At an activity level of 5,500 units, the cost for maintenance is $6,800; at 9,500 units, the cost for maintenance is $10,600. Using the high-low method, what is the cost formula for maintenance?
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- 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 (nearest peso) e.g. 1405.688888, Type 1406 3.Provide answerWhat is the cost behavior type if the total cost is $60,000 at activity level of 6,000 hours, and $80,000 at 9,000 hours? Why?
- Required: 1. Using the five most expensive activities, calculate the overhead cost assigned to each prod-uct. Assume that the costs of the other activities are assigned in proportion to the cost of the five activities.2. Calculate the error relative to the fully specified ABC product cost and comment on the outcome.3. What if activities 1, 2, 5, and 8 each had a cost of $650,000 and the remaining activities hada cost of $50,000? Calculate the cost assigned to Wafer A by a fully specified ABC systemand then by an approximately relevant ABC approach. Comment on the implications forthe approximately relevant approach.For each total fixed cost listed below, determine the fixed cost per unit when sales are 35, 70, and 140 units. $ Store rent Manager's salary Equipment lease Depreciation on fixtures Total Fixed Cost Store rent Begin by calculating the fixed cost per unit for each of the fixed costs listed, and the total fixed cost per unit when sales are 35 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 70 and 140 units, respectively. (Round all amounts to the nearest cent.) Manager's salary Equipment lease Depreciation on fixtures Total fixed cost per unit 4,200 1,050 350 175 $ ww. 4,200 1,050 350 175 Fixed Cost per Unit at 35 UnitsThe cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express the companys maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs. Predict the maintenance costs i190,000 gallons of paint are produced. Predict the maintenance costs if 81,000 gallons of paint are produced. Using Excel, create a scatter graph of the cost data and explain the relationship between gallons of paint produced and equipment maintenance expenses.
- An analysis of past janitorial costs indicates that the average janitorial cost is P1.50 per machine hour at an activity level of 40,000 machine hours and P1.20 per machine hour at an activity level of 50,000 machine hours. Assuming that this activity is within the relevant range, what is the total expected janitorial cost if the activity level is 45,000 machine hours?Which of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.Provide Answer
- Use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent. Total Activity Cost Activity Cost Per Unit 66,810 ✓ 37,403 X 220.50 X 184.25 ✓ Elliptical machines Treadmill $Provide correct solutionMaxwell Company has a total expense per unit of $2.00 per unit at the 16,000-unit level of activity, and a total expense per unit of $1.95 at the 21,000-unit level of activity. What is the best estimate of the total fixed cost for Maxwell Company? Multiple Choice: a) 32,000 b) 40,950 c) 3,360 d) 29,190
