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.
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Assume a Co. Has the following available information about costs on this accounting question
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- 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 XUsing the high low method and the scatter iagram, compute for the fixed and variabl costs, including the variable cost per % of occupancy: 3 4 5 in 6 7 8 9 10 11 12 13 Month % of occupancy Cost of Electricity Jan Feb Mar Apr May Jun 2488RY 20 25 60 80 70 65 2,000 2,500 3,800 5,000 4,400 4,000In the process of finding the optimum order quantity the following costs are obtained per order or per unit annually. Inspection Cost = SR 4 Cost of Interest = SR 4 Insurance Cost = SR 2 Administration Cost = SR 4 Obsolescence = SR 3 Depreciation Cost = SR 2 Breakage Cost = SR 2 Given that the annual Demand is 500,000. Number of order?
- Calculate the profitability of the following proposal using Average rate return (ARR) methodProposal IAutomatic machine Cost OMR 320000Estimated life4.5 yearsEstimated sales P.A 220000Cost : Material OMR 60000 Labour OMR 22000 Variable overheads OMR14000 a.16.53% b.3.19% c.4.62% d.All the options are wrongDetermine fixed costs using the high-low method from the following data: Total Costs Level of Activity P65,000 11,250 P52,000 8,000 P86,000 16,500 a. P45,000 b. P20,000 c. P16,500 d. P9,500Based on analyzing the production cost (Y) to units produced (X), the following relationship was found: Y=$5,000+$20X. The $20 in the equation represents: Select one: Oa. Variable production costs per unit Ob. None of the answers given Oc Total variable production costs. O d. Total fixed production costs Oe. Fixed production costs per unit. Next page age
- Given 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 13.5
- The following activity and cost data that were provided by Hoist Corporation would help in estimating its future maintenance costs: Units Maintenance cost P1,350 7 P1,590 11 P1,920 15 P2,100 Using the least squares regression method to estimates the cost formula, the expected total cost for an activity level of 10 units would be closest to:Your 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 + P3.56XQ1- You have the following data for the four products (A,B,C,D): PRODUCT VARIABLE FIXED TOTAL NET CONTRIBUTION SALES IN COST COST PROFIT MARGIN RATIO 30% COST DOLLAR A 300 M 1500 700 K 1000 P. Q 1200 C 500 800 1200 R 2000 300 200 Required: Find the unknown values?. .. truck The SI