Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Pronghorn Groomers is in the dog-grooming business. Its operating costs are described by the following equations: Grooming supplies (variable y =

image text in transcribed
image text in transcribed
Current Attempt in Progress Pronghorn Groomers is in the dog-grooming business. Its operating costs are described by the following equations: Grooming supplies (variable y = $0+ $4x Direct labor (variable) $0 $13x Overhead (mixed) y . $9,600+ $1x y Milo, the owner, has determined that direct labor is the cost driver for all three categories of costs. (a) ) Your answer is partially correct. Prepare a flexible budget for activity levels of 550.600 and 680 direct labor hours. (List variable costs before fixed costs.) PRONGHORN GROOMERS Flexible Budget Activity Level Direct Labor Hours Variable Costs Grooming Supplies Direct Labor Overhead Total Variable costs Foed Costs Overhead 9600 9500 Total Fixed Costs Total Costs Calculate the total cost per direct labor hour at each of the activity levels specified in part (a). (Round answers to 2 decimal places, e.g. 10.25.) Activity level 1 Activity level 2 Activity level 3 LINK TO TEXT The groomers at Rensing normally work a total of 642 direct labor hours during each month. Each grooming job normally takes a groomer 1.30 hours. Milo wants to earn a profit equal to 35% of the costs incurred. Determine what he should charge each pet owner for grooming. (Round answer to 2 decimal places, e.g. 10.25.) Charge per client Click If you would like to show Work for this question: Open Show Werk LINK TO TEXT

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

Survey of Accounting

Authors: Edmonds, old, Mcnair, Tsay

2nd edition

9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555

More Books

Students also viewed these Accounting questions