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Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C=$80,000+ $12M Where: C = monthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $6,000 The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 50,000 cases Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,000 cases would be: A. $200,000 B. $140,000 C. $80,000 D. $120,000 E. Some amount other than those given above

Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C=$80,000+ $12M Where: C = monthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $6,000 The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 50,000 cases Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,000 cases would be: A. $200,000 B. $140,000 C. $80,000 D. $120,000 E. Some amount other than those given above

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C=$80,000+ $12M Where: C = monthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $6,000 The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 50,000 cases Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,000 cases would be: A. $200,000 B. $140,000 C. $80,000 D. $120,000 E. Some amount other than those given above
Transcribed Image Text:Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C=$80,000+ $12M Where: C = monthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $6,000 The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 50,000 cases Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,000 cases would be: A. $200,000 B. $140,000 C. $80,000 D. $120,000 E. Some amount other than those given above
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