MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable cost $$2,6303,4003,950d4,5103,5305,355eTextbook and MediaTotalMachine Hours2,8504,0506,4007,900Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)5,5008,300per machine hourDetermine the fixed cost component using the high-low method.

Name: MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable c
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Description: MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable cost $$2,6303,4003,950d4,5103,5305,355eTextbook and MediaTotalMachine Hours2,8504,0506,4007,900Determine the variable-cost component using the high-low method. (Round answer to 2 de

High-low Method is a method wherein Variable cost per unit is calculated by comparing the Highest…

Business

Accounting

Month Maintenance Costs January February March April May June Variable cost $2,630 3,400 3,950 $ 4,510 3,530 5,355 Machine Hours Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) 2,850 4,050 6,400 7,900 5,500 8,300 per machine hour

Month Maintenance Costs January February March April May June Variable cost $2,630 3,400 3,950 $ 4,510 3,530 5,355 Machine Hours Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) 2,850 4,050 6,400 7,900 5,500 8,300 per machine hour

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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esc ! 1 Cullumber Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Q A L January February March ← April N Miles Driven Fixed cost 2 W Variable cost $ Save for Later → S 12,800 Compute the variable and fixed cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.) #3 X 10,800 H option command 11,800 9,800 $ E с D $ Total Cost $30,920 4 27,380 C 28,120 26,000 R F er oo G Search or type URL % 5 per mile V T MacBook Pro G ^ 6 Y B & 7 H U N * 00 8 J Attempts: 0 of 1 used 1 M + ( - 9 K 0 . : i t { [ command option + 11 21 1
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For each of the following independent cases (A to E), compute the missing values in the table: Case 4 B ola C D E Prime Cost $ 9,520 17,540 55,500 32,450 32,600 Conversion Cost $ Answer is complete but not entirely correct. Direct Labor 110,000 48,350 37,200 Direct Materials 16,440 32,190 * 10,000 $ 4,070 $ 5,510 7,340 42,400 13,100 20,400 11,750 18,800 13,100 Manufacturing Overhead S Total Manufacturing Cost 10,990 s 25,100 98,200 35,500 24,100 20,370 42,440 154 68,750 56,400
ok t For each of the following independent cases (A to E), compute the missing values in the table: Case A C D E Prime Conversion Cost Cost $ 9,560 $ 16,470 $ 57,300 110,600 48,750 Direct Materials 3,950 10,130 41,500 20,500 Direct Manufacturing Labor Overhead 7,400 12,650 14,400 $ 10,860 25,200 24,300 Total Manufacturing Cost 42,730 69,250 57,500
Determine the missing amounts. (Round percentages to O decimal places, e.g. 52%.) Unit Selling Price 1. 2. 3. $ Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio $610 $325 $920 $ SA eTextbook and Media +A $310 $741 39
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Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
Costs of manufactured are 958000 OMR, Prime cost is 736000 OMR, and Factory overheads are 12 % of prime cost, Calculate cost of production Select one: O a. None of these O b.824320 OMR O c. 692350 OMR O d. 891950 OMR s page Next page Buss 104-2 03-05-21 10:40-11:40 0 SS 104 Jump to...
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Current Attempt in Progress Determine the missing amounts. (Rod answers to O decimal places, eg. 5,275.) 2 3. $ Unit Selling Price $1,450 $1,760 $ Unit Variable Costs $900 Unit Contribution Margin $ $630 $1,050 Contribution Margin Ratio % % 30 %