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Homework Answers
High-low Method:
Variable cost Per Machine hours
= ( Total cost at High machine-hours - Total Cost Low Machine Hours)/ ( High Machine hours - Low Machine Hours)
High Activity = June ( MH =630, Cost = 6,300)
Low Activity = January ( MH 230 , cost = 2,700)
=(6300-2700) / ( 630-230)
=( 3600/400) = $ 9.00 Per MH
Answer : Variable cost Per Machine hour = $ 9.00
Add Answer to:
he controller of Furgee Industries has collected the following
monthly expense data for use in analyzing...
LUS nat, Managerial Accounting, Fifth Canadian Edition Help System Announcements URCES 20 Month January February March...
LUS nat, Managerial Accounting, Fifth Canadian Edition Help System Announcements URCES 20 Month January February March April Total Maintenance Costs $2,700 3,350 4,400 5,870 3,700 6,300 Total Machine Hours 230 280 430 620 330 630 May June by Study (ai) Your answer is correct. Determine the variable cost component using the high-low method. Variable cost per machine hour SHOW SOLUTION LINK TO TEXT Atten (2) Determine the fixed cost component using the high-low method. Fixed costs 16 tv
The controller of Furgee Industries has collected the following monthly expense data for use in analyzing...
The controller of Furgee Industries
has collected the following monthly expense data for use in
analyzing the cost behavior of maintenance costs.
Month
Total Maintenance Costs
Total Machine Hours
January
$2,670
330
February
3,170
480
March
3,770
630
April
4,670
560
May
3,370
530
June
5,010
730
(a)
Your answer is correct.
Determine the variable cost
components using the high-low method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost
per machine hour
$
(b)
Your answer is...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,740 3,000 February 3,150 4,050 March 3,950 6,150 April 4,570 8,200 May 3,290 5,500 June 5,178 8,300 Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost $ per machine hour Determine the fixed cost component using the high-low method. Fixed...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing...
The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Month Total Maintenance Costs Total Machine Hours January $2,750 3,500 February 3,000 4,000 March 3,600 6,000 April 4,500 7,900 May 3,200 5,000 June 5,000 8,000 (a) Determine the fixed and variable cost components using the high- low method. (b) Prepare a graph showing the behaviour of maintenance costs, and identify the fixed and variable cost elements. Use 2,000-hour...
The controller of Swifty Industries has collected the following monthly expense data for use in analyzing...
The controller of Swifty Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,880
360
March
3,480
510
April
4,380
680
May
3,080
510
June
5,150
700
(a1)
Determine the variable cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $3,105 4,116 February 3,528 4,704 March 4,234 7,056 April 5,292 9,290 May 3,763 5,880 June 5,433 9,408 (a1) Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$6,770
6,300
February
7,720
7,200
March
10,680
10,800
April
13,822
14,220
May
9,100
9,000
June
14,060
14,400
(a1)
Your answer is correct.
Determine the variable-cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
Click if you would like...
Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use...
Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs Total Total Month Maintenance Costs Machine Hours January February March April May $2,720 3,250 3,600 4,510 3,380 5,372 2,800 4,300 6,500 7,950 5,200 8,000 June Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO Determine the fixed cost component using the high-low...
The controller of Norton Industries has collected the following monthly expense data for use in analyzing...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
Determine the variable cost components using the high-low method.
(Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT...
The controller of Swifty Industries has collected the following monthly expense data for use in analyzing the...
The controller of Swifty Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,880
360
March
3,480
510
April
4,380
680
May
3,080
510
June
5,150
700
(a1)
Your answer is correct.
Determine the variable cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
Click if you would...
LUS nat, Managerial Accounting, Fifth Canadian Edition Help System Announcements URCES 20 Month January February March April Total Maintenance Costs $2,700 3,350 4,400 5,870 3,700 6,300 Total Machine Hours 230 280 430 620 330 630 May June by Study (ai) Your answer is correct. Determine the variable cost component using the high-low method. Variable cost per machine hour SHOW SOLUTION LINK TO TEXT Atten (2) Determine the fixed cost component using the high-low method. Fixed costs 16 tv
The controller of Furgee Industries
has collected the following monthly expense data for use in
analyzing the cost behavior of maintenance costs.
Month
Total Maintenance Costs
Total Machine Hours
January
$2,670
330
February
3,170
480
March
3,770
630
April
4,670
560
May
3,370
530
June
5,010
730
(a)
Your answer is correct.
Determine the variable cost
components using the high-low method. (Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost
per machine hour
$
(b)
Your answer is...
The controller of Swifty Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,880
360
March
3,480
510
April
4,380
680
May
3,080
510
June
5,150
700
(a1)
Determine the variable cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
The controller of Hall Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$6,770
6,300
February
7,720
7,200
March
10,680
10,800
April
13,822
14,220
May
9,100
9,000
June
14,060
14,400
(a1)
Your answer is correct.
Determine the variable-cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
Click if you would like...
Question 15 The controller of Gutierrez Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs Total Total Month Maintenance Costs Machine Hours January February March April May $2,720 3,250 3,600 4,510 3,380 5,372 2,800 4,300 6,500 7,950 5,200 8,000 June Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) Variable cost per machine hour LINK TO Determine the fixed cost component using the high-low...
The controller of Norton Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,590
330
February
2,890
380
March
3,490
530
April
4,390
660
May
3,090
530
June
5,530
730
Your answer is incorrect. Try again.
Determine the variable cost components using the high-low method.
(Round variable cost to 3 decimal places e.g.
12.250.)
Variable cost per machine hour
$
LINK TO TEXT...
The controller of Swifty Industries has collected the following
monthly expense data for use in analyzing the cost behavior of
maintenance costs.
Month
Total
Maintenance Costs
Total
Machine Hours
January
$2,550
300
February
2,880
360
March
3,480
510
April
4,380
680
May
3,080
510
June
5,150
700
(a1)
Your answer is correct.
Determine the variable cost components using the high-low method.
(Round variable cost to 2 decimal places e.g.
12.25.)
Variable cost per machine hour
$
Click if you would...
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