QS 18-4 (Algo) Measuring costs using high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June 110 July 170 August 130 September 160 October 220 November 250 70 $5,0se 6,850 5,650 6,550 8,350 9,250 3,850 December Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs

QS 18-4 (Algo) Measuring costs using high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June 110 July 170 August 130 September 160 October 220 November 250 70 $5,0se 6,850 5,650 6,550 8,350 9,250 3,850 December Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 20.19EX: Contribution margin analysis variable costs Based on the data in Exercise 18 prepare a contribution...

See similar textbooks

Similar questions

Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975
ces w 2 The following information is available for a company's maintenance cost over the last seven months. * Month June July August September October November December 7,750 8,560 3,700 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Units Produced 110 170 130 160 220 250 70 Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs # Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point 13 Change in cost Change in volume 3 (4 $ IDI 4 15- % Maintenance Cost $4,780 6,400 5,320 6,130 5 High-Low method - Calculation of variable cost per unit produced Cost at high point minus cost at low point Volume at high point minus volume at low point 16 HA 49 6 Q Search 17 ▶11
ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
QUESTION 2 A factory's records show the following costs and outputs for the last five months: Month |January February March Cost (£) 17,125 Output 650 17,800 940 April May 18,650 17,980 18,760 1,260 990 1,150 Using the High - Low method to calculate, what wouid the cost be of producing 1,000 units? O a. E15,500.00 Ob.E17,958.40 Oc £18,000.00 d. E18,269.50
Exercise 18-3 (Part Level Submission) The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs Total Maintenance Costs Total Month January February March April May June $2,590 2,890 3,490 4,390 3,090 5,530 Machine Hours 330 380 530 660 530 730 (a1) Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g 12.250.) Variable cost per machine hour
0O The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $105,050 2,100 units May 112,190 2,940 June 123,410 4,260 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit per unit b. Total fixed costs Previous Next 3:26 PM 53°F Sunny a, (中岁 12/14/2021 甲 # 五 144
Contribution margin analysis variable costs Based on the data in Exercise 18 prepare a contribution margin analysis of the variable costs for Romero Products Inc. for the year ended December 31.
Exercise 18-8 (Algo) Computing missing amounts in contribution margin income statements LO A1 Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Company A Company B Number of units sold Sales Variable costs es Contribution margin Fixed costs Income 2,275 Total Per unit Total Per unit $ 391,600 $ 89.00 259,600 100,100 131.950 50,050 $ 90.200
Question17 Given the information shown below, what are the costs for the production labor category for the weekly sales estimate level of $20,000? Labor Category Management 10.0% Service % Cost to Production 15.0% Sanitation Total Sales Total 3.0% 3.0% 31.0% Weekly Sales Estimate $19,000 $20,000 $21,000 ??? 0,000. Т.
Exercise 18-8 (Algo) Computing missing amounts in contribution margin Income statements LO A1 Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Company A Company B Number of units sold Sales Variable costs Contribution margin Fixed costs Income 2,375 Total $ 465,000 $ 97.00 Per unit Total Per unit 302,400 123,500 166,250 $ 108,000 61,750
QS 17-18 (Algo) Allocating costs using ABC for a service company LO P4 Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $239,200 per year. The company allocates technical support cost based on 10,400 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 630 calls on its deluxe model and 115 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for technical support using activity-based costing. Technical support activity rate Numerator Denominator Actual direct labor costs Actual direct materials Actual machine hours Actual manufacturing costs Required 2 >
Print Item Question Content Area High-Low Method The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $425,700 2,365 units February 565,710 4,420 March 662,200 6,665 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2