User Account

All Pages

What is the estimated cost function for the data

Assignment Help Accounting Basics
Reference no: EM132251797

Question - The Mortise Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.

Month Cost Hours

January $40,000 3,600

February 38,500 3,000

March 36,280 3,300

April 38,000 3,500

May 69,850 5,850

June 45,000 4,250

1. What is the slope coefficient?

2. What is the constant for the estimated cost equation?

3. What is the estimated cost function for the above data?

4. What is the estimated total cost at an operating level of 3,100 hours?

Reference no: EM132251797

Questions Cloud

Determine the correct amount of acid : Suggest a way to determine the correct amount of acid in the food sample. Assume that the indicator works equally well in either direction.
What would your profit be from cirp arbitrage : Based on the information in the above question, if you can borrow 100,000 units in the synthetic forward position at t=0, what would your profit be from CIRP.
Calculate the standard enthalpies of formation : Calculate the standard enthalpies of formation of (a) KClO3(s) with the following information:
What effect does the current supply and current demand have : Price elasticity of demand measures consumers' responsiveness to changes in the price of a good. There are a number of variables that affect consumers' decision
What is the estimated cost function for the data : What is the estimated total cost at an operating level of 3,100 hours? What is the estimated cost function for the above data
Analytical technique for obtaining accurate : Why are back titrations a good analytical technique for obtaining accurate results when analyzing samples that are very slow to react?
What is the volume of the new flask : The pressure is measured to be 99.7 mm Hg and the temperature is raised to 24.5 C in the new flask. What is the volume of the new flask?
Determine the present value of the note : Determine the present value of the note (show calculations) and (2) make the appropriate journal entry for Naaman Company on December 31, 2018
Describe the principles of transaction management : Describe the principles of transaction management and concurrency control in relational database management systems. Detail the current landscape of data.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Contrarian fund amongst dogs of the dow

Select any contrarian fund amongst the "Dogs of the Dow." How did it perform in 2008 and 2009? Discuss why it did perform well and if it did not outperform its peers see if you can determine why it did not. (If you want to choose another fund than ..

  Compare the pension plans of coca-cola and pepsico

Compare the pension plans of Coca-Cola and PepsiCo, including type of plan and funded status at 2007 year-end

  Prepare the adjusting entry at december

Crane Company's trial balance at December 31 shows Supplies $8,700 and Supplies Expense $0. Prepare the adjusting entry at December 31

  Explain this type of revenue recognition transaction 2what

wood-mode company is involved in the design manufacture and installation of various types of wood products for large

  Determine whether the accounting equation remains in balance

Recording Journal Entries Sysco, formed in 1969, is America's largest marketer and distributor of food service products, serving nearly 250,000 restaurants.

  Explain government financial reporting requirements

Assess approaches of control and management of public expenditures with a recommendation of best approach. Explain government financial reporting requirements.

  Record the partners initial investments

On March 1, 2015, Eckert and Kelley formed a partnership. Eckert contributed $82, 500 cash and Kelley contributed land valued at $60,000 and a building valued.

  What four policies and procedures would you give to him

Red Corporation to implement to prevent and detect fraud, What four policies and procedures would you give to him

  Beyond inquiries and analytical procedures what are the

you are doing a review services and related tax work engagement for murphy construction company. you have made

  Review problem related to an investment trust fund

(Journal entries and financial statements for an Investment Trust Fund) Pinnacle County operates an Investment Trust Fund for cities located in the county.

  Candies inc manufactures and sells two products

candies inc. manufactures and sells two products marshmallow bunnies and jelly beans. the fixed costs are 350000 and

  Recognition of revenue on long-term contract and entries

Young Tree Construction Company uses the percentage-of-completion method of accounting. In 2014, Young Tree began work under a contract with a contract price of $1,500,000. Other details follow:

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