s6-9 pls S6-7 Use the high-low method (Learning Objective 4)Refer to the Jones Oil and Lube data in S6-6. Use the high-low method to determine thevariable and fixed cost components of Jones Oil and Lube's operating costs. Use thisinformation to project the monthly operating costs for a month in which the companyperforms 3,400 oil changes.S6-8 Use the high-low method (Learning Objective 4)Based on last month's records, Vochelle produced 44,000 bars of chocolate with a totalmanufacturing cost of $120,000. Vochelle also has past records of total manufacturingcost being $100,000 when it produced 36,000 bars of chocolate. If Vochelle produces40,000 bars of chocolate next month, what is the expected total manufacturing cost usingthe high-low method?S6-9 Use the high-low method (Learning Objective 4)Sun Inn Hotel rents a photocopy machine. The company is charged a fixed annual rentalfee and a per-copy charge. If the company makes 8,000 copies per month, the over-all per-copy cost is estimated to be $0.16. If 6,000 copies are made in a month, it isestimated that the cost per copy is $0.19.1. Using the high-low method, estimate the variable rate per copy and the annualrental fee.2. If 9,000 copies were made in a month, compute the total cost.

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Description: s6-9 pls S6-7 Use the high-low method (Learning Objective 4)Refer to the Jones Oil and Lube data in S6-6. Use the high-low method to determine thevariable and fixed cost components of Jones Oil and Lube's operating costs. Use thisinformation to proje

Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Business

Accounting

S6-9 Use the high-low method (Learning Objective 4) Sun Inn Hotel rents a photocopy machine. The company is charged a fixed annual rental fee and a per-copy charge. If the company makes 8,000 copies per month, the over- all per-copy cost is estimated to be $0.16. If 6,000 copies are made in a month, it is estimated that the cost per copy is $0.19. 1. Using the high-low method, estimate the variable rate per copy and the annual rental fee. 2. If 9,000 copies were made in a month, compute the total cost.

S6-9 Use the high-low method (Learning Objective 4) Sun Inn Hotel rents a photocopy machine. The company is charged a fixed annual rental fee and a per-copy charge. If the company makes 8,000 copies per month, the over- all per-copy cost is estimated to be $0.16. If 6,000 copies are made in a month, it is estimated that the cost per copy is $0.19. 1. Using the high-low method, estimate the variable rate per copy and the annual rental fee. 2. If 9,000 copies were made in a month, compute the total cost.

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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Question

s6-9 pls

S6-7 Use the high-low method (Learning Objective 4)
Refer to the Jones Oil and Lube data in S6-6. Use the high-low method to determine the
variable and fixed cost components of Jones Oil and Lube's operating costs. Use this
information to project the monthly operating costs for a month in which the company
performs 3,400 oil changes.
S6-8 Use the high-low method (Learning Objective 4)
Based on last month's records, Vochelle produced 44,000 bars of chocolate with a total
manufacturing cost of $120,000. Vochelle also has past records of total manufacturing
cost being $100,000 when it produced 36,000 bars of chocolate. If Vochelle produces
40,000 bars of chocolate next month, what is the expected total manufacturing cost using
the high-low method?
S6-9 Use the high-low method (Learning Objective 4)
Sun Inn Hotel rents a photocopy machine. The company is charged a fixed annual rental
fee and a per-copy charge. If the company makes 8,000 copies per month, the over-
all per-copy cost is estimated to be $0.16. If 6,000 copies are made in a month, it is
estimated that the cost per copy is $0.19.
1. Using the high-low method, estimate the variable rate per copy and the annual
rental fee.
2. If 9,000 copies were made in a month, compute the total cost.

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