e & ExitThe following information is available for a company's utility cost for operating its machines over the last four months.MonthMachine hoursUtility costJanuary1,040$6,590February1,940$7,180March2,680$8,100April740$4,650Using the high-low method, the estimated variable cost per machine hour for utilities is:Multiple ChoiceO $6.28.$3.02.$1.78.$6.47.$4.14.

It takes into consideration the highest level activities as well as the lowest level of activity and…

The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 1,040 $6,590 $7,180 $8,100 February 1,940 March 2,680 April 740 $4,650 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $6.28. $3.02. $1.78. $6.47. $4.14.

The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 1,040 $6,590 $7,180 $8,100 February 1,940 March 2,680 April 740 $4,650 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $6.28. $3.02. $1.78. $6.47. $4.14.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following data are available for MR SANJO Corp. during the past months:
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies $ 21,400 $ 15.00 $ 7.20 Equipment depreciation $ 2,740 $ 0.55 Truck operating expenses Rent $ 5,720 $ 1.70 $ 4,660 $ 3,880 $ 0.70 Administrative expenses For example, wages and salaries should be $21,400 plus $15.00 per repair-hour. The company expected to work 2,700 repair-hours in May, but actually worked 2,600 repair-hours. The company expects its sales to be $47.00 per repair-hour. Required: Compute the company's activity variances for May. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Revenue Expenses: Jake's Roof Repair Activity Variances For the Month Ended May 31 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net…
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 23, 200 Cost per Repair-Hour $16.30 $ 8.60 $ 0.40 $ 1.70 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Revenue Expenses: $ 1,600 $ 6,400 For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair-hour. $ 3,480 $ 4,500 Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Jake's Roof Repair Activity Variances For the Month Ended May 31 Administrative expenses Total expense Net operating…
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round to the nearest cent. Machine Hours March April May June Oa. $0.15 Ob. $1.02 Oc. $0.98 Od. $1.75 Cost $3,007 2,696 2,803 3,778 14,577 10,259 11,668 17,667
need answer of this Question Please Provide it
Compute for the total cost per month using costing labor cost by the given data Compute for the percentage weight of the monetary benefit, non monetary benefit, and deferred monetary benefit Compute for the percentage of cost relevant to the sales of total labor cost, given that there are 40 employees in the company and the revenue of the company is 2,500,000 monthly.
17. The following information is available for electricity costs for the last six months of the year: Month Volume Costs July 2,800 4.400 August 5,600 10,800 September 6,400 11,400 October 3.500 7,800 November 2,400 4,800 December 4,200 8,100 Using the high-low method, what is the fixed costs?
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($224,000/2,800 units) Total variable selling expenses ($11 per unit sold) Total fixed general and administrative expenses Complete this question by entering your answers in the tabs below. Required: Prepare Crystal Cold's full absorption costing income statement and variable costing income statement for the year. Full Absorption Costing 2,800 2,400 340 60 45 13 80 Variable Costing $ 26,400 $ 60,000
The following data pertain to activity and utilities costs for two recent years: Activity Level in Units Utilities Cost Multiple Choice 5075 per unit $1.50 per unit Using the high-low method, what is the variable cost per unit for utilities? $125 per unit Year 2 $133 per unit 12,000 $15,000 Year 1 8,000 $12,000
D8.
am. 211.
7