Question: White & Co. provides IT support services for small businesses located in the Calgary area. The accountant has performed an analysis of costs for the

White & Co. provides IT support services for small businesses located in the Calgary area. The accountant has performed an analysis of costs for the last month.

The cost formula estimated by the accountant is Total cost = $116,075 + $7.28X, where X is the number of billable customer support hours per month. The total cost in the month the accountant did the work was $193,243.

Required:

How to find the variable and fixed rate of admin expenses

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!

The Pullman Inc, a segment of Sysco Holdings manufactures chain hoists. The raw materials inventories on hand on October 1 were as follows: Chain................12,000lb, $24,000...

Crazy Canucks is a small, family - owned retailer specializing in alpine ski and snowboard equipment located in Squamish, B . C . An Office - to - Go occupies 4 , 0 0 0 square feet of commercial...

White & Co . provides IT support services for small businesses located in the Calgary area. The accountant has performed an analysis of costs for the last month. The cost formula estimated by the...

Ints C feferences White & Co. provides IT support services for small businesses located In the Calgary area. The accountant has performed an analysis of costs for the last month. The cast formula...

White & Co. provides IT support services for small businesses located in the Calgary area. The accountant has performed an analysis of costs for the last month. The cost formula estimated by the...

( No White & Co . provides IT support services for small businesses located in the Calgary area. The accountant has performed an analysis of costs for the last month. The cost formula estimated by...

What is the working capital, current ratio, and quick ratio of Intuit? Please use the attached annual report. Frequently, management will comment on liquidity in the MD&A (management's discussion and...

Using the SEC 10-K for LOCKHEED MARTIN answer the questions below: ****I included the report in the attachment **** What were total current assets for the two most recent years? What were total...

Refer to DCdesserts.coms activity-based flexible budget in Exhibit 1111. Suppose that the companys activity in June is described as follows: In Exhibit 1111 Process...

Hollowell Audio, Inc., manufactures military-specification compact discs. The company uses standards to control its costs. The labor standards that have been set for one disc are as follows: During...

Study the digital technology, non-digital technology, and software descriptions (A-O). Match the description to the matching feature or explanation 1-10. Use the dropdown to make your selection. A....

Q What is the function of anti-pumping in the circuit breaker?