Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and...
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Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: Pints of Applesauce Month January February March April May June July August September October November December Required: Produced Energy Cost 35,100 $ 23,500 21,100 22,200 22,100 22,100 24,100 22,550 30,100 23,000 32,100 23,450 40,100 28,100 30,100 22,900 30,100 23,100 28,100 22,800 41,100 24,200 39,100 25,050 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 27,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed a company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: Pints of Applesauce Month January February March April May June July August September October November December Required: Produced Energy Cost 35,100 $ 23,500 21,100 22,200 22,100 22,100 24,100 22,550 30,100 23,000 32,100 23,450 40,100 28,100 30,100 22,900 30,100 23,100 28,100 22,800 41,100 24,200 39,100 25,050 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y = a + bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 27,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2
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Required 1 Estimate Energy Cost Behavior with HighLow Method We can use the highlow method to estima... View the full answer
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-1259569562
11th edition
Authors: Ronald W. Hilton
Posted Date:
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