Using the high-low method, calculate the fixed costs per month for Wilson Manufacturing based on the following utility costs and machine hours: Month Cost ($) Machine Hours March 92,500 8,000 April 156,500 16,000 May 124,000 12,000 June 108,000 10,000 A. $25,000 B. $30,000 C. $28,500 D. $32,000

Using the high-low method, calculate the fixed costs per month for Wilson Manufacturing based on the following utility costs and machine hours: Month Cost ($) Machine Hours March 92,500 8,000 April 156,500 16,000 May 124,000 12,000 June 108,000 10,000 A. $25,000 B. $30,000 C. $28,500 D. $32,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...

See similar textbooks

Related questions

Q: Please provide this question solution general accounting

A: Explanation: The question requires us to calculate the gross and after-tax return of Sarah from the…

Q: Hi expert provide correct answer

A: Long-term investments are assets the company intends to hold for a period beyond 1 year after the…

Q: Get correct answer accounting questions

A: Step 1: Definition of Direct Material Price VarianceThe Direct Material Price Variance measures the…

Q: Hii expert please given correct answer general accounting

A: Step 1: Define Creditors"Creditor" is a term used to describe those entities to whom an enterprise…

Q: What was its total assets turnover ratio?

A: Step 1: Define Total Assets Turnover RatioThe total assets turnover ratio is a ratio in finance and…

Q: What is the return on equity on these general accounting question?

A: Explanation: The formula to calculate return on equity is = (Net income/Total equity) * 100 Net…

Q: Financial Accounting Question

A: Step 1: Define Dividend YieldDividend yield is a financial ratio that shows how much a company pays…

Q: what is the contribution margin ratio?

A: To calculate the contribution margin ratio, use the formula: Contribution Margin Ratio (CM…

Q: Quick answer of this accounting questions

A: 1.Predetermined Overhead RateThe predetermined overhead rate is calculated at the beginning of the…

Q: The assembly department solve this accounting questions

A: Step 1: Definition of Units StartedThe number of units started during the period can be calculated…

Q: Financial Accounting

A: Step 1: Define Effective Cost Of DebtThe effective cost of debt is the adjusted financing cost of…

Q: The balance of the owner's drawing account is reported:(general account)

A: The correct answer is:B. on the statement of owner's equity Explanation:The owner's drawing account…

Q: Hello expert please help this question.

Q: Answer this Question

A: To calculate the equivalent units of production (EUP) using the weighted-average method:…

Q: Subject: financial accounting

A: Silk corporationPartial Statement of Comprehensive IncomeaIncome Before Income Taxes $457,000…

Q: Find out the Debt-to-equity ratio

A: For this question we must compute for the debt-to-equity ratio.The Debt to Equity (D/E) ratio, also…

Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…

A: The question requires the determination of the EPS.Earnings per share (EPS) is a financial metric…

Q: I want to correct answer accounting questions

A: Step 1: Definition of EquityEquity represents the residual interest in the assets of a company after…

Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? Question

A: 1. Calculate Return on Assets (ROA) Formula: ROA = Net Income / Total Assets Calculation: ROA =…

Q: Get solution this general accounting question not use ai

A: Formula:Current Ratio = Current Assets / Current LiabilitiesAcid-test Ratio (or Quick Ratio) =…

Q: Hi tutor of general account answer me

A: To calculate Company Y's retained earnings, we use the accounting equation:…

Q: Get correct answer accounting questions

A: An involuntary conversion occurs when property is destroyed, stolen, or condemned, and the owner…

Q: Determine the equivalent units in process for direct materials and conversion costs

A: Step 1: Key InformationDirect materials placed into the process: 180,000 liters.Beginning…

Q: The traditional costing system is___.

A: Explanation of Direct Labor Hours: This is the amount of time workers spend directly working on…

Q: What are the equivalent units for materials for the month in the first Processing Department?

A: Step 1: Key FormulaThe equivalent units for materials is calculated as: Equivalent…

Q: Quick answer of this accounting questions

A: To determine the amount and character of Mark's recognized gain or loss on the sale of his…

Q: What is the fixed assets turnover ratio?

A: Step 1: Define Fixed Assets Turnover RatioIn accounting and finance, the fixed assets turnover ratio…

Q: What is the amount of current liabilities on these general accounting question?

A: Step 1: Define Current LiabilitiesCurrent liabilities are obligations a company expects to settle…

Q: Calculate the company's dividend yield on these financial accounting question please answer

A: Step 1: Define Dividend YieldDividend yield measures the annual dividend income relative to the…

Q: Hi expert provide correct answer general accounting

A: Step 1: Define AssetsAssets are financial resources owned by the company. These are presented in the…

Q: The Maxit Corporation has a standard costing system in which variable manufacturing overhead is…

A: To solve for the standard number of machine hours allowed, we need to use the relationship between…

Q: General accounting

A: Step 1: Formula Book value per share = (Shareholders' equity - Preferred equity)/Number of common…

Q: Operating profit was??

