Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Calculate

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

See More Books

Question Posted: Mar 13, 2017 02:31 AM

See More Questions

Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. (a) Compute the variable- and fixed-cost elements using the high-low method....
Markowis 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 8,000...
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...
International Accounting Standard No. 21, "The Effects of Changes in Foreign Exchange Rates," deals with foreign currency. It was originally issued in 1983 and was revised and reissued in 1993 as...
You have been hired as the accountant for Christman Company, which uses the periodic inventory method. In reviewing the firms records, you have noted what you think are several accounting errors made...
In Exercises, find the open intervals where the functions are concave upward or concave downward. Find any inflection points. (x) = x(x + 5) 2
A close coiled helical spring has to absorb $60 \mathrm{Nm}$ of energy when compressed $5 \mathrm{~cm}$. The coil diameter is six times the wire diameter. If there are 18 coils, estimate the...
Refer to the data below and use the Final Project Workbook that includes the income statement, balance sheet, retained earnings statement and cash flow statement to complete the final project and...
Reliability and validity are cornerstone concepts in quantitative research, while credibility plays a similar foundational role in qualitative research. Understanding these concepts helps to assess...
After its first month of operations, Paquette Advisors showed the following account balances in its general ledger accounts (T-accounts) as at January 31, 2020. During February, the following...
You work for the controller at Green Partxs Inc., a small specialized supplier to the auto parts industry. Currently, it produces 20,000 units per month, using two shifts, with each shift producing...
Westerville Corp. has collected the following data concerning its maintenance costs for the past six months: Calculate the variable and fixed cost elements using the high-low method. July August...
What is the relation between trade and world output?
Which statement is the most accurate? a) There is no basis for the claim that the United States is living beyond its means. b) Our current account deficit is not a serious problem. c) Our trade...
Which statement is true? a) All oligopolies have only a few firms. b) Most oligopolies have only a few firms. c) Some oligopolies have only a few firms.
Practical Application: Your school has eight megadorms , each housing 2,000 students. Four different student owned and operated pizza delivery services operate on campus. Each de livers to all eight...
An industry that has 100 fi rms, each with a 1 percent market share, would have a Herfin dahl-Hirschman index of _______. a) 1 b) 10 c) 100 d) 1,000 e) 10,000
Each of the following would be a form of price discrimination except ______. a) providing low-priced meals to senior citizens who dine before 6 p.m. b) charging higher airfares to business travelers...
Nancy is a self-employed consultant who uses 10% of her residence as an office. The office is used exclusively for business and is frequented by customers on a regular basis. Nancy also uses her den...
Gopher, Inc. developing its upcoming budgeted Costs of Quality (COQ) with the following information: Expense Item Budget Raw Materials Inspection $ 15,000 EPA Fine 200,000 Design Engineering 15,000...
Your roommate, Normally Nersesian, contends that accounting contributes to most of the steps in management's decision-making process. Is your roommate correct? Explain.
Quick Company manufactures toasters. For the first eight months of 2012, the company reported the following operating results while operating at 75% of plant capacity: Sales (400,000 units)...
Anna Company is considering two alternatives. Alternative A will have sales of $150,000 and costs of $100,000. Alternative B will have sales of $185,000 and costs of $125,000. Compare alternative A...
ABC partnership is dissolving.assume the noncash assets ( axxounts recwivable with a carrying amount of 4 5 0 0 0 and equupment with a cost of 6 5 0 0 0 and accumulated depreciation of 3 5 0 0 0 )...
A taxpayer expenses out $ 1 5 0 , 0 0 0 of tangible property under IRC Section 1 7 9 when they file their Federal return. The taxpayer will need to apportion the Section 1 7 9 between California...
The purpose of this part is to provide you with a better understanding of the origins of the Codification. For this part, you should stay in the Codification, clicking on the tab Other Sources ( on...

Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Calculate

Question:

Kilometres Kilometres January February Driven To Cost 8,000 7,500 $14,150 13,600 March April Driven Tal Cost $12,330 16,490 5,000 8,200

Step by Step Answer:

4160 3200 130 x Variable cost per kilometer High Low T...View the full answer

Managerial Accounting Tools for Business Decision Making

Students also viewed these Managerial Accounting questions