User Account

All Pages

Draw scattergraph relating labor costs to number of visitors

Assignment Help Cost Accounting
Reference no: EM133062583

Question - Palisades Eco-Park is a small ecological reserve that admits a relatively small number of visitors on any day, but provides both educational and entertaining lectures, exhibitions, and opportunities to observe nature. The company has collected the following data on labor costs and number of visitors to the park over the last 30 months.

Month

Labor Cost

Visitors

1

$25,099

1,010

2

$35,277

1,540

3

$38,852

1,670

4

$30,764

1,320

5

$33,837

1,410

6

$31,760

1,296

7

$31,129

1,310

8

$37,264

1,590

9

$37,491

1,640

10

$45,622

2,122

11

$40,980

1,768

12

$37,940

1,666

13

$33,482

1,435

14

$32,247

1,388

15

$35,939

1,490

16

$25,760

1,247

17

$29,807

2,018

18

$29,124

1,655

19

$26,820

1,433

20

$29,165

1,766

21

$24,975

1,188

22

$23,967

1,066

23

$28,085

1,941

24

$29,311

2,268

25

$27,334

1,540

26

$30,805

1,945

27

$27,851

1,776

28

$29,091

1,812

29

$27,644

1,492

30

$27,096

1,233

Required -

a. Estimate the labor costs assuming 1,900 visitors for the month using the high-low method.

b. Draw a scattergraph relating labor costs to the number of visitors.

Reference no: EM133062583

Questions Cloud

By how much their profit increases or decreases : Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much
Explain the exchange rate risk : a) Suppose that a March call option on a stock with an exercise price of $45 costs $2 and is held until March.
What is Bellfont production cost per door stopper : Bellfont expects to produce 100,000 door stoppers. Assuming no structural changes, what is Bellfont's production cost per door stopper for September
Estimated value per share of boehm stock : Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of this year (i.e. Dj = $1.50). The dividend is expected to grow at a constant rate
Draw scattergraph relating labor costs to number of visitors : The company has collected the following data on labor costs and number of visitors to the park over the last 30 months. Draw a scattergraph relating labor costs
Calculate the new wacc of fold : Required: Calculate the new WACC of Fold's using the cost of new debt and preferred equity. The capital structure for Fold's will be 40% debt, 10% preferred equ
Determine the cost of liquidating : The trustee estimates firm Pro's liquidation value is $135 million. Alternatively, the trustee predicts that the reorganized business will generate $16 million
Sorts of financial investments : In our Risk/Return hierarchy, what sorts of financial investments are subject to default risk? What things have inflation risk? Can you explain how interest rat
Evaluate the value of a stock : Explain what is the best way to evaluate the value of a stock, in your opinion. Defend your reasoning. Where appropriate, contrast your opinion with other techn

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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