P55 000 and 43 000 hours O P55 000 and 42 500 hours O P55 000 and 43 500 hours O P57 000 and 42 500 hours O P56 000 and 43 500 hours
Please refer to the picture below: Find: 1. Using Direct Method, how much service costs will be allocated to P1?2. Using Direct Method, how much total service costs will be allocated to P2?3. Using Step Method (allocate S1 first), how much total service costs will be allocated to P1?4. Using Step Method (allocate S1 first), how much total service costs will be allocated to P2?
Classifying costs Classify each cost by placing an X in the appropriate columns. The first cost is completed as an example.
Cost classifications used for assigning costs to cost objects include: Multiple Choice Variable cost and fixed cost. Direct cost and indirect cost. Product cost and period cost. Relevant cost and irrelevant cost.
A. Continental Tyre Corporation is capable of producing 30,000 units of tyres per month. Below is information on production costs at the production levels of 10,000 units and 20,000 units. Production level Cost per unit Cost behaviour 10,000 20,000 Cost Element 10,000 units 20,000 units units units Direct Materials RM 4 RM 4 VARIABLE RM40,000 RM80,000 COST Direct Labor RM 6 RM 6 VARIABLE RM60,000 RM120,000 COST Indirect Materials RM 2 RM 2 VARIABLE RM20,000 RM40,000 COST Factory Utilities RM 1.2 RM 0.9 MIXED RM12,000 RM18,000 COST Factory Rental RM 2 RM 1 FIXED RM20,000 RM20,000 COST RM 2.4 RM 1.2 Factory Equipment Depreciation FIXED COST RM24,000 RM24,000
Cost classifications used for predicting cost behavior include: Multiple Choice Variable cost and fixed cost. Direct cost and indirect cost. Product cost and period cost. Relevant cost and irrelevant cost.
please help me number it from 1-5
46.) Given the following information, choose the cost and activity that would be used as the high data point in high-low cost estimation: Costs (P) Activity (hours)48 000 41 50049 000 42 00057 000 42 50056 000 43 00055 000 43 500Group of answer choices P57 000 and 42 500 hours P55 000 and 42 500 hours P57 000 and 43 500 hoursP55 000 and 43 500 hours P55 000 and 43 000 hours P56 000 and 43 500 hours
classify each of the following costs of queen company in two ways: (a) as variable (v) or fixed costs (f): (b) as inventoriable costs (i) or period costs (p)
2. The following total cost graphs indicate which type of cost behavior? A. VARIABLE COST B. FIXED COST C. MIXED COST D. STEP COST

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

Cookie Policy

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

E6-2A	High-Low Method
	Apply the high-low method of cost analysis to the three cost data groups in E6-1A. What cost behavior are apparent? Express each as a cost formula.

	Volume (applicable to each group)	Group A Costs	Group B Costs	Group C Costs
	2,000	$2,600	$1,000	$2,400
	12,000	12,600	6,000	2,400
	16,000	16,600	8,000	2,400
	20,000	20,600	10,000	2,400