User Account

All Pages

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

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare contract ledger account and the contractees a/c

Prepare contract ledger account and the Contractee's A/c and show how the Work-in-progress would appear in the Balance Sheet as on 31st Dec., 2013?

  The equivalent units for materials for the month is

The following information was obtained from the records of the first processing department of Bapst Corporation for the month of May.

  Find for the cost of direct materials used for the year

Find for the cost of direct materials used for the year ended December 31, 2019. Cost of goods manufactured amounted to P1,940,000

  Prepare a process cost summary report for the comapny

Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production.

  Prepare contribution margin income statement for cardinal

Prepare a contribution margin income statement for Cardinal assuming it sells 1,100 birdhouses this year -  Determine how many birdhouses it must sell to generate this amount of profit

  How much more money must be spent to complete the project

What is your assessment of the schedule performance index (SPI) and cost performance index (CPI) of the project? What actions or corrective actions would you want to take, keeping in mind the project performance so far?

  What do some companies do to compensate

Miller also points out that it has significant available lines of credit. Is Ron still correct? What do some companies do to compensate for having fewer liquid assets?

  Prepare a production cost report for the month ended march

Aromatic Company for its line of perfume products for the month ended March 3. Prepare a production cost report for the month ended March 31, using the average cost method.

  Define recalculate the value of a call option

Recalculate the value of a call option using the Black Scholes option pricing model

  Manufacturing overhead applied to work in process

Manufacturing overhead applied to Work in Process for month was $69,450 and manufacturing overhead transferred from Finished Goods to Cost of Goods Sold through the month was $69,450.

  How much of the total materials handling cost

How much of the total materials handling cost would be allocated to the specialty windows and what are the companys fixed expenses?

  Discuss whether the companys first month of operations

Prepare an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2010 and briefly discuss whether the companys first month of operations was a success.

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