Solution-Estimate ginsburg monthly fixed supervision cost

Estimate ginsburg monthly fixed supervision cost

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Reference no: EM132844322

Question - Cost estimation: High-low method (LO3). Ginsburg and Company provide you with the following data:

Month	Supervision Cost	Labor Hours	Machine Hours
January	$27,500	2,400	5,040
February	$27,500	2,560	5,300
March	$32,540	3,360	6,600
April	$30,000	2,880	6,500
May	$32,630	3,300	6,750

Required -

a. Use the high-low method to estimate Ginsburg's monthly fixed supervision cost and the cost per labor hour. (i.e., assume Ginsburg uses labor hours as its measure of activity).

b. Use the high-low method to estimate Ginsburg's monthly fixed supervision cost and the cost per machine hour (i.e., assume Ginsburg uses machine hours as its measure of activity).

c. Which of the two estimates, the answer to question (a) or question (b), is likely to be more representative of actual cost behavior?

Reference no: EM132844322

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Estimate ginsburg monthly fixed supervision cost

Reference no: EM132844322

Reference no: EM132844322

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