Question: Using the high-low points method. Direct labor hours and indirect labor costs for each quarter of 19X1 for the Rosedale Company are shown below. Instructions

Using the high-low points method. Direct labor hours and indirect labor costs for each quarter of 19X1 for the Rosedale Company are shown below.

Direct Indirect Labor Hours Labor Costs First Quarter 60.000 $208,000 Second Quarter

Instructions Using the high-low points method, compute the variable rate per direct labor hour and the fixed cost per quarter. Show your computations.

Direct Indirect Labor Hours Labor Costs First Quarter 60.000 $208,000 Second Quarter 68,000 224,000 Third Quarter 57.000 202,000 Fourth Quarter 64,000 216,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Cost Accounting Questions!

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

Using the high-low points method. Direct labor hours and indirect labor costs for each quarter of 19X2 for the Daley Company are shown on page 413. Instructions Using the high-low points method,...

Using the high-low points method and the method of least squares. The direct labor hours and payroll taxes and fringe benefits of the Cleary Company for six months during 19X1 are shown below....

The Swenson Company is developing a budgeting program for its manufacturing operations. In analyzing indirect labor costs, figures for each month in the past year, 19X1, have been assembled. 1. What...

1. JCH Company conducts business in the lumber and building products industry. Last week, JCH purchased 50 railcars of lumber from a mill in Oregon and sold all 50 to a Home Depot store in North...

Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: 1 Indirect labor $507,000.00 2 Cutting Department 156,000.00 3 Finishing...

Finacial Accouting 1-7 There are 7 problems to complete for this chapter. Please complete in Excel complete with formulas and cell references. Problem 1 Classify each cost as being either variable or...

Activity-based department rate product costing and product cost distortions Instructions Amount Descriptions Factory Overhead Rates Factory Overhead Costs Instructions Big Sound Inc. manufactures two...

Use the Second Derivative Test to find and classify the critical points of the function f(x,y)=6xy-x2y-xy. Find the maximum and minimum values of the function f(x) = res on the curve C, where C is...

1) Describe the analytical procedure you would perform for each one of the accounts -include questions to ask or items to consider during analyses of the balances. 2) Lastly, Explain whether the...

Abe is calculating a stock investment risk. If the hypothesis is H 0 : 1 H A :

Prepare a comparative horizontal analysis of the change in each current asset account from Year 6 to Year 7. Express each change in dollars and the percentage each change represents. Comment on each...

Explain unit cost and total cost relationships. (Obj. 1). The depreciation cost for the Dunn Company is $20,000 per month. a. What should the depreciation cost per direct labor hour be if 4,000 hours...

Explain unit cost and total cost relationships. (Obj. 1). At the Open Door Company, factory supervision is a fixed cost of $10,000 per month. a. Compute the supervision cost per direct labor hour at...

Explain unit cost and total cost relationships. (Obj. 1). At the Shelby Company, indirect materials are purely variable costs, varying in proportion to direct labor hours worked at the rate of $.80...

a. There is considerable debate as to whether asset returns are generated by asset allocation, stock selection or a combination of both. Define the terms: asset allocation and stock selection....

mga ware/s2b2Fmhe 2001 Blue Water S... Youtube Maps mework Saved Help Save & Exif Check E7-12 (Algo) Analyzing Keep-or-Drop Decision (LO 7-2, 7-5) Anderson Publishing has two divisions: Book...

A deposit of $300 earns the following interest rates: a. 8 percent in the first year. b. 6 percent in the second year. c. 5 percent in the third year. What would be the third year future value?...