Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

c Calendar My MCBS Maintenance costs at a Tierce Corporation factory are listed below: Machine Hours Maintanence Cost Month 3,660 January February 3,613 3,607 $

image text in transcribed
image text in transcribed
c Calendar My MCBS Maintenance costs at a Tierce Corporation factory are listed below: Machine Hours Maintanence Cost Month 3,660 January February 3,613 3,607 $ 53,000 $ 52,580 $ 52,504 $ 52,585 $ 52,825 March April May 3,614 3,638 3,604 3,653 June $ 52,500 July $ August 3,634 $ 52,943 52,776 52,300 September 3,601 $ Management believes that maintenance cost is a mixed cost that depends on machine hours. Using the high-low method to estimate the variable and fixed components of maintenance cost. Calendar My MCBS Libra The cost information of Hampton Inc. for January 2020 is provided herewith. $ 60,000 Direct Materials Direct Labor Cost Manufactuimg Overhead $ 35,000 $ 65,000 $ 24,000 $ 42,000 Selling expense Administrative expense You are required to calculate L Prime Cost 2. Period Cost 3. Conversion Cost kground noise

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

Auditors Guide To IT Auditing

Authors: Richard E. Cascarino

2nd Edition

1118147618, 978-1118147610

More Books

Students also viewed these Accounting questions

Question

How do organisations go about benchmarking?

Answered: 1 week ago