Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Methods of Estimating Costs: High-Low
Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last year's operations:
Month
Labor-Hours
Machine-Hours
Overhead Costs
1
3,625
6,775
$513,435
2
3,575
7,035
518,960
3
3,400
7,600
549,575
4
3,700
7,265
541,400
5
3,900
7,955
581,145
6
3,775
7,895
572,320
7
6,950
535,110
8
6,530
510,470
9
3,550
7,270
532,195
10
3,975
7,725
565,335
11
3,375
6,490
503,775
12
8,020
564,210
Required
a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours.
b. Managers expect the plant to operate at a monthly average of 7,500 machine-hours next year. What are the estimated monthly overhead costs, assuming no inflation?
Use the information below and on page 777 to prepare a statement of cash flows using the indirect method.
Orbit Corp. issued a $400,000, 10%, 15-year mortgage on January 1, 2007, to purchase warehouses. Semiannual Interest Period Cash Payment Interest Expense Decrease in Principal Principal Balance (10% x 6/12)January 1, 2007 $400,00 June 30, 2007 $26,02..
Compute the gross-margin percentage for each product sold in December and show the effect on operating income of any changes yourecommend.
What challenges does the city face based on a review of the Management, Discussion, and Analysis?
1. shipping selling marketing sales order processing return processing and advertising activities can be related to
Prepare for aytenew plc. The following accounts for the year ended 31: december 2013 and a manufacturing account showing the prime cost and total cost of manufactured shoes transferred to the trading account.
Evaluate how much of the exploration cost will be capitalized and shown as an asset on the company's balance sheet as of December 31, 2013 and repeat process using the full cost method
problem 1leisure attire corporation discontinued princess fashions its whole line of childrens clothing in november of
Prepare the bank reconciliation statement from the information
Compute cost of goods manufactured and compute cost of goodssold
What will be each year's depreciation charge if Pemberton uses the units-of production method?
Evaluate the machine capability
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd