Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute

Question:

Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level.

Compute the variable and fixed cost elements using the high-lowmethod.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Tools for business decision making

ISBN: 978-0470095461

4th Edition

Authors: kimmel, weygandt, kieso

See More Books

Question Posted: Mar 01, 2012 11:43 PM

See More Questions

Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable- and fixed-cost elements using the high-lowmethod. Miles Driven 8,000...
Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and fixed cost elements using the high-lowmethod. Miles Driven 10.000...
Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Calculate the variable and fixed cost elements using the high-low method. Kilometres...
PIM Industries, Inc., manufactures electronics components. Each unit costs $30 before the final test. The final test rejects, on average, 5 percent of the 50,000 units manufactured per year. The...
On November 1, 2012, Aviation Training Corp. borrows $50,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's...
CRISA is an Asian market research agency that specializes in tracking consumer purchase behavior in consumer goods (both durable and nondurable). In one major research project, CRISA tracks numerous...
Flexible benefit plans are common today. Discuss ways in which employers can ensure that employees make good choices about the benefits and benefit levels that they choose within the benefits...
A business executive says, The financial perspective of the balanced scorecard indicates how the organization adds value to shareholders. I am involved with two organizations: a small business that...
Using the typical floor plan on next page as a base, propose a trunk & branches overhead layout of the ducts serving the typical floor's via mixing mechanical ventilation. 1) Identify different...
A 4.5-kg sled is pulled with constant speed across a rough, horizontal surface with various amounts of weight added to the sled. Data showing the required force for several different amounts of added...
For Larissa Company, a mixed cost is $20,000 plus $16 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of...
Presto Corp. has collected the following data concerning its maintenance costs for the past 6 months. Compute the variable and fixed cost elements using the high-lowmethod. July August September...
In Exercises 4354, express each sum using summation notation. Use 1 as the lower limit of summation and i for the index of summation 1 2 + 2 2 + 3 2 +....+ 15 2
Antihydrogen is the only antimatter element that has been produced in the laboratory, albeit just a few atoms at a time. Each antihydrogen atom consists of a positron in orbit around an antiproton...
A $5.0-\mathrm{kg}$ block is suspended from the ceiling by a strong spring and released to perform simple harmonic motion with a period of $0.50 \mathrm{~s}$. The block is brought to rest, and...
Jill estimates that the subjective probability of her being struck by lightning sometime next year is 1/1,000,000. For Exercises 510, decide whether the statement makes sense (or is clearly true) or...
Which of the following one-year $1000 bank loans offers the lowest effective annual rate? a. A loan with an APR of 6.1%, compounded monthly. b. A loan with an APR of 6.1%, compounded annually, that...
Galaxy A moves away from galaxy $\mathrm{B}$ at $0.600 c_{0}$ relative to B. A spaceship leaves a planet in galaxy A traveling at $0.500 c_{0}$ relative to galaxy $\mathrm{A}$. If the...
How are derivatives reported on a businesss financial statements?
Will the prediction interval always be wider than the estimation interval for the same value of the independent variable? Briefly explain.
The concept of crystal axes is basic to the evaluation of the position of a specific crystal face on a morphological crystal. Why is this so?
Baja Corporation began operations on April 1 by issuing 55,000 shares of $5 par value common stock for cash at $13 per share. Journalize the issuance.
Davies Corporation purchased 2,000 shares of its $10 par value common stock for $76,000 on August 1. It will hold these in the treasury until resold. Journalize the treasury stock transaction.
Aragon Corporation has 3,000 shares of 8%, $100 par value preferred stock outstanding at December 31, 2012. At December 31, 2012, the company declared a $105,000 cash dividend. Determine the dividend...
Factory overhead of $44,700 consists of Indirect labor of $21,900, Depreciation expense-Factory of $16,900, and Factory utilities of $5,900. a. Compute total manufacturing costs. b. Prepare a...
In Giannakakos et al. (2016), titled Using Video Modeling with voiceover Instruction plus feedback to train staff to implement direct teaching procedures, why do you think collecting data on the...
Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidios cost data table. 2. Calculate Presidios contribution margin ratio and...

Pesaveno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute

Question:

Miles Driven Total Cost Miles Driven Total Cost January 8,000 $14,150 March 8,500 $15,000 February 7,500 13,600 April 8,200 14,490

Step by Step Answer:

1400 1000 140 x Variable co...View the full answer

Accounting Tools for business decision making

Students also viewed these Managerial Accounting questions