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QUESTION:9 The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are given below: X-ray costs X-rays taken Month January $26,000 6,250 February 29,000 7,500 March 22,000 5,000 April 20,700 4,250 May 21,000 4,500 June 24,000 5,500 July 19,200 3,750 August 16,000 2,500 September 24,600 5,750 Beverly Hospital expects to take 5,900 X-rays during October. Using the high-low method, calculate Beverly Hospital's expected X-ray cost for October. Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost $14,195 Miles Driven Total Cost March 8,500 $15,000 January 8,015 February 7,510 13,515 April 8,205 14,495 a. Compute the variable cost per mile using the high-low method. b. Compute the fixed cost elements using the high-low method. Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).

QUESTION:9 The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are given below: X-ray costs X-rays taken Month January $26,000 6,250 February 29,000 7,500 March 22,000 5,000 April 20,700 4,250 May 21,000 4,500 June 24,000 5,500 July 19,200 3,750 August 16,000 2,500 September 24,600 5,750 Beverly Hospital expects to take 5,900 X-rays during October. Using the high-low method, calculate Beverly Hospital's expected X-ray cost for October. Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost $14,195 Miles Driven Total Cost March 8,500 $15,000 January 8,015 February 7,510 13,515 April 8,205 14,495 a. Compute the variable cost per mile using the high-low method. b. Compute the fixed cost elements using the high-low method. Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
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QUESTION:9 The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are given below: X-ray costs X-rays taken Month January $26,000 6,250 February 29,000 7,500 March 22,000 5,000 April 20,700 4,250 May 21,000 4,500 June 24,000 5,500 July 19,200 3,750 August 16,000 2,500 September 24,600 5,750 Beverly Hospital expects to take 5,900 X-rays during October. Using the high-low method, calculate Beverly Hospital's expected X-ray cost for October. Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost $14,195 Miles Driven Total Cost March 8,500 $15,000 January 8,015 February 7,510 13,515 April 8,205 14,495 a. Compute the variable cost per mile using the high-low method. b. Compute the fixed cost elements using the high-low method. Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).
Transcribed Image Text:QUESTION:9 The number of X-rays and X-ray costs over the last nine months in Beverly Hospital are given below: X-ray costs X-rays taken Month January $26,000 6,250 February 29,000 7,500 March 22,000 5,000 April 20,700 4,250 May 21,000 4,500 June 24,000 5,500 July 19,200 3,750 August 16,000 2,500 September 24,600 5,750 Beverly Hospital expects to take 5,900 X-rays during October. Using the high-low method, calculate Beverly Hospital's expected X-ray cost for October. Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost $14,195 Miles Driven Total Cost March 8,500 $15,000 January 8,015 February 7,510 13,515 April 8,205 14,495 a. Compute the variable cost per mile using the high-low method. b. Compute the fixed cost elements using the high-low method. Arsons company is planning to produce 2,100 units of product in 2017. Each unit requires 1.60 pounds of materials at $6.40 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. A. Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. B. Compute the standard cost of one unit of production (round answer to 2 decimal places).
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