Solution-What mulvey estimated variable manufacturing

What mulvey estimated variable manufacturing overhead cost

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Reference no: EM132566971

Mulvey Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost:

C = P80,000 + P12M

Where C = monthly manufacturing overhead cost

M = machine hours

The standard error of the estimate of the regression is P6,000.

The standard time required to manufacture one six-unit case of Mulvey's single product is 4 machine hours. Mulvey applies manufacturing overhead to production on the basis of machine hours and its normal annual production is 50,000 cases.

Question 1: Mulvey's estimated variable manufacturing overhead cost for a month in which scheduled production is 5,000 cases would be

Option 1: P80,000

Option 2: P240,000

Option 3: . P320,000

Option 4: P360,000

Reference no: EM132566971

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What mulvey estimated variable manufacturing overhead cost

Reference no: EM132566971

Reference no: EM132566971

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