User Account

All Pages

Estimate the variable and fixed components of this cost

Assignment Help Accounting Basics
Reference no: EM131783546

Problem - Electrical costs at one of Gotch Corporation's factories are listed below:

Machine -Hours Electrical Cost

March ........................ 3,731 $35,243

April .......................... 3,728 35,248

May ........................... 3,765 35,479

June ........................... 3,793 35,651

July ........................... 3,797 35,692

August ........................ 3,701 35,044

September .................... 3,800 35,694

October ....................... 3,735 35,276

November .................... 3,740 35,325

Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to:

a. $0.15 per machine-hour; $35,115 per month

b. $9.11 per machine-hour; $1,249 per month

c. $9.43 per machine-hour; $35,406 per month

d. $6.57 per machine-hour; $10,728 per month

Reference no: EM131783546

Questions Cloud

Calculate albert recognized gain under both options : Albert will sell the land for $50,000 and the buyer will assume the mortgage. Calculate Albert's recognized gain under both options
How would an effective compliance officer manage situation : How would an effective compliance officer manage this situation? Could you stop the expansion if you felt the risk was too great?
Effective way to differentiate yourself as an accountant : Improving your writing skills is an effective way to differentiate yourself as an accountant
What are the conditions or trends in the macro-environment : What are the conditions or trends in the Macro-environment that affect Comcast’s business?
Estimate the variable and fixed components of this cost : Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to
Determine natural frequencies for a specific value : Determine this value, and assuming that there is an eccentricity e of mass equal to me, determine the equations of motion.
Find one example of product publicity : Find one example of Product Publicity, and describe how the publicity was positive or negative.
Define bargain electronics will incur special shipping costs : A foreign wholesaler offers to buy 4,670 units at $30 each. Bargain Electronics will incur special shipping costs
Describe a way to select sample and test the given controls : Should these controls be categorized as key controls? What is the benefits of testing these controls? Describe a way to select a sample and these controls.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Analyze the actions taken by cardillo''s outside auditors

Create an argument for or against whether auditors have a responsibility to assess the judgment of the decisions made by Cardillo's management. Support the argument

  Abc company began operations on june 1 of the current year

abc company began operations on june 1 of the current year. during this time the company produced 370000 units and sod

  Determine whether the proposed change in assets

Determine whether the proposed change in assets' useful life is unethical or good business practice

  Calculate the earnings per share

If Finco had issued a 15% stock dividend in 2016 and did not have a stock split, calculate the 2015 earnings per share

  Which corporate tax levies are imposed on an s corporation

Which of the following corporate tax levies are imposed on an S corporation? Can a recourse debt of a partnership increase the basis of a limited partner's partnership interest? Explain.

  Prepare the cost of goods manufactured statement

Close the over/under applied overhead to cost of goods sold (journal entry). Prepare cost of goods manufactured statement, cost of goods manufactured statement

  Unfortunately the car needs a few major repairs now among

susan crossing purchased a used ford focus for 8000. since purchasing the car she has spent the following amounts on

  The stockholders equity accounts of sigma corporation on

the stockholders equity accounts of sigma corporation on january 1 2010 were as follows.preferred stock 8 100 par

  Interest on beginning capital balances

Jones, Silva, and Thompson form a partnership and agree to allocate income equally after recognition of 10% interest on beginning capital balances and monthly salary allowances of $2,000 to Jones and $1,500 to Thompson. Capital balances on January..

  Discuss errors in recording merchandising transactions

Tilly Company made the following errors in recording merchandising transactions

  Record the journal entries for the transactions listed above

On January 5, 2010, Phelps Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock.

  How much of the january purchases are paid for in january

Assume January purchases are $65000. How much of the January purchases are paid for in January

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