Question: ANSWER IS C. PLEASE EXPLAIN 4. Nova Company's total overhead cost at various levels of activity are presented below: Assume that the overhead cost above

ANSWER IS C. PLEASE EXPLAIN

ANSWER IS C. PLEASE EXPLAIN 4. Nova Company's total overhead cost at

4. Nova Company's total overhead cost at various levels of activity are presented below: Assume that the overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 40,000 machine hours level of activity is as follows: Use the high low method to determine the fixed and variable components of Maintenance costs. What would be predicted maintenance cost for the month of August if 64,000 machine hours were expected? a. $1.4564,000 (b.) $138,200+1.364,000 c. $15,000+1.0864,000 d. $75,000+2.3864,000

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 Accounting Questions!

Nova Company s total overhead cost at various levels of activity are presented below: Month Machine - Hours Total Overhead Cost April 5 3 , 0 0 0 $ 2 1 4 , 4 3 0 May 4 3 , 0 0 0 $ 1 9 0 , 3 3 0 June...

Nova Company's total overhead cost at various levels of activity are presented below: Month April Machine- Hours 48,000 38,000 58,000 68,000 Total Overhead Cost $184,180 $ 159,080 $209,280 $234,380...

Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine- Hours 45,000 35,000 55,000 65,000 Total Overhead Cost $ 179, 250 $ 152,350 $...

Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine - Hours 54,000 44,000 64,000 74,000 Total Overhead Cost $ 199,689 $ 172,480 $...

Nova Company's total overhead cost at various levels of activity are presented below: Total Overhead Cost Month April Machine Hours 53,000 $ 235,890 43,000 $ 207,590 63,000 $ 264,190 73,000 $ 292,490...

Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine Hours 48, eee 38,00 58,000 68,000 Total Overhead Cost $ 172,420 $ 154,520 $...

Problem 5A-8 High-Low Method; Predicting Cost (L05-10) Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine- Hours 51,000 41,000...

Nova Company's total overhead cost at various levels of activity are presented below. Total Overhead Cost Month April May June July Machine Hours 53,000 43,000 63,090 73,000 $ 196,120 $ 169,720 $...

Nova Company's total overhead cost at various levels of activity are presented below: Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The...

Problem 5A-8 High-Low Method: Predicting Cost [LO5-10) Nova Company's total overhead cost at various levels of activity are presented below Total Machines Overhead Month Hours April 50,000 $ 201,300...

Assume you are the Marketing Manager for East Chestnut Regional Health. Upper management has requested you prepare a Current Situation/SWOT Analysis summary for them. Conducta Strengths, Weaknesses,...

Find all real singular points of x(x-6 x +8) y" + sin(x) y' +xy 0.

Question 3 4 of 6 0 . Special limitations apply to the amount of depreciation that can be claimed for passenger vehicles. What is the maximum amount of depreciation for a vehicle placed in service in...

Projects A and B are mutually exclusive and both have an initial cost of $88,000. Project A has annual cash flows for three years of $18,300, $34,500, and $52,300, respectively. Project B has annual...

(Appendices) Copy the ingredients from the labels of the following products: (a) deodorant, (b) liquid cleaning product, (c) bug spray, and (d) breakfast cereal. Do any of the labels carry warnings?...

(Appendices) ADJUSTING ENTRIES AND PREPARATION OF FINANCIAL STATEMENTS. Sacramento Stores unadjusted trial balance as of December 31, 19x2, appears below: The following information is also available...

(Appendices) PURCHASES RECORDED NET. Clean Wheels Car Wash purchased $54,200 (list price) of soap for its car-washing machines. The seller offered credit terms of 2/10, n/20. Clean Wheels records...