Given the following costs and activities for Dance Company, use the high-low method to calculate Dance's variable electrical costs per machine hour. Costs Machine Hours August $11,700 15,000 September 13,200 17,500 October 11,400 14,500
Q: General Accounting
A: Step 1: Calculation of total estimated manufacturing overheadsTotal Estimated Manufacturing Overhead…
Q: The magnitude of operating leverage for Roshan Enterprises is 3.2 when sales are $200,000 and net…
A: Explanation of Operating Leverage: Operating leverage is a measure of how a company's operating…
Q: 5 PTS
A: Explanation of Direct Costs: Direct costs are expenses that can be directly traced to the production…
Q: None
A: 1. Find the Due DateThe deposit was made on October 1 for 60 days.October has 31 days, so after 31…
Q: Correct answer general accounting? ?
A: Step 1: Define Dividends PaidDividends are the portion of a company's net income distributed to…
Q: What is the rate of pay ?? General accounting
A: Step 1: Define Hourly RateThe hourly rate is the amount an employee earns per hour, calculated by…
Q: Calculate the profit margin
A: Step 1: Definition of Profit Margin and Asset TurnoverDefinition of Profit MarginProfit Margin is a…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of DuPont FormulaThe DuPont Formula is a method used to analyze the return on…
Q: help me to solve this questions
A: Approach to solving the question:Please see attached photo for detailed solutions. Thank you.…
Q: Please solve this general accounting questions
A: To determine total assets, we sum up all the asset accounts. Based on the given information, the…
Q: Financial accounting rom spring net income last was 275.60 million
A: Step 1: Formulas Price-earnings ratio = Share price/Earnings per shareEarnings per share = Net…
Q: Predetermined manufacturing overhead rate
A: Explanation of Predetermined Overhead Rate (POHR):The Predetermined Overhead Rate (POHR) is used to…
Q: No AI ANSWER
A: Part (a): Calculation of Manufacturing Direct Labor Price VarianceManufacturing Direct Labor Price…
Q: Please help me this question general accounting
A: Step 1: Definition of Market Value RatiosMarket value ratios assess a company's financial…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Net SalesNet sales represent the total revenue from sales after deducting…
Q: What is the book value at December 31?
A: Explanation of Straight-Line Depreciation Method: Straight-line depreciation is the simplest and…
Q: Need help
A: Explanation of Variable Costs: Variable costs are expenses that change in direct proportion to the…
Q: Subject: general accounting
A: Explanation of Return on Assets (ROA): Return on Assets is a crucial financial ratio that measures…
Q: Gest Inc. has provided the following data for the month of November
A: Calculation of Unadjusted Cost of Goods SoldUnadjusted Cost of Goods Sold = Cost of Manufacturing +…
Q: BNM's total equity Is
A: Step 1: Recall the accounting equation.Assets = Liabilities + EquityWe can rearrange this basic…
Q: The predetermined manufacturing overhead rate per direct labor hour is?
A: Calculation of Manufacturing OverheadManufacturing Overhead = Salary of Factory Supervisor + Heating…
Q: What is the total cost of the inventory of this financial accounting question?
A: Step 1: Definition of Inventory Cost Under FOB Shipping PointThe total cost of inventory includes…
Q: Can you please solve this questions
A: Given the question is related to the concept of the real rate of interest. The real rate of interest…
Q: Please need help with this financial accounting question
A: Step 1: Definition of Conversion ValueThe conversion value of a convertible bond represents the…
Q: What was the direct labor cost variance?
A: Concept of Direct Labor Cost VarianceDirect Labor Cost Variance is the difference between the actual…
Q: Need correct answer general Accounting
A: Step 1: Define ROA and ROEReturn on Assets (ROA) measures how efficiently a company generates profit…
Q: Answer this MCQ
A: To calculate the degree of operating leverage, we can use the following formula:Degree of Operating…
Q: Find the proceeds
A: Given data:Face Value (FV) = $9,440Discount Rate (r) = 9.5% = 0.095 (converted to decimal)Time (t) =…
Q: solve this problems general accounting
A: Step 1: Define Return on Total Assets (ROA)Return on Total Assets (ROA) measures how efficiently a…
Q: Winston Company manufactures a single product, the BXQY. The standards for materials for each unit…
A: Step 1: Formula Material price variance = Actual quantity used x (Actual price - Standard price)…
Q: BC VERSO gal polica 9 € ABC 4. 140×240 cm GARDE HY16-01 • Vrtni luk materijal: čelik i plastika za…
A: Additional Observations:Gardening Tools (Visible Above the Garden Arch Section):Two floral-patterned…
Q: help mi answer
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a percentage…
Q: Provide correct solution and accounting
A: Step 1: Define Debt RatioThe debt ratio is the ratio of total debt relative to the total assets. The…
Q: Hi expert please help me this question general accounting
A: Step 1: Definition of Factory overheadThe total indirect costs such as materials, labor, and other…
Q: What is income under full costing?
