Question: Part 5: High-low Required: Using the high-low method and the information below on Thompsons costs for its transportation equipment: Compute the monthly variable cost per

Part 5: High-low Required: Using the high-low method and the information below on Thompsons costs for its transportation equipment:

Compute the monthly variable cost per hour and total fixed costs.

Use the calculations to present the formula for estimating total costs within the relevant range.

What is the expected equipment cost when 200 hours are used?

Month

Hours of equipment usage

Equipment costs

January

186

$10,100

February

192

10,550

March

196

10,644

April

210

11,300

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!

Q:

You are reviewing major competitors' net income over the past 5 year period, with a view to understanding and predicting trends in independent logistics specialist companies. Companies 2 and 3 are a...

Q:

Part 4 . : In each of the following situations, determine whether job-costing (J) or process costing (P) would be more appropriate.: Situation J or P Explanation A. A flour mill. B. A catering...

Q:

17:18 Lunes 3 de octubre . . . 46% Copia de BUS...am Fall 2022 Inicio Insertar Dibujar Disposicion Revisar Ver . . . Calibri 11 N K S a AV BY A EV = Part 4.: In each of the following situations,...

Q:

Required information [The following information applies to the questions displayed below] Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C., area....

Q:

Help with below blanks Nation's Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual...

Q:

Required information PR 6 - 3 8 ( Algo ) High - Low Method; Fitness Centers ( LO 6 - 1 , 6 - 2 , 6 - 5 ) [ The following information applies to the questions displayed below. ] Nation's Capital...

Q:

Using the high-Low Muchod to stimate Variable and Feed Costs Located on S urreale in Glacier National Park, Mary Glacier Hotel was built in 1915 by the Great Northern Rhyn neffort to oplement les...

Q:

Required information PR 6 - 3 8 ( Algo ) High - Low Method; Fitness Centers ( LO 6 - 1 , 6 - 2 , 6 - 5 ) [ The following information applies to the questions displayed below. ] Nation's Capital...

Q:

2.1 (8 marks) Cost Behaviour - Chapter 3 Yellow Theory, Inc. operates a chain of fitness centres in the Montreal area. The firm's VP of Finance is accumulating data to be used in preparing its annual...

Q:

2.1_(8 marks) Cost Behaviour - Chapter 3 Yellow Theory, Inc. operates a chain of fitness centres in the Montreal area. The firm's VP of Finance is accumulating data to be used in preparing its annual...

Q:

Yellow Theory, Inc. operates a chain of fitness centres in the Montreal area. The firm's VP of Finance is accumulating data to be used in preparing its annual profit plan for the coming year. The...

Q:

A restaurant operation's fixed costs.Are $38,000 and variable costs are 65%. The restaurant has a profit target of $40,000. How much sales does the restaurant need to make in order to reach it's...

Q:

For the thermochemical equation H2(g) + Br2() ( 2HBr(g) H = 72.6 kJ What mass of HBr will be formed when 553 kJ of energy are given off?

Q:

The first two months of a pregnancy are classified as the period of fertilization the period of the fetus the period of the ovum the period of the embryo

Q:

Candle's common stock is currently selling for $79.00. It just paid a dividend of $4.60 and dividends are expected to grow at a rate of 5% indefinitely. What is the required rate of return on...