Hello tutor please provide this question solution general accounting The controller of Dousmann Industries has collected the following monthly expense data foruse in analyzing the cost behavior of maintenance costs. Determine the fixed componentsusing the high-low method.Month Total Maintenance Costs Total Machine HoursJanuary $3,0033,822February 3,2764,368March3,9316,552April 4,9148,623May3,4945,460June5,4606,736

Step 1: Define High-Low MethodIn the context of accounting, the high-low method is one of the two…

Answered: The controller of Dousmann Industries…

Excel Applications for Accounting Principles

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E19-3 The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March $2,500 3,000 3,600 4,500 3,200 4,900 300 350 500 April May 690 400 June 700 Instructions (a)) Determine the fixed- and variable-cost components using the high-low method. (b) Prepare a graph showing the behavior of maintenance costs, and identify the fixed- and variable-cost elements. Use 100-hour increments and $1,000 cost increments.
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The controller of the Blade Company wants you to estimate a cost function from the following two observations in a general ledger account called Maintenance: (Click to view the information.) Required 1. Estimate the cost function for maintenance. 2. Can the constant in the cost function be used as an estimate of fixed maintenance cost per month? Explain. Requirement 1. Estimate the cost function for maintenance. (Round your answers to the nearest cent as needed.) Maintenance costs = Maintenance costs = +( +( X X Requirement 2. Can the constant in the cost function be used as an estimate of fixed maintenance cost per month? Explain. the relevant range, not at cost levels the relevant range. If there are no months with zero The cost function in requirement 1 is an estimate of how costs behave machine-hours represented in the maintenance account, data in that account function provides the best available starting point for a straight line that approximates how a cost behaves be used to…
Morgan Company's maintenance costs and production are given below. Please give correct answer for these general accounting question
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Infa. Company applies Manufacturing Overhead (MOH) on the basis of machine hours (MHS). For the year. Estimated Actual Machine hours for the year? Total MOH Cost 7,800 $70,500 $64,300 If for the year, MOH was overapplied by $780, estimated MHs at the beginning of the period were_
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January 9,600 890 February 9,260 810 March 9,850 900 April 10,260 1,010 May 10,732 1,040 June 10,050 990 The fixed utilities cost per month for Barkoff is: Multiple Choice $3,440. $4,076. $4,436. • $4,776. None of the answers is correct
The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include: Fixed costs (salaries, tools): 64,900 per year Variable costs (supplies): 1.35 per maintenance hour Estimated usage by: Actual usage by: Required: 1. Calculate a single charging rate for the Maintenance Department. 2. Use this rate to assign the costs of the Maintenance Department to the user departments based on actual usage. Calculate the total amount charged for maintenance for the year. 3. What if the Assembly Department used 4,000 maintenance hours in the year? How much would have been charged out to the three departments?
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