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Margarita [4]
3 years ago
13

The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of ma

intenance costs. Month Total Maintenance Costs Total Machine Hours January $2,590 330 February 2,890 380 March 3,490 530 April 4,390 660 May 3,090 530 June 4,790 730 Determine the variable cost components using the high-low method.
Business
1 answer:
Vesna [10]3 years ago
3 0

Answer:

Variable cost per unit= $5.5 per unit

Explanation:

Giving the following information:

Month Total Maintenance Costs Total Machine Hours

January $2,590 330

February 2,890 380

March 3,490 530

April 4,390 660

May 3,090 530

June 4,790 730

To calculate the variable cost using the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,790 - 2,590) / (730 - 330)= 2200/400= $5.5 per unit

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Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries fo
Lana71 [14]

Answer: $263,000

Explanation:

Based on the information given, the finished goods inventory on September 30 will be calculated as:

= Begining inventory + Transfers in - Transfers out.

= $203000 + $1,770,000 - $1,710,000

= $263,000

Therefore, finished goods inventory on September 30 was $263,000

4 0
3 years ago
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historic
Dmitriy789 [7]

Answer:

d) 420

Explanation:

In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula

Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)

Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600

Forecast(This year) = 150 + 150 + 120

Forecast(This year) = 420

6 0
3 years ago
Would you rather have a job you hate that pays $120,000 or a job you love that pays $40,000? Why?
Lena [83]

Answer:

a job i hate becasue they pay well

Explanation:

3 0
2 years ago
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A producer is someone who _____________.
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3 years ago
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