I won't this question solution general accounting The following information is available for a company's maintenance cost over the last sevenmonths.MonthMaintenance hours Maintenance costJune11$4,780July17$6,400August13$5,320September 16$6,130October 22$7,750November 25$8,560December 7$3,700Using the high-low method, estimate both the fixed and variable components of itsmaintenance cost.

Step 1: Define High-Low MethodIn cost accounting, costs must be classified according to their…

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Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter28: Statistics And Linear Regression (stats)

Section: Chapter Questions

Problem 1R

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Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
The following information is available for a company’s maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Month Units Produced Maintenance CostJune . . . . . . . . . . . . . . . 90 $5,450 July . . . . . . . . . . . . . . . . 180 6,900 August . . . . . . . . . . . . . 120 5,100 September . . . . . . . . . . 150 6,000 October . . . . . . . . . . . . 210 6,900 November . . . . . . . . . . 240 8,100 December . . . . . . . . . . . 60 3,600
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,817 3,734 February 3,201 4,268 March 3,841 6,402 April 4,801 8,429 May 3,414 5,335 June 4,930 8,536 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs $
The controller of Sunland Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,590 330 February 2,890 380 March 3,490 530 April 4,390 660 May 3,090 530 June 5,470 730 Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $enter the variable cost per machine hour in dollars rounded to 2 decimal places Determine the fixed cost components using the high-low method. Total fixed costs $enter the total fixed costs in dollars
General accounting
The following information is available for a company's maintenance cost over the last seven months. Month June July August September October November December Units Produced 90 180 120 150 210 240 60 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Change in cost Change in volume Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 4,190 6,260 4,880 5,570 6,950 7,640 3,500 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Volume at high point minus volume at low point
The controller of further industries..accounting question
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Morgan Company's maintenance costs and production are given below. Please give correct answer for these general accounting question
Provide correct calculation with explanation for these general accounting question
Deidoro Company has provided the following data for maintenance cost: Machine hours Maintenance cost Multiple Choice Maintenance cost is a mixed cost with variable and fixed components. The fixed and variable components of maintenance cost are closest to: (Round your intermediate calculations to 2 decimal places.) O O Prior Year 17,100 20,100 $ 29,400 $ 34,200 $29,400 per year; $1.701 per machine hour Current Year $2,040 per year; $1.701 per machine hour $2,040 per year; $1.600 per machine hour $29,400 per year; $1.600 per machine hour

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