Using the high low method and the willco data

Assignment Help Managerial Economics
Reference no: EM13986440

Willco Inc. manufactures electronic parts. They are analyzing their monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last six months:

233_68-B-E-M-E (2028).png

Using the high-low method and the Willco data, calculate the variable maintenance cost per machine hour (round to three decimalplaces). 

Reference no: EM13986440

Questions Cloud

How fast is the berry going when it hits the ground : A bird flying straight upward at 7 m/s drops a berry when it is 200 m above the ground. How fast is the berry going when it hits the ground (neglect air resistance).
Problem regarding the budgeting and variance analysis : Healthcare Financial Management and Economics-Budgeting and Variance Analysis
Find the final image distance of the object : You are in biology class and wish to look at a slide of petrified wood. Find the final image distance of the object. Find the height of hte final image.
The government spends tax dollars : What choices does society make when the government spends tax dollars? What exactly is being obtained and at what cost to society? What is forgone when the choices are made?
Using the high low method and the willco data : Using the high-low method and the Willco data, calculate the variable maintenance cost per machine hour (round to three decimalplaces).
Journalize the entry to record the warranty work : a. Journalize the adjusting entry required at January 31, the end of the first month of the current fiscal year, to record the accrued product warranty. b. Journalize the entry to record the warranty work provided in February.
Visual representation of manifest destiny. : It is said that a picture is worth a 1000 words.  If you Google manifest destiny and ask for images, one of the common images that appears is a painting (circa 1872) by John Gast called American Progress.  The painting is sometimes considered a visua..
Contribution format income statement : Assume that the company produces and sells 89,000 units during the year at a selling price of $10.40 per unit. Prepare a contribution format income statement for the year.
Earnings as dividends each year. : a. Firm A has sales of $100,000 in good years, $90,000 in average years, and $80,000 in bad years. Its variable operating costs are 60% of sales, and its fixed operating costs are $10,000 per year. It exists in a nation that has no corporate taxes, a..

Reviews

Write a Review

Managerial Economics Questions & Answers

  Q1 write a note on managerial decision-making under perfect

q1 write a note on managerial decision-making under perfect information risk uncertainty.q2 show that the price effect

  How can stereotyping negatively affect diversity

How can stereotyping negatively affect diversity in organizations? What can individuals and organizations do to reduce people's propensity to stereotype and to act on stereotypes?

  Illustrate on four separate diagrams

1.Illustrate on four separate diagrams (as in Figure) the effect of different elasticity's of demand and supply on the incidence of a subsidy.

  Explain why the price of a good is no reflection

1.Explain why the price of a good is no reflection of the total value that consumers put on it.

  Describe total revenue from tickets

Mid-Atlantic Cinema, runs a chain of movie theaters in east central states and has enjoyed great success with a Tuesday Night at the Movies promotion.

  1 a complete the following table of costs for a firm note

1. a complete the following table of costs for a firm. note enter the figures in the mc column between outputs of 0

  What is the total profit for the supply chain now

What quantity should Tom order if he wishes to maximize his expected profit? What is the total profit for the supply chain now?

  Find the holding company beta

ABC corporation is a holding company with three subsidiaries. The following information pertains to these subsidiaries:

  Affect the demand for textbooks

Students find ways around buying the textbook for some classes. For example, some students read the textbooks on reserve at their school's library. How does the number of textbooks available at the school library affect the demand for textbooks?

  Prepare an executive summary of your findings

The European subsidiary of your company is considering exporting its products to Egypt. Yet, management's current knowledge of this country's trade policies and barriers is limited.

  Is it good or bad for the global economy

Is it good or bad for the global economy? Discuss including the legal implications.

  Discuss how alternative view of human behavior might suggest

Employees in a similar plant in southern California are observed to be lazy and unproductive. Discuss how alternative views of human behavior and motivation might suggest different explanations for this observed behavior.

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