Question

Waterway Industries’s high and low level of activity last year was 63000 units of product produced...

Waterway Industries’s high and low level of activity last year was 63000 units of product produced in May and 28000 units produced in November. Machine maintenance costs were $217600 in May and $105600 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 51000 units.

a. $194400

b. $179200

c. $175200

d. $201600

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Bramble Corp.’s high and low level of activity last year was 70000 units of product produced...
Bramble Corp.’s high and low level of activity last year was 70000 units of product produced in May and 21000 units produced in November. Machine maintenance costs were $222000 in May and $75000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 41000 units.
Gribble Company’s high and low level of activity last year was 60,000 units of product produced...
Gribble Company’s high and low level of activity last year was 60,000 units of product produced in May and 20,000 units produced in November. Machine maintenance costs were $104,000 in May and $40,000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units. a. $90,000 b. $96,000 c. $78,000 d. $80,000 how did we solve it and get D?
1.  Company’s high and low level of activity last year was 70000 units of product produced in...
1.  Company’s high and low level of activity last year was 70000 units of product produced in May and 24000 units produced in November. Machine maintenance costs were $167000 in May and $65800 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 54000 units. 2.In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 88000 $192000 February 54000   120000 March 80000   168000...
Starwood Company’s high and low level of activity last year was 80,000 units of product produced...
Starwood Company’s high and low level of activity last year was 80,000 units of product produced in June and 45,000 units produced in December. Machine maintenance costs were $375,500 in June and $261,750 in December. Using the high-low method, determine an estimate of fixed cost for a month.
1.Waterway Industries has two divisions—Standard and Premium. Each division has hundreds of different types of tennis...
1.Waterway Industries has two divisions—Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard division Premium division Total Sales $400000 $600000 $1000000 Variable costs 300000 380000 Contribution margin $100000 $220000 Total fixed costs $300000 What is the weighted-average contribution margin ratio? 2.Oriole Company’s high and low level of activity last year was 53000 units of product produced in May and 30000 units produced in November. Machine maintenance costs...
At the high level of activity in November, 9000 machine hours were run and power costs...
At the high level of activity in November, 9000 machine hours were run and power costs were $16000. In April, a month of low activity, 3000 machine hours were run and power costs amounted to $7000. Using the high-low method, the estimated fixed cost element of power costs is
From the table below, use high & low method to determine the total fixed and variable...
From the table below, use high & low method to determine the total fixed and variable cost per unit. level of activity total cost units of activity hightest 28000 15000 lowest 22000 10000 diff 6000 5000 From the table below, use the high-low method of cost estimation to determine the total cost at an activity level of 9,000 units. level of activity total cost units of activity highest 28000 10000 lowest 25000 8000 diff 3000 2000
In the Bonita, maintenance costs are a mixed cost. At the low level of activity (100...
In the Bonita, maintenance costs are a mixed cost. At the low level of activity (100 direct labor hours), maintenance costs are $1200. At the high level of activity (400 direct labor hours), maintenance costs are $2200. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost? Variable Cost Per Unit Total Fixed Cost $3.33          $1000 $3.33          $868 $5.50          $275 $5.50          $2600
Problem 5A-8 High-Low Method; Predicting Cost [LO5-10] Nova Company’s total overhead cost at various levels of...
Problem 5A-8 High-Low Method; Predicting Cost [LO5-10] Nova Company’s total overhead cost at various levels of activity are presented below: Month Machine- Hours Total Overhead Cost April 51,000 $ 181,360 May 41,000 $ 157,760 June 61,000 $ 204,960 July 71,000 $ 228,560 Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 41,000 machine-hour level of activity is: Utilities (variable) $ 53,300 Supervisory salaries (fixed) 48,000 Maintenance (mixed) 56,460...
High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data...
High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 100,000   $1,800,000 180,000   2,800,000 300,000   4,300,000 a. Determine the variable cost per unit and the fixed cost. Round variable cost per unit to the nearest cent. Variable cost per unit $__________ Fixed cost $__________ b. Based on part (a), estimate the total cost for 260,000 units of production. $___________
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT