User Account

All Pages

What are estimated payroll costs for the month

Assignment Help Managerial Accounting
Reference no: EM132951297

Johanna's Ice Cream Shoppe would like to better understand their payroll costs. Historical activity and payroll costs are as indicated below.

Month                Activity (units sold)               Payroll
March                       1,200                         $21,000
April                          1,600                        $23,000
May                          2,200                        $23,500
June                         2,400                         $25,000

Problem 1: Using the high-low method, what is the fixed cost element? If July activity is estimated to be 3,500 units, what are estimated payroll costs for the month? Are there are any concerns with using the March-June data to estimate the July costs.

Reference no: EM132951297

Questions Cloud

Calculate the npv for project x : Project X has an initial investment of $98,025.00 . The project is expected to have cash inflows of $23,622.00 at the end of each year for the next 14.0 years.
How important is working capital planning to business : Remember, an income statement only shows part of the picture, especially in an accrual based accounting system as is required by GAAP. With that being said,
Explain the arm-length price : Explain the arm's-length price. Would the concept of an arm's-length price resolve the measurement issue is pricing intracompany transfers?
Explain the advantages of using npv : Explain the advantages and disadvantages of using NPV as opposed to using just the payback method as a method of investment appraisal.
What are estimated payroll costs for the month : Using the high-low method, what is the fixed cost element? If July activity is estimated to be 3,500 units, what are estimated payroll costs for the month?
How the accuracy of a budget could be improved : What conflicts might occur as a result of the different objectives of budgeting? How the accuracy of a budget could be improved?
Develop an interim control procedure : How would you develop an interim control procedure while permanent controls are being considered and implemented?
Outline the six stages of the typical capital expenditure : Outline the six stages of the typical capital expenditure process and explain the likely role of the management accountant in this process.
Aviation and transportation security act of 2001 : How have the Aviation and Transportation Security Act of 2001 and the Maritime Transportation Security Act of 2002 worked together to develop aviation and marit

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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