cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

Question

Want to see the full answer?

Answer 1

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Choose the right option

What does GAAP stand for in financial accounting?a) Generally Accepted Accounting Principlesb) Generally Applied Accounting Proceduresc) General Accounting and Auditing Practicesd) Generally Acknowledged Accounting Policies

Provide step by step explanation general accounting question

Answer 2

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

2.

To determine

To construct: The graph of the of the cost faction and comment on that

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 6

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Answer 7

Chapter 10, Problem 10.30E

1.

To determine

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Answer 8

2.

To determine

To construct: The graph of the of the cost faction and comment on that

Answer 9

2.

To determine

To construct: The graph of the of the cost faction and comment on that

Answer 10

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 11

3

To determine

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 10 - What two assumptions are frequently made when...Ch. 10 - Describe three alternative linear cost functions.Ch. 10 - What is the difference between a linear and a...Ch. 10 - High correlation between two variables means that...Ch. 10 - Name four approaches to estimating a cost...Ch. 10 - Describe the conference method for estimating a...Ch. 10 - Describe the account analysis method for...Ch. 10 - List the six steps in estimating a cost function...Ch. 10 - When using the high-low method, should you base...Ch. 10 - Describe three criteria for evaluating cost...

cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

cost equation for the quarterly data by using the high low method. Given information: Highest maintenance cost value is $280,000. Highest machinery hours are 140,000. Lower maintenance cost value is $190,000. Lower machinery hours are 95,000.

To construct: The graph of the of the cost faction and comment on that

Regression analysis: Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable. Predicted maintenance cost in quarter 13 Given information: Slope coefficient is $2. Intercept coefficient is $0.

Want to see the full answer?

Chapter 10 Solutions

cost equation for the quarterly data by using the high low method.

Given information:

Highest maintenance cost value is $280,000.

Highest machinery hours are 140,000.

Lower maintenance cost value is $190,000.

Lower machinery hours are 95,000.

Regression analysis:

Regression analysis is that term which is used to understand the relationship between the independent variable and the dependent variable.

Predicted maintenance cost in quarter 13

Given information:

Slope coefficient is $2.

Intercept coefficient is $0.