User Account

All Pages

Compute the fixed or variable elements of each cost

Assignment Help Managerial Accounting
Reference no: EM132527436

A company has collected the following information regarding costs at various levels of monthly activity:

                                                 January              February                       March

# of Customers                         500                    800                    1,000

Wages                                     $2,250                $3,600                  $4,500

Utilities                                        $250                   $280                        $325

Rent                                         $1,100                   $1,100                     $1,100

Required:

Question 1: Compute the fixed and/or variable elements of each cost. Show your answers in a table with the following format:

Fixed              Cost Per Month               Variable Cost Per Customer

Wages                       ?                                   ?

Utilities                       ?                                 ?

Rent                               ?                               ?

Reference no: EM132527436

Questions Cloud

How much amount should be distributed to each partner : The company liquidates, and $9,500 becomes available to the partners. Who gets the $9,500? How much of this amount should be distributed to each partner
Research on top down vs bottom up budgeting : Please do some research on top down vs bottom up budgeting. In your post describe the differences between each of these styles of budgeting
Prepare the necessary adjusting entries as at July : Zoom Ltd has Cash at Bank balance as per the company's record of $ 5,870 debit on 31st July 2019. Prepare the necessary adjusting entries as at July
Significance of formulating adequate policies : Discuss the significance of formulating adequate policies and procedures in your organization (JP Morgan Chase).
Compute the fixed or variable elements of each cost : Compute the fixed and/or variable elements of each cost. A company has collected the information regarding costs at various levels
How manage all of massive daily data : Describe how you manage all of your massive daily data and whether you think you like the system you have or you need to make it better somehow.
Outline a defense for your audit firm to any legal action : Your auditor's report for Data for the year ended 30 June 2018 was unmodified, Outline a defense for your audit firm to any legal action
What amount of cash payments were made for income taxes : Carla Vista Co. reported income taxes of $361,316,800 on its 2017 income statement. What amount of cash payments were made for income taxes
What is the amount of cash receipts from customers : Assume sales revenue was $1,334,894,200 for the year 2017. What is the amount of cash receipts from customers in 2017

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd