Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that the product manager of ABC Ltd is concerned about the apparent fluctuations in efficiency and therefore work done by employees which are related

Assume that the product manager of ABC Ltd is concerned about the apparent fluctuations in efficiency and therefore work done by employees which are related to the volume. The result of this in most 12 weeks research carried out is as shown below;

Week Machine hours (cost driver) indirect labor costs

25. 68 Shs1,190

26. 88 1,211

27. 62 1,004

28. 72 917

29. 60 770

30. 96 1,456

31. 78 1,180

32. 46 710

33. 82 1,316

34. 94 1,032

35. 68 752

36. 48 963

Find the indirect labor costs associated with 90 machine hours and (b) the machine hours

that Shs1,000 of indirect labor cost would produce. Use the regression method. (20mks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting General Journal

Authors: Claudia Gilbertson

11th Edition

1337623121, 9781337623124

More Books

Students also viewed these Accounting questions

Question

What training is required for the position?

Answered: 1 week ago

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago