The following selected data were taken from the accounting records of Robinson Enterprises. Month Machine Hours Manufacturing
Fantastic news! We've Found the answer you've been seeking!
Question:
The following selected data were taken from the accounting records of Robinson Enterprises.
Month | Machine Hours | Manufacturing Overhead |
June | 14,000 | 333,000 |
July | 16,000 | 345,000 |
August | 15,400 | 339,000 |
September | 12,000 | 291,000 |
A. Calculate Fixed cost and the variable cost per machine hour. Using the high- low method
B. Calculate the total amount of manufacturing overhead the company expect in October if 15,000 machine hours are worked.Assuming the cost behavior continue into the future months
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-1259569562
11th edition
Authors: Ronald W. Hilton
Posted Date: