The accountant for Fast Deliveries Ltd accumulates the following data concerning a mixed cost using kilometres as the activity level Required Compute the fixed and variable cost elements using the high low method Month Kilometres driven Total cost January 16 000 February 15 000 $33 100 $31 100 Marc...

The Answer is in the image, click to view ...

The accountant for Fast Deliveries Ltd accumulates the following data concerning a mixed cost using kilometres as

Question:

The accountant for Fast Deliveries Ltd accumulates the following data concerning a mixed cost using kilometres as the activity level. image text in transcribed

Required
Compute the fixed and variable cost elements using the high-low method.

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

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

See More Books

Question Posted: Apr 27, 2024 03:01 AM

See More Questions

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...
Favero Ltd accumulates the following data concerning a mixed cost using kilometres as the activity level. Month Kilometres driven Total cost January 8 000 $16 550 February 7 500 $15 550 March 8 500...
PERCH FALLS MINRO HOCKEY ASSOCIATION FUND Operating Capital Endowment Cash Inflows: Government grant for operating Costs $162 Government grant for hockey arena $350 Corporate donations for hockey...
a. Using the financial statements shown here for Lan & Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and...
Whats next for Tesco? Where and how can it grow? Who will it target?
Define the following : (a) Indicated power (b) Brake power (c) Mechanical efficiency (d) Indicated and brake thermal efficiency (e) Relative efficiency
a. Given the following forecast and steady regular output of 550 every month, what total cost would result if overtime is limited to a maximum of 40 units a month, and subcontracting is limited to a...
Key comparative figures for Apple and Google follow. $ millions Net sales Cost of sales 161,782 163,756 Apple Google Current Year Prior Year Current Year Prior Year $ 260,174 $ 265,595 $ 161,857 $...
Baxter Manufacturing Ltd has determined total factory overhead costs at both minimum and maximum levels of production 100 000 machine hours and 150 000 machine hours respectively. The total factory...
Fantastic Feathers Ltd sells feather quilts and has never used CVP analysis in its 4year history. The manager provides you with the following sales and cost data for the first 4 years of operation....
(a) The team members in the running for promotion are Sage, Kelsie, Zoey and Rory. (b) The team members in the running for promotion are Sage, Kelsie, Zoey, and Rory. Choose the correctly punctuated...
Financial Calculations. I am in need of assistance calculating accurate financial formulas to assess McDonald's for quarter 2 in 2022 and 2021 (See below attached balance sheet, income statement, and...
2. During the year, Job 400 was started and completed. The following information was available with respect to this job: Direct materials requisitioned Direct labor cost S Machine-hours used $310 210...
Discuss critically the types of Malaysian banking systems . Discuss What steps the government of Malaysia took to grow their economy.
5. Convert 111012 to decimal. Assume it is unsigned. 6. Solve for x in 2x 001000002 7. Convert 010110012 to decimal. Assume unsigned again.
a) b) c) The amplifier whose equivalent model is given below has poles at 120 kHz, 2 MHz and 8 MHz, with gm-30 ms. The first pole is generated by the input circuit, second pole is generated by the...
A flow of liquid glycerine flows around an engine, cooling it as it absorbs energy. The glycerine enters the engine at 60oC and receives 9 kW of heat transfer. What is the required mass flow rate if...
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...
What measures can organizations implement to promote transparency and accountability in the budgeting process, thereby fostering trust and buy-in among stakeholders and facilitating...
Based on the following cost expenditures for the construction of an office / warehouse development ( to include direct and indirect charges ) , calculate the peak financial requirement: Month Monthly...
Carlos has worked very hard through his career as a teacher and is contemplating an early retirement. He already has a pension in place commencing at retirement age but wants to cut back on his...

The accountant for Fast Deliveries Ltd accumulates the following data concerning a mixed cost using kilometres as

Question:

Month Kilometres driven Total cost January 16 000 February 15 000 $33 100 $31 100 March 17 000 $35 100 April 16 400 $33 900

Step by Step Answer:

Accounting

Students also viewed these Business questions