Question: I need help with this solution and accounting question Premier Industries recorded overhead costs of $18,600 at an activity level of 5,000 machine hours and

I need help with this solution and accounting question

Premier Industries recorded overhead costs of $18,600 at an activity level of 5,000 machine hours and $12,850 at 3,000 machine hours. What is the total estimated cost for 4,200 machine hours using the high-low method to estimate the cost equation? A. $14,500 B. $16,300 C. $15,960 D. $17,110

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!

Dundar Mifflin makes electronic products for the RCMP. The following data is for the first six months: Direct Labor Hours Manufacturing Overhead January 45,000 $295,000 February 59,600 $305,575 March...

Quiz Content Listen Question 20 Question 201 Point Question 20 An analysis of past fixed maintenance costs indicates that maintenance cost is an average of $0.20 per machine hour at an activity level...

ACCT2401 Question 3 New World Manufacturers makes jars to order and has the following budgeted overheads for the year, based on normal activity levels. Department Budgeted Overheads ($) Overhead...

Question 3 New World Manufacturers makes jars to order and has the following budgeted overheads for the year, based on normal activity levels. Department A B C D Overhead Absorption Base Budgeted...

Question 3 New World Manufacturers makes jars to order and has the following budgeted overheads for the year, based on normal activity levels. Overhead Absorption Base Department A B CA D Budgeted...

2 Tue Sep 14 9:35 AM Excel File Edit View Insert Format Tools Data Window Help AutoSave A @ O... Chapter #5 - Problems - ACC 318 - FS21(2) Q OFF Home Insert Draw Page Layout Formulas Data Review View...

Below is HFS' information extract relating to the year ended 31 December, 2020: Branch Arua Tororo Kasese Masaka Sales revenue (Shs 'million') 200 160 320 250 Total assets (Shs 'million') 120 310 440...

QUESTION 1 1.Management reports are 1. used for decision making both inside and outside the organisation 2. used by financial analysts 3. used for decision making primarily outside the organisation...

An rms-reading voltmeter is connected to the output of the op-amp shown in figure. Determine the meter reading. a. 3 V b. 5.2 V c. 4.24 V d. 2V 36 k2 12 k ww 1.414 cos of V I rms-reading voltmeter

What are the major DW implementation tasks that can be performed in parallel?

Question 2 4 of 2 5 What is included in the dependent care lump - sum cash needs? 1 . Only minor children's care costs 2 . Funds to pay off a dependent's liabilities 3 . Education costs for the...

Q What is the function of anti-pumping in the circuit breaker?