High-low method of cost estimation

Assignment Help Accounting Basics

Reference no: EM13123286

Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs in August are:

a) $56,000

b) $28,400

c) $17,600

d) cannot be determined from the data given

Reference no: EM13123286

Questions Cloud

Find the total pressure for a mixture : Find the total pressure for a mixture that contains four gases with partial pressures of 5.38 kPa, 4.52 kPa, 3.16 kPa, and 1.23 kPa.

Variable costs as a percentage of sales : Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

Explain the four methods of allocating joint costs : Explain when you would use a process costing system and what the purpose of equivalent units is.

Calculate the molar mass of the biomolecule : A 1.70-g sample of a large biomolecule was dissolved in 11.0 g of carbon tetrachloride. The boiling point of this solution was determined to be 77.85°C. Calculate the molar mass of the biomolecule.

High-low method of cost estimation : Ingram Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000.

Vertex chromatic numbers and betti numbers : In the page 82 B(G) is defined like independent sets like you say but in the page 187 it other kind of B and it is define like Betti number and it is defined below

How much cl2 can be produced : NaCl(aq) + H2O(l) → NaOH(aq) + Cl2(g) + H2(g). If the brine contains 389 g of NaCl, how much Cl2 can be produced.

Merely supported beam- maximum bending moment : Simply supported beam- Maximum bending moment, The bending moment M at position x m from the end of a simply supported beam of length L m carrying a uniformly distributed load of w Kn m-1 is given by

Find confidence interval for difference between two years : Find a 95% confidence interval for the difference between this year and last year in the mean number of units sold at all retail stores and interpret the results.

User Account

All Pages