Solution-What are the total estimated costs of machining

What are the total estimated costs of machining department

Assignment Help Cost Accounting

Reference no: EM132721705

Michael Scott works as a cost analyst for mid-size paper company. The collected the following information concerning the operations of the Machine Department:

Observation Machine Hours Total operating cost

January                   4000 $45,000
February    4600                              49,500
March    3800 45,750
April 4400 48,000
May    4500    49,800

Required:

Problem a. use the high-low method to determine the estimating cost function with machine hours as the cost drivers.

Problem b. if the month of June Estimated machine hours total 4200, what are the total estimated costs of the machining department?

Reference no: EM132721705

Questions Cloud

Find how much is the uncollectible account expense : Find How much is the uncollectible account expense if it is estimated at 3% of accounts receivable? How much is Accounts Receivable net realizable value?

How would measure the performance of type of centre : Ron is back in your office this week for a regular update, how would measure the performance of the type of centre in which HR has been placed?

Find financial statement impact of the bankruptcy : Find the financial statement impact of the bankruptcy on Canaday. Assume Canaday's product cost is 40% of revenue and the bad-debt reserve

Compute the equivalent number of shares subscribe : Compute the Equivalent number of shares subscribes at the time of incorporation. Five incorporation subscribe with required minimum subscription.

What are the total estimated costs of machining department : Michael Scott, If the month of June Estimated machine hours total 4200, what are the total estimated costs of the machining department?

Analysing a dataset and develop a detailed discussion : Analysing a dataset and develop a detailed discussion of the relevance of their results for conservation and for conservation strategies.

Find the value places on the share of stock : Find the value she places on this share of stock. If the investor's required rate of return is 20%, find the value she places on this share of stock.

Determine the breakeven point in sales units : Geiss Company sells one product for $175 per unit. Its variable costs are $116 per unit, and its fixed costs are $354,000. Determine the breakeven point in sale

What would happen to the required rate of return on abc bond : What would happen to the required rate of return on ABC's bonds? Suppose investor now require a 16% return on the bonds. Determine the price of the bond

User Account

All Pages

What are the total estimated costs of machining department

Reference no: EM132721705

Reference no: EM132721705

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT