Question: Please show all work Also, this is all one Accounting problem. Goulbum, incorporated produces parts for beavy equipment used in mining and construction. The plant

Please show all work Also, this is all one Accounting problem.
Please show all work Also, this is all one Accounting problem. Goulbum,
incorporated produces parts for beavy equipment used in mining and construction. The
plant that produces one part common to many vehicies is highly automated,
so all labor is considered port of factory overhead. The plant manager,
who has just been promoted, would like to understand how overhead costs
fluctuate in order to improve planning and budgets. After discussions with both
financial and operations members of the plant staff, there is general agreement

Goulbum, incorporated produces parts for beavy equipment used in mining and construction. The plant that produces one part common to many vehicies is highly automated, so all labor is considered port of factory overhead. The plant manager, who has just been promoted, would like to understand how overhead costs fluctuate in order to improve planning and budgets. After discussions with both financial and operations members of the plant staff, there is general agreement that the best cost driver for overhead is machine-hours. Monthly data were coliected from the most recent two years on machine-hours and overhead. More months of data were avaliable. but a process change had taken place about 30 months earlier, so the staff believed any data from before that time would be misleading The dato are shown in the foliowing toble. h. Use the high.low estmation method to estimste the bverhead eost behaviar shxed and variable components of cost for the Goubitr plant a. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulbum plant. b. Prepare a scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Complete this question by entering your answers in the tabs below. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulburn plant: Note: Round variable cost per unit to 2 decimal places. . Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Gouliburn plant. b. Prepare o scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48.000 machine.hours will be worked next month. Complete this question by entering your answers in the tabs below. Use a spreadsheet program to compute regression coefficients to describe the overhead cost epuakion. Notei. Hound "Cost per Machine Hour? ta z decimal places. Round "fixed Costo" to the nearest whole doilar amount? a. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulburn plant b. Prepare a scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Complete this question by entering your answers in the tabs below. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Note: Round "Cost per Machine Hour" to 2 decimal places. Round your final answer to the nearest whole dolfar amount: b. Prepare a scattergraph showing the overhead costs plotted against the machine'hours. Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. Enter the exact coordinates in the dialog box that appears to the right of the graph. 4. Click sove. 5. To change coordinates already saved, click on a point already placed in the graph, ond enter revised coordinatesin the dialog box that opens. Goulburn, Incorporated (1) Factory Overhead (in dollars) Goulbum, incorporated produces parts for beavy equipment used in mining and construction. The plant that produces one part common to many vehicies is highly automated, so all labor is considered port of factory overhead. The plant manager, who has just been promoted, would like to understand how overhead costs fluctuate in order to improve planning and budgets. After discussions with both financial and operations members of the plant staff, there is general agreement that the best cost driver for overhead is machine-hours. Monthly data were coliected from the most recent two years on machine-hours and overhead. More months of data were avaliable. but a process change had taken place about 30 months earlier, so the staff believed any data from before that time would be misleading The dato are shown in the foliowing toble. h. Use the high.low estmation method to estimste the bverhead eost behaviar shxed and variable components of cost for the Goubitr plant a. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulbum plant. b. Prepare a scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Complete this question by entering your answers in the tabs below. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulburn plant: Note: Round variable cost per unit to 2 decimal places. . Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Gouliburn plant. b. Prepare o scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48.000 machine.hours will be worked next month. Complete this question by entering your answers in the tabs below. Use a spreadsheet program to compute regression coefficients to describe the overhead cost epuakion. Notei. Hound "Cost per Machine Hour? ta z decimal places. Round "fixed Costo" to the nearest whole doilar amount? a. Use the high-low estimation method to estimate the overhead cost behavior (fixed and variable components of cost) for the Goulburn plant b. Prepare a scattergraph showing the overhead costs plotted against the machine-hours. c. Use a spreadsheet program to compute regression coefficients to describe the overhead cost equation. d. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Complete this question by entering your answers in the tabs below. Use the results of your regression analysis to develop an estimate of overhead costs assuming 48,000 machine-hours will be worked next month. Note: Round "Cost per Machine Hour" to 2 decimal places. Round your final answer to the nearest whole dolfar amount: b. Prepare a scattergraph showing the overhead costs plotted against the machine'hours. Instructions: 1. Click on a point to the right of the graph. 2. Click within the graph to place the point. 3. Enter the exact coordinates in the dialog box that appears to the right of the graph. 4. Click sove. 5. To change coordinates already saved, click on a point already placed in the graph, ond enter revised coordinatesin the dialog box that opens. Goulburn, Incorporated (1) Factory Overhead (in dollars)

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