Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles....
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Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs. Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs. Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs. Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs. Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs. Cycle Accessories manufacturers cellphone holders that can be mounted on the handle bars of most motorcycles. The manufacturing process is highly automated and management feels that machine-hours are likely the main driver of overhead costs. Data from the most recent year are shown below. Month January February March April May June July August September October November December Fixed cost Variable cost 69 Machine-Hours 3,400 3,460 3,700 4,420 4,600 5,200 5,800 6,400 Required: 1. Using least-squares regression, estimate the fixed cost and variable cost elements of monthly overhead costs. Estimate the fixed cost element to the nearest dollar and the variable cost element to the nearest cent. Total overhead costs 6,100 4,600 3,760 5,800 Overhead Costs $61,700 66,620 73,700 81,020 82,710 81,480 92,670 91,880 88,420 80,360 75,270 89,130 8.44 per machine hour 2. If the company expects to use 4,900 machine-hours next month, estimate total overhead costs.
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Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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