V < > O O Mail - Alesia LeSane - Outlook Business Course NO Nut mybusinesscourse.com Module 2 Problem Set [myBusiness Cour... MBC Module 2 Problem Set | ACCT 6318 (Fall... N. kendrick anderson furniture maker llc cre... ChatGPT Return to course Course Content / ASSIGNMENTS / Module 2 Problem Set Confect Module 2 Problem Set e + O Cost Estimation, Interpretation, and Analysis Kendrick Anderson Furniture Maker, LLC creates custom tables in Atlanta. Assume that the following represents monthly information (also included at this link) on production volume and manufacturing costs since the company started operations. Month Total Tables Dining Total Room Tables Manufacturing Produced Living Room Tables Produced Produced Costs June 110 25 85 $71,000 July 90 45 45 57,500 August 130 15 115 79,724 September 95 36 59 64,250 October 76 24 52 57,300 November 92 48 44 60,900 December 105 24 81 62,700 January 110 50 60 70,130 February 102 March 81 April 142 102 May 125 2222 20 82 68,400 25 56 57,400 40 105,790 103 74,750 June 115 15 100 74,290 July 106 18 88 66,500 August 85 28 57 49,888 September 116 55 61 72,668 October 120 November 120 December 222 81 39 71,700 30 90 74,200 72 18 54 54,900 Required otal tables produced. Use the high-low method to develop a cost-estimating equation for total manufacturing costs driven by total tables produced. Note: Round answers to the nearest whole dollar. Cost estimating equation: Solve for X and for Y+b
V < > O O Mail - Alesia LeSane - Outlook Business Course NO Nut mybusinesscourse.com Module 2 Problem Set [myBusiness Cour... MBC Module 2 Problem Set | ACCT 6318 (Fall... N. kendrick anderson furniture maker llc cre... ChatGPT Return to course Course Content / ASSIGNMENTS / Module 2 Problem Set Confect Module 2 Problem Set e + O Cost Estimation, Interpretation, and Analysis Kendrick Anderson Furniture Maker, LLC creates custom tables in Atlanta. Assume that the following represents monthly information (also included at this link) on production volume and manufacturing costs since the company started operations. Month Total Tables Dining Total Room Tables Manufacturing Produced Living Room Tables Produced Produced Costs June 110 25 85 $71,000 July 90 45 45 57,500 August 130 15 115 79,724 September 95 36 59 64,250 October 76 24 52 57,300 November 92 48 44 60,900 December 105 24 81 62,700 January 110 50 60 70,130 February 102 March 81 April 142 102 May 125 2222 20 82 68,400 25 56 57,400 40 105,790 103 74,750 June 115 15 100 74,290 July 106 18 88 66,500 August 85 28 57 49,888 September 116 55 61 72,668 October 120 November 120 December 222 81 39 71,700 30 90 74,200 72 18 54 54,900 Required otal tables produced. Use the high-low method to develop a cost-estimating equation for total manufacturing costs driven by total tables produced. Note: Round answers to the nearest whole dollar. Cost estimating equation: Solve for X and for Y+b
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...
Related questions
Question
Transcribed Image Text:V
< > O
O Mail - Alesia LeSane - Outlook
Business Course
NO
Nut
mybusinesscourse.com
Module 2 Problem Set [myBusiness Cour...
MBC Module 2 Problem Set | ACCT 6318 (Fall...
N. kendrick anderson furniture maker llc cre...
ChatGPT
Return to course
Course Content / ASSIGNMENTS / Module 2 Problem Set
Confect
Module 2 Problem Set
e
+ O
Cost Estimation, Interpretation, and Analysis
Kendrick Anderson Furniture Maker, LLC creates custom tables in Atlanta. Assume that the following represents monthly information (also included at this link) on production volume and manufacturing costs
since the company started operations.
Month
Total
Tables
Dining
Total
Room Tables Manufacturing
Produced
Living Room
Tables
Produced
Produced
Costs
June
110
25
85
$71,000
July
90
45
45
57,500
August
130
15
115
79,724
September
95
36
59
64,250
October
76
24
52
57,300
November
92
48
44
60,900
December
105
24
81
62,700
January
110
50
60
70,130
February
102
March
81
April
142
102
May
125
2222
20
82
68,400
25
56
57,400
40
105,790
103
74,750
June
115
15
100
74,290
July
106
18
88
66,500
August
85
28
57
49,888
September
116
55
61
72,668
October
120
November
120
December
222
81
39
71,700
30
90
74,200
72
18
54
54,900
Required
otal tables produced.
Transcribed Image Text:Use the high-low method to
develop a cost-estimating
equation for total manufacturing
costs driven by total tables
produced.
Note: Round answers to the
nearest whole dollar.
Cost estimating equation:
Solve for X and for Y+b
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning