Information regarding mixed cost

Assignment Help Accounting Basics
Reference no: EM13115612

The Tyson Company has provided the following information:

Direct
Month Factory Labor Hours
Overhead

January $92,095 4,600

February 103,056 5,280

March 83,802 3,760

April 89,594 4,320

May 108,694 5,720

June 87,404 3,880

a. Using the high-low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labor hour.

b. Prepare the cost function.

c. What would the total factory overhead cost be at a level of 5,000 hours?

Reference no: EM13115612

Questions Cloud

What are some examples of systems where law of conservation : What are some examples of systems where the Law of Conservation of Energy applies and what energy is observed?
Find probability that the sample mean will exceed a value : If a simple random sample of 50 players was taken, what is the probability that the sample mean will exceed $210,000?
Elucidate how far up the ladder can an newton person : The coefficient of static friction is .6 and the ladder makes a 50 degree angle with the ground. Elucidate how far up the ladder can an 800 newton person climb before starts to slip
Determining bayesian probability : Yearly anutomobile inspections are required for residents of the state of Pennsylvania.Suppose that 18% of all inspected cars in Pennsylvania have problems that need to be corrected.
Information regarding mixed cost : The Tyson Company has provided the following information: Using the high-low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labor hour.
Explain how and why your roommates logic is faulty : Your roommate tells you that the Laws of Thermodynamics don't make sense because your refrigerator can obviously remove heat from a warmer item as demonstrated when the room temperature bottle of soda pop is placed inside and later has cooled down..
Illustrate what is the impulse experienced by the ball : batted straight back to Lonnie with a return speed of 60 m/s. If the bat is in contact with the ball for .050 s, illustrate what is the impulse experienced by the ball.
Find probability fewer people in sample posted photos online : Suppose that 20% of all Internet users have posted photos online. A sample survey interviews 1555 users. What is the probability that 300 or fewer people in the sample have posted photos online?
Specific heat capacity is a material''s ability to increase : Specific Heat Capacity is a material's ability to increase in temperature given a specific amount of absorbed heat. In other words, the higher the Specific Heat of a material, the more easily its temperature will increase with absorption of energy..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Capital stock of a danish subsidiary

Bowman Company reported translation adjustments in its stockholders' equity section of $2,000,000. Such adjustments were added to the other items disclosed in Bowman's stockholders' equity.

  Stocks-equity and journal entries

The Cosmo Company was started by issuing 800 shares of $10 par value stock at an average market price of $20 per share. Prepare journal entries to record the treasury stock transactions. Prepare the equity section of the balance sheet for Cosmo Compa..

  Determining interest revenue

Chase Bank loans P+P Company $120,000 on a 1 year promissory note on July 1, 2009. The interest rate of this loan is 12%. The principle and interest are due in one year. The journal entry to accrue interest earned on 12-31-09 is:

  Indicating appropriate income tax allocation

Develop a memo to Texaco Inc’s chief accountant indicating the appropriate income tax allocation required for the above items, comprising the appropriate balance sheet presentation.

  Primary reasons for price controls

What are the primary reasons for a country to sometimes withhold goods or put price controls on exports to international markets? What are possible outcomes of this practice? What are your feelings about price controls?

  Gross income with respect to bonds

Hugo was planting a tree when he unearthed 100,000 certificates of ITT bearer bonds, with a current value of $4 million.

  Lbj company internal control

Explain the impact on internal controls if a company decides to "go public." What is the company doing right? Should they buy the indelible ink machine? What is the company is doing wrong? Make recommendations for improvement. Be sure to reference th..

  Manufacturing and customer cost hierarchy

Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories:

  Money market hedge

Explain the steps to take for a money market hedge. You need to describe clearly the amounts which are related to the actions to take.

  Negotiating with foreign suppliers

A company wants to buy $30 million in materials and services from suppliers in China, Japan, and South Korea. Discuss how the company would negotiate using the win-win model. What sort of strategies would it use?

  Temporary permanent differences-deferred

Prepare schedule to reconcile accounting and taxable income and to compute taxes payable. Prepare a schedule of temporary differences and deferred income taxes. Prepare Journal entry for each year. Show how income tax expenses, deferred income tax as..

  Three factor dupont analysis for starbucks

Conduct a three factor DuPont analysis for Starbucks and Dunkin' Donuts for 2011 and 2012 end-of-year results. Use the information from financial statements in the 2012 annual reports.

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