FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Type or paste question here Wofril Corporation considers equipment maintenance to be a mixed cost. The variable component is $.60 per machine hour, computed using

Type or paste question here

Wofril Corporation considers equipment maintenance to be a mixed cost. The variable component is $.60 per machine hour, computed using the high and low months' data shown below

Machine Hours Total Maintenance Cost
January 270 $1,162
June 160 $1,096

What is the fixed cost component of the Total Maintenance Cost?

a. 1000

b. 1129

c. 465

d. 438

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Developmental psychopathologists believe that development is shaped by multiple factors (e.g., biological, psychological, social), it is probabilistic rather than predetermined, and it is...

Answered: 1 week ago

Question

★★★★★
High Point produces fleece jackets. The company uses JIT costing for its JIT production system. High Point has two inventory accounts: Raw and In-Process Inventory and Finished Goods Inventory. On...

Answered: 1 week ago

Question

★★★★★
The management of Heider Corporation is considering dropping product H58S. Data from the company s accounting system appear below in the company's accounting system all fixed expenses of the company...

Answered: 1 week ago

Question

★★★★★
This week's discussion is to pitch an idea specific to the implementation of mind/body exercises or practices within an employee wellness program to reduce stress. Before completing this discussion,...

Answered: 1 week ago

Question

★★★★★
Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending...

Answered: 1 week ago

Question

★★★★★
Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 600 units-200 from each of the last...

Answered: 1 week ago

Question

★★★★★
Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash $10,400 Supplies 31,000 Prepaid Rent 22,000...

Answered: 1 week ago

Question

★★★★★
Assume that you are in the 15 percent marginal tax bracket and that you have $10,000 to invest. You have narrowed your investment choices down to California municipal bonds with a yield of 8.5...

Answered: 1 week ago

Question

★★★★★
1. Discount Banners pays $180,000 cash for a group purchase of land, building, and equipment. At the time of acquisition, the land has a market value of $28,500, the building $123,500, and the...

Answered: 1 week ago

Previous Question Next Question