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How do I calculate the attached 7 Accounting questions? Question 1 The following selected data were taken from the accounting records of Metcalf Manufacturing. The
How do I calculate the attached 7 Accounting questions?
Question 1 The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses d DirectLabor Month Hours Janua ### ry Febru ary March April May June Manufacturing Overhead $ 684,000 ### 723,000 ### ### ### ### 882,000 750,000 780,000 777,000 March's costs consisted of machine supplies ($128,000), depreciation ($24,000), and plant maintenance ($730,000) The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cos Required: 1. Determine the machine supplies cost and depreciation for January. 2. Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and 3. Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of m Determine the machine supplies cost and depreciation for January. Machine supplies cost Depreciation Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion an Variable cost per hour Fixed cost per hour Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount o Manufacturing overhead cost cturing. The company uses direct-labor hours as its cost driver for overhead costs. lant maintenance ($730,000). These costs exhibit the following respective behavior: variable, fixed, and semivariable. etcalf's supervisory labor cost, which is step-fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amo he monthly fixed portion and the variable cost per direct-labor hour. Estimate the total amount of manufacturing overhead the company can expect in November if 28,200 direct-labor hours are wor the monthly fixed portion and the variable cost per direct-labor hour. (Round your "Variable cost per hour" answer to 2 dec Estimate the total amount of manufacturing overhead the company can expect in November if 28,200 direct-labor hours a and semivariable. ours, supervisory labor amounts to $69,000. The cost is $138,000 from 15,000-29,999 hours and $207,000 when activity reach 0 direct-labor hours are worked. per hour" answer to 2 decimal places.) 8,200 direct-labor hours are worked. 07,000 when activity reaches 30,000 hours or more. Question 2 Nation's Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The fir Month Janua ry Hours of Maintenance Service 560 Febru ary March April May June July Augus t Maintenance Costs $ 4,934 490 4,190 290 470 320 440 320 2,720 4,250 2,990 4,170 3,080 420 3,510 Septe mber 460 4,020 Octob er 370 3,250 Novem ber 360 3,180 Decem ber 330 3,110 Total 4,830 $ 43,404 Avera ge 403 * $ 3,617 * *Rounded Required: Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurre Monthly maintenance costs= + X gton, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year intenance costs incurred by Nation's Capital Fitness, Inc. Express the cost behavior pattern in equation form. (Round coeff lan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The acc ion form. (Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount.) be determined. The accounting staff has suggested the use of an equation, in the form of Y = a + bX, for maintenance costs ollar amount.) , for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Question 3 Nation's Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The fir Month Janua ry Hours of Maintenance Service 560 Febru ary March April May June July Augus t Maintenance Costs $ 4,934 490 4,190 290 470 320 440 320 2,720 4,250 2,990 4,170 3,080 420 3,510 Septe mber 460 4,020 Octob er 370 3,250 Novem ber 360 3,180 Decem ber 330 3,110 Total 4,830 $ 43,404 Avera ge 403 * $ 3,617 * *Rounded Using your answer to requirement (1), what is the variable component of the maintenance cost? (Rou Variable maintance cost Per hour gton, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year maintenance cost? (Round your answer to two decimal places.) lan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The acc be determined. The accounting staff has suggested the use of an equation, in the form of Y = a + bX, for maintenance costs , for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Question 4 Nation's Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The fir Hours of Maintenance Service Month Janua ry 560 Febru ary March April May June July Augus t Maintenance Costs $ 4,934 490 4,190 290 470 320 440 320 2,720 4,250 2,990 4,170 3,080 420 3,510 Septe mber 460 4,020 Octob er 370 3,250 Novem ber 360 3,180 Decem ber 330 3,110 Total 4,830 $ 43,404 Avera ge 403 * $ 3,617 *Rounded Compute the predicted maintenance cost at 600 hours of activity. Maintance cost * ashington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming rofit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The must be determined. The accounting staff has suggested the use of an equation, in the form of Y = a + bX, for maintenance + bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Question 5 Nation's Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The fir Hours of Maintenance Service Month January Februar y March April May June July 560 Maintenance Costs $ 4,934 490 4,190 290 470 320 440 320 2,720 4,250 2,990 4,170 3,080 August 420 3,510 Septemb er 460 4,020 October 370 3,250 Novembe r 360 3,180 Decembe r 330 3,110 4,830 $ 43,404 Total Average 403 * $ 3,617 * *Rounded Compute the variable cost per hour and the fixed cost per hour at 610 hours of activity. (Round your answers Variable cost per hour Fixed cost per hour hington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming ye ity. (Round your answers to 2 decimal places.) t plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The a st be determined. The accounting staff has suggested the use of an equation, in the form of Y = a + bX, for maintenance cos bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Question 6 WMEJ is an independent television station run by a major state university. The station's broadcast hours vary du Cost Item Produ ction crew J u l p y t e m b Super visor y emplo yees J u l p y t e m b Cost Cost Broadcast Hours Behavior Amount during Month Variable $ 5,125 410 8,250 660 5,400 410 5,400 660 Fixed Required: 1. Compute the cost per broadcast hour during July and September for each of these cost items. 2. What will be the total amount incurred for each of these costs during December, when the station's activity will 3. What will be the cost per broadcast hour in December for each of the cost items? Compute the cost per broadcast hour during July and September for each of these cost items. (Round your an Cost Item Production crew Supervisory employees July September per hour per hour per hour per hour What will be the total amount incurred for each of these costs during December, when the station's activity w Total Cost Production crew Supervisory employees What will be the cost per broadcast hour in December for each of the cost items? (Round your answers to 2 d Cost Item Production crew Supervisory employees Cost per broadcast hour in Dec. per hour per hour broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and s the station's activity will be 440 broadcast hours? st items. (Round your answers to 2 decimal places.) n the station's activity will be 440 broadcast hours? und your answers to 2 decimal places.) s production-crew and supervisory costs are as follows for July and September. Question 7 Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Br Miles Traveled by Tour Buses Month Novem 15,000 ber Cost 18,600 real Decem 17,400 ber 18,900 Janua 19,800 ry 19,050 Febru 24,000 ary March 31,500 April 13,500 19,500 20,880 18,000 Required: 1. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. 2. Develop a formula to express the cost behavior exhibited by the company's maintenance cost. 3. Predict the level of maintenance cost that would be incurred during a month when 44,000 tour miles are driven Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. ( Variable cost per tour mile Fixed cost per month real real Develop a formula to express the cost behavior exhibited by the company's maintenance cost. (Round "Varia Maintenance cost per month= real + real X Predict the level of maintenance cost that would be incurred during a month when 44,000 tour miles are driv Maintenance cost real ourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in va he fixed cost per month. enance cost. n 44,000 tour miles are driven. the fixed cost per month. (Round "Variable cost per tour mile" to 3 decimal places.) tenance cost. (Round "Variable cost per tour mile" to 3 decimal places.) n 44,000 tour miles are driven. eal was equivalent in value to .269 U.S. dollar.)Step by Step Solution
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