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The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month peric Machine- Manufacturing Overhead $ 300,000 Hours January February March 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round you answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cos decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected f months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturi

The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month peric Machine- Manufacturing Overhead $ 300,000 Hours January February March 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round you answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cos decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected f months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturi

FINANCIAL ACCOUNTING
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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in | American AIU - Class Homepage AIU - Assignment Details https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com A Question 3 - Unit 2 Connect Si + anect Simulation (Graded) Saved Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine Manufacturing Hours Overhead January February March April $ 300, 000 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" t decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in parta to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) per machine hour a-1. Manufacturing overhead cost a-2. Fixed element of monthly overhead cost Estimated manufacturing overhead cost b. Amount C. February March Next < Prev 3 of 3 99+ search %2: (8
Transcribed Image Text:in | American AIU - Class Homepage AIU - Assignment Details https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com A Question 3 - Unit 2 Connect Si + anect Simulation (Graded) Saved Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine Manufacturing Hours Overhead January February March April $ 300, 000 5,900 3,200 4,900 2,700 224,000 263,800 180, 000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" t decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in parta to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) per machine hour a-1. Manufacturing overhead cost a-2. Fixed element of monthly overhead cost Estimated manufacturing overhead cost b. Amount C. February March Next < Prev 3 of 3 99+ search %2: (8
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Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Manufacturing Overhead $ 300,000 224,000 Hours 5,300 3,200 4,900 2,700 January February March 263,800 190,000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) a-1. Manufacturing overhead cost per machine hour |а-2. Fixed element of monthly overhead cost b. Estimated manufacturing overhead cost Amount February Under estimated C. March Over estimated
Transcribed Image Text:Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Manufacturing Overhead $ 300,000 224,000 Hours 5,300 3,200 4,900 2,700 January February March 263,800 190,000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) a-1. Manufacturing overhead cost per machine hour |а-2. Fixed element of monthly overhead cost b. Estimated manufacturing overhead cost Amount February Under estimated C. March Over estimated
Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Manufacturing Overhead $ 300,000 224,000 Hours 5,300 3,200 4,900 2,700 January February March 263,800 190,000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) a-1. Manufacturing overhead cost per machine hour |а-2. Fixed element of monthly overhead cost b. Estimated manufacturing overhead cost Amount February Under estimated C. March Over estimated
Transcribed Image Text:Exercise 20.2 (Algo) High-Low Method of Cost Analysis (LO20-1, LO20-9) The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Manufacturing Overhead $ 300,000 224,000 Hours 5,300 3,200 4,900 2,700 January February March 263,800 190,000 April a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. (Round "Manufacturing overhead cost" to 2 decimal places.) b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round "Manufacturing overhead cost" to 2 decimal places.) c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Round "Manufacturing overhead cost" to 2 decimal places.) a-1. Manufacturing overhead cost per machine hour |а-2. Fixed element of monthly overhead cost b. Estimated manufacturing overhead cost Amount February Under estimated C. March Over estimated
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