Bell's Brewery is a locally owned store specializing in various beer beverages. Most of its business...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2023/03/6423c70cf14ca_3166423c70cdfc2f.jpg)
Transcribed Image Text:
Bell's Brewery is a locally owned store specializing in various beer beverages. Most of its business comes from orders from various regional and national vendors. While Bell's produces everything from stout to ales, the special summer ale is the company's biggest source of revenue. A portion of Bell's operating information for the company's last year follows: Month January February. March April May June July August September October November December Number of Beverages 215 210 235 550 685 615 450 365 325 245 190 185 Operating Cost $ 5,830 5,785 5,945 8,640 9,755 9,290 6,245 6,175 6,045 5,965 4,990 4,890 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per beverage. 4. Using the high-low method results, calculate the store's expected operating cost if it manufactured 440 beverages. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Using the high-low method results, calculate the store's expected operating cost if it printed 440 jerseys. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Total Cost < Required 3 Required > < Prev 6 of 18 www 2 www Next > Bell's Brewery is a locally owned store specializing in various beer beverages. Most of its business comes from orders from various regional and national vendors. While Bell's produces everything from stout to ales, the special summer ale is the company's biggest source of revenue. A portion of Bell's operating information for the company's last year follows: Month January February. March April May June July August September October November December Number of Beverages 215 210 235 550 685 615 450 365 325 245 190 185 Operating Cost $ 5,830 5,785 5,945 8,640 9,755 9,290 6,245 6,175 6,045 5,965 4,990 4,890 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per beverage. 4. Using the high-low method results, calculate the store's expected operating cost if it manufactured 440 beverages. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Using the high-low method results, calculate the store's expected operating cost if it printed 440 jerseys. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Total Cost < Required 3 Required > < Prev 6 of 18 www 2 www Next >
Expert Answer:
Answer rating: 100% (QA)
Requirement 3 Calculation of the total Fixed Operating Costs and Variable Operating Cost per Beverag... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
Students also viewed these accounting questions
-
FunSkis Company manu-factures snow and water skis. Snow skis are the primary product for the company. However, to keep part of the facility operating during the offseason for snow skiing, the company...
-
Sorrentino Company, which has been in business for one year, manufactures specialty Italian pastas. The pasta products start in the mixing department, where durum flour, eggs, and water are mixed to...
-
In Problem 12-45 in Chapter 12, Delaplane Computers supplier receives shipments of laptop screens from its manufacturing facility in the Philippines, which has maximum production rate of 200 units...
-
Debbie plans to buy a house for cash instead of paying a mortgage. She is willing to set aside $12 000 at the end of each year for 15 years. She puts her savings in a Tax Free Savings Account (TFSA)...
-
Suppose someone constructs a 95% confidence interval for 1 - 2 and gets (1.3,12.7). If we were to test H0: 1 = 2 versus HA: 1 2 with a = 0.10, would we reject H0? Or can we not tell from the...
-
Cullumber Technology Inc. began operations in 2017 and reported pretax financial income of $491,000 for the year. Cullumbers tax depreciation exceeded its book depreciation by $46,000. Cullumbers tax...
-
Explain how Internet-based businesses can create value streams, revenue streams and logistics streams. LO.1
-
A company has total assets of $2.5 million, total liabilities of $1.8 million, and $200,000 worth of 8 percent preferred stock outstanding. What is the firms total book value? What would its book...
-
The income statement, balance sheets, and additional Information for Video Phones, Inc., are provided. VIDEO PHONES, INC. Income Statement For the Year Ended December 31, 2021 Net sales $3,236,000...
-
Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2020: 1....
-
on creait, accounts receivadie collections, ana dad aedis. I nese transactions are summarizea as rollows. Year 1 a . Sold $ 1 , 3 5 1 , 6 0 0 of merchandise on credit ( that had cost $ 9 8 0 , 2 0 0...
-
On October 1, Deloitte \& Coopers Price started a consulting firm. The asset, liability, and stockholders' equity account balances after each of the firm's first six transactions are shown below....
-
On June 1, a group of bush pilots in British Columbia, Canada, formed the Adventure Airlines, Inc., by selling \(\$ 51,000\) of common stock for cash. The group then leased several aircraft and...
-
During the first year of operation, 2011, Martin's Appliance recognized \$292,000 of service revenue on account. At the end of 2011 , the accounts receivable balance was \(\$ 57,400\). Even though...
-
During May, Willett Corp. purchased direct materials for 4,250 units at a total cost of \($61,625\). Willetts standard direct materials cost is \($14\) per unit. Prepare the journal entry to record...
-
Determine a positive real root of this equation using appropriate software: \[ 3.5 x^{3}-10 x^{0.5}-3 x=-4 \]
-
Crane Company has 1,280 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January ar February of 2022 are 3,200 and 4.000 units, respectively. Two pounds of...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
Rip Tide Company manufactures surfboards. Its standard cost information follows. Rip Tide has the following actual results for the month of June: Number of units produced and sold ....... 312 Number...
-
Many service industries use job order costing to keep track of the cost of serving clients. Can you think of a service industry that provides fairly homogeneous services? Describe the industry and...
-
Refer to the information for Vestibule in PB5-4. Additional information for Vestibules most recent year of operations follows: Number of units produced ..................... 3,000 Number of units...
-
A medium-sized UK-based insurance company underwrites mainly commercial and industrial property and motor and liability insurance. Outline, with reasons, the types of reinsurance it is likely to buy...
-
If the present value of $1.00 received N years from today at an interest rate of int% is 0.270, what is the future value of $1.00 invested today at an interest rate of int% for N years? a. $1.00 b....
-
Joe is expecting to retire 28 years from now, at which time he wishes to have accumulated $750,000 in his retirement fund (money at that time). If the interest rate is 5% per year, how much should...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App