The high-low method to analyze cost behavior

Assignment Help Accounting Basics
Reference no: EM13687282

Hot'lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: variable utilities cost per machine, fixed utilities cost per month, using high low method utilities cost associated with 1060 machine hours


Month Utilities Machine Hours
January $9,500 880
February 9,160 800
March 9,750 890
April 10,160 1,000
May 10,609 1,030
June 9,950 980

Reference no: EM13687282

Questions Cloud

Assembler directives to describe table of uppercase letter : Use assembler directives to describe a table of all uppercase letters. Place this table in program memory starting from location 0x2000. Assign one byte to one letter. Use assembler directives to assign the symbols sum, lp_cnt, height, and weight to ..
An internal auditor play in regards to a certified audit : What role does an internal auditor play in regards to a certified audit
An auditor may need to deal with in the cash accounts : An auditor may need to deal with in the cash accounts
Find the level of abatement that maximizes net benefits : How do you find the level of abatement that maximizes net benefits? (Multiple answers allowed) Select one or more:
The high-low method to analyze cost behavior : The high-low method to analyze cost behavior
Derive first order conditions that maximize firms objective : Presume that a firm has its policies determined by a manager whose objective function is to maximize sales, i.e. revenues, without letting profit drop below some fixed level, m. Let R(y,a) denote firm's revenue when the level of production is y and t..
Summary of the impact on euthanasia : Summary of the impact on Euthanasia, social values, morals, norms, and nursing practice.
A job working for a nearby international airport : A job working for a nearby international airport
Prepare the financial statements with supporting analysis : Prepare the financial statements with supporting analysis

Reviews

Write a Review

Accounting Basics Questions & Answers

  Willow creek corporation bases its predetermined overhead

willow creek corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. at

  Short-term and readily marketable

Assume all investments are short-term and readily marketable. The following transactions occurred.June 2; purchased 300 shares of Beaty Corporation common stock for $45 per share; July 1; purchased 200 Meng Corporation bonds for $220,000; July 30;..

  A product sells for 240 per unit and its variable costs per

a product sells for 240 per unit and its variable costs per unit are 162. the fixed costs are 428000. if the firm wants

  Prepare a merchandise purchases budget for november and

capp corporation is a wholesaler of industrial goods. data regarding the stores operations followbullsales are budgeted

  Explain what the quantity factors price factors and unit

explain what the quantity factors price factors and unit cost factors mean? what are these used for? s any value in

  Compare the advantages and disadvantages of the previous

a what behavior would this budgeting scheme engender in the responsibility center managers? b compare the advantages

  How much interest expense will be recognized

A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, how much interest expense will be re..

  On march 25 2014 patton company sold merchandise on

on march 25 2014 patton company sold merchandise on account10000. the applicable sales tax percentage is 8.5. record

  Imagine that you are a cpa and there is a conflict in the

1.compare the american institute of cpas aicpa statements on tax standards ssts and the treasury department circular

  Components of cost accounting

Which of the following is one of the components of cost accounting?

  Reconcile bank statement and account register

Taylor Flowers' bank statement shows a balance of $135.42 and a service charge of $8.00. The account register shows deposits of $112.88 and $235.45 that do not appear on the statement.

  The following production and cost per eup data are

the following production and cost per eup data are available for maner corp for february 2008units completed during

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