What is the best estimate of total operating expenses

Assignment Help Accounting Basics
Reference no: EM132091282

Question - Really Fast Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:

Year

Miles

Operating Costs

2009

110,000

$390,000

2010

140,000

$420,000

2011

100,000

$360,000

2012

130,000

$410,000

2013

170,000

$450,000

What is the best estimate of total operating expenses for 2014 using the high-low method based on total expected miles of 120,000?

Reference no: EM132091282

Questions Cloud

How much will be allocated to the job : Actual manufacturing overhead for 2013 was $1,075,000. If Job #457 uses 300 machine hours, how much will be allocated to the job
Prepare a multistep income statement : Computing and Interpreting the Gross Profit Percentage Using the information in problem below, calculate the gross profit percentage for 2010.
How many units were started in june : Beginning work-in-process inventory is 30 percent complete as to conversion. How many units were started in June
Estimate the cost of shrinkage during the year : Inferring Shrinkage Using a Perpetual Inventory System JC Penney Company, Inc., is a major retailer with department stores in all 50 states.
What is the best estimate of total operating expenses : What is the best estimate of total operating expenses for 2014 using the high-low method based on total expected miles of 120,000
Prepare journal entries to record the transactions : Recording Journal Entries for Purchases, Purchase Discounts, and Purchase Returns Using a Perpetual Inventory System During the month of June.
How to develop a business idea : A business model canvass can be included as an appendix - learn how to develop a business idea, complemented by brainstorming and leveraging the insights
Prepare the journal entry using given data : Recording Petty Cash Transactions Sunshine Health established a $100 petty cash fund on January 1. From January 2 through 10, payments were made from the fund.
Describe a change in procedures : Evaluating Internal Control Strengths and Weaknesses in Cash Receipts and Disbursements The following procedures are used by The Taco Shop.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following information was available for pete company

the following information was available for pete company at december 31 2014 beginning inventory 90000 ending inventory

  On may 27 ace electronics ordered merchandice from elmo

x company has the following accounting balance at the end of the year before adjustmentsaccounts

  Toft corporation produces one product its cost includes

toft corporation produces one product. its cost includes direct materials 10 per unit direct labor 12 per unit variable

  What is purple trust accounting income

The trustee distributed $40,000 to Lydia and $20,000 to Kent. What is Purple's trust accounting income. What is Purple's taxable income

  Compute the cost transferred out to finished goods

Compute the equivalent units of production for each input. Compute cost transferred out to finished goods. Compute the ending work in process inventory balance.

  What level of revenue is needed to earn

How many patient days does the hospital need to break even and what level of revenue is needed to earn a target income of $540,000?

  What will be price of each of the bonds at given time period

An investor has two bonds in his portfolio. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity equal to 9.6 percent.

  Acquisition the shareholders funds

On June 30 2012 Alpha Ltd acquired all the shares in Beta Ltd for $1,440,000 cash. At the date of acquisition the shareholders funds of Beta Ltd were as follows:

  How much venture capital funding should Blake and Anna seek

Cash Budgeting Blake and Anna Carlson are preparing a plan to submit to venture capitalists to fund their business, Music Masters.

  Describing how to review security over internal controls

Question - Controls for Information Technology (IT) - Write a report of 700 words or less describing how to review security over internal controls in IT

  Sissac catering uses two evaluates of activity jobs and

sissac catering uses two measures of activity jobs and meals in the cost formulas in its budgets and performance

  Hondo company has a machine with a book value of 50000 and

hondo company has a machine with a book value of 50000 and a five year remaining life. a new machine is available at a

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