Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER ALL WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on
PLEASE ANSWER ALL
WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. 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 be 420 broadcast hours? 3. What will be the cost per broadcast hour in December for each of the cost items? Complete this question by entering your answers in the tabs below. Compute the cost per broadcast hour during July and September for each of these cost items. (Round your answers to 2 decimal places.) Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low method in estimating the company's energy cost behavior. The following costs were incurred during the past 12 months: Required: 1. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y=a+ bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. 2. Predict the energy cost for a month in which 90,000 pints of applesauce are produced. Complete this question by entering your answers in the tabs below. Use the high-low method to estimate the company's energy cost behavior and express it in equation form. Use the formula Y =a+bX, where Y denotes energy cost for a month and X denotes pints of applesauce produced. (Round coefficient of X to 2 decimal places.) Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the rea/ was equivalent in value to 0.2545 U.S. dollar.) 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 31,000 tour miles are driven. Complete this question by entering your answers in the tabs below. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. (Round "Variable cost per tour mile" to 3 decimal places.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started