When Jerome Companys monthly costs were $75,000, sales were $80,000; when its monthly costs were $60,000, sales
Question:
When Jerome Company’s monthly costs were $75,000, sales were $80,000; when its monthly costs were $60,000, sales were $50,000. Use the high-low method to develop a monthly cost formula for Jerome’s coming year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Monthly cost formula using the highlow method dev...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Georgia bleadown company uses the high low method to analyze production costs. The following information related to the production data for the first six months of the year. What is the estimated...
-
When Jerome Company's monthly costs were $80,000, sales were $90,000. When its monthly costs were $60,000, sales were $50,000. Use the high-low method to develop a monthly cost formula for Jerome's...
-
Using the high low method 1 Estimate the variable cost per wedding 2 Compute the total fixed cost per month 3 Write out the equation for the cost structure of Something New explain each variable 4...
-
What is the output of the following? A. 1223445 B. 2445 C. 22445 D. 223445 E. 2233445 F. None of the above. public class InitOrder { } {System.out.print("1"); } static System.out.print("2"); } public...
-
Describe the three different tax rates discussed in the chapter and how taxpayers might use them.
-
How many different 4-letter permutations can be formed from the letters in the word decagon?
-
A reconditioned motor with new ball bearings is placed on a truck for delivery. The shaft turns freely, indicating that the bearings are properly installed. The motor gets to the customer, and after...
-
A case study in the chapter analyzed purchasing power parity for several countries using the price of Big Macs. Here are data for a few more countries: a. For each country, compute the predicted...
-
1. The following matrix gives a set of cognate words meaning 'ox' in several dif- ferent languages. Language Word Pronunciation Avestan uxshan uksan Chuvash vgr English OX oks Finnish hrk hrk...
-
Kurt and Wyatt are forming a partnership to develop a theme park near Carlson City, Florida. Kurt contributes cash of $3,000,000 and land with a current market value of $10,500,000. When Kurt...
-
Whitehouse Company manufactures major appliances. Because of growing interest in its products, it has just had its most successful year. In preparing the budget for next year, its controller compiled...
-
Senora Company manufactures a single product that sells for $110 per unit. The company projects sales of 500 units per month. Projected costs are as follows: 1. Prepare a contribution margin income...
-
If a is true and b is false, then ______________. a. a AND b is true b. a AND b is false c. a OR b is false d. If a is true, then b must be true.
-
How far do you believe green finance is now part of the mainstream of finance? To what extent is it embedded in your organization, and other organizations with which you are familiar?
-
What initiatives to accelerate and support the use of FinTech tools and techniques in green finance are you aware of in the jurisdiction(s) where you live and work? How successful are they?
-
A number of other green/sustainable cryptocurrencies are available, including Bitcoin Green and Energy Coin. Pick one of these, or find another online. What are the similarities and differences as...
-
What have senior policymakers, regulators and financial services executives in your jurisdiction said about green and sustainable finance? What have senior executives in your organization said?
-
Today's business leaders must guide their employees and organizations through the changes brought about by technology, marketplace demands, and global competition. Choose a for-profit or...
-
What role can customers play in the innovation process?
-
Explain the Hawthorne effect.
-
Compute the dot product. (1,-1, 1) (-2, 4, -6)
-
Montana Incorporated began the year with a retained earnings balance of $50,000. The company paid a total of $5,000 in dividends and experienced a net loss of $25,000 this year. What is the ending...
-
What does owners equity mean for the owner?
-
Nutritious Pet Food Companys board of directors declares a large stock dividend (50%) on June 30 when the stocks market value per share is $30. At that time, there are 10,000 shares of $1 par value...
-
The figure below shows forces acting at various points on a metal shaft. The angles a = 40, = 29, y = 17. The length = 4.4 m. Find the net torque (in N m) on the shaft about the following axes. 25 N...
-
How can cross-functional teams, comprising members from diverse departments and disciplines, navigate the challenges of differing perspectives, knowledge bases, and work processes to achieve project...
-
What are the unique challenges and opportunities associated with virtual teams and remote collaboration, and how can technology, communication tools, and best practices be leveraged to overcome...
Study smarter with the SolutionInn App