User Account

All Pages

How to estimate both the fixed and variable components

Assignment Help Cost Accounting
Reference no: EM132583022

The following information is available for a company's maintenance cost over the last seven months.

Question 1: Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

Month Maintenance Hours Maintenance Cost

June. . . . . . . . . . . . . . 9 $5,450

July . . . . . . . . . . . . . . 18 6,900

August . . . . . . . . . . . 12 5,100

September . . . . . . . . 15 6,000

October . . . . . . . . . . 21 6,900

November . . . . . . . . 24 8,100

December . . . . . . . . 6 3,600

Reference no: EM132583022

Questions Cloud

Develop succession plan or exit strategy for business : Develop a succession plan or exit strategy for a business. Within your response, be sure to discuss which elements are essential to this succession plan
Develop the Violations of Policy section of your ISP : Task - Develop the Violations of Policy section of your ISP. Develop the section on Violations of Policy which describes the penalties for violating policy
Gathering demographics to setup new hospital : Your hospital is considering opening a satellite urgent care center about five miles from your main campus.
Why is the demand for healthcare products usually inelastic : Why is the demand for healthcare products usually inelastic? Why is the demand for an individual firm's healthcare products usually elastic?
How to estimate both the fixed and variable components : How to estimate both the fixed and variable components of its maintenance cost. The information is available for a company maintenance cost
Project procurement legal rights and responsibilities : Discuss the legal aspects involved with contract management and closure. Document what might be terms for contract termination by either the seller or buyer.
Write essay on impact of social media to American community : Assignment - Write an essay about impact of social media to American community. Has social media exacerbated this loss of community
Determine its break-even point in both sales units : If the company continues to use the old material, determine its break-even point in both sales units and sales dollars of each individual product.
Calculate the variation of the standard cost of materials : Calculate the variation of the standard cost of materials, if the standard specification sheet showed the Materials Quantity Total Value

Reviews

Write a Review

Cost Accounting Questions & Answers

  1 does your support department give significant support to

1. does your support department give significant support to other support departments and does it receive important

  Questionivan and irene have the given investment

questionivan and irene have the given investment incomedividends qualified on big bank stock 850dividends qualified on

  Prepare abbreviated income statements

Prepare abbreviated income statements for the years 2011 and 2012 on the cash basis -Prepare abbreviated income statements for the years 2011 and 2012 on the accrual basis.

  Service food vendorralph newkirk is considering a bid for

service food vendorralph newkirk is considering a bid for the hot dog and soft drink concession at the 14 football

  What is the effect of this transaction on year

What is the effect of transaction on this year's and next years income statement and income tax expense? Why and Heinen Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?

  Find the break-even point in terms of unit and sales

Find the break-even point in terms of unit and sales in $ and interpret the result find if six workers installed 360 square yards of flooring in eight hours?

  Compute the net cash flow from operating activities

Yokum Company had the following transactions for 20X1: Collections on accounts receivable $236,250 Payments on inventory ($168,750) Payments for wages and salaries ($78,750) Payments of dividends ($11,250)Depreciation expense ($22,500) Income taxes p..

  How important is the time value of money in these decisions

Advanced Cost Accounting How important is the time value of money in these decisions? Why? - This is a good question for making one think about the uses

  Find how much will nunnally report as accounts payable

The accounts payable account is used only for direct materials. Find How much will Nunnally report as accounts payable on their balance sheet at the end of May?

  Compute for the cost per eup for materials and conversion

Compute for the cost per EUP for materials and conversion. Compute for the cost per EUP for materials and conversion. Compute for the cost assigned to units.

  Explain how services differ from tangible products

What is a service? Explain how services differ from tangible products.3. Identify the three cost elements that determine the cost of making a product (forexternal reporting).

  Compute the annual interest rate

Compute the annual interest rate implicit in the sales discount and should the customer borrow from the bank so that he can take advantage of the discount?

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