Question: for whatever reason I am adding the correct pictures and the only pictures that are posting are those. no matter what I do it just

 for whatever reason I am adding the correct pictures and the

only pictures that are posting are those. no matter what I do

it just keeps posting the same picture over and over again. I'm

sorry for the confusion! I hope this works! this is all the

information the problem gives me. the cost information should be in the

for whatever reason I am adding the correct pictures and the only pictures that are posting are those. no matter what I do it just keeps posting the same picture over and over again. I'm sorry for the confusion!

last picture. V F Y $ + $ X Fuel and oil

for forklift: V $ F Y 2. Using your knowledge of cost

behavior, predict the cost of each item for an activity output level

I hope this works!

this is all the information the problem gives me. the cost information should be in the last picture.

V F Y $ + $ X Fuel and oil for forklift: V $ F Y 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. X Forklift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ X Using this formula, predict the total materials handling cost if activity output is 7,000 moves. Y = $ $ $ V F Y $ + $ X Fuel and oil for forklift: V $ F Y 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. X Forklift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ X Using this formula, predict the total materials handling cost if activity output is 7,000 moves. Y = $ $ $ V F Y $ + $ X Fuel and oil for forklift: V $ F Y 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. X Forklift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ X Using this formula, predict the total materials handling cost if activity output is 7,000 moves. Y = $ $ $ Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V $ F $ Y Indirect labor: V $ F Y $ + $ Fuel and oil for forklift: V $ F 100 X Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V F Y Indirect labor: V $ F $ Y + $ X Fuel and oil for forklift: V $ F $ X 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. Forklift depreciation High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the activity output, as measured by moves for the two different levels, are presented as follows: Resource Number of Moves Total Cost Forklift depreciation: Low 4,500 $2,500 High 15,500 2,500 Indirect labor: Low 4,500 $50,200 High 15,500 89,800 Fuel and oil for forklift: Low 4,500 $2,295 High 15,500 7,905 Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V

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!