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: Not use ai please don't
A: Step 1: Avoidable costs are the costs that can be avoidable in case if that alternative is not…
Q: Wolverine World Wide, Incorporated, designs, markets, and licenses casual, industrial, performance…
A: Let's analyze each transaction and determine its effect on the balance sheet and income statement.a.…
Q: Solve general accounting question not use chatgpt
A: Step 1:- Introduction to the Overhead costThe cost which is not related to manufacturing of products…
Q: Static and Flexible BudgetsGraham Corporation used the following data to evaluate its current…
A: Requirement A:Preparation of actual result, flexible budget, and the static budget statement as…
Q: QUESTION: 62 DATA CONCERNING THREE OF THE ACTIVITY COST POOLS OF SALCIDO LLC, A LEGAL FIRM, HAVE…
A: Explanation of Activity Cost Pool: An activity cost pool is a grouping of all costs associated with…
Q: Alvarado Company had the following common stock balances and transactions during the current year:…
A: Step 1: January 1 to February 28 (59 days):60,000 shares outstandingStep 2: March 1 to April 30 (60…
Q: Current Asset
A: The quick ratio (also known as the acid-test ratio) is a financial metric used to assess a company's…
Q: Provide solution this accounting question
A: Step 1:- Introduction to the Price to Earnings RatioThe price to earnings ratio is used to find the…
Q: Question 1: A project's base price is $940,000, with installation cost of $21,000. Depreciation…
A: b. Operating Cash Flows for Years 1, 2, and 3Operating cash flows are calculated by considering…
Q: Sell
A: Break-even point (units)= Fixed Costs÷(Selling Price per Unit−Variable Cost per Unit)Selling Price…
Q: What
A: Explanation of Cost of Goods Manufactured (COGM): Cost of goods manufactured represents the total…
Q: On January 1, 2023, Oriole Corp. lent $44,000 to its CEO, interest-free. The loan is repayable in…
A: The present value (PV) is the current worth of a future sum of money or stream of cash flows given a…
Q: Fill this accounting problem out for me. Please list everything organized in the way it should be in…
A: a. Direct Materials Price Variance (DMPV) shows the difference between the actual cost and the…
Q: Differential Revenue
A: Explanation of Export Offer Price: The export offer price is the price at which a company agrees to…
Q: Please provide correct answer these accounting question
A: Step 1: Define Price-to-sales ratioAlso known as the P/S ratio indicates the market price per share…
Q: Question 5 Melissa has $90,000 in salary from her full-time position and $40,000 in net income in…
A: Melissa's self-employment income = $40,000 net income from consulting. full-time salary of $90,000…
Q: On July 3, the company paid 2 years of insurance premiums worth $2,000.00 to Farmers' Insurance Co.…
A: Explanation of Prepaid Insurance: Prepaid insurance is an asset account that represents the payment…
Q: Question: Your Company makes three products in a single facility. These products have the following…
A: Identify mixing time per unit and monthly demand for each product:Product A:Mixing minutes per unit…
Q: Accounting
A: Step 1: Define Price Earning RatioThe price earning ratio is an important financial ratio that is…
Q: Business Valuation Strategies vary by industry and are constantly changing. Use the keywords…
A: After searching the CSU Global Library database using the keywords 'business valuation method', an…
Q: Provide solution this accounting question ai answer not expected
A: Explanation: EBIT is calculated using the following equation:EBIT = [(Sale price per unit - Variable…
Q: Calculate the estimated loss
A: Explanation of Cost of Goods Available for Sale:The Cost of Goods Available for Sale represents the…
Q: Need answer the accounting question
A: Step 1: Define Variable CostThe total cost consists of the variable cost and the fixed cost where…
Q: Discuss the revenue recognition principle and its significance in financial accounting. What factors…
A: Explanation of Revenue Recognition Principle: The revenue recognition principle is a fundamental…
Q: Accounting Problem
A: Explanation of Pre-tax Income: Pre-tax income, also known as earnings before tax (EBT), represents a…
Q: Prblm
A: Explanation of Land Account: The land account in a company's balance sheet represents the cost of…
Q: Cost of goods sold___?
