EAC Company is preparing a flexible budget for the first half next year, and came up...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
EAC Company is preparing a flexible budget for the first half next year, and came up with the following budgeted unit sales with their corresponding total costs: Month January P39,700 6,000 February P26,800 4,100 March P32,740 5,800 April P39,600 7,300 May P35,200 5,340 June P37,000 5,300 Compute for the following Using Least Square Regression Analysis and High-Low Method: 1. Variable cost per unit. 2. Monthly Fixed Cost. 3. Total Fixed Cost for the year June July August Total Cost Part B. Using least square regression analysis and high low method, calculate the VC per unit, FC, and total costs at 2,200 units. Month Units produced 1,800 1,200 1,700 September 1,000 Total costs Units $35,000 $25,000 $34,000 $20,000 EAC Company is preparing a flexible budget for the first half next year, and came up with the following budgeted unit sales with their corresponding total costs: Month January P39,700 6,000 February P26,800 4,100 March P32,740 5,800 April P39,600 7,300 May P35,200 5,340 June P37,000 5,300 Compute for the following Using Least Square Regression Analysis and High-Low Method: 1. Variable cost per unit. 2. Monthly Fixed Cost. 3. Total Fixed Cost for the year June July August Total Cost Part B. Using least square regression analysis and high low method, calculate the VC per unit, FC, and total costs at 2,200 units. Month Units produced 1,800 1,200 1,700 September 1,000 Total costs Units $35,000 $25,000 $34,000 $20,000
Expert Answer:
Answer rating: 100% (QA)
Part A Where N Number of data points months 6 xy Sum of the product of units and total costs x Sum of units y Sum of total costs x2 Sum of squares of ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Damon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Damon Manufacturing's operations: Current Assets as of December 31 (prior...
-
Presidio Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Presidio Manufacturing's operations: Current assets as of December 31...
-
What operational changes would you recommend to Wally to improve performance? Wally Meyer deftly balanced his office keys and a large printout of forecasting data as he wheeled his mountain bike...
-
In 2012, the average credit score for loans that were purchased through Fannie Mae was 766. A random sample of 35 mortgages were selected, and it was found that the average credit score was 771with a...
-
During 2011, Yale Company acquired some of the 50,000 outstanding shares of the common stock , par $12, of Carol Corporation as available-for-sale investments. The accounting period for both...
-
Who selects members of the Board of Governors? Does Congress play a role? Who selects the Boards chair and vice chair? Who selects senior officers of Reserve Banks?
-
Pick an industry and a product or service. Engage in a creative-thinking process, as outlined in Chapter 11, to generate an improved offering. Do the same to create an entirely new offering that uses...
-
Judy Jean, a recent graduate of Rollings accounting program, evaluated the operating performance of Artie Companys six divisions. Judy made the following presentation to Arties board of directors and...
-
asap please 1. Determine a maintenance priority by calculating Preventive Maintenance Factors (PMFs) for the three pieces of equipment listed in the table below. Clearly state which piece of...
-
Hannah Turnbull manages Elegant Suites, a hotel in a small town 10 miles inland from Florida's beautiful gulf coast. Elegant Suites has a capacity of 320 suites and offers a small, but well managed,...
-
Earl Lee Riser Alarm Co. issued $10,000 of bonds on January 1, 2021. The bonds pay interest semiannually. This is a partial bond amortization schedule for the bonds. Effective interest Decrease in...
-
discuss any and all contract theories of law that apply. Must include if the contract is bilateral or unitlateral,formal or informal, expressed or implied, and does it fall under statue of fraud. Yes...
-
A company has total current assets of $750,000 and long-term assets of $950,000. Total current liabilities equal $350,000 and total long-term liabilities are $300,000. The company has 200,000 shares...
-
Don's Drones has $760,500 in assets and $380,000 in liabilities. How much is its owner's equity?
-
What do you feel are the strengths and weakness of the economies of Latin America? Explain.
-
How are treasury stock transactions recorded using the cost method?
-
During the first couple weeks of a new flu outbreak, the disease spreads according to the equation I(t) = 4500e0.077t, where I(t) is the number of infected people t days after the outbreak was first...
-
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a seven-year operating lease agreement. The contract calls for quarterly rent payments of $25,000 each....
-
The manager of the main laboratory facility at CitiHealth Center (from E6-57B) collects seven additional months of data after obtaining the regression results in the prior period. The number of tests...
-
Certain item descriptions and amounts are missing from the monthly calculation of cost of goods manufactured and the income statement of Tioga Manufacturing Company. Fill in the missing items....
-
Helton Medical Supply began October with $10,600 cash. Management forecasts that collections from credit customers will be $12,200 in October and $15,800 in November. The business is scheduled to...
-
Draw Bode plots for a sixth-order Pade approximation to a pure delay of 1 second.
-
A rejection network that can be utilised instead of the twin-T network is the bridged-T network shown below. The transfer function of this network is given by \[...
-
Sketch the polar plot of the frequency response for the following transfer functions: 1 (a) KG(s): = (1+0.5s) (1+2s) (1+0.5s) (b) KG(s) = $2 s+10 (c) KG(s) = s2+6s+10 30(s+8) (d) KG(s) = s(s+2)(s+4)
Study smarter with the SolutionInn App