FREE Trial

Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and

Question:

Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level.


Mace Company accumulates the following data concerning a mixed c


Compute the variable and fixed cost elements using the high-lowmethod.

Transcribed Image Text:

Miles Driven 10.000 8,000 9,000 7,500 Total Cost ary 10,000 S15,000 February March April 13.500 14,400 12,500

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 41% (12 reviews)

Computation of the variable and fixed cost elements using t…View the full answer


answer-question
Answered By
tutor-profile-image
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+ 1+ Reviews 10+ Question Solved
Related Book For  answer-question
Accounting Principles

Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: May 23, 2013 04:41:17
See More Questions

Students also viewed these Cost Accounting questions

Q:
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. Miles Driven 8,000...
A:
1 500 1 000 1 50 x Variable......
Q:
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...
A:
4 160 3 200 1 30 x Variable cost per kilometer High Lo......
Q:
Deines 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-low method. Miles Driven 8,000...
A:
1 400 1 000 1 40 x Variable cost per mile High Low To......
Q:
If you were advising a legal team on how to prepare for a discovery conference, what would you recommend or include? What issues should a legal team and its client consider? What are some of the...
A:
Preparing for a discovery conference is crucial to gather and exchange relevant information in a legal case Here are some recommendations and considerations for a legal team and its client 1 Understan......
Q:
For many viscous materials, the viscosity η may be defined in terms of the expression where Ï and dε/dt are, respectively, the tensile stress and the strain rate. A...
A:
This problem calls for us to determine the maximum temperature to which a......
Q:
Ten days after it was launched toward Mars in December 1998, the Mars Climate Orbiter spacecraft (mass 629 kg) was 2.87 X 106 k/n from the earth and traveling at 1.20 X 104 km/h restive to the earth....
A:
GMm IDENTIFY The kinetic energy is K mv and the pot......
Q:
If the TPP comes into effect, Canada will remove import quotas on American milk, Japan will free imports of American beef, and the United States will remove import tariffs on items such as steel,...
A:
Removing trade barriers on milk and beef will raise......
Q:
Molly Grant is considering whether to install a drink machine at the gas station she owns. Molly is convinced that providing a drink machine at the station would increase customer convenience....
A:
a Present Value Present Value Future Value x Table Factor Present Value Present value 5 000 0 9......
Q:
Below are the critical audit matters for GE. having a hard time understanding its meaning. Please read and explain it better. Critical Audit Matters The critical audit matters communicated below...
A:
The text refers to critical audit matters which arise from the current period audit of the financial statements of General Electric GE These matters a......
Q:
SendIT Limited is a courier company that delivers parcels for various clients. The com- pany has a 28 February year-end. The following is an extract from the asset register of SendIT Limited as at 28...
A:
The answer has been provided and developed by step by step manner 1 1 Land and Building The Land and Building represent the property employed by SendIT restricted to work its business The building was......
Q:
Western Company's budgeted and actual sales for 2009 were: Part (a) Calculate the sales volume variance. Part (b) Calculate the sales price variance. Part (c) Calculate the total salesvariance....
A:
A Computation of the sales volume variance Budgeted Sales at budgeted price ar......
Q:
The controller of Feinberg Company is gathering data to prepare the cash budget for July. He plans to develop the budget from the following info: Of all sales, 40 percent are cash sales Of credit...
A:
Computation of the Cash Budget Feinberg Company Cash Budget For the Month of......
Q:
Neighbor Software Corp. has assembled the following data for the year ended December 31, 2010: Requirement 1. Prepare Neighbor Software Corp. s statement of cash flows using the indirect method to...
A:
Neighbor Software Corp Statement of Cash Flows Year Ended December 31 2010 Cash flows from operating......
Q:
(A) The protective action of ozone in the atmosphere comes through ozones absorption of UV radiation in the 230 to 290 nm wavelength range. What is the energy, in kilojoules per mole, associated with...
A:
A The energy of a photon is given by the equation E hc where E is the energy of the photon in joules J h is Planck s constant 6 626 x 10 34 J s c is t......
Q:
(A) Is there an energy level for the hydrogen atom, E n = 2.69 x 10 -20 J? (B) The energy of an electron in a hydrogen atom is -4.45 x 10 -20 J. What level does it occupy?
A:
ANSWER The energy levels of electrons in a hydrogen atom are quantized meaning they can o......
Q:
The wavelength of light needed to eject electrons from hydrogen atoms is 91.2 nm. When light of 80.0 nm is shone on a sample of hydrogen atoms, electrons are emitted from the hydrogen gas. If, in a...
A:
When light of 80 0 nm is shone on a sample of hydrogen atoms electrons are......
Q:
(A) Determine the wavelength of light emitted in an electron transition from n = 5 to n = 3 in a Be 3+ ion. (B) The frequency of the n = 3 to n = 2 transition for an unknown hydrogen-like ion occurs...
A:
1 A Determine the wavelength of light emitted in an electron transition from n 5 to n 3 in a Be3 ion The wavelength of light emitted in an electron tr......
Q:
Which of the following electronic transitions in a hydrogen atom will lead to the emission of a photon with the shortest wavelength, n = 1 to n = 4, n = 4 to n = 2, n = 3 to n = 2?
A:
The electronic transition in a hydrogen atom that will lead to the emission of a photon......
Q:
Graph the lines and conic section. r = 8/(4 + sin )
A:
Click to View...
Q:
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
A:
The economy begins with a world aggregate supply curve of W......
Q:
Why should the accountant distinguish between transferred-in costs and additional direct material costs for each subsequent department in a process-costing system?
A:
There are two reasons why the accountant should distinguish between tran......
Q:
Transferred-in costs are those costs incurred in the preceding accounting period. Do you agree? Why?
A:
No Transferred in costs or previous department costs a......
Q:
Theres no reason for me to get excited about the choice between the weighted-average and FIFO methods in my process-costing system. I have long term contracts with my materials suppliers at fixed...
A:
Materials are only one cost item Other items often included in a c......
IELTS Writing Task 2 Samples 1st Edition - ISBN: 1973281627 - Free Book