Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

s webpage is using significant memory. Closing it may improve the responsiveness of you hapter 6 assignments The following selected data were taken from the

image text in transcribed
s webpage is using significant memory. Closing it may improve the responsiveness of you hapter 6 assignments The following selected data were taken from the accounting records of Metcalf direct-labor hours as its cost driver for overhead costs Manufacturing. The company uses 2.85 points irect- Manufacturing Overhead Month Hours January 32,000 February34,000 March 44,000 April 35,000 May June 37,000 $696,000 735,000 894,000 753,000 798,000 795,000 eBook 39,000 Print March's costs consisted of machline supplies ($228.800), depreciation ($30,000), and plant maintenance ($635,200) These costs exhibit the following respective behavior: variable, fixed, and semivariable. Reference manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step-fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $75,000. T cost is $150.000 from 15,000-29,999 hours and $225,000 when activity reaches 30,000 hours or more. 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 the variable cost per direct-labor hour. 3. Assume that present cost behavior patterns continue into the latter half of the year Estimate the total amount of manufacturing overhead the company can expect in November if 29,400 direct-labor hours are worked Complete this question by entering your answers in the tabs below Required Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. (Round your "Variable cost per hour answer to 2 decimal places.) Show lessA Variable cost hour Fixed cost per month Required 1 Required3 >

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_2

Step: 3

blur-text-image_3

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

EDI Security Control And Audit

Authors: Albert J. Marcella Jr, Sally Chan, John Merriam

1st Edition

0890066108, 978-0890066102

More Books

Students also viewed these Accounting questions