Reference no: EM13747749
The EEE Company has obtained the following data: Month Indirect Production Costs Direct Labor Hours July $92,095 4,900 August 105,056 5,480 September 81,802 3,700 October 99,400 4,400 November 109,794 6,000 December 97,404 3,900 Required: A) Using the high-low method, determine the cost function for the above data. Round to two decimal places. B) If direct labor hours equal 10,000, what is the total expected indirect production costs?
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Compute the contribution margin for each product
: Lakers Company produces two products. The following information is available: Product X Product Y Selling price per unit $46 $36 Variable cost per unit $38 $24 Total fixed costs are $234,000. Lakers plans to sell 21,000 units of Product X and 7,000 u..
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Short-term debt in the form of notes payable
: On December 31, 2014, Hattie McDaniel Company had $1,203,100 of short-term debt in the form of notes payable due February 2, 2015. On January 21, 2015, the company issued 25,830 shares of its common stock for $38 per share, receiving $981,540 proceed..
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Compute the law firms safety margin
: Determine how many new clients must visit the law office being considered by Terry Smith and his colleagues in order for the venture to break even during its first year of operations. (Round your answer to the next whole number.) Number of new client..
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The venture to break even during its first year of operation
: Determine how many new clients must visit the law office being considered by Terry Smith and his colleagues in order for the venture to break even during its first year of operations.
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What is the total expected indirect production costs
: The EEE Company has obtained the following data: Month Indirect Production Costs Direct Labor Hours July $92,095 4,900 August 105,056 5,480 September 81,802 3,700 October 99,400 4,400 November 109,794 6,000 December 97,404 3,900 Required: A) Using th..
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Net operating income for the company
: The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totaled $350,000. The net operating income f..
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Production budget showing the number ceramic pots
: A company expects to begin the coming year with 6,000 ceramic pots in finished goods inventory. It expects to sell 85,000 ceramic pots and end the year with 8,000 pots in the finished goods inventory. Four pounds of clay go into each ceramic pot. Pre..
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Contribution margin for the current year and projected year
: Lorge Corporation has collected the following information after its first year of sales. Sales were $ 1,641,600 on 102,600 units; selling expenses $ 246,240 (40% variable and 60% fixed); direct materials $ 524,286 ; direct labor $ 292,410 ; administr..
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Unused office supplies remain on hand at the end of month
: On March 1, Phonic Corporation had office supplies on hand of $1,000. During the month, Phonic purchased additional supplies costing $500. Approximately $200 of unused office supplies remain on hand at the end of the month. Prepare the necessary adju..
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