I want correct answer Chesapeake Co. manufactures fine dining tables.During the most productive month of the year,3,500 tables were manufactured at a total cost of$84,400. In its slowest month, the company made1,100 tables at a cost of $46,000. Using the high-low method of cost estimation, What is the totalfixed costs in August for Chesapeake?

To estimate the total fixed costs for Chesapeake Co. in August, we can apply the high-low cost…

Answered: Chesapeake Co. manufactures fine dining…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1PB: Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven...

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SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 543,000 + 1.34X, where X equals number of smokers. Last year, SmokeCity produced 20,000 smokers. Actual overhead costs for the year were as expected. Required: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? 5. What is the overhead cost per unit produced? 6. What is the fixed overhead cost per unit? 7. What is the variable overhead cost per unit? 8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 19,500 units and (b) 21,600 units. (Round your answers to the nearest cent.) Explain this outcome.
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Chesapeake Co. manufactures fine dining tables. During the most productive month of the year, 3,500 tables were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 tables at a cost of $46,000. Using the high- low method of cost estimation, What is the total fixed costs in August for Chesapeake?
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What is the cost of the goods transferred out during February? (Round intermediary calculations to the nearest cent.) Why are we using the 25% Completed for CC beg WIP vs the 75% completed during the month?
Juan Company considers repairs and maintenance (R&M) to be a mixed cost. Over the past five months they've had the following R&M costs: Month Units Produced Total R&M cost February 400 $5, 680 March 350 $4, 800 April 870 $6, 900 May 300 $4, 890 June 800 $7,350 Using the High-Low method calculate the expected cost of R&M for July assuming they expect 1,000 units to be produced
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