Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill
Question:
Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill production:
Units Produced Total Costs
20..........$16,000
30.........22,000
40............20,000
50.........28,000
1. Use the scattergraph method to estimate the fixed and variable elements of Wyoming’s total costs.
2. Compute the total cost of making 64 windmills, assuming that total fixed costs are $10,000 and that the variable cost rate computed in part (1) does not change.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
1 Scattergraph It appears that at production levels of 2050 windmills ...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
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $10 par, 50,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common...
-
A firm is producing 10,000 units of output. Price at this output level is $16.00 for each unit, and marginal revenue is $13.00. The average per unit cost is $12.00, and the marginal cost is $12.50....
-
Company S has 4,000 shares outstanding and a total stockholders equity of $200,000. It is about to issue 6,000 new shares to the prospective parent company. The shares will be sold for a total of...
-
Write a program Tree that takes a command-line argument n and produces the following recursive patterns for n equal to 1, 2, 3, 4, and 8. So b b b h l 4 3 2 1
-
Hamilton, a U.S. corporation, reports the following results from its current year activities: U.S.-source taxable income ..................................................... $1,000,000...
-
Write and run an SQL query to list all students registered in Adv. Pastels starting on October 1, 2015. Include in this order, Course, CourseDate, CustomerLastName, CustomerFirstName, Phone, Fee, and...
-
During an audit engagement an auditor is expected to communicate with lawyers concerning claims, litigation, and assessments. Listed below are five situations regarding LCA. The last clause or...
-
Maria Rivera, owner of Rivera Pharmacy, uses the direct write-off method in accounting for uncollectible accounts. Record the following transactions in general journal form: July 20 Wrote off $2,325...
-
Find the total number of compounding periods and the interest rate per period for the investment. Nominal Term of Investment Interest (Annual) Rate (%) Compounded Compounding Periods Rate per Period...
-
A Geneva with six slots is used to operate the worktable of a dial-indexing machine. The slowest workstation on the dial-indexing machine has an operation time of 2.5 sec, so the table must be in a...
-
Sabrina Company manufactures large leisure boats. The following schedule shows total fixed costs at various levels of boat production: Units Produced Total Fixed Costs 0100.........$150,000...
-
Given the following mixed costs at various levels of production, complete the requirements. 1. Plot the data on a scattergraph, and visually fit a straight line through the points. 2. Based on your...
-
What patient is therapist Saritha Nair seeing on 10/18/2021? a. Susan Houghland b. Isaiah Venable c. Tierra Falls d. Latisha Culling TherapyCode Description 90901 92240 92507 92530 92540 95831 97010...
-
Why is cost allocation important to health services managers?
-
a. What is the difference between the income statement and balance sheet in regard to timing? b. What is wrong with the following statement? The clinics cash balance for 2020 was $150,000, while its...
-
What are the primary differences between top-down budgets and bottom-up budgets?
-
What is the goal of cost allocation?
-
San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance was $1.98 million. a. Assume that San Mateo is a not-for-profit...
-
Suppose that there are two types of players, good and medium. The team demand curve for top-quality players is Q = 27-5w, and the market supply of top players = is Q 4w, where w is the wage in...
-
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
-
The tort of battery always involves which of the following? a. Harmful or offensive touching b. Menacing behavior but no touching c. Violent contact d. Offensive language
-
The comparative statements of Painter Tool Company are presented below. All sales were on account. Instructions Compute the following ratios for 2015. (Weighted-average common shares in 2015 were...
-
Condensed balance sheet and income statement data for Landwehr Corporation appear below. Additional information: 1. The market price of Landwehrs common stock was $4.00, $5.00, and $8.00 for 2013,...
-
Financial information for Messersmith Company is presented below. Additional information: 1. Inventory at the beginning of 2014 was $118,000. 2. Total assets at the beginning of 2014 were $630,000....
-
E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB...
-
Required information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company....
-
Question 1 Vieux Enterprise's total overhead costs at various levels of activity follow: Month Machine- Hours Total Overhead Costs April 70,000 $198,000 May 100,000 270,000 June 80,000 222,000 July...
Study smarter with the SolutionInn App