What would murphy corporation total estimated cost

Assignment Help Accounting Basics
Reference no: EM131806789

Question - Murphy Corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Murphy Corporation has decided to use a method of measuring cost functions called the high-low method in this situation.

Month Cost Hours

January $37,000 3,550

February 24,400 2,000

March 36,280 2,540

April 41,400 3,110

May 44,160 3,900

June 40,240 3,840

What would Murphy Corporation's total estimated cost be if it operated at 2,950 hours?

Reference no: EM131806789

Questions Cloud

Develop a corresponding smart : Journal presenting your own challenge in recognizing personal/professional weakness and how it may have hampered your personal and or professional development
Determining the stainless-steel pump : How much would George save or spend by using the stainless-steel pump?
Discuss cultural beliefs and influences : Appraise how religious/spiritual beliefs and values have influenced progress in addressing the issue-either negatively or positively.
Reevaluating the electrical-generator choice : You are reevaluating the electrical-generator choice that was made last year-when your boss had your job.
What would murphy corporation total estimated cost : Murphy Corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed or variable
How much could Chang save at the given age : Chang is 20, and he smokes a carton of cigarettes per week. A carton of his favorite brand costs $31.25. How much could he save by age 65 if he stops smoking.
What irreducible may dominate the decision : Hotel costs are $100 per night. Compare the economics with reasonable assumptions for meal expenses. What irreducible may dominate the decision?
Explain what you did in the program to reverse the display : Explain what you did in the program to reverse the display of the bar graph, making the bar graph illuminate with LEDS on and turning off as you dimmed light.
Provide guidance for a new engineer : Provide guidance for a new engineer for each step of the decision-making process. For example, what criteria, what alternatives, etc., should be used?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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