Assume a Co. has the following available information about costs: Year Activity (units) Total Operating Costs 2010 139,000 2011 171,000 $364,000 $428,000 Use the high low method to develop determine the variable cost per unit.
Q: Accounting question
A: To determine the growth rate of Omniva Inc.'s earnings per share (EPS) over the 5-year period, we…
Q: I want to this question answer general Accounting
A: Step 1: Define Annual Percentage RateAnnual percentage rate (APR) is defined as the aggregate cost…
Q: No WRONG ANSWER
A: Given Data:Inventory Conversion Period (average age of inventory): 90 daysReceivables Collection…
Q: Please help me this question solution general accounting
A: Step 1: Definition of Fixed Overhead CostFixed overhead cost refers to expenses that remain constant…
Q: What is the actual return on pension assets? General accounting
A: Step 1: Definition of AssetAn asset is any resource owned or controlled by an organization that…
Q: Financial Accounting please answer
A: Explanation for a: The formula to calculate degree of operating leverage is as follows:Degree of…
Q: GENERAL ACCOUNT
A: Direct Material Price Variance (DM Price Variance):The direct material price variance measures the…
Q: Need Help
A: Explanation of Total Cost: represents the sum of all fixed and variable costs incurred by a company…
Q: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following…
A: To compute the direct materials price variance, use the following formula: Direct Materials Price…
Q: Correct answer
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a costing method that…
Q: ??!!!
A: Explanation of Adjusted Cost of Goods Sold (COGS):Adjusted Cost of Goods Sold (COGS) represents the…
Q: Ans
A: Step 1: Definition of Capital GainA capital gain is the profit realized from the sale of a capital…
Q: What is the net opreting income for the month under variable costing??
A: Step 1: Definition of Variable CostingVariable Costing Method is an accounting approach where only…
Q: Solve this question general Accounting
A: Step 1: Identify the beginning and ending capital balancesStep 2: Calculate the average capital…
Q: Determine the degree of operating leverage on these general accounting question
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…
Q: Given correct answer general Accounting question
A: Step 1: Define Monthly paymentMonthly payment is the amount to be paid at a regular monthly gap…
Q: Discuss the accounting treatment for debt issuance costs. How are these costs recognized and…
A: Definitions Related to Debt Issuance CostsDebt Issuance Costs:Debt issuance costs are fees and…
Q: The standard cost of Wonder Walkers includes 3 units of direct materials at $9.00 per unit. During…
A: Explanation of Total Materials Variance:Total Materials Variance measures the overall difference…
Q: Please provide answer this following requirements on these general accounting question
A: 1. Write-offs during Year 6: The formula for calculating write-offs is: Write-offs = Beginning…
Q: Financial Accounting Question need help
A: Step 1: Define Note Receivable and Interest ReceivableA note receivable is a financial asset…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Tax SavingsTax savings from an expense item refer to the amount of tax…
Q: Hi teacher please help me this question general accounting
A: To calculate the price-earnings (P/E) ratio, we need to follow these steps: Calculate Earnings per…
Q: What was the variable cost per dog associated with zarena's water bill? General accounting
A: To calculate the variable cost per dog, we use the formula for the slope of a line: Variable cost…
Q: Ans
A: Step 1: Gather Key DataDescriptionAmount ($)Initial investment (depreciable assets)36,000Working…
Q: need help with this accounting question
A: Step 1: Definition of Labor Efficiency VarianceLabor Efficiency Variance: This measures the…
Q: Abc
A: To calculate the beginning work in process (WIP), we use the formula for Cost of Goods Manufactured…
Q: What is the return on equity? General accounting
A: Net Income = Sales * Profit Margin= $807,200 * 0.0968 = $78,076.16Total Equity = Total Assets * (1 -…
Q: General Accounting question
A: Accounts receivable turnover = Net credit sales / Average accounts receivableAverage accounts…
Q: Find out
A: Standard costing is a method that is best suited for environments where processes are repetitive and…
Q: Rally, Inc
A: To determine Rally, Inc.'s share price before the increase in leverage, we can use the following…
Q: What is the amount of cash collected from customer?
A: Step 1: Definition of Credit SalesCredit sales refer to sales made on account, where payment is…
Q: Accounting question
A: Step 1: Identify the formulaStep 2: Substitute the given valuesStep 3: Calculate the market risk…
Q: overhead
A: Calculation of Monthly Direct Cost Monthly Direct Cost = No. of Cycles produced x Direct Cost per…
Q: Please solve this question general accounting
A: Step 1: Definition of Gross ProfitGross Profit is the total revenue of a company minus the cost of…
Q: General accounting
A: Step 1: Definition of Ending InventoryEnding inventory refers to the value of inventory remaining…
Q: It's net sales equal
A: To calculate net sales, use the following formula: Net Sales = Cash Sales + Credit Sales - Sales…
Q: None
A: The delivery cycle time, also called lead time, is the total time that elapses from placing the…
Q: Buckhorn Corporation bases its predetermined overhead rate on the estimated machine hours for the…
A: To compute the correct predetermined overhead rate (POHR), follow these steps: Step 1: Formula for…
Q: ?!
