User Account

All Pages

Why is the high-low method inferior to the regression

Assignment Help Accounting Basics
Reference no: EM132717529

Question - Harbour Inc. collected the following data for the first six months of the year concerning its overhead costs and machine hours used.

Month

Overhead Costs ($)

Machine Hours

Jan

$62,000

400

Feb

52,000

320

Mar

64,000

395

Apr

58,000

350

May

57,000

350

June

54,000

325

Required - Why is the high-low method inferior to the regression estimation method (provide 1 reason only)?

Reference no: EM132717529

Questions Cloud

Find the minimum acceptable unit price for GEM : The only selling costs that would be associated with the order would be a shipping cost of $9.00 per unit. Find the minimum acceptable unit price for GEM
How much would Anne charge for a house : How much would Anne charge for a house with 3,300 square feet and 14 openings, based on high-low method, based on square footage
What are main difficulties in calculating cost of capital : What are the main difficulties in calculating cost of capital for diversified companies? Can diversification reduce all risk? Why or why not
What is the ending inventory balance at the end of the year : The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end
Why is the high-low method inferior to the regression : Harbour Inc. collected the following data for the first six months of the year concerning its overhead costs, Why is high-low method inferior to the regression
What industry statistics can a business use for comparison : What industry statistics can a business use for comparison? Discuss debt ratio management for both business and personal applications
Calculate the total annual cost of setting up for inventory : The cost associated with setting up the production line is $25, Calculate the total annual cost of setting up for and carrying inventory
What should the contractor do : The contractor can buy a 4-year maintenance contract with a uniform monthly of $320. If the annual interest rate is 6%. What should the contractor do
Essay on Agency Conflicts and Corporate Governance : Question - An essay on Agency Conflicts and Corporate Governance - an essay on the topics of agency conflicts that are a result of the separation of ownership

Reviews

Write a Review

Accounting Basics Questions & Answers

  Go the hershey website to learn how to make hershey

go the hershey website to learn how to make hershey chocolate. review the process and take a look at some of the

  Consolidated statement of retained earnings

Consolidated statement of retained earnings for December 31 , 20X6 - Prepare Johns consolidated balance sheet - There has been no impairment of goodwill

  How much is the minimum selling price

In negotiating a price, how much is the minimum selling price that Tenna Electronics should accept for this special order

  How much must he invest today

Paul wants to invest a sum of money today that will accumulate to $56,000 at the end of 6 years. How much must he invest today

  What are the types of deposit and investment risks

The GASB requires disclosures of (1) the nature of the deposits and of investment risks the governmental entity faces, (2) the governmental entity's policies.

  Total amount of bond interest expense

What are the issuer's cash proceeds from issuance of these bonds? What total amount of bond interest expense will be recognized over the life of these bonds? What amount of bond interest expense is recorded on the first interest payment date?

  Determine the book value per share of common stock as of end

Use the information to determine the book value per share of Common Stock as of end of the FY 2018: (Round your answer to the nearest penny.)

  During april darling company accumulated 300 hours of

at the end of april darling company had completed jobs 50 and 51. job 50 is for 200 units and job 51 is for 500 units.

  Raphael restaurant is considering the purchase of a 8400

raphael restaurant is considering the purchase of a 8400 souffleacute maker. the souffleacute maker has an economic

  What is the interest rate

Wildhorse Inc. has completed the purchase of new Dell computers. What is the interest rate, to the nearest percent, used in discounting purchase transaction

  Determine the two limits to market value

Determine the two limits to market value (i.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis

  During 2010 jennifer industries reported cash provided by

during 2010 jennifer industries reported cash provided by operations of 230000000 cash used in investing of 343000000

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