User Account

All Pages

How do find a high-low method

Assignment Help Managerial Accounting
Reference no: EM132471897

Objective:

Question 1) Demonstrate understanding of Cost Estimation, Cost-Volume-Profit, and Short-term Decision-making

Deliverables:

Question 2) Using the data and template provided, use the following two methods to make linear cost estimation equation (Total Cost = Unit Variable Cost x Units Sold + Total Fixed Cost):

a. How do you find a High-Low Method

b. How do you find a Linear Regression Method

Question 3) Assume that a company has forecasted 5,800 units sold, has an average selling price of $25.00 per unit, unit variable cost of $10.00 per unit, and a total fixed cost equal to $84,000. Using the template provided, perform the following analyses:

b. how do you find the Break-even Sales Volume

c. how do you find this based on a target profit equal to $6,000

Reference no: EM132471897

Questions Cloud

Describe strategies for including people in change processes : Review Chapter 5, and describe two strategies for including people in change processes. Share a related personal experience wherein a strategy was or was not.
How strategies for including people in the change process : Read the case study titled "Vineet Nayar Transforms HCL" on pages 119-122 in your textbook. Explain how the strategies for including people in change process.
What are the schools of thought you would discuss : Think of your past learning. What are the "schools of thought" you would discuss and move between as a self-actualized, self-transforming learner?
Distinguish among the key functions of hrm : You have applied for a job as Human Resources Director for a state agency. One of the interview panelists does not understand the need for an HR Director.
How do find a high-low method : How do find a High-Low Method. Demonstrate understanding of Cost Estimation, Cost-Volume-Profit, and Short-term Decision-making.
How can a business organization that has accounting function : How can a business organization that has an accounting function better protect itself from potential scandals and law suits? with proper examples?
Explain the difference between philanthropy and charity : Explain the difference between philanthropy and charity. Use examples from private and public non-profit organizations to describe these differences.
Make general journal entries to enter the transactions : August 13 Returned part of the purchase of August 10, $1,100, and received credit on account. Make general journal entries to enter the transactions
Research the impact of a specific technology on auditing : Research the impact of a specific technology on auditing, how auditors can better adapt to take advantage of these opportunities. Support your suggestions

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Provide at least one aspect of the recognition

Provide at least one aspect of the recognition, measurement or disclosure criteria from the standards needs to be presented.

  What are the main products offered by kodak to its customers

What are the main products offered by Kodak to its customers, and how would you position these products on the goods-to-services continuum of products?

  Contrast job order costing to process costing methods

What kind of system makes sense for your company, given that you plan to start with only one version of your product but at some point in the future may offer a variety of options?

  Calculate margin of safety

Calculate Operating Leverage and Degree of Operating Leverage. Compare the short-term profit between the High Quality and Low Price.

  How should the government and producers balance safety

How should the government and producers balance safety  i.e. carefully assessing the vaccine so that few unintended consequences occur versus speed of getting the vaccine to patients?

  Inventory information for several oil paintings follows

Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

  What are the aim usefulness and shortcomings of

1. What are the aim, usefulness, and shortcomings of? a) Cost-volume-profit analysis b) The concept of operating leverage?

  Calculate the accounting rate of return

Determine the NPV of the new facility - Calculate the IRR (approximate) - Calculate the payback period and Calculate the accounting rate of return.

  Planning and control of financial statements

Do you believe that internal management accountants possess the degree of skill commonly possessed by outside accountants and auditors? Explain your reasoning.

  Question on breakeven sales

Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?

  What was the total expected cost per unit

BUSM 4129/4126 Accounting for Business Decisions. Using budget data, what was the total expected cost per unit if all shipping and manufacturing overheads (both variable and fixed) were allocated to planned production? What was the actual cost per ..

  Discuss the rationale that underlies managements belief

Columbia's management feels that the time value of money should be considered in all long-term decisions. Briefly discuss the rationale that underlies management's belief.

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