Question: Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be

to be linear? Yes 2. Using the high-low method, select a cost

Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? Yes 2. Using the high-low method, select a cost formula for the receiving activity. Receiving cost = $6,600 - ($12 x number of receiving orders) X Usir Receiving cost - $6,600 + ($12 x number of recelving orders) ponth in which 1,450 receiving orders are processed? Receiving cost $6,600 - ($12 x number of receiving orders) Receiving cost - ($12 x number of receiving orders) - $6,600 bed on this formula, what is the predicted cost of receiving for a quarter in Receiving cost - $6,600 + ($15 x number of receiving orders) Receiving cost- $6,600 - (515x number of receiving orders) 3. whid Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? Yes 2. Using the high-low method, select a cost formula for the receiving activity. Receiving cost = $6,600 - ($12 x number of receiving orders) X Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? 3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated? Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated

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!

Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula goods), which she believes is driven by the number of receiving orders. Ten...

eBook Month Print Item Receiving Orders Receiving Cost 1 1,000 $18,000 2 700 3 15,000 28,000 1,500 4 1,200 17,000 1,300 25,000 6 21,000 1.100 1,600 7 29,000 8 1.400 24,000 27,000 o 1,700 10 900...

Time Period from the One Used to Develop a Cost Formula Refer the information for Farnsworth Company above. Required: 1. Prepare a scattergraph based on the 10 months of data. Does the relationship...

Please help me to learn this with full description if possible Classifying Costs as Fixed and Variable in a Service Organization Alva Community Hospital has ve laboratory technicians who are...

Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period Speedy Petes is a small start-up company that delivers high-end coffee...

I will upload excel file. The question is in the excel file. Answer it in the same file . And please note the assignment has 3 sheets. so look at them carefully BUSI3320(All sections) Computer...

fill in the blanks what exactly do you need clarification on? primarily fixed, but she found that costs increased with the of tests performed. Costs for this service over the past nine are as...

Refer to the Farnsworth Company information in Problem 3-41 for the first 10 months of data on receiving orders and receiving cost. Now suppose that Tracy has gathered two more months of data: For...

Prepare a scatter graph based on 10 months of data. Please show work. Use the following information for Problems 3-43 and 3-44 Farnsworth Company has gathered data on its overhead activities and...

13) Given the following equations: HO (g) + CO (g) H2(g) + CO2(g) FeO (s) + CO (g) Fe (s) + CO (g) Kc = 4.8 Kc = 0.48 Calculate the Kc value for: Fe (s) + H0 (g) FeO (s) + H(g) Kc = ??? +

The U.S. presidential election in 2000 was the closest presidential race in the electoral vote since 1876. Yet, only a little over half of eligible voters chose to cast a vote. Table 21 Presidential...

Which of the following statements is false? Mutiple Cholice Menfacturing coss include diect maberiws, sliect laboc, and masulaching overhead. indrect labor is included in manvactiring overhead. Rha...

AbnerCorporation's bonds mature in22 years and pay11 percent interest annually. If you purchase the bonds for$1,200, what is your yield tomaturity? Your yield to maturity on the Abner bonds...

2. There is no simple solution to the distractions that we face in our personal and work lives. Jackson states that the solution to the issue is self-discipline. Many distractions are self-initiated....

2. Print out the most recent e-mails that you have sent or received and bring them to class. Analyze their effectiveness in terms of the e-mail tips in this chapter. Did the messages violate any of...

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?