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Estimate variable and fixed components of the cost

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Reference no: EM132598142

Supply costs atRpard Ltd, chain of gyms are listed below.the supply cost is a mixed cost.

                Clients visit.                Supply cost

February.    13801.                        28607

March.       13753.                         28575

April.           13968.                        28707

May.             13780.                       28588

June.             13963.                      28704

July.               13166.                      28093

August.            13351.                      28241

September.         13334.                     28229

October.              13867                     28657

Question 1: Management believes that supply cost is a mixed cost that depends on client visits, using high low methods to estimate variable and fixed components of this cost, estimate will be closest to?

Watts company uses predetermined overhead rate to apply manufacturing overhead to jobs. Pre-determined overhead rate is based on labour cost in department. A and on machine hours in depth. B at the beginning of the year, the company made the following estimates

                                DeptA.             DeptB

Direct labour cost         30000.           40000

Manufacturing oveh.     60000.           50000

Direct labour hours.        6000.            8000

Machine hours.           2000.                  10000

Question 3: What predetermined overhead rates would be used in Dept A and Dept B?

4.beaver company used a predetermined overhead rate last year of R2per direct labour hour, based on an estimate of 25000,direct labour hours to be worked during the year. Actual costs and activity during the year were:

Actual manufacturing overhead cost incurred 47000

Actual direct labour hours worked 24000

Question 4: The underapplied or overapplied overhead last year was?

Reference no: EM132598142

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