Home Shine is estimating its fixed and variable costs The following costs were incurred during the month of May by Home Shine when 200 homes were cleaned Cleaning supplies $ 2,400 Hourly wages 4,850 Depreciation cleaning equipment 650 Managers salary 1,400 Auto commuting expenses 1,600 Office rent 850 Total costs $11,750 A Using the account analysis method, determine the total cost function for Home Shine B What would the total cost be if 100 homes were cleaned C What would the total cost be if 450 homes were cleaned

Question: Home Shine is estimating its fixed and variable costs. The following costs were incurred during the month of May by Home Shine when 200 homes

Home Shine is estimating its fixed and variable costs. The following costs were incurred during the month of May by Home Shine when 200 homes were cleaned:

Cleaning supplies	$ 2,400
Hourly wages	4,850
Depreciation - cleaning equipment	650
Manager’s salary	1,400
Auto commuting expenses	1,600
Office rent	850
Total costs	$11,750

A. Using the account analysis method, determine the total cost function for Home Shine.

B. What would the total cost be if 100 homes were cleaned?

C. What would the total cost be if 450 homes were cleaned?

Step by Step Solution

★★★★★

3.40 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A The account analysis method separates costs into fixed and variable components Based on the inform... View full answer

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!

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course to study property, plant,...

The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 65,800 Accounts receivable 255,000 Prepaid rent 5,500 Inventory...

QUESTION 2 a) You are analyzing an offeror's cost proposal. As part of the proposal the offeror shows that a supplier offered 5,000 units of a key part for Sh.60, 000. The same quote offered 4,000...

b) Spic& Span Ltd is estimating it's fixed and variable costs. The following costs were incurred in January 2022 when 320 homes were cleaned Cleaning supplies sh 3500 5000 Depreciation (cleaning...

Malinis Inc. is estimating its fixed and variable costs. The following costs were incurred during the month of July by Malinis Inc. when 200 homes were cleaned: Cleaning supplies P 2,400 Hourly wages...

Best House Cleaning is estimating their fixed and variable costs in operation. the following costs were incurred during the month of January in 2013 by Best House Cleaning when 258 homes were...

EXERCISE 4-9. Account analysis Brandon Janitorial Services is interested in estimating fixed and variable costs. The following data are available for the month of December. Sales Cost December...

Due Sunday, 11/20: Problems from Zimmerman text: 2-11, 2-44, Case 2-3, 7-7, and 7-20 Chapter Two The Nature of Costs Chapter Outline A. Opportunity Costs 1. Characteristics of Opportunity Costs 2....

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

A rotating shaft is mounted in a solid metal bracket using an oil bearing as shown in Figure 1. The shaft has diameter 3.0 cm and rotates at 800 rpm (rotations per minute). The cylindrical hole in...

A rigid 100-L tank contains air at 1 MPa, 200C. A valve on the tank is now opened and air flows out until the pressure drops to 100 kPa. During this process, heat is transferred from a heat source at...

Evaluate the integral. 2 3 2 2 1 1 t s e c - 1 t d t 2 3 2 2 1 1 s e c - 1 t d t = a s needed.

MULTIPLE CHOICE PROBLEM: NOTE - I ALREADY HAD ANSWER TO THIS BUT I DO NOT HOW IT WAS CALCULATED, SO PLEASE PROVIDE ME THE SOLUTION. 1. Smith bought a rental property in Year 1 for $100,000. In Year...

? ? 1. unsaturated hydrocarbon Your answer 2. formed in a free radical reaction Your answer 3. saturated hydrocarbon Your answer 4. has 2 weak bonds that can break Your answer 5. has 1 weak bond that...

11. An ideal mono atomic gas A is supplied heat so as to expand without changing its temperature. In another process, starting with the same state, it is supplied heat at constant pressure. In both...

22 Which of the following islare comrect order for acidic strength? COOH OOH A) B) CH, COOH CH-H CH, CH, COOH D)

Direction: Make a reflection paper on Truth. (Critical Thinking, Character, Creativity, Communication) Guide Question: What is truth? How you tell the truth to others?

working in the marketing and operation department as an interim in a publishing company, what can be the Areas of personal improvement

Divide into groups of four individuals. Your company is named Cole's Cooking Supplies. Assign one person as Cole's sales associate; one as the company's A/R clerk; one as the customer, Louisa's...

The accountant of Green Manufacturing, LLC, has compiled the following information about the direct labor hours and the indirect labor costs for each month of 2016: INSTRUCTIONS 1. Compute the...

A small community called Center needs to increase jobs in the community. Center has some public land that could be developed. The city could sell this land to a private individual for $200,000. The...

Colton has a choice between $100 today and $150 in three months. Farah has a choice between $100 today and $125 in three months. Colton chooses $100 today. Farah chooses $125 in three months. Explain...

BackPedal is a bike-rental shop that rents bicycles, helmets, and other gear by the day. a. BackPedal offers an optional helmet rental for $10/day with the rental of a bicycle. To his surprise, the...

Anna is indifferent between receiving $200 today or $230 in a month. What does this imply about her opportunity cost in the coming month? How much interest would Anna need to charge to lend $200 for...