Calculate the variable rate using the High Low method of measuring cost function. January Cost of electricity 55,000 machine hours $80,450 Low capacity September 30,000 machine hours Cost of electricity $64,200
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Calculate the variable rate
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- Machine maintenance 150,000 EGP, if you know rate of maintenance = EGP 0.15 (Number of labors hours). calculate the variable and fixed costGiven the following costs and activities for Downing Company electrical costs, use the high-low method to calculate Downing’s variable electrical costs per machine hour.Machine maintenance 150,000 EGP, if you know rate of maintenance = EGP 0.15 (Number of labors hours = 942,200 hours). calculate the variable and fixed cost
- The following 6 months of data were collected on electricity cost and the number of machine hours in a factory. Electricity Machine Month cost hours June $25,160 4,500 July 26,170 4,810 August 27,250 5,120 September 26,680 5,010 October 27,950 5,430 November 27,500 5,190 An independent variable value used in calculating the cost line using the high-low method is: a. $27,950 b. 5,430 c. $25,160 d. 4,000The controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,620 230 February 3,010 370 March 3,590 460 April 4,770 695 May 3,240 400 June 4,850 790 July 4,100 620 August 3,850 550 September 5,110 680 October 4,300 620 November 3,310 370 December 9,000 810 (a) Determine the fixed costs and unit variable costs using the high-low method. Total fixed costs $enter a dollar amount Variable cost per machine hourWhat is the estimated fixed cost element of power costs?
- Assume that a company has the following data for one of its manufacturing cells: Theoretical velocity – 40 units per hour; Productive minutes available (per year) – 1,200,000; Annual conversion costs - $4,800,000; and Actual velocity – 30 units per hour. choose the correct letter of answer Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute.a.$6b.$8c.$7d.$3 calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute.a.$6b.$8c.$7d.$3What is the estimated fixed cost element of power costs ???The controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,620 230 February 3,010 370 March 3,590 460 April 4,770 695 May 3,240 400 June 4,850 790 July 4,100 620 August 3,850 550 September 5,110 680 October 4,300 620 November 3,310 370 December 9,000 810 What electricity cost does the cost equation estimate for a level of activity of 790 machine hours? Electricity cost $enter the electricity cost in dollars By what amount does this differ from June’s observed cost for 790 machine hours? Amount differ
- The controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs. TotalElectricity Costs TotalMachine Hours January $2,620 230 February 3,010 370 March 3,590 460 April 4,770 695 May 3,240 400 June 4,850 790 July 4,100 620 August 3,850 550 September 5,110 680 October 4,300 620 November 3,310 370 December 9,000 810 What electricity cost does the cost equation estimate for a level of activity of 460 machine hours? Electricity cost $enter the electricity cost in dollars By what amount does this differ from March’s observed cost for 460 machine hours? Amount differ $enter a dollar amountUsing the high-low method, the variable rate is calculated to be $3.00 per machine hour: (S27,950 – $25,160)/(5,430 - 4,500) = $3.00. Using the high-low method, the fixed cost of electricity is calculated to be $11,660: $27,950 - (S3.00 × 5,430) = %3D S11,660. Using this information, construct a Cost Equation for electricity. Explain each element of the equation. Using this equation, estimate the total electricity cost for December, given that the estimated number of machine hours in December will be 5,300. 9. Pate Company is evaluating a project requiring an initial capital expenditure of $806,250. The project has an estimated life of 4 years and no salvage value. The yearly estimated net income and net cash flow from the project is as follows Year Net Cash Flow/Income 0. (806,250) 575,00 502,000 3 409,500 350,500 The company's minimum desired rate of return (cost of capital) is 12% REQUIRED: Calculate the following: (A) Payback Period; (B) Accounting Rate of Return; (C) Present Value…Gadubhai
