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jolli1 [7]
2 years ago
14

The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixe

d or variable. Connors Company has heard about a method of measuring cost functions called the highlow method and has decided to use it in this situation.
Business
1 answer:
olga nikolaevna [1]2 years ago
5 0

Estimated total cost at an operating level of 9,000 hours will be $38,200.

<h3><u>SOLUTION: -</u></h3>

As per high low method

Variable cost = Change in cost / Change in hours = (High cost - Low cost) / (High hours - Low hours).

  • Particular      Cost                     Hours
  • High              $42,000             10,000
  • Low               $23,000              5,000
  • Change         $19,000              5,000

Variable cost = $19,000 / 5,000

= $3.80 per hour

Fixed cost = Total cost - variable cost

= $23,000 - ( $3.80 × 5,000 )

= $23,000 - $19,000

= $4,000

Estimated total cost at an operating level of 9,000 hours

Fixed cost + Variable cost

= $4,000 + ( $3.80 × 9,000  hours)

= $4,000 + $34,200

= $38,200

Therefore, Estimated total cost at an operating level of 9,000 hours is = $38,200.

To know more about Estimated total cost, check the given links.

brainly.com/question/23365014

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Correct Question - The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high−low method and has decided to use it in this situation.

Cost                   Hours

$24,360             5,800

$26,500             6,100

$34,800             7,850

$42,360             13,000

$38,800             9,400

What is the Estimated total cost at an operating level of 9,000 hours?

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Fergie has the choice between investing in a State of New York bond at 4.1 percent and a Surething Inc. bond at 6.8 percent. Ass
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The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.

Explanation:

the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.

Surething Inc after tax rate:

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Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)

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3 years ago
he most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $
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Answer:

9.69%

Explanation:

Given the following :

Net income = $4819

Total asset = $38,200

Taxable income = $6,100

Dividend payout ratio = 30% = 0.3

The internal growth rate is calculated thus ;

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Return on asset = (Net income / total asset)

Return on asset = ($4,819 / $38,200)

Return on asset = 0.12615

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 0.3 = 0.7

Hence internal growth rate :

(0.12615 × 0.7) / 1 - (0.12615 × 0.7)

0.088305 / 1 - 0.088305

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= 0.0968580

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3 years ago
JavaPro Systems is a​ start-up company that makes connectors for​ high-speed Internet connections. JavaPro Systems has budgeted
Iteru [2.4K]

Answer:

$429.60 Favorable

Explanation:

Provided information,

Standard Hours for each product = 3 hours

Standard Cost per hour = $14.00

Actual hours used = 198

Actual output = 80 connectors

Standard hours for actual output = 80 \times 3 = 240 hours

Actual Rate = $14.80 per hour

Direct labor cost variance = Standard Cost - Actual Cost

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Actual Cost = 198 \times $14.80 = $2,930.40

Variance = $3,360 - $2,930.40 = $429.60

Since actual cost is less than standard variance is favorable.

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