Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute
Question:
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level.
Compute the variable- and fixed-cost elements using the high-lowmethod.
Transcribed Image Text:
Miles Driven 8,000 7,500 Total Cost $14,150 13,500 Miles Driven 8,500 $15,000 8,200 Total Cost January February March April 14,490
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
1500 1000 150 x Variable c...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
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Bruno Group accumulates the following data concerning a mixed cost, using kilometers as the activity level. Compute the variable- and fixed-cost elements using the high-low method. Kilometers Total...
-
Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and fixed cost elements using the high-lowmethod. Miles Driven 10.000...
-
Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Calculate the variable and fixed cost elements using the high-low method. Kilometres...
-
As discussed throughout Chapter 3, the owner of Evergreen Solar (Jennifer) has been exploring different ways of performing predictive analytics in order to better predict whether any new sales lead...
-
The unadjusted trial balance of La Mesa Laundry at August 31, 2016, the end of the fiscal year, follows: The data needed to determine year-end adjustments are as follows: a. Wages accrued but not...
-
JDLs quick ratio is: (a) 1.0 to 1. (b) 0.7 to 1. (c) 1.5 to 1. (d) 2.4 to 1. JDL Corporation Selected Financial Data, December 31, 2024 Current assets $150,000 Current liabilities 100,000 Inventories...
-
The Student Winner was Ulf Aslak Jensen, for the video "How People Gather: An Interactive Visualization Approach." Watch this video, and answer the following questions: (a) What data are this video...
-
The following accounts are denominated in rubles as of December 31, 2017. For reporting purposes, these accounts need to be stated in U.S. dollars. For each account, indicate the exchange rate that...
-
[The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Prepaid Insurance...
-
A youth soccer club has contracted with Holiday Helpers, a local travel agency, to broker hotel rooms for out-of-town teams that have entered the club's Labor Day weekend soccer tournament. The...
-
For Hunt Company, a mixed cost is $15,000 plus $18 per direct labor hour. Diagram the behavior of the cost using increments of 500 hours up to 2,500 hours on the horizontal axis and increments of...
-
Stiever Corp. has collected the following data concerning its maintenance costs for the past 6 months. Compute the variable- and fixed-cost elements using the high-lowmethod. July August September...
-
Why are many companies divided into departments?
-
20. (10 pts) Imagine that we have the following occur on the marketplace in relation to Gold: Spot Price of Gold is $1,200 Risk Free Rate is 2.5% No transaction costs No storage costs, convenience...
-
b. There are two assets and three states of the economy: Probability of State of Economy State of Economy Recession Normal Boom 0.25 0.40 0.35 Rate of Return Stock A -0.18 0.25 0.5 1. What are the...
-
Elon Musk runs Tesla like Steve Jobs runs Apple. Graham Robertson. While Elon Musk and Steve Jobs have very different personalities, they are one of the top brand leaders of their generations. Here...
-
Sun Industries is considering the expansion of its operation by extending its plant. The new plant, with a life of 10 years, the cost of the plant and associated costs to bring the plan to work...
-
1. A bond has a coupon rate of 8 percent and has 12 years to maturity. This bond has a face value of $1000 and is selling in the market for $1231. What is this bond's yield to maturity? Use both...
-
What is the output of the following when run as java EchoFirst.java seed flower plant? A. 0 B. 1 C. 2 D. The code does not compile. E. The code compiles but throws an exception at runtime. F. The...
-
Funds are separate fiscal and accounting entities, each with its own self-balancing set of accounts. The newly established Society for Ethical Teachings maintains two funds-a general fund for...
-
In a game of bridge, you did not get spades. Write a formula for the probability that your partner does not have spades too. (Bridge is played with a standard 52-card deck by two pairs of partners;...
-
Mega Electronix carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31,...
-
Mega Electronix carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31,...
-
Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to analyze the cost considerations for one of the composite models of the kayak division. They have...
-
What is the minimum quantity firms need to sell in order to start earning profit given insurance costs of $50,000, materials o per unit, and break even quantity is 1500?
-
Assume a 10% discount rate and compute the present value of Rs. 1100, Rs.900, Rs.1500 andRs.700 received at the end of 1-4 years In the above sum if the amounts are received at the beginning of the...
-
Recall that an FX rate XXXYYY = Bid/Offer gives the rate of YYY per XXX. You can buy XXX/sell YYY at the offer price and sell XXX/buy YYY at the bid price. EURUSD is trading at 1.4760/1.4763 USDJPY...
Study smarter with the SolutionInn App