The Bronco Book Manufacturing Company had the following costs for equipment maintenance. The maintenance costs are...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Bronco Book Manufacturing Company had the following costs for equipment maintenance. The maintenance costs are mixed. The variable portion is based on books published. The following information is from the most recent year. Month Volume (Number of Books) Maintenance Costs January 30,000 February 25,000 March 28,000 April 33,000 May 24,000 June 26,000 486,000 430,000 462,000 499,000 418,000 438,000 a. Using the above information prepare a computer spreadsheet to calculate the following items using the High- Low Method. 1. Variable cost per unit. (check figure $9) 2. Fixed Costs. (Check figure $202,000) 3. Estimated Maintenance Costs assuming for July assuming that production is estimated at 29,000 books. b. Use a computer spreadsheet to create an x-y scattergraph of the above chart. The Bronco Book Manufacturing Company had the following costs for equipment maintenance. The maintenance costs are mixed. The variable portion is based on books published. The following information is from the most recent year. Month Volume (Number of Books) Maintenance Costs January 30,000 February 25,000 March 28,000 April 33,000 May 24,000 June 26,000 486,000 430,000 462,000 499,000 418,000 438,000 a. Using the above information prepare a computer spreadsheet to calculate the following items using the High- Low Method. 1. Variable cost per unit. (check figure $9) 2. Fixed Costs. (Check figure $202,000) 3. Estimated Maintenance Costs assuming for July assuming that production is estimated at 29,000 books. b. Use a computer spreadsheet to create an x-y scattergraph of the above chart.
Expert Answer:
Answer rating: 100% (QA)
Question answer high low method 1 variable cost high maintenance costlow maintena... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
Students also viewed these accounting questions
-
Robert and Mary file a joint tax return for 2015 with adjusted gross income of $34,000. Robert and Mary earned income of $20,000 and $14,000, respectively, during 2015. In order for Mary to be...
-
Wayne and Maria file a joint tax return on which they itemize their deductions and report AGI of $50,000. During the year they incurred $1,500 of medical expenses when Maria broke her leg....
-
Wayne and Maria file a joint tax return on which they itemize their deductions and report AGI of $50,000. During the year they incurred $1,500 of medical expenses when Maria broke her leg....
-
Show that for an integer n > 2, the period of the decimal expression for the rational number is at most n - 1. Find the first few values of n for which the period of - is equal ton- 1. Do you notice...
-
What type of exploratory research design (observation, projective interview, in depth interview, focus group) would you suggest for each of the following situations and why?
-
In the circuit of Fig. 7.126, is changes from 5 A to 10 A at t = 0 that is, is = 5u (-t) + 10u(t) Find v and i. 0.5 H
-
What role does a data control group play in an EDP system?
-
Water World is considering purchasing a water park in Signal Mountain, Tennessee, for $ 1,850,000. The new facility will generate annual net cash inflows of $ 495,000 for nine years. Engineers...
-
A loan of 20,000 is repaid by a payment of X at the end of eachyear for 10 years. The loan has an annual effective interest rateof 11% for the first 5 years and 12% thereafter. Calculate X. Showthe...
-
Fun & Games Corporation (Fun & Games or the Company) is a local toy store that sells all types of childrens toys and is based in Alexandria, Virginia. The Company has been in business since...
-
Sunshine travel inc is a producer of upright suitcases. ST needs to invest $35,000,000 in equipment which will be depreciated on a seven-year MARCS schedule. The value of the used equipment is...
-
On 1 February 20.2 Khulani Barbers paid the Municipality R6 400, with the credit card of the business, for the electricity account. The bank account of Khulani Barbers had a credit balance. The...
-
1. Computing labour productivity and its relationship to the demandfor labour Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive market. The following table...
-
11:53 < QUIZ QUESTIONS. 1. Based on Chart below, answer this questions. Please use sample of Honda, Toyota or any car company. Explain how you will use this chart to explain exisint products in...
-
Questions 5-10 are based on Figure 13-12 and Google Earth Video 13-#2. The map, imagery and video show the San Andreas Fault in the Carrizo Plain in central California. Wallace Creek is an...
-
ASSETS CHART OF ACCOUNTS Chapter 04 General Ledger 101 Cash 122 Accounts Receivable 131 Inventory 142 Supplies 145 Prepaid Insurance 181 Equipment LIABILITIES 201 Notes Payable REVENUE 401 Appraisal...
-
A, a merchant, supplies B, a minor, with the rice necessary for his consumption. B, refuses to pay the price. Can A recover the Price? Why or why not ? Explain
-
Outline some of the major problems confronting an international advertiser.
-
Most individuals use the calendar year as their tax year. What requirement, if any, in the tax law causes this?
-
Indicate whether each of the following statements about a liquidation is true or false. If the statement is false, explain why. a. Liabilities assumed by a shareholder when a corporation liquidates...
-
On May 10 of the current year, Stowe Corporation distributes to its shareholder Arlene $20,000 in cash and land (a capital asset) having a $50,000 FMV. The land has a $15,000 adjusted basis (for both...
-
Explain the procedure for drawing Mohrs circle under complex stresses.
-
Derive and expression for principal stresses in a body subjected to complex state of stress.
-
Defined principal stresses and principal planes.
Study smarter with the SolutionInn App