Jerm 7 Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2022 is as follows: January February March Machine Hours 4,375 2,500 5,000 Electricity Expense P 39.375 25,000 44.500 Requirements: 1. Compute the variable rate per machine hour. 2. Compute the fixed portion of Jem 7's electricity expense. 3. Compute the total manufacturing costs if Jem 7's actual machine hours used is 4,500.

Jerm 7 Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2022 is as follows: January February March Machine Hours 4,375 2,500 5,000 Electricity Expense P 39.375 25,000 44.500 Requirements: 1. Compute the variable rate per machine hour. 2. Compute the fixed portion of Jem 7's electricity expense. 3. Compute the total manufacturing costs if Jem 7's actual machine hours used is 4,500.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...

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Problem 9 Johnson Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2009 is as follows: Machine Hours Electricity Expense January February March 3,500 2,000 4,000 31,500 20,000 35,600 Requirements: 1. Compute the variable rate per machine hour. 2. Compute the fixed portion of Johnson's electricity expense. 3. Compute the total manufacturing costs if Johnson's actual machine hours used is 4,500.
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QUESTION 19 Cost AccountingChoose the answer from the choices
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