From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and...
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From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current- year operations: Miles Mowed Labor Costs Month and Cleaned April 350 $9,600 May 300 8,800 June 400 10,400 July 250 8,000 August 375 10,000 September 200 7,200 October 100 6,200 a. Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 4,800✔ + $ 14 ✔ X b. Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 469.6 * + $ 0 X X d. Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 8 percent increase in wages. Monthly labor costs = $ 0 X + $ 0 X X From April 1 through October 31, Coles County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current- year operations: Miles Mowed Labor Costs Month and Cleaned April 350 $9,600 May 300 8,800 June 400 10,400 July 250 8,000 August 375 10,000 September 200 7,200 October 100 6,200 a. Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 4,800✔ + $ 14 ✔ X b. Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 469.6 * + $ 0 X X d. Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 8 percent increase in wages. Monthly labor costs = $ 0 X + $ 0 X X
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Month Miles mowed and cleaned Labor cost April 350 9... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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