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Hi, please help with the very bottom two blank answers!! It is very important that I answer them correctly!! Thanks! (All other bold answers are
Hi, please help with the very bottom two blank answers!! It is very important that I answer them correctly!! Thanks! (All other bold answers are correct)
Introduction:
McCourt Company had the following 10 months of data on materials handling cost and number of moves within its manufacturing plant:
Month | Materials Handling Cost | Number of Moves |
---|---|---|
January | $5,600 | 475 |
February | 3,090 | 125 |
March | 2,780 | 175 |
April | 8,000 | 600 |
May | 1,990 | 200 |
June | 5,300 | 300 |
July | 4,300 | 250 |
August | 6,300 | 400 |
September | 2,000 | 100 |
October | 6,240 | 425 |
Required:
1. | Based on the above data, determine the high point and the low point for McCourt Company (provide the month, total cost and activity level (number of moves in your response)): | ||||||||||||||||||
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2. | Calculate McCourt Company's variable rate for materials handling based on the number of moves (round to the nearest cent): | ||||||||||||||||||
Variable rate = $12 per move | |||||||||||||||||||
3. | Calculate McCourt Company's fixed monthly cost of materials handling (round to the nearest dollar): | ||||||||||||||||||
Fixed cost = $800 per month | |||||||||||||||||||
4. | Based on the variable rate and fixed monthly cost in Requirements 2 and 3, provide the following estimated materials handling costs for the coming year if the number of moves expected is 4,000 (round to the nearest dollar): | ||||||||||||||||||
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