Question: Question 10 (1 point) Use the following information for question Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290

Question 10 (1 point) Use the following information for question Labour

Question 10 (1 point) Use the following information for question Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372 Aug 320 $564 What is the equation of the line using the high-low method and this data? $564 = 180 + (1.2X) = ( Y = $180 + ($1.2 x) x = 180+ ($1.20Y) Y = $180 + (1.20 x 320) = x

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:

It has been argued that shareholder wealth maximization is not a realistic normative goal for the firm, given the social responsibility activities that the firm is expected to engage in (such as...

Q:

Question 10 (1 point) Use the following information for question Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372...

Q:

Use the following information for question Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372 Aug 320 $564 What is...

Q:

Mar The following data is used in the next three questions Labour Overhead Month Hours X) Costs (Y) Jan 200 $415 Feb 175 $385 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372 Aug 320 $564...

Q:

Question 9 (1 point) Continue from the previous question Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372 Aug 320...

Q:

The following data is used in the next three questions. Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 175 $385 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 160 $372 Aug 320...

Q:

Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 170 $350 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 175 $400 Aug 350 $600 Using the high-low method, what is the slope for this...

Q:

Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 170 $350 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 175 $400 Aug 350 $600 Using the high-low method, what is the slope for this...

Q:

Labour Overhead Month Hours (X) Costs (Y) Jan 200 $415 Feb 170 $350 Mar 290 $520 Apr 300 $534 May 185 $403 Jun 265 $490 Jul 175 $400 Aug 350 $600 Using the high-low method, what is the slope for this...

Q:

Mark uses the high-low method to estimate total monthly overhead costs for his auto garage. He uses service hours as the overhead cost driver. Data for the following months are shown below:...

Q:

I need to know how to solve and the answer of # 7 please help me ACC-330 Spring 2015 Case Assignment - in Two Parts Part I is worth 5% and Part II is worth 10% towards your final grade (a total of...

Q:

Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Hargin Income Stateeent For Year Ended December 31 Sales (10,000 units at $300 each) Variable...

Q:

Michelle Passmore is purchasing a $25,000 automobile, which is to be paid for in 60 monthly installments of $489.15. What effective annual interest is she paying for this financing arrangement?

Q:

Consider the clock shown in Figure DP2.5. The pendulum rod of length L supports a pendulum disk. Assume that the pendulum rod is a massless rigid thin rod and the pendulum disc has mass m. Design the...

Q:

A B D F Dayton, Inc. Annual Income Statement (Values in Millions) Common Size 2012 2011 2012 2011 Sales $ 178,909 $ 187,510 Cost of Sales 111.631 Gross Operating Profit Selling, General & Admin....

Q:

a) Prepare a detailed report for Blurred Kitchens Limited, clearly explaining the basis for inclusion and exclusion of each element of costs for this job. b) Calculate the total cost and required...

Q:

2021 Transactions 1. In 2021, a new gift card program was started and customers purchased $32,000 in gift cards (i.e. deferred revenue). 2. During 2021, $147,000 in sales were made on the account....

Q:

Income-maintenance policy: wage subsidies and tax credits The U.S. Earned Income Tax Credit (EITC) has been described as one of the most successful elements of U.S. antipoverty public policy,...

Q:

In Problems 4.1 to 4.6, the input voltage V, is de and positive with the polarity shown. Specify how to implement the switches using a position minimal number of diodes and transistors, such that the...

Q:

Historically, demand has averaged 1 4 5 3 units per week with a standard deviation of 2 1 0 The company currently has 8 4 4 units in stock. What is the probability of a stockout? Z = ( x - mu ) /...

Q:

1 If outsourcing to companies or subsidiaries in parts of the world where labour is cheaper continues in the coming years, what will be the implications for HRM in those companies/ subsidiaries?...

Q:

3 How can flexible work arrangements have an impact on employee motivation? In Japan In Japan there is an erosion of the social contract that Japanese workers viewed as sacred for half a century....

Q:

1 Should empowerment be a central part of all HRM policies? Give reasons for your answer Empowerment is a management practice concerned with giving front- line employees more responsibility,...