Find what is the variable cost per hour

Assignment Help Managerial Accounting
Reference no: EM132536237

Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method. The cost driver is number of labor hours. Wallace determines that the high and low costs are $25,970 and $18,474, respectively, and the values for the cost driver are 3,593 and 2,058 hours, respectively.

Question 1 : What is the variable cost per hour? (Round your answer to 2 decimal places.)

Reference no: EM132536237

Questions Cloud

Why is anthrax such a potent weapon of bioterrorism : Why is Anthrax such a potent weapon of bioterrorism? What are the characteristics that make it so? Cite your sources in your work and provide references.
What was the amount of Argons Retained Earnings : Common stock, $8 par, 100,000 shares authorized and issued, $800,000. What was the amount of Argon's Retained Earnings and net income
The quantitative method : Explain how your research plan might consider the use of a quantitative experimental, quasi-experimental, or non-experimental design.
What is the strength of the magnetic field : What is the strength of the magnetic field? Express answers in Tesla
Find what is the variable cost per hour : What is the variable cost per hour? (Round your answer to 2 decimal places.) Wallace Heating is attempting to estimate its costs
Prepare Journal Entries on the books of AA Company : The entity has the option to purchase the machine on January1, 2030 by paying P200,000. Prepare Journal Entries on the books of AA Company
Evaluate factors that can influence personality development : Personality is the scientific study of how and why people are the way they are and provides an explanation for an individual's feelings, thoughts, behaviors.
What is the value for the variable cost per unit : Williams Inc. produces fluorescent lightbulbs for commercial use. What is value for (the variable cost per unit)? What is the value for a (the fixed quantity)?
Moldovan cottage industry exposes the ethical conflicts : Case scenario titled Selling of Kidneys Becomes A Moldovan Cottage Industry exposes the ethical conflicts between simple market economics and human rights.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the contribution margin for schuppener company

For Schuppener Company $6 per unit, and administrative costs are $3 per unit; fixed costs for 10,000 units are $10,000. The contribution margin is

  Provide the codification citation to the authority

Based on the facts presented, provide a brief statement of the issue to be researched. - Provide the Codification citation to the authority that resolves the research issue-be specific.

  Lead financial analyst for a company

You are the lead financial analyst for a Company and have the most knowledge and understanding regarding this Company's operations and financial condition.

  Prepare a budgeted income statement for june

Prepare a budgeted income statement for June and prepare a budgeted balance sheet as of June 30

  What unit selling price should gargantuan industries

What unit selling price should Gargantuan Industries select for each of the Super Clean compounds for the remaining six months of the year? Support your selection with appropriate calculations.

  How much is demi net cash flow from operating activities

How much is Demi's net cash flow from operating activities in 2019? Demi Inc. has an accrual basis net loss of $40,000 in 2019

  What is the best answer given this information

What is the best answer given this information?

  Question on net cost of call premium

Buchanan Corp. is refunding $12 million worth of 10% debt. The corporation's tax rate is 35%. The call premium is 9%. What is the net cost of the call premium? Please show ALL work of how the answer was composed.

  Evaluate the total contribution margin

Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume.

  What is the correct make-or-buy decision

Swifty, Inc. can purchase the component externally for $88000 and only $7600 of the fixed costs can be avoided, what is the correct "make-or-buy decision"?

  What is the fixed overhead spending variance

What is the fixed overhead spending variance? H&X Co. uses a standard job cost system with a normal capacity of 26,700 direct labour hours. H&X Co.

  Determining the net cash flow from operating activities

How much is Lumos' net cash flow from operating activities in 2016?

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