Zachary Computer Services, Inc. has been in business for six months. The following are basic operating...
Fantastic news! We've Found the answer you've been seeking!
Transcribed Image Text:
Zachary Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month July Sept. 256 $15,104 $ 7,200 Aug. 134 Oct. Nov. 322 Dec. Service hours 328 $19,352 $10,560 114 422 $6,726 $4,220 $7,906 $5,270 $24,898 $11,180 $18,998 $ 9,160 Revenue Operating costs Required a. What is the average service revenue per hour in each month and the overall average for the six-month period? b. Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. c. Determine the average contribution margin per hour. Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the average service revenue per hour in each month and the overall average for the six-month period? Month July Aug. Sept. Oct. Nov. Dec. Total Average Average service revenue per hour Required A Required B > Required A Required B Required C Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. (Do not round intermediate icalculations. Round "Variable cost" to 2 decimal places and "Fixed cost" to nearest whole dollar.) Variable cost per hour Fixed cost per month < Required A Required C > Required A Required B Required C Determine the average contribution margin per hour. (Round your answer to 2 decimal places.) ....... .... Average contribution margin per hour Required B Required C > Zachary Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month July Sept. 256 $15,104 $ 7,200 Aug. 134 Oct. Nov. 322 Dec. Service hours 328 $19,352 $10,560 114 422 $6,726 $4,220 $7,906 $5,270 $24,898 $11,180 $18,998 $ 9,160 Revenue Operating costs Required a. What is the average service revenue per hour in each month and the overall average for the six-month period? b. Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. c. Determine the average contribution margin per hour. Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the average service revenue per hour in each month and the overall average for the six-month period? Month July Aug. Sept. Oct. Nov. Dec. Total Average Average service revenue per hour Required A Required B > Required A Required B Required C Use the high-low method to estimate the total monthly fixed cost and the variable cost per hour. (Do not round intermediate icalculations. Round "Variable cost" to 2 decimal places and "Fixed cost" to nearest whole dollar.) Variable cost per hour Fixed cost per month < Required A Required C > Required A Required B Required C Determine the average contribution margin per hour. (Round your answer to 2 decimal places.) ....... .... Average contribution margin per hour Required B Required C >
Expert Answer:
Answer rating: 100% (QA)
Required A Calculation of average revenue per hour for Each Month And Overall average for 6 Month Av... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Felasco Nurseries, Inc., has been in business for six years and has four divisions. Ethan Poulis, the corporation's controller, has been asked to prepare a cash budget for the Southern Division for...
-
Zero Time Oil Change has been in business for six months. The company pays $0.50 per quart for the oil it uses in servicing cars. Each job requires an average of 4 quarts of oil. The company...
-
The Rafi M. Company, which has been in business for three years, makes all of its sales on credit and does not offer cash discounts. Credit sales, customer collections, and write offs of...
-
For each of the following tests, identify two different samples of people who would have the expertise to serve as subject matter experts (SMEs) for providing judgments regarding the content validity...
-
In Example 12.2.4, there is a slightly simpler way to simulate a sample from the posterior distribution of x y. Suppose that we can simulate as many independent t pseudo-random variables as we wish...
-
Frank Petronick decided to start an accounting practice after graduation from university. The following is a list of events that occurred concerning Frank's practice during June 2017, the first month...
-
Fill in the Blank. In real-time frequency analysis, the signal is continuously analyzed over all the ___________ bands.
-
Speedy Delivery is a small company that transports business packages between New York and Chicago. It operates a fleet of small vans that moves packages to and from a central depot within each city...
-
3. Write a C program using float to convert Celsius to Fahrenheit. Input and output syntax as below: Input: Enter temp in Celsius: 32 Output:Temperature in Fahrenheit: 89 (20 mark)
-
The G. Saussy Manufacturing company is putting out four new electronic components. Each of Saussy's four plants has the capacity to add one more product to its current line of electronic parts. The...
-
Assume a company with 5 0 0 , 0 0 0 shares of $ 1 0 par common stock outstanding pays a 2 0 % stock dividend. The pre - dividend market value is $ 3 5 . The following is the shareholders equity...
-
A scale reads 264 N when a piece of iron is hanging from it. What does it read (in N) when it is lowered so that the iron is submerged in water? Please give your answer in N 2. A boat (with a flat...
-
1. A modern-day zeppelin holds 9,840 m 3 of helium. Compute its maximum payload at sea level. (Assume the helium and air to be at 0C and 1 atm.) Please give your answer in N 2. An empty storage tank...
-
A 0.640-kg ball is dropped from rest at a point 2.70 m above the floor. The ball rebounds straight upward to a height of 1.79 m. Taking the negative direction to be downward, what is the impulse of...
-
A coin of mass 10g placed 24cm from the centre of a rotating, horizontal turntable slips when its speed is 80 cm/s. What is the coefficient of static friction between coin and turntable? Provide your...
-
The temperature coefficient of resistivity of a material is 0.0040 (C o ) -1 . By how much T does the temperature of a wire made from this material have to change, in order that the resistance of the...
-
What is a bonds ex post or holding period return and why might it differ from its yield to maturity?
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
On April 1, 2010, Morimoto Corporation issued $8,000,000 in percent, five-years bonds at 98. The semiannual interest payment dates are April 1 and October 1. Prepare entries in journal form for the...
-
As shown in the data that follow, a producer of ceiling fans has determined the unit cost of its most popular model. From these unit costs, determine the total cost per unit of primary processes and...
-
Develop a brief answer to each of the following questions. 1. Which is the most important issue in recording a transaction: recognition, valuations, or classification? 2. What is an example of how a...
-
Find the z-score that corresponds to each percentile. 1. P 5 2. P 50 3. P 90
-
A veterinarian records the weights of cats treated at a clinic. The weights are normally distributed, with a mean of 9 pounds and a standard deviation of 2 pounds. Find the weight x corresponding to...
-
In a randomly selected sample of women ages 20 34, the mean total cholesterol level is 179 milligrams per deciliter with a standard deviation of 38.9 milligrams per deciliter. Assume the total...
Study smarter with the SolutionInn App