Homework Answers
a. using the high low method
highest processing cost = $ 49000
Lowest Processing Cost = $ 28000
Highest Units produced = 17000
Lowest Units produced = 7500
variable cost = Highest Cost - Lowest Cost/Highest Units - Lowest Units produced
= 49000-28000/ 17000-7500
= 21000/9500
= $ 2.21
fixed cost = highest cost - (variable cost x highest units produced)
= 49000 - (2.21 x 17000)
= 49000 - 37578.94
= $11,421.05
b. calculation of processing cost if 22000 units produced
processing cost = fixed cost + variable cost
= 11421.05 + 22000 units x 2.21 per unit
= 11421.05+48620
processing cost = $ 60,041
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Below are the processing costs of Well Inc. observed for producing a type of vitamin C...
Below are the processing costs of Well Inc. observed for producing a type of vitamin C...
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month Processing Cost 1 2 3 4 5 Units of bottles Produced 9500 13,000 17,000 7,500 11,000 8,500 $34,000 $42,000 $49,000 $28,000 $37,000 $30,000 6 Use the high low method to determine the variable cost per unit and fix cost per month. Express your results in the form of a linear equation y= a + bx....
Below are the processing costs of Well Inc. observed for producing a type of vitamin C...
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month Units of bottles Produced Processing Cost 1 9500 $34,000 2 13,000 $42,000 3 17,000 $49,000 4 7,500 $28,000 5 11,000 $37,000 6 8,500 $30,000 a. Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y = a...
Below are the processing costs of Well Inc. observed for producing a type of vitamin C...
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month 1 2 3 4 5 6 Units of bottles Produced 9500 13.000 17,000 7,500 11,000 8,500 Processing Cost $34.000 $42.000 $49,000 $28,000 $37.000 $30,000 a. Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y= a +...
Below are the processing costs of Hansen Inc. observed for producing a type of mult-vitamin tablets...
Below are the processing costs of Hansen Inc. observed for producing a type of mult-vitamin tablets in bottles over the last 6 months: Month Units of bottles Produced Processing Cost 1 5500 $36,000 2 9,000 $44,000 3 13,000 $51,000 4 3,500 $30,000 5 17,000 $39,000 6 4,500 $35,000 Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y = a + bx....
Paragraph Select- Styles Editing Voir Below are the processing costs of Hansen Inc. observed for producing...
Paragraph Select- Styles Editing Voir Below are the processing costs of Hansen Inc. observed for producing a type of mult vitamin tablets in bottles over the last 6 months Month 1 2 3 4 5 6 Units of bottles Produced 5500 9,000 13,000 3,500 17,000 4.500 3 Processing Cost $36,000 $44,000 $51,000 $30,000 $39,000 $35,000 a Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of...
it is a managerial accounting it is a important question please donot carefully 11 ta Below...
it
is a managerial accounting
it is a important question please donot carefully
11 ta Below are the processing costs of Hansen Inc. observed for producing a type of mult- vitamin tablets in bottles over the last 6 months: Ay > Month 1 2 3 4 5 6 Units of bottles Produced 5500 9,000 13,000 3,500 17,000 4,500 Processing Cost $36,000 $44,000 $51,000 $30,000 $39,000 $35,000 a Use the high low method to determine the variable cost per unit and...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Units Processing Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler. 2. Using the quick-and-dirty method, what is the approximate monthly fixed cost? The approximate vari- able cost per unit processed? Show your computations....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9,000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8.000 Processing Cost $38.000 $52,000 $56,000 $40,000 $47.000 $52,000 $14,000 $41,000 $52,000 $43,000 $48.000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9.000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8,000 Processing Cost $38,000 $52,000 $56,000 $40,000 $47,000 $52,000 $44,000 $41,000 $52,000 $43,000 $48,000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9.000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8,000 Processing Cost $38,000 $52,000 $56,000 $40,000 $47,000 $52,000 $44,000 $41,000 $52,000 $43,000 $48,000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month Processing Cost 1 2 3 4 5 Units of bottles Produced 9500 13,000 17,000 7,500 11,000 8,500 $34,000 $42,000 $49,000 $28,000 $37,000 $30,000 6 Use the high low method to determine the variable cost per unit and fix cost per month. Express your results in the form of a linear equation y= a + bx....
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month 1 2 3 4 5 6 Units of bottles Produced 9500 13.000 17,000 7,500 11,000 8,500 Processing Cost $34.000 $42.000 $49,000 $28,000 $37.000 $30,000 a. Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y= a +...
Paragraph Select- Styles Editing Voir Below are the processing costs of Hansen Inc. observed for producing a type of mult vitamin tablets in bottles over the last 6 months Month 1 2 3 4 5 6 Units of bottles Produced 5500 9,000 13,000 3,500 17,000 4.500 3 Processing Cost $36,000 $44,000 $51,000 $30,000 $39,000 $35,000 a Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of...
it
is a managerial accounting
it is a important question please donot carefully
11 ta Below are the processing costs of Hansen Inc. observed for producing a type of mult- vitamin tablets in bottles over the last 6 months: Ay > Month 1 2 3 4 5 6 Units of bottles Produced 5500 9,000 13,000 3,500 17,000 4,500 Processing Cost $36,000 $44,000 $51,000 $30,000 $39,000 $35,000 a Use the high low method to determine the variable cost per unit and...
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Units Processing Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted points using a ruler. 2. Using the quick-and-dirty method, what is the approximate monthly fixed cost? The approximate vari- able cost per unit processed? Show your computations....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9,000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8.000 Processing Cost $38.000 $52,000 $56,000 $40,000 $47.000 $52,000 $14,000 $41,000 $52,000 $43,000 $48.000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9.000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8,000 Processing Cost $38,000 $52,000 $56,000 $40,000 $47,000 $52,000 $44,000 $41,000 $52,000 $43,000 $48,000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
EXERCISE 3-2 Scattergraph Analysis [LO2] Oki Products, Ltd., has observed the following processing costs at various levels of activity over the last 15 months: Month Units Produced 4,500 11,000 12,000 5,500 9.000 10,500 7,500 5,000 11,500 6,000 8,500 10,000 6,500 9,500 8,000 Processing Cost $38,000 $52,000 $56,000 $40,000 $47,000 $52,000 $44,000 $41,000 $52,000 $43,000 $48,000 $50,000 $44,000 $48,000 $46,000 Required: 1. Prepare a scattergraph using the above data. Plot cost on the vertical axis and activity on the horizontal axis....
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