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In: Accounting
Inspection costs at one of Iuliano Corporation's factories are listed below: Units Produced Inspection Cost February...
Inspection costs at one of Iuliano Corporation's factories are listed below: Units Produced Inspection Cost February 917 $16,207 March 955 $16,616 April 924 $16,251 May 907 $16,107 June 902 $16,296 July 899 $16,183 August 922 $16,343 September 865 $15,762 October 903 $16,132 Management believes that inspection cost is a mixed cost that depends on units produced. Using the high-low method, the estimate of the variable component of inspection cost per unit produced is closest to: $10.73 $0.27 $18.05 $9.49
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ekkarill92 answered 1 year agoRelated Solutions
Copy of Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection...
Copy of
Inspection costs at one of Ratulowski Corporation's factories
are listed below:
Units Produced
Inspection Costs
April
906
$
16,312
May
951
$
16,700
June
912
$
16,365
July
896
$
16,210
August
918
$
16,394
September
903
$
16,280
October
920
$
16,432
November
860
$
15,850
December
899
$
16,238
Management believes that inspection cost is a mixed cost that
depends on units produced.
Calculate the following using the high-low method:
Variable Cost per unit produced (round...
QUESTION 1 Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection...
QUESTION 1
Inspection costs at one of Ratulowski Corporation's factories
are listed below:
Units Produced
Inspection Costs
April
906
$
16,312
May
951
$
16,700
June
912
$
16,365
July
896
$
16,210
August
918
$
16,394
September
903
$
16,280
October
920
$
16,432
November
860
$
15,850
December
899
$
16,238
Management believes that inspection cost is a mixed cost that
depends on units produced.
Calculate the following using the high-low method:
Variable Cost per unit produced (round...
Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 415 $ 6,100 February...
Lacourse Inc.'s inspection costs are listed below:
Units Produced
Inspection Costs
January
415
$
6,100
February
365
$
5,624
March
434
$
6,315
April
449
$
6,453
May
391
$
5,874
June
366
$
5,627
July
441
$
6,380
August
392
$
5,887
Management believes that inspection cost is a mixed cost that
depends on units produced.
Using the least-squares regression method, the estimate of the
fixed component of inspection cost per month is closest to:
Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 428 $ 6,126 February...
Lacourse Inc.'s inspection costs are listed below:
Units Produced
Inspection Costs
January
428
$
6,126
February
378
$
5,637
March
447
$
6,341
April
462
$
6,479
May
404
$
5,887
June
379
$
5,640
July
454
$
6,406
August
405
$
5,900
Management believes that inspection cost is a mixed cost that
depends on units produced.
Using the least-squares regression method, the estimate of the
fixed component of inspection cost per month is closest to:
Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 433 $ 6,136 February...
Lacourse Inc.'s inspection costs are listed below: Units
Produced Inspection Costs
January 433 $ 6,136
February 383 $ 5,642
March 452 $ 6,351
April 467 $ 6,489
May 409 $ 5,892
June 384 $ 5,645
July 459 $ 6,416
August 410 $ 5,905
Management believes that inspection cost is a mixed cost that
depends on units produced. Using the least-squares regression
method, the estimate of the fixed component of inspection cost per
month is closest to:
Lacourse Inc.'s inspection costs are listed below: Units Produced Inspection Costs January 433 $ 6,136 February...
Lacourse Inc.'s inspection costs are listed below:
Units Produced
Inspection Costs
January
433
$
6,136
February
383
$
5,642
March
452
$
6,351
April
467
$
6,489
May
409
$
5,892
June
384
$
5,645
July
459
$
6,416
August
410
$
5,905
Management believes that inspection cost is a mixed cost that
depends on units produced.
Using the least-squares regression method, the estimate of the
fixed component of inspection cost per month is closest to:
Below is a listing of inspection costs at one of Lockheed Martin's production facilities: Units Produced...
Below is a listing of inspection costs at one of Lockheed
Martin's production facilities:
Units Produced
Inspection Costs
April
922
$
17,912
May
983
$
18,300
June
928
$
17,965
July
912
$
17,810
August
934
$
17,994
September
919
$
17,880
October
936
$
18,032
November
876
$
17,290
December
915
$
17,838
The controller of Lockheed Martin has determined that inspection
costs are a mixed cost that depend on units of production.
Estimate the fixed cost per month...
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,666...
Supply costs at Coulthard Corporation's chain of gyms are listed
below: Client-Visits Supply Cost March 11,666 $ 28,349 April 11,462
$ 28,296 May 11,994 $ 28,434 June 13,900 $ 28,930 July 11,726 $
28,365 August 11,212 $ 28,231 September 12,006 $ 28,438 October
11,697 $ 28,357 November 11,845 $ 28,396 Management believes that
supply cost is a mixed cost that depends on client-visits. Use the
high-low method to estimate the variable and fixed components of
this cost. Compute the variable...
Data for Oriole Corporation’s maintenance costs is shown below. Units Produced Total Cost July 18,500 $39,263...
Data for Oriole Corporation’s maintenance costs is shown
below.
Units Produced
Total Cost
July
18,500
$39,263
August
32,896
49,344
September
37,008
56,540
October
22,616
40,156
November
41,120
76,586
December
39,064
63,736
Compute the variable- and fixed-cost elements using the regression
analysis. Present your solution in the form of a cost equation. (We
recommend that you use the Intercept and Slope functions in Excel.)
(Round intercept to 2 decimal places e.g. 1.25 and
slope to 5 decimal places e.g. 1.25125.)
Intercept...
What is variable cost? Identify two variable costs. When units produced exceed units sold for a...
What is variable cost? Identify two variable costs.
When units produced exceed units sold for a reporting period,
would income under variable costing be greater than,equal to, or
less than income under absorption costing? Explain.
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