A: The learning curve concept primarily suggests that unit costs decrease with experience. This…
Q: Question: 5-1 Good Times Restaurant estimates the following costs for next year: fixed costs…
A: We have given, Fixed costs: $120,000Variable cost per meal: $15Selling price per meal: $35OpDesired…
Q: What is the total net gain or loss on this transaction?
A: Calculating the gain or loss on a T-bill futures trade.1. Initial position:- Long position at 96.22-…
Q: Given correct answer accounting
A: The arithmetic average annual return per year is simply the mean or average of the returns. To…
Q: What is the amount of gain or loss recorded on the sale of this machine?
A: Step 1: Identify the given values:• Original Cost• Accumulated Depreciation• Selling PriceStep 1:…
Q: Financial Account
A: Given Data:Standard Hours per Unit (SH/unit) = 18 minutes =6018 =0.3 hoursStandard Rate per Hour…
Q: Give me Answer
A: Concept of Discounted Payback PeriodThe discounted payback period is the time it takes for an…
Q: ??!!
A: Explanation of Predetermined Overhead Rate: Predetermined overhead rate is a calculated rate used to…
Q: Do you help me with accounting questions
A: Step 1: Definition Fixed Overhead Cost per UnitFixed Overhead Cost per Unit represents the portion…
Q: Ans plz
A: Step 1: Identify transactions classified as investing activitiesStep 2: Include cash inflows from…
Q: Financial Accounting
A: Average daily sales = $900,000 / 365 days= $2,465 per dayAverage collection period = Average…
Q: Expert need your advice
A: The cash flow cycle (or cash conversion cycle) is calculated using the formula: Cash Conversion…
Ans
Step by step
Solved in 2 steps
- 1. The following data pertains to activity and utility cost for two recent periods:Activity level (units) 8,000 5,000Utility cost $8,000 $6,500Utility cost is a mixed cost with both fixed and variable components. Using the high-lowmethod, the cost formula for utility cost is:A. Y = $1.00 XB. Y = $1.25 XC. Y = $4,000 + $0.50 XD. Y = $1,500 + $1.25 XGiven the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 88000 $192000 February 54000 120000 March 80000 168000 April 94000 200000 $2.13. $2.00. $2.22. Cannot be determined from the information given.
- Find the missing information Output Fixed Variable Total Costs Costs Cost of (units) Costs per unit stion Company 4000 50000 70000 ? ? A Select one: O a. Total cost 120000 cost per unit 15.5 O b. otal cost 120000 cost per unit 30 O c. Total cost 74000 cost per unit 18.5 O d. Total cost 54000 cost per unit 13.5Your boss would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent periods appear below. Activity Cost Period 1 22 235 Period 2 23 243 Period 3 25 255 Period 4 20 227 Using the least-squares regression method, what is the cost formula for this cost? Y = P107.45 + P5.89X O Y = P0.00 + P10.67X O Y = P111.92 + P5.69X O Y = P120.81 + P3.56XAssume the following information:VolumeTotal Cost100 units$1,30090 units1,500106 units1,750What is the variable cost per unit? (Round answer to three decimal places.)a. $28.125b. $15.625c. $20.178d. $13.175
- The Perize Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect Materials Cost Explained by Units Produced Constant $15,685 Standard error of Y estimate $3,500 r2 0.7832 Number of observations 20 X coefficient(s) 10.25 Standard error of coefficient(s) 2.1876 What is the cost function? Select one: a. Y = $19,185 + $4.48X b. Y = $15,685 + $10.25X c. Y = $12,285 + $10.25X d. Y = $3,500 + $5.15XAssume that a company has the following data for one of its manufacturing cells: Theoretical velocity – 40 units per hour; Productive minutes available (per year) – 1,200,000; Annual conversion costs - $4,800,000; and Actual velocity – 30 units per hour. choose the correct letter of answer Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute.a.$6b.$8c.$7d.$3 calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute.a.$6b.$8c.$7d.$3solve this account query
- 1. (Give workings for your answer) The following data pertains to activity and utility cost for two recent periods: Activity level (units) 8,000 5,000 Utility cost $8,000 $6,500 Utility cost is a mixed cost with both fixed and variable components. Using the high-lowmethod, the cost formula for utility cost is:A. Y = $1.00 XB. Y = $1.25 XC. Y = $4,000 + $0.50 XD. Y = $1,500 + $1.25 XConsider the following cost and pricing data of ABC Corp. on its Product X:Price: P120.00.per unitProfit Contribution: P90.00Proposed additional Cost: P3 per unit (for quality improvement)Current Profits: P2.4 millionSales: 100,000 units. A. Assuming that average variable costs are constant at all output levels, findABC Corp.’s total cost function before the proposed change.B. Calculate the total cost function if the quality improvement is implemented. UNANSWERED SUB-PARTSC. Calculate ABC Corp.’s break-even output before and after the change, assuming it cannot increase its price.D. Calculate the increase in sales that would be necessary with the quality improvement to increase profits to P2.7 millionAssume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2012 556,000 $182,000 2013 684,000 214,000 Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = $0 +$ 0