Homework Answers
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Estimated Maintenance Cost = Variable Maintenance Cost + Fixed Maintenance Cost = (57,500 units x $0.05) + $2,750 = $2,875 + $2,750 = $5,625 |
Estimated Maintenance Cost at 57,500 units: $5,625
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Siders their maintenance expense to have a fixed portion and a variable portion that changes in...
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...
Donner Company would like to estimate the variable and fixed components of its maintenance costs and...
Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for the last five months of operations. Maintenance Labor Hours Cost January 160 130 553 March 180 625 April 624 May 532 617 February 190 ngh 110_cond Using the high-low method of analysis, the estimated total fixed cost per month for maintenance is: A $ 418.00 B. S 405.50 C. $ 385.86 D. $ 218.50 E. None of the...
What is Dugan's variable cost component for maintenance costs? $ _____ per machine hour b) What is Dugan's fixed cost component for maintenance costs? $ c) What are the total expected maintenance cost when the activity level is 450 machine hours? $
Dugan Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs:MonthTotal Maintenance CostsTotal Machine HoursJanuary$ 5,000400February$ 6,000500March$ 7,200700April$ 9,600900May$ 6,400600June$ 9,800890Use the high-low method to answer the following questions about Dugan Industries.Round your answers to two decimal places.a) What is Dugan's variable cost component for maintenance costs? $ _____ per machine hourb) What is Dugan's fixed cost component for maintenance costs? $ c) What are the total expected maintenance cost when the activity...
what is variable expense?? fixed shipping expense is correct *note* variable expense is not $25 or...
what is variable expense??
fixed shipping expense is correct
*note* variable expense is not $25 or $250
pter 6 Graded Homework i Required information [The following information applies to the questions displayed below.] commercial Archer Company is a wholesaler of custom-built air-conditioning units for monthly data relating to units shipped and total shipping expense: buildings. It gathered the following Units Shipped Month January February March April May June July Total Shipping Expense $ 1,800 $ 2.300 $1,700 $ 2, eee...
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 following information is available for a company's maintenance cost over the last seven months. Maintenance...
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
The controller of Cullumber Industries has collected the following monthly expense data for use in analyzing...
The controller of Cullumber 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 3,985 January February $3.004 3.454 4,097 4552 March 6,82B 5,121 April May June 3.642 6.076 8,990 5,490 9,105 Determine the variable cost components using the high-low method. (Round answer to 2 decimal placeses. 2250 Variable cost per machine hour $ e Textbook and Media Determine the fixed cost components using the...
The following information is available for a company’s maintenance cost over the last seven months. Month...
The following information is available for a company’s maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 110 $ 5,320 July 170 7,300 August 130 5,980 September 160 6,970 October 220 8,950 November 250 9,940 December 70 4,000 Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
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 Ayayai Industries has collected the following monthly expense data for use in analyzing the...
The controller of Ayayai 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
$2,880
300
February
3,120
390
March
3,720
540
April
4,620
650
May
3,320
540
June
5,920
700
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
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for the last five months of operations. Maintenance Labor Hours Cost January 160 130 553 March 180 625 April 624 May 532 617 February 190 ngh 110_cond Using the high-low method of analysis, the estimated total fixed cost per month for maintenance is: A $ 418.00 B. S 405.50 C. $ 385.86 D. $ 218.50 E. None of the...
what is variable expense??
fixed shipping expense is correct
*note* variable expense is not $25 or $250
pter 6 Graded Homework i Required information [The following information applies to the questions displayed below.] commercial Archer Company is a wholesaler of custom-built air-conditioning units for monthly data relating to units shipped and total shipping expense: buildings. It gathered the following Units Shipped Month January February March April May June July Total Shipping Expense $ 1,800 $ 2.300 $1,700 $ 2, eee...
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
The controller of Cullumber 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 3,985 January February $3.004 3.454 4,097 4552 March 6,82B 5,121 April May June 3.642 6.076 8,990 5,490 9,105 Determine the variable cost components using the high-low method. (Round answer to 2 decimal placeses. 2250 Variable cost per machine hour $ e Textbook and Media Determine the fixed cost components using the...
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 Ayayai 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
$2,880
300
February
3,120
390
March
3,720
540
April
4,620
650
May
3,320
540
June
5,920
700
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
$
LINK TO TEXT
LINK TO TEXT
Determine the fixed...
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