Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Brisbane Indoor Sports, a sporting complex, has opening hours that fluctuate from month to month. The electricity costs and hours of operation for past six months is listed below:
Month Total hours of operation Total electricity cost
January 650 $ 4,240
February 700 $ 4,400
March 800 $ 4,800
April 600 $ 4,200
May 550 $ 3,700
June 500 $ 3,600
Required:
Question 1: Use the high-low method to estimate the cost behaviour for the complex's electricity costs, assuming that the variable costs vary in proportion to the hours of operation. Express the total cost behaviour in formula form (Y = a + bx). What is the variable electricity cost per hour of operation?
Question 2: During July, the complex will open for 570 hours. Predict the complex's total electricity costs for July using the cost estimation method employed in above requirement a).
Question 3: What is the main drawback of the high-low method of cost estimation?
The proportions of the three products sold have remained steady over the years. How could the company compute a break-even point given this situation?
What are the various methods for evaluating possible capital projects, in terms of their possible benefits to the firm? Describe the benefits and/or shortcoming
Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and direct labor and overhead are added evenly throughout the process.
Prepare the adjusting entries based on the reconciliation. The correction of any errors pertaining to recording checks should be made to Accounts Payable.
Calculate the cost per unit of producing the canisters under the traditional approach - The Playdough company currently sell their canisters
calculte the folowingn1 gdp in income approachnbsp and expenditure approach2 gnp3 net gnp4 national income5 personal
Refer to Exercise In Exercise, Karen Corporation has compiled the following information from the accounting system for the one product it sells:
Prepare journal entry to record for Purchase of raw material, Adding direct material to Work-in-Process Inventory. Recording of variances.
How much profit can Ethan expect from weekend sales? A higher percentage of customers make a purchase when there are fewer customers in the store.
Find Cost of goods sold should be. The following data pertain to the Northwest Co Materials inventory, 1/1/19,Materials inventory, 12/31/19.
What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?
What drives consumption of costs? What are drivers and how do they help in the allocation process?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd