Moines Company accumulates the following data concerning a mixed cost, using miles as the activity level Compute
Question:
Moines Company accumulates the following data concerning a mixed cost, using miles as the activity level
Compute the variable and fixed cost elements using the highlow method.
Transcribed Image Text:
Total Miles Driven Miles Driven 8,500 8,200 Total Cost Cost March $14,150 $15,000 January February 8,000 7,500 13,600 April 14,490
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
High Low Difference 15000 13600 1400 8500 7500 1000 1400 1000 140 ...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Accounting Principles
ISBN: 9780470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions

Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and fixedcost elements using the highlowmethod. 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 highlowmethod. 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 highlow method. Kilometres...

The joint density function of the discrete random variable (X, Y) is given in Table. (a) Find E(XY). (b) Find Cov (X, Y). (c) Find the correlation coefficient ?X, Y. xl 1 2 1 y 2 3 3 1515 6 0

Early in 2013, Yahoo! CEO Marissa Mayer made the controversial decision to ban employees from working exclusively at home. Her action seems to run in the face of a yearslong trend in the opposite...

In Problem find the general or particular solution, as indicated, for each firstorder differential equation. dy e0.02r %3D dx

What are the four methods managers can use to evaluate the worth of jobs?

Ben Coleman, one of your systems analysis team members, surprises you by asserting that when a system uses a test for correct field length, it is redundant also to include a test for range or...

When the price of good A is $24, the quantity of good B purchased is 800. When the price of good A is $36, the quantity of good B purchased is 1,200. The cross price elasticity of demand between...

Abernathy Corporation was organized on January 1, 2022. It is authorized to issue 10,000 shares of 8%, $50 par value preference shares, and 500,000 shares of nopar ordinary shares with a stated...

For Lamar Company, a mixed cost is $20,000 plus $16 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...

Determine the missingamounts. Contribution Margin per Unit (a) Unit Selling Price $250 Unit Variable Contribution Margin Ratio (b) (d) Costs $170 (c) 1. 2. $500 (e) $200 3. (f) $300 30%

Using samples of 200 credit card statements, an auditor found the following: Sample 1 2 3 4 Number with errors 4 2 5 9 a. Determine the fraction defective in each sample. b. If the true fraction...

n1 = 15, n2 = 18, S = 280, H1: m1 > m2. Exercises 57 present sample sizes and the sum of ranks for the ranksum test. Compute S, S, and the value of the test statistic z. Then find the Pvalue.

n1 = 25, n2 = 32, S = 850, H1: m1 m2. Exercises 57 present sample sizes and the sum of ranks for the ranksum test. Compute S, S, and the value of the test statistic z. Then find the Pvalue.

Evaluate the matrix element $\left\langle j_{1} j_{2} J\leftT_{k q}(1) ight j_{1}^{\prime} j_{2}^{\prime} J^{\prime} ightangle$, where the tensor operator $T_{k q}(1)$ operates only on the part of...

Mark Gold opened Gold Roofing Service on April 1. Transactions for April are as follows: 1 Gold contributed \(\$ 15,000\) of his personal funds in exchange for common stock to begin the business. 2...

n1 = 20, n2 = 30, S = 400, H1: m1 < m2. Exercises 57 present sample sizes and the sum of ranks for the ranksum test. Compute S, S, and the value of the test statistic z. Then find the Pvalue.

Read two articles that deal with strategy in magazines such as Fortune or Business Week. List the strengths and weaknesses of a company reported as well as the opportunities and threats faced by the...

Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...

Assuming the reaction conditions (temperature, concentrations, and so on) are the same, compare the forwarddirection rates for reactions A and B in Problem 13.100. Data from Problem 13100 From the...

Garza Corporation uses straightline depreciation for financial reporting purposes but an accelerated method for tax purposes. Is it acceptable to use different methods for the two purposes? What is...

These expenditures were incurred by Sanler Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys fees $2,100; real estate brokers commission $2,800; and clearing and grading...

Denney Company incurs these expenditures in purchasing a truck: cash price $24,000; accident insurance (during use) $2,000; sales taxes $1,080; motor vehicle license $300; and painting and lettering...

(Present value)Sarah Wiggum would like to make a single investment and have $2.2 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 7 percent annually. How...

Fraudulent financial reporting is an intentional misstatement or omission of amounts or disclosures with the intent to deceive users. Select one: True False

I am having trouble solving this problem on question #27. Can you please show me how to solve it step by step? Cost Mastery Problemi costVolumeProfit Analysis Cost Behavior CovertoCover Company...
Study smarter with the SolutionInn App