← Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. (Click the icon to view the maintenance costs.) Using the high-low method, what is the total maintenance costs at Red Dot Manufacturing if 18,000 machine hours were used? OA. $7,875 OB. $15,660 OC. $10,175 OD. $9,950 Maintenance costs Month January February March April May June Maintenance cost $9,500 $9,860 $8,600 $8,840 $8,600 $8,100 Print Done Machine hours 15,800 17,300 14,500 16,100 17,100 15,500 - X Remaining: 01.

← Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. (Click the icon to view the maintenance costs.) Using the high-low method, what is the total maintenance costs at Red Dot Manufacturing if 18,000 machine hours were used? OA. $7,875 OB. $15,660 OC. $10,175 OD. $9,950 Maintenance costs Month January February March April May June Maintenance cost $9,500 $9,860 $8,600 $8,840 $8,600 $8,100 Print Done Machine hours 15,800 17,300 14,500 16,100 17,100 15,500 - X Remaining: 01.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following information is available for a company’s maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Month Units Produced Maintenance CostJune . . . . . . . . . . . . . . . 90 $5,450 July . . . . . . . . . . . . . . . . 180 6,900 August . . . . . . . . . . . . . 120 5,100 September . . . . . . . . . . 150 6,000 October . . . . . . . . . . . . 210 6,900 November . . . . . . . . . . 240 8,100 December . . . . . . . . . . . 60 3,600
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) 24,000 $ 282,400 Slowest month (December) 18,000 $ 220,000 If Macon expects to use 20,000 machine hours next month, what are the estimated direct labor costs?
Please show calculations
Robin Inc. provides the following manufacturing costs for the Third quarter of the year in the table below. Manufacturing Costs for the Third Quarter Months Production in Units Total Costs July 3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the variable costs per unit. (Round intermediate calculations and your final answer to two decimal places.) Group of answer choices $14.37 $13.07 $7.25 $15.67
At high level of activity in November, 8000 machine hours were run and power cost were $18,00. In April, a month of low activity, 2000 machine hours were run and power cost amounted to $9,000. Using the high-low method, the estimated fixed cost element of power cost is.
Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost Units Produced $47,149 19,420 July 51,792 34,528 August 59,345 38,844 September 48,150 23,738 October 80,385 43,160 November 66,898 41,002 December Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, eg. 2.25.) Variable cost per unit $ Compute the fixed cost elements using the high-low method Fixed costs $ lhp 19 m ho K4 ins prt sc delet 6 7 backde
The manufacturing costs of Mocha Industries for three months of the year are as follows: April May June Total Cost $54,546 57,092 61,082 Production 1,670 Units 2,340 3,390 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit b. Using the high-low method, determine the total fixed costs. $
Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Direct materials, ? ounces at $2.80 per ounce Direct labor, 0.4 hours at ? per hour Overhead, 0.4 hours at ? per hour Total costs $ per device ? per device per device $ 30 per device Assume that the following data appeared in Copland's records at the end of the past month: Actual production Actual sales Materials costs (505,000 ounces) Materials price variance Materials efficiency variance Direct labor price variance Direct labor (37,500 hours) Overapplied overhead (total) There are no materials Inventories. Required: 96,000 units 90,000 units $ ? 63,000 U 70,000 U 18,750 F 918,750 25,200 a. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $25,200 overapplied is the only overhead varlance that can be computed. What are the actual and applied overhead amounts? c. Complete the…
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $114,550 2,140 Units May 121,000 3,000 June 131,050 4,340 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$ fill in the blank 1 per unit b. Using the high-low method, determine the total fixed costs.$ fill in the blank 2
The following costs were incurred in February: Direct materials = PhP2,150,000 Direct labor = PhP800,000 Manufacturing overhead = PhP1,850,000 Selling expense = PhP850,000 Administrative pense=PhP1,300,000 What is the conversion costs during the month? Show the solution.