Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WILL GIVE THUMBS UP! NEED SOON PLEASE :) Aqua Fresh produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per-month

image text in transcribedWILL GIVE THUMBS UP! NEED SOON PLEASE :)

Aqua Fresh produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per-month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,590 hours, and the expense associated was $94,780. The high for the period was 6,800 hours, and the associated expense was $120,072. During the low month, the $94,780 in overhead costs consisted of indirect materials of $45,900 (a variable expense), rent of $35,250 (a fixed expense), and maintenance costs of $13,630 (a mixed expense). Requirements Requirement 1a. Given the breakdown of expenses in the low period, what are the estimated costs for indirect materials during the high period? (Round to the nearest whole dollar.) The estimated costs for indirect materials are $ L. Requirements 1. Given the breakdown of expenses in the low period, what are the estimated costs for (a) indirect materials, (b) rent, and (C) maintenance during the high period? 2. What is the cost function for maintenance costs? 3. What amount of maintenance costs would be expected with 8,500 machine hours of work? 4. What would be the total overhead costs at 8,500 machine hours? Print Done

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

The Social Function Of AccountsReforming Accountancy To Serve Mankind

Authors: John Flower

1st Edition

1138645249, 9781138645240

More Books

Students also viewed these Accounting questions

Question

What is multiple period capital rationing.

Answered: 1 week ago