Solution-Develop an estimate of variable electricity costs

Develop an estimate of variable electricity costs

Assignment Help Managerial Accounting

Reference no: EM132798614

Question - Machine hours and electricity costs for Wells Industries for the year 2011 are as follows:

Month	Machine Hours	Electricity Costs
January	2,000	9,200
February	2,320	10,500
March	1,520	6,750
April	2,480	11,500
May	3,040	14,125
June	2,640	11,000
July	3,280	12,375
August	2,800	11,375
September	1,600	7,750
October	2,960	13,000
November	3,760	15,500
December	3,360	13,875

Required -

A. Using the least square method, develop an estimate of variable electricity costs per machine hour.

B. Using the least square method, develop an estimate of fixed electricity costs per month.

Reference no: EM132798614

Questions Cloud

What is backward vertical integration : What is horizontal integration and identify two reasons why horizontal integration fails?

Find optimal number of pencils for the bookstore to purchase : Number 2 pencils at the campus bookstore are sold at a fairly steady rate of 60 per week. The pencils cost the bookstore 2 cents each and sell for 15 cents each

Types of roles and responsibilities of health informaticians : Consider the types of roles and responsibilities of health informaticians.

Difference between qualitative tools vs quantitative tool : What is the difference between qualitative tools versus quantitative tools? Select and summarize the purpose of ONE Qualitative Tool

Develop an estimate of variable electricity costs : Machine hours and electricity costs for Wells Industries for the year 2011 are as follows: develop an estimate of variable electricity costs per machine hour

Identify the list of risk associated with the bioops : Provide minimum of two tools or techniques we can use to identify the list of risk associated with the BioOps to apply to scope in consultation with other relev

Describe a typical fast-food restaurant : Why does the ratio of labor cost to food cost differ between fast food and fine dining restaurants? Describe a typical fast-food restaurant's labor

Organizations achieve a competitive advantage : 1. Identify how changes in the external environment may affect the Operations Management (OM) strategy for a company. For example, what impact are the following

What is the bottleneck time of work cell : The three-station work cell illustrated in Figure S7.7 has a product that must go through one of the two machines at station 1 (they are parallel) before procee

User Account

All Pages

Develop an estimate of variable electricity costs

Reference no: EM132798614

Reference no: EM132798614

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT