?? The Unix Company uses the high-low method to determine its cost equation. Thefollowing information was gathered for the past year:Machine Hours Direct Labor CostsBusiest month (June)18,950Slowest month (December) 11,250$915,000$760,000If Unix expects to use 14,100 machine hours next month, what are the estimated directlabor costs? (Round your answer to nearest Dollar)

Step 1:First, calculate the variable direct labor cost per machine hour: Variable direct labor cost…

Answered: The Unix Company uses the high-low…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 18M

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Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.
What are the estimated direct labor costs?
Please solve this problem
What would be the best equation using the high-low method?
Developing an Equation from Average CostsParadise Pub is a high-end dog hotel located in New York. Assume that in March, when dog-days occupancy was at an annual low of 500 days, the average cost per dog-day was $26. In July, when dog-days were at a capacity level of 4,500, the average cost per dog-day was $10.(a) Develop an equation for monthly operating costs. (Let X = dog-days per month)Total cost = $ _________ + $ _________ * _______ (b) Determine the average cost per dog-day at an annual volume of 28,000 dog-days. (Round to the nearest cent.) $ ___________
Java Joe coffees wants to find an equation to estimate monthly utility costs. Java Joe's has been in business for one year and has collected the following cost data for utilities 1.which of the preceding costs is variable? Fixed? Mixed? Explain 2. using the high-low method, determine the cost function for each cost 3. combine the preceding information to get a monthly utility cost function for Java 4. next month, Java's expects to use 2200 kilowatt hours of electricity, make 1500 minutes of telephone calls and use 32000 gallons of water. Estimate total cost of utilities for the month Month Electricity bill Kilowatt hours used telefone telefone min used Water bill Gallonsof water used January $360 1200 $92.00 1100 $60 30560 February $420 1400 $91.80 1060 $60 26800 March $549 1830 $94.80 1240 $60 31450 April $405 1350 $89.60 980 $60 29965 May $588 1960 $98.00 1400 $60 30568 June $624 2080…
Developing an Equation from Average Costs Paradise Pub is a high-end dog hotel located in New York. Assume that in March, when dog-days occupancy was at an annual low of 500 days, the average cost per dog-day was $26. In July, when dog-days were at a capacity level of 4,500, the average cost per dog-day was $10. (a) Develop an equation for monthly operating costs. (Let X = dog-days per month) Total cost = $ -$ *X (b) Determine the average cost per dog-day at an annual volume of 28,000 dog-days. (Round to the nearest cent.) $
Could you please answer all the reuired fields correctly.
Buckeye Company has provided the following data for maintenance costs: Prior Year Current Year Machine hours 19,100 22,200 Maintenance cost $30,500 $34,220 Required: The best estimate of the cost formula for maintenance would be: (Do not round intermediate calculations. Round your Variable cost per unit to 2 decimal places.) a) $7,580 per year plus $.833 per machine hour. b) $26,640 per year plus $.833 per machine hour. c) $7,580 per year plus $1.20 per machine hour. d) $30,500 per year plus $1.20 per machine hour.
An analysis of past janitorial costs indicates that the average janitorial cost is P1.50 per machine hour at an activity level of 40,000 machine hours and P1.20 per machine hour at an activity level of 50,000 machine hours. Assuming that this activity is within the relevant range, what is the total expected janitorial cost if the activity level is 45,000 machine hours?
Emerald Pools, Inc. has provided the following information for the year. Units produced 14,000 units Sales price $700 per unit Direct materials $25 per unit Direct labor $45 per unit Variable manufacturing overhead $50 per unit Fixed manufacturing overhead $470,000 per year Variable selling and administration costs $90 per unit Fixed selling and administration costs $260,000 per year What is the unit product cost using absorption costing? (Round any intermediate calculations and your final answer to the nearest dollar.)
Blanco, Inc. provides computer processing services and relevant data set up by the firm's management are shown below: No. of pages per hour, 20 No. or hours per month, 500 Variable costs per hour, Ph 30 Fixed costs per month, Ph10,000. For the month of May 2021 12,000 pages are generated in 450 hours. The actual variable costs totaled Ph13,200, while the actual fixed costs equaled the estimated amount. The total standard cost for May was ? Ph 25,000 Ph 27,500 Ph 30,000 Ph 31,500

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