Using the table , determine whether there is a cumulative cost overrun or underrun by the following months:Month 2Month 6 Below is a table showing the total budgeted cost (TBC) vs total actualcosts (TAC) in thousands over the 12 months period so far.Month7105 100 1201TBC 100TAC100234 56150 50 60 100 1258 9 10 11 12115 110 100160 45 55 90 125 105 100 121 112 110 100

Answered: Below is a table showing the total…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Random Inc. Cost data for the last 3 years Overhead Costs Units Produced January-17 February-17 $78,000 Use regression and show the equation used for Random to separate overhead into fixed and variable components. How much of the change in costs will this equation predict? 5,679 $91,000 $100,000 6,751 7,539 March-17 April-17 Мay-17 June-17 $78,000 $89,000 5,335 What is the variable cost per unit for overhead? Round to the nearest cent 6,480 $93,000 $87,000 $94,000 June-17 7,630 What is the fixed overhead cost per month? Round to the nearest dollar July-17 August-17 September-17 October-17 6,331 7 998 7,998 5 043 5,943 Random analyzes their other costs and finds the following (in addition to the overhead costs above): Direct Mat $81,000 $85,000 $104,500 $104,000 Each unit of inventory uses 2 gallons of materials and each gallon costs $3 On average a worker can produce 16 units of product in an 8 hour shift and gets paid $180 for that shift Each month Random spends $26,500 on selling and…
4
The data below relates to SunRise for January and February of the current year. January February Maintenance hours 4,000 5,000 Maintenance cost $70,000 $80,000 January and February were the lowest and highest activity levels respectively and SunRise uses the high-low method to analyze cost behaviour. Which of the following statement is true? Multiple Choice The fixed maintenance cost is $40,000 per month The variable maintenance costs is $12 per hour The variable maintenance cost is $18 per hour The fixed maintenance cost is $30,000 per month The variable maintenance cost is $16 per hour
give the classification of the following: Cost B, Cost D and Cost E
Question 3 DRS Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour Standard hours (SH) allowed per unit Actual production in units Actual variable overhead costs | Actual direct labor hours RM3.75 4 15,000 RM222,816 57,200 a) Calculate the standard direct labor hours for actual production. b) Calculate the applied variable overhead. c) Calculate the total variable overhead variance.
Part 1 The total costs and output volume of Example Ltd for the preceding six months are given in the following table: Month Output volume Total costs October 85,000 685,000 November 80,000 700,000 December 75,000 715,000 January 65,000 655,000 February 55,000 640,000 March 75,000 730,000 Required: Use the high-low method to express the cost function for the total monthly costs. The output volume expected to be produced in April is 60,000 units. Estimate the total cost in April. Explain whether you will use this cost function to predict the total costs for 82,000 units.
Discuss two advantages and two disadvantages of a standard costing system in which the standarddirect labor rates per hour are not changed during the year to reflect events such as a new laborcontract.
Please give correct answer for this question
1001. Question 36 In applying the high-low method, data from which months should be used? Month Total Cost May June July Aug Miles 51,000 $119,000 50,000 120,000 70,000 141,000 90,000 195,000 O June and August O June and July O May and June O May and August
7. The following labor standards have been established for a particular product: Standard labor-hours per unit of output ... Standard labor rate... 5.0 hours RM18.25 per hour The following data pertain to operations concerning the product for the last month: 9,800 hours RM176,400 1,900 units Actual hours worked . Actual total labor cost.. Actual output .... + What is the labor efficiency variance for the month? A) RM3,025 U RM5,400 U B) C) RM3,025 F D) RM5,475 U
Cost Classification Discussion Question The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity (Units Produced) July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 Determine the variable cost per unit and the fixed cost using the high-low method. What is the equation of the total mixed cost function? Based on the High-Low method, what is the total production costs if 6,500 units are produced? Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent…
QUESTION 2 A factory's records show the following costs and outputs for the last five months: Month |January February March Cost (£) 17,125 Output 650 17,800 940 April May 18,650 17,980 18,760 1,260 990 1,150 Using the High - Low method to calculate, what wouid the cost be of producing 1,000 units? O a. E15,500.00 Ob.E17,958.40 Oc £18,000.00 d. E18,269.50

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Below is a table showing the total budgeted cost (TBC) vs total actual costs (TAC) in thousands over the 12 months period so far. Month 1 2 3 4 5 6 7 TBC 100 150 50 60 100 125 105 TAC 100 8 9 10 11 12 100 120 115 110 100 160 45 55 90 125 105 100 121 112 110 100