A: Explanation of Beginning Inventory: Beginning inventory is the value of goods available for sale at…
Q: Financial Accounting
A: Step 1: Define Standard costIt is an estimated cost that a company decides to produce goods and…
Q: gpl
A: Step 1: Calculate Total Units Available and Total Cost for Each Purchase:Beginning Inventory: 590…
Q: hd
A: Step 2-b: Prepare an Adjusted Trial BalanceTo prepare the adjusted trial balance, I would typically…
Q: give all full answeer
A: Question: 1 Answer 1. The vice president of the Information Systems Division of a bank.A financial…
Q: Need answer of this question
A: Explanation of Net Income: Net income, also known as net profit or earnings, is the total profit of…
Q: Determined primarily by?
A: The functional currency is the currency of the primary economic environment in which a company…
Q: After reading the case, you will choose one side to assist (you’ve been hired by Dave James OR…
A: In this scenario, we are hired by the Branson brothers to provide a business valuation of Dave…
Q: Solve this accounting problem not use ai
A: Step 1: Define BondsBonds are issued by companies for cash proceeds payable in the future, normally…
Q: Help
A: In pension accounting, actuarial gains and losses are: a) Recognized in other comprehensive income.…
Q: Need experts solution only, Don't use AI.
A: Step 1: Year 2020: Beginning balance: R384,000.10 Interest for 2020: R384,000.10×0.169911=R65,859.02…
Q: A delivery service recorded beginning petty cash of $500, received reimbursements of $1,200, and…
A: Calculation of Cash over or Short amount:(Beginning petty cash balance + reimbursement received -…
Q: Give me answer this Accounting MCQ
A: Explanation of Installment Method: The installment method is a specialized revenue recognition…
Q: Want answer
A: Explanation of Manufacturing Overhead (MOH): Manufacturing overhead refers to all indirect costs…
Q: Choose the correct Option
A: Explanation of Hyperinflationary Accounting: Hyperinflationary accounting is a specialized…
Q: No-Growth industries pays out all of its earnings as dividends.
A: Step 1: Calculate the Stock PriceSince the company is not growing, we can use the Dividend Discount…
Q: The beginning inventory was 500 units at a cost of $11 per unit. Goods available for sale during the…
A:
Q: Don't use AI.
A: Deduct the variable costs from the selling price to get the CM per unit. This should include the 1…
Q: ??
A: Explanation of Compilation Engagement:A compilation engagement is a type of service where an…
Q: financial account request
A: Step 1: Define Capital Gain: Capital gain is the profit earned by selling an asset. In practice, if…
Q: Cost Estimation, Interpretation, and Analysis Kendrick Anderson Furniture Maker, LLC creates custom…
A: Part (a)Using the high-low method to develop a cost-estimating equation for total manufacturing…
Q: General Accounting Question please answer
A: Given information:- Jan 1: Valuation Allowance for Trading Investments has a debit balance of…
Q: Why is a chart of accounts needed?
A: A Chart of Accounts (COA) is a list of all accounts used by a company in its accounting system. It…
Q: Need help with this question
A: Step 1: Define Cost-Volume-Profit AnalysisIn Cost-Volume-Profit (CVP) Analysis, the proper…
Assume a Co. Has the following available information about costs on this accounting question
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 + $5.15XPlease use excelCVP computations. Fill in the blanks for each of the following independent cases.
- In the equation Y = 200 + 0.8X, Y represents Question 54 options: a) Variable cost per unit of activity b) Activity level c) Total cost d) Fixed costK In the equation y = $7.20x + $250,250, O A. $250,250 are the total costs. OB. $250,250 are the total fixed costs. OC. $250,250 are the total overhead costs. OD. $250,250 are the total variable costs. 41. (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 X