The XYZ Tool Manufacturing Company reports the following factory overhead costs at various levels of direct...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The XYZ Tool Manufacturing Company reports the following factory overhead costs at various levels of direct labor hours for the last four months: Month Direct Labor Hours, x Factory Overhead, y July 2500 hours $ 7000 August 1500 5000 September 2000 6000 October 3000 8000 Total: 9000 hours $26000 Which of the following cost functions is obtained using the high-low method? Select one: a. y = $7000 + $2.5 x b. y = $8000 + $3 x C. y = $3,000 + $2 x d. y = $5000 + $1.5 x e. y = $2000 + $2 x The XYZ Tool Manufacturing Company reports the following factory overhead costs at various levels of direct labor hours for the last four months: Month Direct Labor Hours, x Factory Overhead, y July 2500 hours $ 7000 August 1500 5000 September 2000 6000 October 3000 8000 Total: 9000 hours $26000 Which of the following cost functions is obtained using the high-low method? Select one: a. y = $7000 + $2.5 x b. y = $8000 + $3 x C. y = $3,000 + $2 x d. y = $5000 + $1.5 x e. y = $2000 + $2 x
Expert Answer:
Answer rating: 100% (QA)
Answer Option e Y 2000 2 X is the correct answer Calculation Variabl... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Prince Companys total overhead costs at various levels of activity are presented below: Assume that the overhead cost above consists of utilities, supervisory salaries, depreciation, and maintenance....
-
Nova Companys total overhead costs at various levels of activity are presented below: Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The...
-
Crosshill Company's total overhead costs at various levels of activity are presented below: Assume that the overhead cost above consists of utilities, supervisory salaries, and maintenance. The...
-
During FY 2017, the voters of Surprise County approved construction of a $21 million police facility and an $11 million fire station to accommodate the county's population growth. The construction...
-
One big box store sells a Toshiba notebook computer for $549.99. Each computer has a 57% markup based on selling price. What is the markup and cost of each computer?
-
Figure Q2.16 shows the position graph of a car traveling on a straight road. The velocity at instant 1 is \(\overline{\text { at instant } 2}\) is and the velocity A. positive, negative B. positive,...
-
You tossed a coin 100 times and got 77 heads and 23 tails. Does this seem like a reasonable result? What inference might you draw from the result?
-
Provide a concise summary of the five basic techniques used to manipulate, grow, examine, and characterize microorganisms in a laboratory.
-
Explain how quality pedagogical practice is reinforced by marte meo and research about children's learning?
-
Your final portfolio for the class will be to create a marketing plan for an existing company and Your final portfolio for the class will be to create a marketing plan for an existing company and...
-
4. Promoting soft power has been an important part of Chinas foreign policy strategy in recent years. How effective is the soft power strategy and what are its challenges?
-
Suppose Nabisco Corporation just issued a dividend of $1.19 per share yesterday. Subsequent dividends will grow at a constant rate of 06.40% indefinitely. If the required rate of return for this...
-
Balance per bookP 2 , 0 0 0 , 0 0 0 Bank charges 6 , 0 0 0 Outstanding checks 4 7 0 , 0 0 0 Deposit in transit 6 0 0 , 0 0 0 Customer note collected by bank 7 5 0 , 0 0 0 Interest on customer note 3...
-
The following data have been extracted from the books of Alfa Ltd . Year. Sales Rs . Profit Rs 2 0 1 9 . 5 , 0 0 , 0 0 0 . ( Loss ) ( 2 5 , 0 0 0 ) 2 0 2 0 . 7 , 5 0 , 0 0 0 . 1 , 0 0 , 0 0 0 Explain...
-
A company purchased land for $ 1 2 0 , 0 0 0 cash; $ 7 , 0 0 0 was spent to demolish an old building on the land before construction of a new building could start; and $ 1 , 5 0 0 was received for...
-
1) you will analyse one of the firm's outstanding bonds. Firstly, calculate the credit spread of this bond, using the yield on Treasury bonds of comparable duration. You will need to compute the rate...
-
Explain the concept of continuous integration and continuous deployment (CI/CD). How do these practices improve software development and deployment workflows?
-
Federated Shipping, a competing overnight delivery service, informs the customer in Problem 65 that they would ship the 5-pound package for $29.95 and the 20-pound package for $59.20. (A) If...
-
Richmond, Inc., operates a chain of 44 department stores. Two years ago, the board of directors of Richmond approved a large-scale remodeling of its stores to attract a more upscale clientele. Before...
-
Birch Company normally produces and sells 30,000 units of RG-6 each month. RG-6 is a small electrical relay used as a component part in the automotive industry. The selling price is $22 per unit,...
-
Briefly describe what is meant by enterprise risk management.
-
Is the word anxiety a candidate for creating a stable pattern? If so, give reasons.
-
Define the real meaning of anxiety. What are the different meanings of this word?
-
Can you list six important benefits of this pattern?
Study smarter with the SolutionInn App