InformationMonthJanuaryFebruaryMachine-Hours Maintenance Costs IncurredPrint5,000 $10,000Done4,0005,500X 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.)Required1. 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 =+(+(XXRequirement 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 levelsthe relevant range. If there are no months with zeroThe cost function in requirement 1 is an estimate of how costs behavemachine-hours represented in the maintenance account, data in that accountfunction provides the best available starting point for a straight line that approximates how a cost behavesbe used to estimate the fixed costs at the zero machine-hours level. The constant component of the cost

Cost Function The cost function formula is: C(x) = F + V(x) Where, C = Cost x =…

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 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 estimate the fixed costs at the zero machine-hours level. The constant component of the cost

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 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 estimate the fixed costs at the zero machine-hours level. The constant component of the 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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2. a) A company manufactures and retails tablet computers. You are required to group the costs which are listed below and numbered (1)-(10) into the following classifications i-v (each cost is intended to belong to only one classification): 1- Wiring for the tablet 2-The maintenance contract from the machines 3- Aftersales customer service 4- The Chief Executive Salary 5- Shipping costs from the warehouse to the retailer 6- Marketing Costs 7- Interest on bank overdraft 8- Staff Training costs 9- Electricity to run the production line 10- Warehouse storage rent for the tablets. i. ii. iii. iv. V. Direct materials 1 Indirect production overhead 2 Selling and distribution costs Administration costs Finance costs
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Home * CengageNOWv2 | Online teachin x +. takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How E Print Item Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 15% of sales Miscellaneous administrative expense $10,000 per month plus 4% of sales Office salaries expense $50,000 per month Customer support expenses $20,000 per month plus 30% of sales Research and development expense $75,000 per month Prepare a flexible selling and administrative expenses budget for October for sales volumes of $500,000, $750,000, and $1,000,000. (Use Exhibit 5 as a model.) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 Total sales $500,000 $750.000 $1,000,000 Variable cost: Sales commissions Advertising expense Miscellaneous…
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I need help with last three requirement I need help with last three requirement I need help with last three requirement please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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Below is a list of costs. Please identify each cost as either a product or period cost. Dragged and dropped options on the right-hand side will be automatically saved. For keyboard navigation... SHOW MORE ✓ Depreciation on office copier Depreciation on office building Insurance on office building Metal used in building a car Salary of CEO Salary of production manager Salary of assembly line workers Utilities of office building = = Product Period = Period = Period = Product = Product = = Period Period
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Convert the accompanying database to an Excel table to find: a.The total cost of all orders. b.Thetotal quantity of airframe fasteners purchased. c. The total cost of all orders placed with Manley Valve. Question content area bottom Part 1 a. The total cost of all orders is $?????? enter your response here.