Solved: Estimate the variable cost per machine-hour, Accounting Basics

+44 141 628 6080
[email protected]

Estimate the variable cost per machine-hour

Utility costs at one of Dwayne Corporation's factories are listed below:

Machine Hours Utility Cost
February 4.221 $ 39.308
March 4.268 39.573
April 4.234 39.392
May 4.237 39.394
June 4.299 39.787
July 4.318 39.881
August 4.305 39.798
September 4.308 39.831
October 4,226 39,315

Management believes that utility cost is a mixed cost that depends on machine-hours.

Required: Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Please show all computations.

View Complete Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Estimate the variable cost per machine-hour

Reference No:- TGS01620647

Now Priced at $25 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Net advantage per engine of purchasing

If Eldon Engine, Inc., accept the offer to purchase the parts, what would be the net advantage per engine of purchasing?

Q : Improving a performance measure

There is often more than one way to improve a performance measure. Unfortunately, some of the actions taken by managers to make their performance look better may actually harm the organization.

Q : Personal assets to business liabilities

Alice and Bill plan to go into business together. They anticipate losses in the first two or three years, which they would like to use to offset income from other sources. They also are concerned about exposing their personal assets to business li

Q : Methods of depreciation that a company can use

Question 1. Why do we have different methods of depreciation that a company can use? Question 2. Which accounting method provides the lowest net income?

Q : Estimate the variable cost per machine-hour

Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Please show all computations.

Q : Gross margin and total direct manufacturing cost

Highlight the items which are classified as fixed cost? - Depreciation of assembly line facilities at ford - Shipping costs from an Amazon distribution center

Q : Nondeductible contributions to a traditional ira

Both nondeductible contributions to a traditional IRA and contributions to a Roth IRA are similar in the sense that neither provides a tax deduction at the date of contribution.

Q : Characteristics of each type of business entity

Problem 1. Prepare a summary of what you consider to be the TOP 5 major characteristics of each type of business entity. Problem 2. Prepare a summary isolating what you think are the TOP 5 differences between any of the business entities.

Q : Expenditures classified as agi or agi deductions

1) Which of the expenditures listed above (if any) are deductible by Marilyn (before any limitations are applied)? 2) Are each of these expenditures classified as for AGI or from AGI deductions?

1930609

Questions
Asked

3,689

Active Tutors

1434916

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Estimate the variable cost per machine-hour

Reference No:- TGS01620647

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Net advantage per engine of purchasing

Q : Improving a performance measure

Q : Personal assets to business liabilities

Q : Methods of depreciation that a company can use

Q : Estimate the variable cost per machine-hour

Q : Gross margin and total direct manufacturing cost

Q : Nondeductible contributions to a traditional ira

Q : Characteristics of each type of business entity

Q : Expenditures classified as agi or agi deductions

Application of your passage following ibs principles

Explain ropkes thought

Write contextual analysis for luke

How does that characters story relate to a personal struggle

How everyones life is deemed valuable to god

Illustrate what corduan says about witnessing to buddhists

What are the key truths god intends to communicate

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Estimate the variable cost per machine-hour

Reference No:- TGS01620647

Recent Questions Asked Accounting Basics

Q : Net advantage per engine of purchasing

Q : Improving a performance measure

Q : Personal assets to business liabilities

Q : Methods of depreciation that a company can use

Q : Estimate the variable cost per machine-hour

Q : Gross margin and total direct manufacturing cost

Q : Nondeductible contributions to a traditional ira

Q : Characteristics of each type of business entity

Q : Expenditures classified as agi or agi deductions

Asked Questions