Please given answer general accounting Identify the choice that best completes the statement or answers the question:6. Retleb Manufacturing Company noticed that, during its busiest month of2014, maintenance costs totaled $15,400, resulting from the production of32,000 units. During its slowest month, $12,600 in maintenance costs wereincurred, resulting from the production of 24,000 units. Use the high-lowmethod to estimate the maintenance cost that he company will incur if itproduces 20,000 units.a. $7,000b. $11,200c. $8,400d. $2,800

Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…

Answered: Identify the choice that best completes…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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Maxwell manufacturing has collected the following solve this general accounting question
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The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. O b. Total maintenance costs will be $1,182,000. Oc. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. e. Total maintenance costs will be $1,247,000. Clear my choice tion 23 Maintenance costs at a Tierce Corporation factory are listed below: yet vered Machine-Hours 3,658 Maintenance Cost $52,986 nts out of January February 3,613 $52,580 3,607 3,614 March $52,504 Flag April S52,585 w MacBook Air 20 >> F4 F5 F6 F7 F8 F9 F10 % & 4. 7 8 9. Y U R.
The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Busiest month (June) Slowest (December) Machine Direct Labor Hours Costs 14,750 $770,000 month 9,750 $620,000 If Shapely expects to use 12,000 machine hours next month, what are the estimated direct labor costs? A) $687,500 B) $1,008,260 C) $510,000 D) $400,969.
Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
What is the fixed overhead cost per unit on these financial accounting question?
Pharoah Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,700 $43,397 August 38,560 57,840 September 43,380 66,275 October 26,510 45,790 November 48,200 89,772 December 45,790 74,710
The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours Direct Labor Costs Busiest month (June) 17,500 $ 229,022 Slowest month (December) 10,200 $ 155,000 If Macon expects to use 13,500 machine hours next month, what are the estimated direct labor costs?
2. Gemini is having trouble understanding its manufacturing overhead costs. A couple of years ago, management used the conference method and determined that the its monthly manufacturing overhead costs consisted of $10,000 plus $50 for every machine hour. The actual costs and those based on the conference method were significantly different from each other the last few months. Management has asked you to analyze its costs to better predict manufacturing overhead costs. Management has the following data from the past year for you. Manufacturing Month Machine Hours Overhead Costs 1 1,200 $74,000 2 1,000 70,000 1,400 82,000 4 1,700 86,000 1,650 87,500 6 1,800 87,000 1,900 92,000 8 1,800 90,000 9. 2,000 98,000 10 3,000 130,000 11 2,200 102,000 12 2,600 109,000 1. Use the High-Low method and estimate the linear cost relationship for manufacturing overhead costs. 2. Compare the predicted costs for months 11 and 12 using your cost relationship to that previously used. Which is better and why?…
Buckeye Company has provided the following data for maintenance costs: Prior Year Current Year Machine hours 19,100 22,200 Maintenance cost $30,500 $34,220 Required: The best estimate of the cost formula for maintenance would be: (Do not round intermediate calculations. Round your Variable cost per unit to 2 decimal places.) a) $7,580 per year plus $.833 per machine hour. b) $26,640 per year plus $.833 per machine hour. c) $7,580 per year plus $1.20 per machine hour. d) $30,500 per year plus $1.20 per machine hour.
Can you please answer the accounting question?
30. Tim Horton, an accountant for Brent, Inc., has decided to estimate the fixed and variable components associated with the company’s repair activity. She has collected the following data for the past six months. Estimate the fixed and variable components for the repair costs using the high-low method. Using the cost formula, predict the total cost of repair if 14 hours are used.

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