Computing expected utility cost by high-low method

Assignment Help Accounting Basics
Reference no: EM1363497

Frenchy's Company needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows:

April - 4500 machine hours and $9,560 Utilities expense

May - 4200 machine hours and $9,440 Utilities expense

June - 6500 machine hours and $11,725 Utilities expense

July - 7000 machine hours and $11,400 Utilities expense

Frenchy's management anticipates producing 5,000 units in August. The company uses the high-low method to analyze costs. Using the high-low method, determine the expected costs for Utilities in August. B. Using the data calculated above, estimate the utilities cost for August.

Reference no: EM1363497

Questions Cloud

Find the net average force that acts on each car : while the airport sends out a rescue crew, how far will the crew have to fly to reach the aircraft if they fly in a straight line from Galisto?
Show sample two-way tables : Prepare two-way tables of percentages for the subsequent pair of variables and how would you run the percentages
Reducing the risk of cancer or heart disease : List the 5 supplements you found as well as any information about them and how they may reduce the risk of cancer or heart disease.
Explain why does not just one state produce all of orange : explain why does not just one state produce all of the orange juice for the U.S. market? Can you answer this question without the simulation.
Computing expected utility cost by high-low method : Frenchy's Company needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows: determine the expected costs for Utilities in August. B. Using the data calculated above, e..
Show technological advances in telecommunications : Technological advances in telecommunications - What technological advances in telecommunications and transportation have influenced global business in the last decade
Draw vectors indicating the normal force : Draw vectors indicating the normal force. suppose that the weight of the femur is negligible compared to the applied downward force.
Certification and accreditation for commercial systems : Using Network Security Certification and Accreditation for commercial systems. Do you think a formal process like Certification & Accreditation is appropriate to use for commercial systems in private industry (Why or Why Not)?
Illustrate what is key assumption of basic keynsian model : Illustrate what is the key assumption of the basic Keynsian model? Explain why this assumption is needed if one is to accept the view that aggregate spending is a driving force behind short-term economic fluctuations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare journal entries for land

Land was given to the company by the State of Florida to use as a manufacturing facility site. The market value of the land at the time of the donation was $102,000. Prepare journal entries for Overland Company to record the above transactions

  Short run and long run equilibrium in fishing rod market

How would you predict that the short-run equilibrium that you have identified in question 1 will change? Illustrate your answer using appropriate diagrams. What will be the long-run equilibrium number of fishing rod manufacturers?

  Preventative controls

Discuss the nature of preventive controls that may be designed into an AIS. Give an example and explain how it may prevent fraud or abuse of the system.

  City of sharpesburg-library book permanent fund

Prepare a separate Statement of Revenues, Expenditures, and Changes in Fund Balances for the Library Book Permanent Fund for the Year Ended December 31, 2012.

  Find out franchisee breakeven sales in dollars

Find out a franchisee's breakeven sales in dollars. Is franchising good idea for Wong if franchisees want a minimum monthly operating income of $6,000 and Wong believes that most locations could generate $26,000 in monthly sales?

  Government financial statements

Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.

  Compute the equivalent units of production

Evaluate the equivalent units of production for each cost element in the Creation Dep. for the month just ended. Find out the average cost per equivalent unit for each cost element.

  Journal entries and t-accounts for decort company

DeCort Company had these adjusting entry situations at the end of December:May 1-paid $960 for a two -year insurance policy. The policy was for the period May 1-April 30(for 2yrs). This is the first year of the policy-Transaction was recorded as i..

  Airbus plant relocation

This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.

  Factoring accounts receivable-journal entry

On May 1, Battery, Inc. factored $800,000 of accounts receivable with Quick Finance on a without recourse basis. Under the arrangement, Battery was to handle disputes concerning service, and Quick Finance was to make the collections

  Change in accounting estimate

A change in an accounting estimate is: how much depreciation expense should the company recognize on December 31, 2010?

  Effect of full cost-variable cost transfer pricing method

Examine the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows by using a spreadsheet program such as Excel.

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!

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