The management of ACME Designs would like to have a better understanding of the behavior of its
Question:
The management of ACME Designs would like to have a better understanding of the behavior of its inspection costs. The company has provided the following data:
The management believes that inspection cost is a mixed cost that depends on direct labor-hours.
On the basis of the given data, complete the following:
- Estimate the variable cost per direct labor-hour using the high-low method. Show your workings.
- Estimate the fixed cost per month using the high-low method. Show your workings.
Transcribed Image Text:
Direct Labor-Hours Inspection Cost February March April May June 4,944 59,381 4,875 58,787 4,918 4,937 59,164 59,299 59,022 4,903 July August September October 4,943 59,363 59,342 59,409 4,942 4,946 4,966 59,565
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
Direct LaborHours Inspection Cost February 4944 59381 March 4875 58787 April 4918 59164 May 4937 592...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
Question Posted:
Students also viewed these Managerial Accounting questions
-
Tele-Call Center handles all of the customer service for an online clothing retailer. The managers would like to have a better understanding of the costs of handling new orders versus the cost to...
-
Demographers have been very surprised that total fertility rates have fallen below 2.0, especially because most people in most countries tell pollsters that they would like to have at least two...
-
Soaring, Inc., makes paragliders, most of which are custom-designed for the customer. Customer costs, the costs incurred to support customers, are a major component of the companys income statement....
-
2. LIMIT COMPARISON TEST: SPECIAL CASES The Limit Comparison Test is most often used when the limit L= lim ak lies in the interval (0, oo). In the case where L is zero or infinity, we can still...
-
Consider a cogeneration power plant that is modified with reheat and that produces 3 MW of power and supplies 7 MW of process heat. Steam enters the high-pressure turbine at 8 MPa and 500°C and...
-
The following budgeted statement of profit or loss has been prepared for Quest Ltd for the four months January to March Year 5: Sales Cost of production (Increase/decrease in inventory Cost of sales...
-
Consider the conditions of Problem 7.36, but now allow for radiation exchange between the surface of the heating element \((\varepsilon=0.8)\) and the walls of the duct, which form a large enclosure...
-
Wheeled Coach, based in Winter Park, Florida, is the worlds largest manufacturer of ambulances. Working four 10-hour days each week, 350 employees make only customer-made ambulances: Virtually every...
-
A cooperative group housing society wants to establish a sinking fund to accumulate Rs.25,00,000 in 3 years to repair the society fencing. The fund earns 12% interest compounded monthly. If there are...
-
The following are the Class Companys unit costs of manufacturing and marketing a high-style pen at an output level of 20,000 units per month: Manufacturing cost Direct materials ......$1.00 Direct...
-
What is the internal rate of return for a project that has a net investment of $75,000 and the following net cash flows: Year 1 = $15,000; Year 2 = $20,000; Year 3 = $25,000; Year 4 = $30,000?
-
New Jersey Designs is a large merchandiser of apparel for budget-minded families. Management recently became concerned about the amount of inventory carrying costs and transportation costs between...
-
Assume that you are using the indirect method of preparing a statement of cash flows. For each of the changes listed, indicate whether it would be added to or subtracted from net income in computing...
-
(1) Dr. Jerry Boyle is a Board Certified Gastroenterologist who practices in Columbus, Ohio. Among other things, he performs colonoscopy screening for patients in order to detect and remove colon...
-
You look just over the lip of an empty beaker of height h and diameter d at the far bottom corner. The beaker is then filled with a clear liquid whose index of refraction is n. Without moving your...
-
Suppose that the actual demand in period 1 was 10 units and the actual demand in period 2 was 9 units. Assume that the forecast for period 1 was for 8 units. If the firm uses exponential smoothing...
-
A sparrow flutters around a crow sitting on a tree branch with a speed of 4 . 0 m / s , while chirping with a frequency of 8 5 0 . 0 Hz . What frequency of sound does the crow hear, as the sparrow...
-
The Medical Rehabilitation Education Foundation reports that the average cost of rehabilitation for stroke victims is $24,672 and the standard deviation of the population is $3,251. To see if the...
-
Use Lagrange multipliers to find the maximum and minimum values of f subject to the given constraint(s). f (x, y) = 1/x + 1/y; 1/x 2 + 1/y 2 = 1
-
In your readings, there were many examples given for nurturing close family relationships in this ever-evolving technological society we live in Based upon your readings and research describe three...
-
Preventing fatigue crack propagation in aircraft structures is an important element of aircraft safety. An engineering study to investigate fatigue crack in n = 9 cyclically loaded wing boxes...
-
An article in the Journal of Aircraft (1988) describes the computation of drag coefficients for the NASA 0012 airfoil. Different computational algorithms were used at with the following results (drag...
-
An article in Techno metrics (Vol. 19, 1977, p. 425) presents the following data on the motor fuel octane ratings of several blends of gasoline: Construct a stem-and-leaf display for these data. 88.5...
-
Tasks : Your business memo should address the following scenario/prompt You business memo will be addressed to all employees at your company. It will announce a new policy of "paid time off" based on...
-
THESIS: MY DREAM IS TO BECOME A BSN NURSE Instructions The following are the guidelines for creating your informative speech PowerPoint for the presentation: Slide 1: Title Slide: Include the title,...
-
For each problem: a) Find the eigenvalues and eigenvectors of A "by hand", writing and solving the characteristic equation. (You do not need to type this part, just write it neatly, if you like). b)...
Study smarter with the SolutionInn App