High-low method and cost formula for maintenance, Accounting Basics

+44 141 628 6080
[email protected]

High-low method and cost formula for maintenance

At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is:

a. $1.20 per unit

b. $1.16 per unit

c. $1,200 plus $1.10 per unit

d. $600 plus $1.10 per unit

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: High-low method and cost formula for maintenance

Reference No:- TGS076688

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Financial statements for exteral reporting purposes

A company acquires a subsidiary and will prepare consolidated financial statements for exteral reporting purposes. For internal reporting purposes, the company has decided to apply the initial value method. Why might the company have made this dec

Q : What percentage of the depreciation would appear

The company's accountant concluded that the year's building depreciation should be allocated as follows: selling activities, 20o/o; admnistrative activities, 35oh; and manufacturing activities ,45oh.If Pumpkin sold 60% of 20x1 production during th

Q : Total variable maintenance cost at an activity level

What would be the total variable maintenance cost at an activity level of 8,000 machine-hours in a month? Assume that this level of activity is within the relevant range.

Q : Conversion costs using weighted-average process costing

ABC Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units were started and the ending Work-in-Process Inventory consisted of 20,000 units (80%). What are the equivalent units for convers

Q : High-low method and cost formula for maintenance

At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is:

Q : Budgeted direct labor costs problem

The company plans to sell 22,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 100 and 400 units, respectively. Budgeted direct labor costs for June would be:

Q : Shareholders as a property dividend

Raven Corporation owns three automobiles that it uses in its business. It no longer needs two of these cars and is considering the possibility of distributing them to its two shareholders as a property dividend.

Q : Using activity-based costing-machining costs assigned

The company produces two products, Gert and Mill. Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to e

Q : What is the amount of company y check

Company X sells $400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check?

1935891

Questions
Asked

3,689

Active Tutors

1424354

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: High-low method and cost formula for maintenance

Reference No:- TGS076688

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Financial statements for exteral reporting purposes

Q : What percentage of the depreciation would appear

Q : Total variable maintenance cost at an activity level

Q : Conversion costs using weighted-average process costing

Q : High-low method and cost formula for maintenance

Q : Budgeted direct labor costs problem

Q : Shareholders as a property dividend

Q : Using activity-based costing-machining costs assigned

Q : What is the amount of company y check

How uncertainty principle in quantum mechanics challenge

What are the three broad psychology career paths

What best describes the dreams within conflict intervention

What are your most important goals right now

Problem regarding example of parenting

What are some examples of independent variables

Discuss five sets of forces that led to the criminalization

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: High-low method and cost formula for maintenance

Reference No:- TGS076688

Recent Questions Asked Accounting Basics

Q : Financial statements for exteral reporting purposes

Q : What percentage of the depreciation would appear

Q : Total variable maintenance cost at an activity level

Q : Conversion costs using weighted-average process costing

Q : High-low method and cost formula for maintenance

Q : Budgeted direct labor costs problem

Q : Shareholders as a property dividend

Q : Using activity-based costing-machining costs assigned

Q : What is the amount of company y check

Asked Questions