Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labour Cost ($) Employee Hours January $7,300 February $8,440 March $10,199 April $10,087 May $8,790 June $7,750 July $9,790 August $7,831 Assume that this information was used to construct the following formula for monthly labour cost. Total Labour Cost = $4,319 + ($8.28 x Employee Hours) 410 600 710 660 530 400 620 360 Required: Assume that 695 employee hours are budgeted for the month of September. Use the total labour following calculations: 1. Calculate total variable labour cost for September. Round your answer to nearest dollar. 2. Calculate total labour cost for September. Round your answer to nearest dollar.

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes specialty pizzas. Data for the past eight months were collected: Month Labour Cost ($) Employee Hours January $7,300 February $8,440 March $10,199 April $10,087 May $8,790 June $7,750 July $9,790 August $7,831 Assume that this information was used to construct the following formula for monthly labour cost. Total Labour Cost = $4,319 + ($8.28 x Employee Hours) 410 600 710 660 530 400 620 360 Required: Assume that 695 employee hours are budgeted for the month of September. Use the total labour following calculations: 1. Calculate total variable labour cost for September. Round your answer to nearest dollar. 2. Calculate total labour cost for September. Round your answer to nearest dollar.

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

! Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month $ 57,000 $ 36,000 Variable Element per Customer Served $ 5,800 $ 1,800 $ 950 Amount of revenue included in the planning budget 10. What amount of revenue would be included in Adger's planning budget for May? Actual Total for May $ 217,000 $ 128,100 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. $ 35,300 $ 34,400
Provide Correct Answer with calculation and retained Solution
Please do not give solution in image format thanku
DO not give answer in image formate
Classify each of the costs in table A into variable and fixed cost?
Prepare an absorption-costing income statement for last year. Round to nearest whole number.
Please do not give solution in image format thanku
Please help me
Please do not give solution in image format thanku
Abhaliya
Provide Answer with calculation
Please do not give solution in image format thanku