A: Step 1: Define Full CostingFull costing is also known as absorption costing and it is a method of…
Q: General accounting
A: Step 1: Definition of Absorption CostingAbsorption costing is a method where all manufacturing costs…
Q: Module 5 Discussion How can variable costing be used for decision making in a a. manufacturing…
A: Variable Costing First, let's recap what variable costing is. It's a costing method where only…
Q: How much is total sales to achieve a net income of $140,000 ?
A: Step 1: Define Profit Volume ratioThe profit volume (P/V) ratio shows the amount of profit or…
Q: What is the company's plantwide overhead rate?
A: Explanation of Overhead Costs: Overhead costs are indirect costs that a company incurs to support…
Q: SUBJECT ACCOUNTING
A: Explanation of Percent Markup Based on Selling Price:Percent Markup Based on Selling Price is a…
Q: Hi expert please help me
A: Step 1: Definition of Break-even PointThe break-even point is the level of sales at which total…
Q: hello tutor please help me financials accounting
A: Step 1: Definition of High-Low MethodThe High-Low Method is used to determine variable and fixed…
Q: General accounting
A: Step 1: Definition of Depreciation (Units of Production Method)Depreciation expense is the…
Q: Sarah martinez weekly gross earning for the solve this question general Accounting
A: Step 1: Define Net PayNet pay is the amount an employee receives after all deductions, including…
Q: Seaside Manufacturing Inc
A: Concept of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a standard rate used…
Q: Hello tutor please help me this question general accounting
A: Data:PBO on January 1st: $241,000PBO on December 31st: $279,000Pension Plan Assets (Fair Value) on…
Q: What is its average inventory?
A: Step 1: Define Inventory Turnover ratioThe inventory turnover ratio measures a firm's competency to…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Total AssetsTotal assets represent the sum of all economic resources owned by…
Q: Provide correct solution and accounting
A: Step 1: Define Under-Applied OverheadWhen the actual overhead costs are greater than the applied…
Q: Provide accurate answer
A: Step 1: Contribution Margin can be calculated by subtracting the total variable expenses from the…
answer plz
Step by step
Solved in 2 steps
- Given the following costs and activities for Alpha Manufacturing, use the high-low method to calculate Alpha's variable electrical costs per machine hour. • March: Cost = $9,800, Machine Hours = 12,500 . = April: Cost $11,200, Machine Hours = 15,400 = May: Cost $10,500, Machine Hours = 13,900Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hoursUse 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 $
- Harbor Images has collected the following cost data for various levels of activity: Images Created Total Cost $5,700 $6,320 $9,210 $5,250 Month 6,000 7,750 8,100 4,500 August September October November a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.) Variable Cost Per Image Fixed Cost Per Month b. Estimate the total costs when 6,500 images are created. (Do not round your intermediate calculations.) Total CostsAssume a company's activity-based costing system Includes three activities. The following Information is avallable with respect to those activitles: Estimated Overhead Activity Cost Pol Travel Cost Expected Activity $ 150,000 $ 110,000 $ 220,000 100.000 miles driven Deliverles 2,200 customer deliverles Customer service 10,000 phone calls What is the activity rate for the Travel activity? Multiple Choice $1.50 per mile driven $15.00 per mile driven $0.15 per mile driven $1.15 per mile drivenDhapa
- Calculate the overhead allocated to each customer using the simple costing method. (Round your answers to the nearest whole dollar.Rex Industries has identified three different activities as cost drivers: machine setups, machine hours, and inspections. The overhead and estimated usage are: Rex Industries data Activity Machine setups Machine hours Inspections Overhead per Activity $155,000 352,800 120,750 Annual Usage 4,000 14,112 3,500 Overhead Rate per Activity $ Complete the chart and compute the overhead rate for each activity. Round to the nearest penny, two decimal places.in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023
- Conlon Enterprises reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used Setups $ 395 per run 450 runs Clerical 35 per run 3,000 pages typed Resources supplied Setups $181,200 Clerical 113,900 Sales revenue totaled $340,000. Required: Prepare an activity-based income statement. Activity-Based Income Statement Resources Used Unused Resource Capacity Resources Supplied Sales revenue _____________…please helpOcean Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 Fixed marketing expenses totaled $12,000 and fixed administrative expenses totaled $32,000. The price per calendar is $15. What is the contribution margin per unit?