Katlego Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April R15,000 800 May 10,000 600 June 12,000 770 July 16,000 1000 Using the high-low method, calculate the variable rate for the lease cost. a. R25 b. R15 c. R65 d. R59

Katlego Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April R15,000 800 May 10,000 600 June 12,000 770 July 16,000 1000 Using the high-low method, calculate the variable rate for the lease cost. a. R25 b. R15 c. R65 d. R59

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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m/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false O eBook Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $80,910 in March and rose to $94,090 in April, It costs Western Trucking $0.15 per mile in variable costs. In March, the delivery trucks were driven a total of 87,000 miles, and in Apnil, they were driven a total of 97,000 miles. Using this information, answer the following: A. What were the total costs to operate the fleet in March and April, respectively? March April Total cost s B. What were the cost per mile to operate the fleet in March and April, respectively? If required, round your answers to nearest cent. March April Cost per mile s Previous Next Check My Work Email Instructor Seve and E Submit Assignment for Grading
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Al-Firdaus Co. had the following information during 2019: Total Paint Costs R.O. 27,000 Month Factory Machine Hours January 15,900 February 24,200 17,400 March 24,300 16,600 April 27,100 15,600 May 24,400 17,600 June 27,200 16,400 Using the High-Low method, the total fixed costs is: Select one: О а. 600 O b. 800 O . None of the answers are correct O d. 1,200 O e. 1,600
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A manufacturing plant wishes to buy a new equipment so the purchasing department did some research on different types of this equipment. In the monthly meeting, the purchasing department presented a report about the two types of equipment that they have found. Pertinent data are as follows: Турe A Туре В First cost P250,000 P350,000 Annual operating cost 30,000 22,000 Annual labor cost 52,000 34,000 Insurance and property taxes 3% 3% Labor/Payroll taxes 4% 4% Estimated life 10 10 If the minimum required rate of return is 18%, 1. What is the annual worth of Type A? [ Select ] 2. What is the annual worth of Type B? [Select ] 3. Which machine should be selected?[ Select ]
Are the fixed costs as well as the 'other variable costs" included in the calculations of total overhead?
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9. 3. exercise )uagement. Problem 1 Rosanna Di Magiba Ltd recorded the following costs for the past six months: Using High-Low Method and Least Square Method. Month Total cost Activity level Units (000) K'000 1 40 6,586 30 5,826 36 6,282 4 38 6,396 42 6,700 33 6,052 Required: a. Estimate the fixed cost per month b. Estimate the total costs for the following activity levels in a month 75units 90 units Problem 2 Meng Company is preparing a flexible budget for the next year and requir
Subject: Acounting
Howard Cooper, the president of Walton Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal Year 1: Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost Expected fixed costs. Facility maintenance Selling, general, and administrative $ 65.00 30.00 5.65 3.40 $ 316,000 120,000 Required: a. Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 29,000 hours of services in Year 1. b. A marketing consultant suggests to Mr. Cooper that the service rate may affect the number of service hours that the firm can achieve. According to the consultant's analysis, if Walton charges customers $60 per hour, the firm can achieve 34,000 hours of services. Prepare a flexible budget using the consultant's assumption. c. The same…