Part 3 Daemon Corporation is preparing a flexible budget and desires to separate its electricity expense...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Part 3 Daemon Corporation is preparing a flexible budget and desires to separate its electricity expense which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2013 is as follows: January February March Machine hours 3, 800 2,000 4,000 Electricity Expense P31, 500 P20, 000 P36, 600 Requirements: Using the least square method 1. Compute the variable rate per machine hour 2. Compute the fixed portion of Johnson's electricity expense 3. What is the cost function of the Electricity Expense? 4. Compute the total manufacturing cost if actual machine hours is 6, 000 Part 3 Daemon Corporation is preparing a flexible budget and desires to separate its electricity expense which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2013 is as follows: January February March Machine hours 3, 800 2,000 4,000 Electricity Expense P31, 500 P20, 000 P36, 600 Requirements: Using the least square method 1. Compute the variable rate per machine hour 2. Compute the fixed portion of Johnson's electricity expense 3. What is the cost function of the Electricity Expense? 4. Compute the total manufacturing cost if actual machine hours is 6, 000
Expert Answer:
Answer rating: 100% (QA)
Answer1 Variable cost per hour Calculation Y a bx Where Y Total Cost a ... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these accounting questions
-
Suppose you work as an economic analyst in a large research organisation. Unemployment is a key statistic that both government and large investors closely follow to determine how best to implement...
-
At mixing department, all materials are added at the beginning of the process. Lahore and overhead (conversion resources) are added evenly throughout the process. The following information pertains...
-
Materials are added at the beginning of the production process at Santiago Company, which uses a FIFO process costing system. The following information on the physical flow of units is available for...
-
The adjusted trial balance for Sweet Home Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Sweet Home Catering, Inc., for the month ended March...
-
An analyst is interested in testing whether four populations have equal means. The following sample data have been collected from populations that are assumed to be normally distributed with equal...
-
Compare the structure of cyclodecane in an all-chair conformation with that of trans-decalin. Explain why all-chair cyclodecane is highly strained, and yet trans-decalin is nearly strain free. Make...
-
Indicate the functions associated with the investing cycle.
-
Raptor Fuels produces three grades of gasoline Regular, Premium, and Super. All of these are produced by blending two types of crude oil Crude A and Crude B. The two types of crude contain specific...
-
The map at right shows elevation contours as colors - dark green = high elevations and red = low elevation. The colorscale at far right shows more elevation detail. What is the elevation at the...
-
Consider a scenario in which state colleges must actively recruit students. California Sci has $750,000 in assets available. Its Board of Regents has to consider several options. The board may decide...
-
China has had a growing interest in African countries. After talking to a lot of countries, China has taken steps to create a customs union with South Africa. The restricted FT Price is $15 and the...
-
What advanced interventions can organizations implement to address emotional intelligence deficits among employees, such as targeted coaching, training, or immersive experiential learning programs?
-
What advanced strategies can leaders employ to leverage emotional intelligence as a catalyst for inspiring and mobilizing diverse teams towards shared goals, fostering a sense of purpose and...
-
How can organizations leverage emotional intelligence as a cornerstone of ethical leadership, promoting integrity, empathy, and social responsibility in decision-making processes and stakeholder...
-
Yousef owns and manages a taco restaurant in Mexico whose annual revenue is $ 5 , 0 0 0 . Annual expenses are as follows: Labor $ 2 , 0 0 0 Food and water 5 0 0 Electricity 1 0 0 Vehicle lease 1 5 0...
-
b. Suppose the price of apples goes up from $20 to $23 a box. In direct response, Goldsboro Farms supplies 1,300 boxes of apples instead of 1,200 boxes. Compute the coefficient of price elasticity...
-
BUNYAN'S SUPPLY PROJECTED BALANCE SHEET (000's) 19X1 Projected Sales Level: $ 6,170 - Net Profit After Tax: $ 93 (1.5%) 19X8 % 19X9 % ASSETS LIABILITIES AND EQUITY Cash $ 0.5% Notes Payable Acounts...
-
Evaluate the integral, if it exists. Jo y(y + 1) dy
-
Graphic Components (GC) has offered to supply the Federal Aviation Agency (FAA) with computer monitors at "cost plus 20 percent." GC operates a manufacturing plant that can produce 22,000 monitors...
-
Surveying the accounts payable records, a clerk in the controllers office noted that expenses appeared to rise significantly within one month of the close of the budget period. The organization did...
-
On-the-Go, Inc., produces two models of traveling cases for laptop computers: the Programmer and the Executive. The bags have the following characteristics: The total fixed costs per year for the...
-
What part should the sales function play when drawing up a detailed 12 months operational marketing plan for EMA?
-
Suggest a general outline marketing planning strategy for 12 months ahead for Graham Keddie.
-
Explain the differences between marketing strategies and sales strategies.
Study smarter with the SolutionInn App