What is the estimated total cost at an operating level

Assignment Help Accounting Basics
Reference no: EM132783042

Problem - XYZ Company uses the high-low method to analyze mixed costs. During the year, the highest level of activity was in May and the lowest level of activity was in February. In February, the company worked 1100 hours and had a total cost of $46,300. In May, the company worked 27,000 hours and had a total cost of $110,300. What is the estimated total cost at an operating level of 18,000 hours?

Reference no: EM132783042

Questions Cloud

What is your reaction to change in your personal history : What is your reaction to change in your personal history? What personal tools do you implement to help yourself navigate change?
Responsible for executing tasks in the workplace : More than ever, groups and teams are responsible for executing tasks in the workplace.
Calculate the value today for the investment : You expect to receive $1,000 a year from today which you plan to deposit into a tax-free savings account.
Which specific scholarly articles did you use : There are many possible sources of literature available: for example, the West Coast University library electronic databases, such as Medline, Cinahl.
What is the estimated total cost at an operating level : The company worked 27,000 hours and had a total cost of $110,300. What is the estimated total cost at an operating level of 18,000 hours
Demonstrate your understanding of virtue ethics : In Task 5, 1) demonstrate your understanding of Virtue ethics, its history and uses. Cite and reference materials used from the Lesson.
Kaiser Permanente Case Study : Describe how collaboration worked among the various KP entities to realizing their commitment.
What amount should be reported as prepaid rent : Additionally on July 1, 2015 the entity paid P240,000 as a lease bonus, On December 31, 2015, what amount should be reported as prepaid rent
Describe a prevalent theme in toni cade bambaras short story : Identify and describe a prevalent theme in Toni Cade Bambara's short story "The Lesson" that reflected the message of the author. What is it that you feel the.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Considering a capital project

Cannon Company is considering a capital project that will return $100,000 each year for five years. At the company's hurdle rate of 10%, the present value of the annuity is $379,100. If the return on investment in the first year is $37,910, what i..

  Prepare the journal entry to record the loss

On December 31, 2017, the Sheridan Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing financial trouble.

  What amount of interest expense will gladrags record

What amount of interest expense will Gladrags record on 6/30/2016 for the bond issued on 1/1/2015? Round to the nearest dollar

  How would operating income be impacted

How operating income be impacted if Kramerica accepted a special order of 8,000 units at a price of $11, which allowed for $4,000 in fixed costs to avoided

  Should the company produce the product and why

Assume the company conducted market research and learned that demand for the products is expected to be around 5,600,Should the company produce this product?

  What conditions are necessary for provision to be recognized

What conditions are necessary for a provision to be recognized? What conditions are necessary for a contingent liability to be recognized?

  Which asset accounts might starbucks record

Starbucks Corporation-like all other businesses-makes adjusting entries at year-end in order to measure assets, liabilities, revenues, and expenses properly.

  Determine the carrying amount of each of these assets

ACCT3563: Issues in Financial Reporting and Analysis Assignment. Determine the carrying amount of each of these assets in accordance with AASB

  What is the annual payment

Same facts as in part 2, except assume the term of the loan is 15 years. What is the annual payment and how much interest will be paid over the life of the loan

  Total overhead incurred amounted to 508400 budgeted fixed

straightforward variance analysis l.o. 5 arrow enterprises uses a standard costing system. the standard cost sheet for

  The standard factory overhead rate is 10 per direct labor

the standard factory overhead rate is 10 per direct labor hour 8 for variable factory overhead and 2 for fixed factory

  What amount of cash was paid for taxes

During 2020 Burr Oak Inc. reported $10,000 of Income Tax Expense. The balance in Deferred Tax Liability increased by $2,000. What amount of cash paid for taxes

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