Question

The controller of Norton Industries has collected the following monthly expense data for use in analyzing...

The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.

Month

Total
Maintenance Costs

Total
Machine Hours

January $2,930 350
February 3,230 400
March 3,830 550
April 4,730 640
May 3,430 550
June 5,840 750

Determine the variable cost components using the high-low method. (Round variable cost to 3 decimal places e.g. 12.250.)

Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.)

Total fixed costs

$

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $6,455 5,950 February 7,360 6,800 March 10,140 10,200 April 13,111 13,430 May 8,650 8,500 June 13,340 13,600 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ Determine the fixed cost components using the high-low method. (Round...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing...
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,661 3,528 February 3,024 4,032 March 3,629 6,048 April 4,536 7,963 May 3,226 5,040 June 4,657 8,064 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media       Determine the fixed cost components...
The controller of Crane Industries has collected the following monthly expense data for use in analyzing...
The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,590 330 February 2,890 380 March 3,490 530 April 4,390 660 May 3,090 530 June 4,790 730 (a1) Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $enter the variable cost components using the high-low method rounded...
The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing...
The controller of Ivanhoe Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,630 340 February 2,930 390 March 3,530 540 April 4,430 650 May 3,130 540 June 5,230 740 1. Determine the variable cost components using the high-low method. (write out each step and why)
The controller of Concord Industries has collected the following monthly expense data for use in analyzing...
The controller of Concord Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,970 300 February 3,020 360 March 3,620 510 April 4,520 680 May 3,220 510 June 6,130 700 (a1) Determine the variable cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $
The controller of Carla Vista Industries has collected the following monthly expense data for use in...
The controller of Carla Vista Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,661 3,528 February 3,024 4,032 March 3,629 6,048 April 4,536 7,963 May 3,226 5,040 June 4,931 8,068 Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
The controller of Ivanhoe Production has collected the following monthly expense data for analyzing the cost...
The controller of Ivanhoe Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine Hours January $2,300 270 February 2,920 390 March 3,500 500 April 4,780 690 May 3,230 450 June 4,920 790 July 4,010 625 August 3,870 530 September 5,050 665 October 4,260 625 November 3,220 390 December 6,080 810 Determine the fixed- and variable-cost components using the high-low method. Fixed-costs $ Variable-costs $ Link to Text Link...
Rosbell Industries accountant collected the following monthly expenses data for use in analyzing the cost behaviors...
Rosbell Industries accountant collected the following monthly expenses data for use in analyzing the cost behaviors of the maintenance cost of the new machine. Month Total   MaintenanceCosts Total     MachineHours January $1,584 2,100 February $1,800 2,400 March $2,160 3,600 April $2,772 4,800 May $1,920 3,000 June $2,700 4,740 Determine the fixed and variable cost components using the high-low method.   Determine the expected Maintenance Cost for the month of July if the company expect to use the machine for 4,900 hours.
Cullumber Corp. has collected the following data concerning its maintenance costs for the past 6 months....
Cullumber Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 20,190 $44,085 August 35,904 53,856 September 40,392 61,710 October 24,684 47,358 November 44,880 83,589 December 42,636 69,564 (a1) Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit    (a2) Compute the fixed cost elements using the high-low method. Fixed costs
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the...
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 4,950 $425,040 1,650 273,240 3,230 321,210 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the total cost...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT