Pizza Vesuvio makes specialty Month Labor Cost ($) January 9,790 February 7,300 7,831 March April May June July August 8,440 10,087 8,790 13,542 7,800 Cost, Calculate the Variable Rate, and Construct a Cost Function pizzas. Data for the past 8 months were collected: Employee Hours 530 620 660 490 570 450 740 410 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable rate per employee hour to the nearest cent. If required, round your final answers to the nearest cent. Required: 1. Using the high-low method, calculate the variable rate. 6,200 X per employee hour 2. Using the high-low method, calculate the fixed cost of labor.

Pizza Vesuvio makes specialty Month Labor Cost ($) January 9,790 February 7,300 7,831 March April May June July August 8,440 10,087 8,790 13,542 7,800 Cost, Calculate the Variable Rate, and Construct a Cost Function pizzas. Data for the past 8 months were collected: Employee Hours 530 620 660 490 570 450 740 410 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable rate per employee hour to the nearest cent. If required, round your final answers to the nearest cent. Required: 1. Using the high-low method, calculate the variable rate. 6,200 X per employee hour 2. Using the high-low method, calculate the fixed cost of labor.

Name: 4 -Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: 4 -Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost FunctionPizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:Month Labor Cost ($)Employee HoursJanuaryFebruaryMarchAprilMayJuneJul

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

4. What is Multicollinearity? a. What are the consequences of multicollinearity?
what are the solutions for questions 4 & 5?
3. What is the NAV?
Could you please answer question 4 and 5?
But why? for number 3
How do I solve this
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
question G and f.
6 The main difference between US GAAP and IFRS is?
Question 4 Listen Which of the following points are on the unit circle? Select all that apply. A (--) B (33.3) C 12 (1/13. 31/3)