please provide solution of this Question The controller of Hall Industries has collected the following monthly expense data for use inanalyzing the cost behavior of maintenance costs.MonthTotal Maintenance Costs Total Machine HoursJanuary $2,6403,500February 3,000March3,600April4,500May3,200June4,0006,0007,9005,0008,0004,620Determine the variable-cost components using the high-low method. (Round variable cost to 2decimal places e.g. 12.25.)Determine the fixed cost components using the high-low method. (Round answer to 0 decimalplaces e.g. 2,520.)

Step 1 : Define High-Low Method in Calculating the Variable and Fixed ComponentsOne of the many…

Answered: The controller of Hall Industries has…

Principles of Accounting Volume 2

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Chapter5: Process Costing

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Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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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…
Determine fixed and variable costs using the high-low method and prepare graph. E2.26 (LO 3) The controller of Furgee Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 3,000 3,600 4,500 3,200 4,900 300 350 500 690 400 700 Instructions a. Determine the fixed and variable cost components using the high-low method. b. Prepare a graph showing the behaviour of maintenance costs, and identify the fixed and variable cost components. Use 100-hour increments and $1,000 cost increments.
The controller of Sandhill Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June (a1) Total Maintenance Costs $2,880 3,273 3,928 4,632 3,491 4,844 X Your answer is incorrect. Total Machine Hours 3,820 Variable cost per machine hour $ 4,364 6,546 8,619 5,455 8,730 Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.) 1352
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The controller of Carla Vista Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,830 300 February 3,130 350 March 3,730 500 April 4,630 690 May 3,330 500 June 6,030 700 (a1) Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $
The controller of Carla Vista Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,830 300 February 3,130 350 March 3,730 500 April 4,630 690 May 3.330 500 June 6,030 700 (a1) Your answer is correct. Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $ 8 (a2) eTextbook and Media Determine the fixed costs using the high-low method for this mixed cost. Total fixed costs $ Attempts: 1 of 10 used
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
The following computer printout was generated, using regression, for use in estimating maintenance costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square 0.9025 Activity variable machine hours An estimate of maintenance costs at an activity level of 100 machine hours would be:
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The Mortise Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Month Cost Hours January $40,000 3,600 February 38,500 3,000 March 36,280 3,300 April 38,000 3,500 May 69,850 5,850 June 45,000 4,250 a. What is the slope coefficient? b. What is the constant for the estimated cost equation? c. What is the estimated cost function for the above data? d. What is the estimated total cost at an operating level of 3,100 hours?
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The controller of Rather Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. January February March April May June July August September October November December (a) Total Electricity Costs $2,500 Fixed-costs 3,000 3,600 4,500 3,200 4,900 4,100 3,800 5,100 4,200 3,300 5,860 Your answer is incorrect. $ Total Machine Hours Variable-costs $ 300 350 500 690 400 700 650 520 680 630 Determine the fixed- and variable-cost components using the high-low method. 350 720

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