The following information is available for a company's maintenance cost over the last seven months. Using the
Question:
The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenancecost.
Transcribed Image Text:
Month Maintenance Hours 18 36 24 30 42 48 12 Maintenance Cost June August . September . October November . $5,450 6,900 5,100 6,000 6,900 8.100 3,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
Using the low point 3600 125ma...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information is available for a firm to compute the monthly production, ending inventory or backlog, and workforce level. A worker is capable of producing 100 units per month. Assume the...
-
The following information is available for Barkley Company at December 31, 2008, regarding its investments. Instructions (a) Prepare the adjusting entry (if any) for 2008, assuming the securities are...
-
The following information is available for Best Appliance Inc.: Required Calculate the times interest earned ratio for 2014 and compare it to the industry average in Exhibit 18.11. Explain why it...
-
The electron affinity of oxygen is -141kJ/mol, corresponding to the reaction O (g) + e- O- (g) The lattice energy of K2O(s) is 2238kJ/mol. Use these data along with data in Appendix C and Figure 7.9...
-
Stellar Corp. had the following shareholders' equity on January 1, 2014: Common shares, 300,000 shares authorized, 100,000 shares issued and outstanding .......... $ 270,000 Contributed surplus...
-
How do you think the theory of innovation diffusion can be applied to Elon Musks idea of underground tunnels and car elevators?
-
The Tsai-Wu interaction parameter \(F_{12}\) is determined from biaxial failure stress data. One way to generate a biaxial state of stress is by using a uniaxial \(45^{\circ}\) off-axis tension test....
-
Overhead Budget Johnston Company cleans and applies powder coat paint to metal items on a job-order basis. Johnston has budgeted the following amounts for various overhead categories in the coming...
-
6. Write a C# program to implement the following multiple inheritance using interface. Interface: Gross TA,DA,Gross_sal() Class: Employee name, basic_sal() Class: salary Disp_sal(),HRA
-
What is the approximate mass in units of slugs for a. A 2-liter bottle of water? b. A typical adult male? c. A typical automobile?
-
This scatter diagram reflects past maintenance hours and their corresponding maintenance costs. 1. Draw an estimated line of cost behavior. 2. Estimate the fixed and variable components of...
-
Compute and interpret the contribution margin ratio using the following data: sales, $100,000; total variable cost, $60,000.
-
Fit a cubic polynomial to the following data: Along with the coefficients, determine r 2 and sy/x. X 3 y 1.6 4 3.6 5 4.4 7 8 9 11 3.4 2.2 2.8 3.8 12 4.6
-
PEM, Incorporated, is experiencing financial difficulty due to erratic sales of its only product, a high-capacity battery for laptop computers. The company's contribution format income statement for...
-
Assignment 1 requires you to calculate joint probabilities and to develop a decision tree based on the hypothetical stock prices for the major US banks provided in the dataset provided for this...
-
Larned Corporation recorded the following transactions for the just completed month. a. Purchased $80,000 of raw materials on account. b. $71,000 in raw materials were used in production. Of this...
-
Sheffield manufactures a fine wine in two departments, Fermenting and Bottling. In the Fermenting Department, grapes are aged in casks for a period of 30 days. In the Bottling Department, the wine is...
-
A house in Finland has 280 m2 of walls constructed of panels of the type shown in Figure 1. The wood is pine and the insulation has thermal conductivity kins = 0.07 W/m.K. A central heating system...
-
List the ways to refine the design of a report.
-
An item of depreciable machinery was acquired on 1 July 2009 for $120,000 by cash It is expected to have a useful life of 10 years and zero salvage value On 1 July 2012, it was decided to revalue the...
-
Starting with the general expression (6.1.7), explicitly develop forms (6.1.9) and (6.1.10) for the strain energy density. Equation 6.1 .7 Equation 6.1 .9 Equation 6.1 .10 U = 2(0xex + yey + orez +...
-
Martinez Co. reported the following current- year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 150 units 50 from each of the last...
-
Floras Gifts reported the following current- monthly data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 60 units 50 units from the January 6...
-
In 2013, Dakota Company had net sales (at retail) of $ 260,000. The following additional information is available from its records at the end of 2013. Use the retail inventory method to estimate...
-
Subtract and simplify: 5x-6x+2-(-2-x+2x)
-
In order to value a company, you would need to forecast its future (a key word here) free cash flows. How would you approach this task? Using downloaded real data, try to make the forecast and see,...
-
share five (5) pieces of advice you would give the class about personal financial planning. Explain each. You might go back and look at the introductions in the first discussion for a general,...
Study smarter with the SolutionInn App