Use the high-low method to determine variable cost per unit, Cost Accounting

Assignment Help:

The following data is available regarding costs and units:
Observation Machine-hours Total Operating Costs
January 4,000 $45,900
February 5,000 52,500
March 3,400 44,025
April 4,400 48,000
May 4,500 49,200
Required:
a. Use the high-low method to determine variable cost per unit and the fixed costs.
b. If June's estimated machine-hours total 4,200, what are the total estimated costs of the Machining Department? What are the costs per hour?
Variable Cost Per Unit ___________________________________
Fixed Costs ____________________________________
Costs @ 4,200 units ____________________________________
Cost Per Hour @ 4,200 ____________________________________


Related Discussions:- Use the high-low method to determine variable cost per unit

Distribution and selling cost budget, Distribution and Selling Cost Budget ...

Distribution and Selling Cost Budget This is the forecast of all costs incurred in distributing and selling the company's product throughout the budget period. This is closel

Variable overhead variance (vohv), Variable Overhead Variance (VOHV) VO...

Variable Overhead Variance (VOHV) VOHV is defined by ICMA, London, as 'the variation between the standard variable production overhead absorbed in the production achieved, whet

Standard cost, Standard Cost It is especially serious that you establi...

Standard Cost It is especially serious that you establish a link between standard budgets and costs. At this point, you require putting in your mind to standard costs one the

What profit is earned by each firm, Three oligopolists, A, B and C, produce...

Three oligopolists, A, B and C, produce an identical product, Q. Q is produced under conditions of constant costs, that is, AC = MC = $100. The market demand schedule for Q is:

Calculate operating income under throughput costing, The follow data relate...

The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire

Create the consolidated statement of comprehensive income, Question ...

Question The statements of comprehensive income for three entities for the year ended 30 September 2009 are presented below: SOT PB UV

Types of variances, TYPES OF VARIANCES Variances are computed for the e...

TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.

Literature review - effectiveness auditing, EFFECTIVENESS AUDITING is one t...

EFFECTIVENESS AUDITING is one type of internal audit. Describe and evaluate this type of internal audit. What types of organisation would it be most useful for? Required: 1)

Direct materials budget, Direct Materials Budget This budget implies t...

Direct Materials Budget This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget

Write Your Message!

Captcha
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