Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X Company uses the high-low method to predict maintenance costs each month, with machine hours as the activity measure. The following past monthly cost

X Company uses the high-low method to predict maintenance costs each month, with machine hours as the activity measure. The following past monthly cost and activity information is available: Month Cost Machine Hours $5,478 1,300 May June $8,500 3,250 July $11,290 5,050 August $8,810 3,450 If maintenance hours in October are expected to be 1,500, what are total fixed maintenance costs expected to be (round unit costs to the nearest cen 57875 Sub ncorrect. Tries 1/3 Previous Tries 

X Company uses the high-low method to predict maintenance costs each month, with machine hours as the activity measure. The following past monthly cost and activity information is available: Cost Machine Hours Month May $5,478 1,300 M June $8,500 3,250 $11,290 5,050 July August $8,810 3,450 If maintenance hours in October are expected to be 1,500, what are total fixed maintenance costs expected to be (round unit costs to the nearest cent)? 5787.5 Submit Answer Incorrect. Tries 1/3 Previous Tries X Company uses account analysis to estimate total overhead costs for each month. In May, when production was 1,100 units, the plant manager classified each overhead cost item as fixed and variable as follows: Total Cost $25,200 Cost Behavior 100% variable Cost Item Utilities Supplies Maintenance 17,100 30% fixed 18,700 0% variable If September production is expected to be 1,300 units, what will variable costs per unit be? 5787.5 Submit Answer Incorrect. Tries 1/3 Previous Tries

Step by Step Solution

3.32 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Ans 1 High low method yabx b variable cost a fixed cost Cost at high... 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

Management and Cost Accounting

Authors: Colin Drury

10th edition

1473748873, 9781473748910 , 1473748917, 978-1473748873

More Books

Students also viewed these Accounting questions

Question

understand the restrictions of top-down job redesign approaches;

Answered: 1 week ago

Question

What is the feasible production area?

Answered: 1 week ago