Question
In: Accounting
The cafeteria at X Company has the following cost and activity information for the first five...
The cafeteria at X Company has the following cost and activity
information for the first five months of 2019:
| Month | Cost | Meals |
| January | $29,199 | 7,500 |
| February | 31,939 | 8,204 |
| March | 30,969 | 7,955 |
| April | 33,449 | 9,200 |
| May | 31,159 | 8,003 |
Using the high-low method with this data, estimate the total
cafeteria cost in December, when 11,000 meals are expected to be
served [round variable costs per unit to two decimal places].
Solutions
ekkarill92 answered 2 years agoRelated Solutions
The cafeteria at X Company has the following cost and activity information for the first five...
The cafeteria at X Company has the following cost and activity
information for the first five months of 2019: Month Cost Meals
January $29,379 7,200 February 31,157 7,636 March 31,787 7,790
April 34,059 9,000 May 31,057 7,611 Using the high-low method with
this data, estimate the total cafeteria cost in December, when
9,600 meals are expected to be served [round variable costs per
unit to two decimal places].
The cafeteria at X Company incurred the following costs in September: Cost Item Cost Supervisor salary...
The cafeteria at X Company incurred the following costs in
September: Cost Item Cost Supervisor salary $5,920 Hourly workers
wages 32,088 Food 11,074 Equipment 6,810 Supplies 3,118 Total
$59,010 The hourly workers wages, food costs, and supplies costs
were variable; the supervisor salary and equipment costs were
fixed. The cafeteria served 13,000 meals during September. In
October, the cafeteria is expected to serve 12,350 meals. Using
account analysis with this data, estimate the total cafeteria cost
in October [round variable...
On January 1, X Company, purchased a machine for its employee cafeteria. The cost was $220,000...
On January 1, X Company, purchased a machine for its employee
cafeteria. The cost was $220,000 and it had a five- year estimated
useful life and a $20,000 residual value. X Company uses the
double-declining balance depreciation method. At the end of year
three, X Company sold the machine for $50,000 because employee
productivity had declined significantly.
(a) Prepare a depreciation table for the machine’s five-year
life.
(b) What is the impact on X Company's financial statements from
selling the...
The following budgeted information is available for Zeta Company: Activity Budgeted Cost Activity Driver Consumption of...
The following budgeted information is available
for Zeta Company:
Activity
Budgeted Cost
Activity Driver
Consumption of Drivers for Zeta’s Product
Lines
Total Activity Driver
Product A
Product B
Processing &
Testing
Developing test programs
$400,000
Engineering hours
10,000
2,500
7,500
Making probe cards
58,750
Development hours
4,000
400
3,600
Testing products
300,000
Test hours
20,000
2,000
18,000
Setups
40,000
Number of batches
100
55
45
Engineering design
80,000
Number of change orders
60
9
51
Handling lots
90,000
Number of...
The following is information related to X Company, a company that uses a standard cost system:...
The following is information related to X Company, a company
that uses a standard cost system:
Standard cost card for 1 unit of Product A:
Direct materials – Raw Material A (1 kilogram @ $
20/kg.)
$ 20
Direct materials – Raw Material B (1 kilogram @$
10/kg.) $ 10
Direct labour (1 hour @
$15/hr.)
$ 15
Variable overhead (1 hour @
$
5/hr.)
$ 5
Fixed overhead (1 hour @ $
10/hr.)
$ 10
Total budgeted fixed...
The following is information related to X Company, a company that uses a standard cost system:...
The following is information related to X Company, a company
that uses a standard cost system:
Standard cost card for 1 unit of Product A:
Direct materials – Raw Material A (1 kilogram @ $
20/kg.)
$ 20
Direct materials – Raw Material B (1 kilogram @$
10/kg.) $ 10
Direct labour (1 hour @
$15/hr.)
$ 15
Variable overhead (1 hour @
$
5/hr.)
$ 5
Fixed overhead (1 hour @ $
10/hr.)
$ 10
Total budgeted fixed...
The following is total monthly budgeted cost and activity information for the four activity centers in...
The following is total monthly budgeted cost and activity
information for the four activity centers in the billing department
of Oregon Power Company:
Activity Center
Variable
Fixed
Cost Driver
Statement inquiry
$77,385
$150,000
3,300 labor hours
Correspondence
$9,585
$26,000
2,700 letters
Account billing
$171,500
$79,000
2,450,000 lines
Payment verification
$12,980
$78,000
22,000 accounts
In September, actual total costs and activity were as follows:
Activity Center
Total Costs
Driver Amount
Statement inquiry
$225,403
3,220 labor hours
Correspondence
$35,231
2,650 letters
Account...
The following is total monthly budgeted cost and activity information for the four activity centers in...
The following is total monthly budgeted cost and activity
information for the four activity centers in the billing department
of Oregon Power Company:
Activity Center
Variable
Fixed
Cost Driver
Statement inquiry
$79,200
$156,000
3,200 labor hours
Correspondence
$9,639
$22,000
2,700 letters
Account billing
$144,000
$77,000
2,400,000 lines
Payment verification
$12,095
$80,000
20,500 accounts
In September, actual total costs and activity were as follows:
Activity Center
Total Costs
Driver Amount
Statement inquiry
$234,023
3,140 labor hours
Correspondence
$31,154
2,550 letters
Account...
The following is total monthly budgeted cost and activity information for the four activity centers in...
The following is total monthly budgeted cost and activity
information for the four activity centers in the billing department
of Oregon Power Company:
Activity Center
Variable
Fixed
Cost Driver
Statement inquiry
$73,888
$166,000
3,200 labor hours
Correspondence
$9,604
$27,000
2,800 letters
Account billing
$130,000
$70,000
2,600,000 lines
Payment verification
$11,825
$77,000
21,500 accounts
In September, actual total costs and activity were as follows:
Activity Center
Total Costs
Driver Amount
Statement inquiry
$241,803
3,240 labor hours
Correspondence
$36,377
2,660 letters
Account...
The following is total monthly budgeted cost and activity information for the four activity centers in...
The following is total monthly budgeted cost and activity
information for the four activity centers in the billing department
of Oregon Power Company:
Activity Center
Variable
Fixed
Cost Driver
Account inquiry
$76,416
$150,000
3,200 labor hours
Correspondence
$10,063
$24,000
2,900 letters
Account billing
$182,000
$82,000
2,600,000 lines
Bill verification
$10,750
$79,000
21,500 accounts
In September, actual costs and activity were as follows:
Activity Center
Total Costs
Driver Amount
Account inquiry
$224,331
3,080 labor hours
Correspondence
$34,101
2,990 letters
Account billing...
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