High-Low Method: This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows: Variable cost per unit = ( High Cost - Low Cost ) ( High units - low units ) The formula to calculate the Fixed Cost is as follows: Fixed Cost = Total cost - (Units × Variable cost per unit) Requirement-1: To show : The estimated line of cost behavior

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Answer 1

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

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Electric Zero produces relay units for generators. Each relay has a standard cost of $67. Standards call for two relays per generator. In July, the company purchased 120 relays for $7,560. The company used 104 relays in the production of 50 generators, with four relays damaged in the installation process. The standard quantity of labor is 20 hours per generator, with a standard wage rate of $23. In July, the company incurred 1,020 labor hours at a cost of $22,950. How much is the labor efficiency variance? A) $460 unfavorable B) $50 favorable C) $510 favorable D) $460 favorable

Please solve this question general accounting

Provide cost account answer

Answer 2

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 6

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

Answer 7

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

Answer 8

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 9

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 21 - Prob. 1DQ Ch. 21 - Prob. 2DQ Ch. 21 - When output volume increases, do fixed costs per...Ch. 21 - Prob. 4DQ Ch. 21 - Prob. 5DQ Ch. 21 - Describe the contribution margin ratio in...Ch. 21 - Prob. 7DQ Ch. 21 - Prob. 8DQ Ch. 21 - Prob. 9DQ Ch. 21 - Prob. 10DQ

Requirement-2: To calculate: The fixed and variable components of maintenance cost

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Chapter 21 Solutions

Requirement-2:

To calculate: The fixed and variable components of maintenance cost