A ezto.mheducation.comCosts At Coulthard Corporat... ..ConnectStudent HomeHow To Avoid COVID-19..17e iwww.etour.comSavedFinding remote destinations...Supply costs at Coulthard Corporation's chain of gyms are listed below:Client-SupplyCostVisits$ 28,371$ 28,309$ 28,469$ 28,922$ 28,389$ 28,234$ 28,473$ 28,380$ 28,424March11,66211,45811,99013,50011,72211,20812,00211,69311,841AprilMayJuneJulyAugustSeptemberOctoberNovemberManagement believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixedcomponents of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component,rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.)Multiple Choice$1.99 per client-visit; $28,390 per month< Prev18 of 57Next >

The method of high low is the way for attempting to separate the variable and the fixed costs…

Supply costs at Coulthard Corporation's chain of gyms are listed below: Client- Supply Visits Cost 11,662 11,458 11,990 13,500 11,722 11, 208 12,002 11,693 March $ 28,371 $ 28,309 $ 28,469 $ 28,922 $ 28,389 $ 28,234 $ 28,473 $ 28,380 April May June July August September October Novomber 11 0 1 20 134

Supply costs at Coulthard Corporation's chain of gyms are listed below: Client- Supply Visits Cost 11,662 11,458 11,990 13,500 11,722 11, 208 12,002 11,693 March $ 28,371 $ 28,309 $ 28,469 $ 28,922 $ 28,389 $ 28,234 $ 28,473 $ 28,380 April May June July August September October Novomber 11 0 1 20 134

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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Joe's Coffee House Joe's Coffee House has the following information available for the month of July: Sales (2,500 cups) $7,500 Variable costs $3,250 Fixed costs $4,000 Net Income $250 If Joe's sells 500 more cups of coffee per month, net income will: a.increase by $850 b.increase by $150 c.increase by $1,500 d.increase by $100
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Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Cost of food sold Wages and fringe benefits Fees paid delivery help Rent on building Depreciation on equipment Utilities Supplies (soap, floor wax, etc.) Administrative costs Total Monthly sales in units 5,000 8,000 10,000 $15,000 $24,000 $30,000 4,350 4,560 4,700 1,300 2,080 2,600 1.300 1,300 1,300 400 400 400 750 840 900 150 180 200 1.500 1.500 1,500 $24.750 $34,860 $41,600 (a) Identify each cost as being variable, fixed, or mixed. Cost of food sold Wages and fringe benefits Fees paid delivery help Rent on building Depreciation on equipment Variable # Mixed ● Variable ÷ Fixed Fixed
Shipping costs for fish that is ordered by the restaurant are a mixed cost with variable and fixed cost components. Records indicate the Fish Company shipped 7,200 tons of halibut for $6,000 in May and 8,200 tons for $6,800 in June. What would be the expected shipping cost for shipping 8,000? $6,440 $9,750 $6,640 $6,200
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 12,855 $ 23,598 April 12,283 $ 23,278 May 13,104 $ 23,742 June 12,850 $ 23,607 July 12,493 $ 23,415 August 12,794 $ 23,562 September 12,686 $ 23,496 October 12,765 $ 23,541 November 13,018 $ 23,687 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1.85 per client-visit; $23,547 per month $1.77 per client-visit; $557 per month $0.57 per client-visit; $16,273 per month $0.55 per client-visit; $16,579 per month
sd subject-Accounting
Activity: High-Low Point Method Month Number of Guests Total Costs January February 1,500 2,300 $143,000.00 $203,100.00 $105,450.00 March 1,000 $454,225.00 $371,225.00 $296,225.00 $353,945.00 $191,237.00 April May 4,323 4,545 3,541 4,312 June July August September 2,143 3,000 ?