Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The controller of the South Charleston plant of Ravinia, Ine. mpnitored activities associated with materials handing costs, The high and low lenes of resource usage

image text in transcribed
image text in transcribed
The controller of the South Charleston plant of Ravinia, Ine. mpnitored activities associated with materials handing costs, The high and low lenes of resource usage occurred in September and March for three different resources sssociated with materials handling. The number of moves is the diver, The fotal costs of the three rasources and the activity autput, as massured by moves for the two different levels, are presented as follaws: Required: If required, round your answers to two decimal places; Enter a "o- if required. 1. Determine the cost behavior formula of each resource. Use the high-law method to assess the fixed and variable components. Fuel and oil for forklift: 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 0,000 moves. 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places Materials handing cost =$ x Using this formule, predict the total materials handing cost if activity output is 8,000 moves. =5

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

More Books

Students also viewed these Accounting questions

Question

Do you plan to interview employees when they resign?

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago