Kashieka Clothing Apparel owns a tailor shop and has gathered the following information on utility cost...
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Kashieka Clothing Apparel owns a tailor shop and has gathered the following information on utility cost for the past year. The owner has decided that utilities are a function of the hours worked during the period. Hours Worked Utility Cost January February March April 2,600 2,700 3,360 2,850 Requirements: Using high-low method to separate mixed cost compute for the following: 1. Variable cost per unit. 2. Estimate the total fixed costs component. 3. Variable Cost at Highest and Lowest Level of Activity Highest. 4. Determined Fixed Cost at each level of activity Highest Level. 5. Total Utility Cost Assignment #4 P 19,900.00 18,060.00 21,440.00 20,000.00 During the month of July, the following transactions were completed and reported by Bubbes Manufacturing Company. a. Raw Materials purchased on account, P240,000. b. Materials requisitioned for the month of was P180,000, P12,000 of which were factory supplies. c. Factory payroll for the month was P150,000 of which P30,000 was for indirect laborers. d. Depreciation on factory plan and equipment for the month id P12,000. e. Factory taxes amounted to P 1,500. f. Factory insurance expired amounted to P 4,320. g. Factory utilities for the month amounted to P5,000 Journalize the transaction for July. Kashieka Clothing Apparel owns a tailor shop and has gathered the following information on utility cost for the past year. The owner has decided that utilities are a function of the hours worked during the period. Hours Worked Utility Cost January February March April 2,600 2,700 3,360 2,850 Requirements: Using high-low method to separate mixed cost compute for the following: 1. Variable cost per unit. 2. Estimate the total fixed costs component. 3. Variable Cost at Highest and Lowest Level of Activity Highest. 4. Determined Fixed Cost at each level of activity Highest Level. 5. Total Utility Cost Assignment #4 P 19,900.00 18,060.00 21,440.00 20,000.00 During the month of July, the following transactions were completed and reported by Bubbes Manufacturing Company. a. Raw Materials purchased on account, P240,000. b. Materials requisitioned for the month of was P180,000, P12,000 of which were factory supplies. c. Factory payroll for the month was P150,000 of which P30,000 was for indirect laborers. d. Depreciation on factory plan and equipment for the month id P12,000. e. Factory taxes amounted to P 1,500. f. Factory insurance expired amounted to P 4,320. g. Factory utilities for the month amounted to P5,000 Journalize the transaction for July.
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Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
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