J Company uses the high-low method to predict monthly overhead costs. The following were May and September cost and activity results: May OH Cost Production $9,398 2,700 September $14,897 5,050 to be fixed If December production is expected to be 3,900 units, what are the expected total fixed overhead costs in December?

J Company uses the high-low method to predict monthly overhead costs. The following were May and September cost and activity results: May OH Cost Production $9,398 2,700 September $14,897 5,050 to be fixed If December production is expected to be 3,900 units, what are the expected total fixed overhead costs in December?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...

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Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at 32 each. Kallings controller provided the following information for the coming year: Required: 1. Calculate the cost of one unit of product under absorption costing. 2. Calculate the cost of one unit of product under variable costing. 3. Calculate operating income under absorption costing for next year. 4. Calculate operating income under variable costing for next year.
Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
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Could you please answer all the reuired fields correctly.
What are the estimated direct labor costs