Current Attempt in Progress Sandhill Company accumulates the following data concerning a mixed cost, using kilometres...
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Current Attempt in Progress Sandhill Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Kilometres Driven Total Cost Driven Total Cost January 8,600 $14,650 March 4,750 $12,130 February 7,570 13,800 April 8,750 17,410 (a1) Your Answer Correct Answer Your answer is correct. Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, e.g. 11 Variable cost $ 1.32 per kilometre (a2) Calculate the fixed cost element using the high-low method. Fixed cost $ eTextbook and Media Attempts of Current Attempt in Progress Monty Co. has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $73,200, $132,000, and $24,000, respectively. The estimated annual use in each department is 400 setups, 4,000 machine hours, and 3,000 inspections. Calculate the overhead rate for each activity. Machine setups $ Machining Inspections $ eTextbook and Media per setup per machine hour per inspection Current Attempt in Progress Sandhill Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Kilometres Driven Total Cost Driven Total Cost January 8,600 $14,650 March 4,750 $12,130 February 7,570 13,800 April 8,750 17,410 (a1) Your Answer Correct Answer Your answer is correct. Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, e.g. 11 Variable cost $ 1.32 per kilometre (a2) Calculate the fixed cost element using the high-low method. Fixed cost $ eTextbook and Media Attempts of Current Attempt in Progress Monty Co. has three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $73,200, $132,000, and $24,000, respectively. The estimated annual use in each department is 400 setups, 4,000 machine hours, and 3,000 inspections. Calculate the overhead rate for each activity. Machine setups $ Machining Inspections $ eTextbook and Media per setup per machine hour per inspection
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Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Posted Date:
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