A: Step 1: Formula for Operating ProfitThe formula for calculating operating profit is:…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of Book Value per Share The book value per share represents the equity available…

Q: Please solve this question general accounting

A: Step 1: Define Contribution Margin RatioThe contribution margin ratio shows the contribution margin…

Q: General Account

A: Economies of scale refer to the cost advantages a business obtains due to expansion. Increasing the…

Q: Quick answer of these general accounting problem

A: Explanation of Cash Flow to Creditors:Cash flow to creditors represents the amount of cash a company…

Q: Subject: General Accounting

A: Explanation: As per high-low method, the variable cost per unit is calculated using the following…

Q: Can you please solve these general accounting question?

A: Step 1: Define Flows from Financing ActivitiesCash flows from financing activities include cash…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Taxable IncomeTaxable income is the income subject to tax after accounting for…

Q: Financial accounting question

A: Step 1: Define Cash Flow StatementCash flow statement refers to one of the financial statements…

Q: A company has a net income of $790,000

A: In this case:Net Income = $790,000Outstanding Shares = 55,300Therefore: EPS = $790,000 / 55,300 =…

Q: Hi, tutor solve this accounting problem

A: Explanation of Total Manufacturing Cost:Total manufacturing cost represents the total expenses…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of Overhead Cost Allocation Based on Labor HoursOverhead cost allocation based on…

Q: Choose correct option in this account query.

A: Step 1: Key InformationBeginning Inventory:Units: 750Materials Cost: $7,800 (60% complete)Conversion…

Q: Baltimore Company experienced an increase in total assets of $12,500 during the current year. During…

A: Step 1: Understanding the Accounting EquationThe accounting equation is:…

Q: its general account questions

A: Step-by-Step Solution1. Weighted-Average Method OverviewThe weighted-average method combines the…

Q: Andrews Corporation uses a process costing system for manufacturing. The following information is…

A: The cost per equivalent unit of production represents the number of units that could be produced…

Q: What is the belence under current liabilities in the 2024 balance sheet??

A: Step 1: Define Current LiabilityCurrent liabilities are the obligation a company has to repay in…

Q: ACCOUNT

A: To determine the amount Mr. Hines must include in his gross income for 2016, we must analyze the…

Question

Please given correct answer general accounting

Using the high-low method, calculate the fixed costs per month for Wilson
Manufacturing based on the following utility costs and machine hours:
Month Cost ($) Machine Hours
March 92,500 8,000
April 156,500 16,000
May
124,000 12,000
June 108,000 10,000
A. $25,000
B. $30,000
C. $28,500
D. $32,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Describe the cost formula for a strictly variable cost such as electrical power cost of 1.15 per machine hour (i.e., every hour the machinery is run, electrical power cost goes up by 1.15).
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Assume that the moving activity has an expected cost of 80,000. Expected direct labor hours are 20,000, and expected number of moves is 40,000. The best activity for moving is a. 4 per move. b. 1.33 per hour-move. c. 4 per hour. d. 2 per move. e. e None of these.
Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
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 your answer to the nearest cent. Cost Machine Hours March $3,100 15,000 April 2,700 10,000 May 2,900 12,000 June 3,600 18,000 a.$10.00 b.$0.63 c.$0.11 d.$0.67
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,070 15,158 April 2,688 10,482 May 2,870 12,037 June 3,847 17,906 Oa. $1.09 Ob. $1.56 Oc. $0.16 Od. $1.05
Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low method to calculate Leno's variable utilities cost per machine hour. September October November December a) £0.08 b) £4.86 c) £0.25 d) £12.50 Cost Machine Hours £4,100 22,000£3,700 18,000£3,900 19,000 £4,500 28,000
Harbor Images has collected the following cost data for various levels of activity: Images Created Total Cost $5,700 $6,320 $9,210 $5,250 Month 6,000 7,750 8,100 4,500 August September October November a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.) Variable Cost Per Image Fixed Cost Per Month b. Estimate the total costs when 6,500 images are created. (Do not round your intermediate calculations.) Total Costs
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. Cost Machine Hours March $3,139 14,709 April 2,650 9,989 May 2,817 12,342 June 3,656 17,720 a. $0.74 b. $0.13 c. $1.43 d. $0.78
Given the following costs and activities for Downing Company electrical costs, use the high-low method to calculate Downing’s variable electrical costs per machine hour.
See question in picture . Multiple choice options as follows : A. $4.00 B.$15.00 C. $18.00 D.$60.00