Flexible budget with separate variable and fixed categories

Assignment Help Accounting Basics
Reference no: EM131767193

High-low method; flexible budget

Tijuana Tile has gathered the following information on its utility cost for the past six months.

Machine Hours Utility Cost 1,270 $1,015 1,690 1,211 1,220 974 1,780 1,286 1,920 1,338 1,570 1,147

a. Using the high-low method, determine the cost formula for utility cost. If required, round your answer for variable cost to the nearest cent.

Use this rounded variable cost amount to calculate the fixed cost, and then round your answer for fixed cost to the nearest dollar.
y = $ + $ mach. hr.

b. Prepare a flexible budget with separate variable and fixed categories for utility cost at 1,325, 1,475, and 1,625 machine hours. Use the rounded values from part (a.) in your calculations.

Reference no: EM131767193

Questions Cloud

Determine how you will evaluate your plan for effectiveness : Examine existing and potential stressors within the workplace. Determine how you will evaluate your plan for effectiveness.
Determine the amount of income recognized : Using the installment sales method determine the amount of income recognized in the first and second years. You may ignore the interest income
Transactional leadership and transformational leader : Can High Performance Company have a Human Side? Evaluate the situation at Perot Systems from point of view of transactional leadership, transformational leader
Potential consequences of this type of ethical dilemma : What are the potential consequences of this type of ethical dilemma - What can be done to lessen or prevent the likelihood of this type of dilemma
Flexible budget with separate variable and fixed categories : Prepare a flexible budget with separate variable and fixed categories for utility cost at 1,325, 1,475, and 1,625 machine hours
Review the ieee code of ethics and what this code means : Review the IEEE Code of Ethics and compose a minimum of one full page discussion of what this Code means to the group.
How much is deductible : His modified adjusted gross income is $95,000. Of the $47,000 loss, how much is deductible
Obtaining a more precise p-value from calculator : Anemia. The study of Jordanian children, the sample mean hemoglobin level was 11.3 mg/dl and the sample standard deviation was 1.6 mg/dl.
Paid the dividends required to pay the preferred shareholder : Paid the dividends required to pay the preferred shareholders their dividends in arrears as well as their dividend entitlement

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