Question: I need help with this general accounting question using the proper accounting approach. KitePro Industries observed the following maintenance costs: In March, maintenance cost was

I need help with this general accounting question using the proper accounting approach.

KitePro Industries observed the following maintenance costs: In March, maintenance cost was $50,000 when machine hours were 3,500. - In June, maintenance cost was $46,400 when machine hours were 3,100. Assuming maintenance is a mixed cost, use the high-low method to estimate the total maintenance cost for 3,300 machine hours. a) $47,800 b) $48,200 c) $47,600 d) $48,000

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!

I am looking for help with this general accounting question using proper accounting standards. Given the following costs and machine hours for Brighton Manufacturing, use the high-low method to...

I am looking for help with this general accounting question using proper accounting standards. Use the following data from Alpine Craft Co. to calculate fixed monthly costs using the high-low method:...

please see attachment: multiple choice questions Acme, Inc. had overhead of $310,000 during the year when $260,000 in labor costs were incurred. Estimates at the start of the year for overhead and...

Hi Can anyone help me in budgeting, please find attached. Thank You Management Accounting \"Adding time to your day\" is the slogan of Holzmann Cleaning Services (HCS). The company was started by...

can you solve the maths which are provided in doc file Question 1 Manufacturing Cost Schedule and Income Statement (10marks). This question relates to learning material and objectives from Online...

Assume Sims decided to reduce the estimated overhead for the year by 50 percent: How would that change the net income for the quarter? What would it be as a percentage of sales? Do you think Leroy...

TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that...

Please read carefully, all necessary information is attached, need to show work let me know if there is something missing. Microsoft word can be used thanks. You are Cindy, completing the analysis...

Briefly discuss the cost-volume-profit analysis model and how it is used. Use the attached PDF. APA Citation. 300 words. REVISED PAGES 3 Chapter Three 1 Fundamentals of Cost-Volume-Prot Analysis...

Income statement and statement of comprehensive income for Hansenpheet plc. AC330 - Financial Accounting, Analysis and Valuation Class Exercise Pack 2012-13 Lent Term 2013 Professor Richard Macve The...

Carl, the president of the company acquired by RPZ marketing, has agreed to be interviewed by the business columnist of the local newspaper on the topic of the decision to sell the company to RPZ....

Selected data for Babar Ltd of past year of operations are presented below Production [ in units] Sales [in units] Selling price DLHours Manufacturing cost Raw Materials [S] Salaries of direct...

15. Th e only telescopes that are unaff ected by the atmosphere are orbiting telescopes, and the Hubble telescope is in orbit. In the following enthymemes determine whether the missing statement is a...

You invested $4,500 in a mutual fund exactly 39 months ago when the NAV of the fund was $31.80. You have not acquired or sold any shares since that time. However, the fund paid a special distribution...