By using excel: Find the cost equation for electricity cost and estimate it for July if expected maintenance hours is 5500 hours. Why is there difference between your number and what included in May.
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- Burnham Industries incurs these costs for the month: What is the prime cost?Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance pad the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $35,000, $37,000, and $39,000, respectively.Assume a hotel rented 400, 480, and 420 rooms in the months of April, May, andJune, respectively; and the total housekeeping costs for the three months in question were $6,000, $6,800, and $6,200. With use of the high-low method, what is theamount of monthly fixed housekeeping costs?a. $1,000b. $1,500c. $2,000d. $2,500
- A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. Then, what is the value of total occupied room days?Brisbane Indoor Sports, a sporting complex, has opening hours that fluctuate from month to month. The electricity costs and hours of operation for past six months is listed below:MonthTotal hours of operationTotal electricity costJanuary650$ 4,240February700$ 4,400March800$ 4,800April600$ 4,200May550$ 3,700June500$ 3,600Required:a) Use the high-low method to estimate the cost behaviour for the complex’s electricity costs, assuming that the variable costs vary in proportion to the hours of operation. Express the total cost behaviour in formula form (Y = a + bx). What is the variable electricity cost per hour of operation? (5 marks)b) During July, the complex will open for 570 hours. Predict the complex’s total electricity costs for July using the cost estimation method employed in above requirement a). (3marks)c) What is the main drawback of the high-low method of cost estimation? (2 marks, maximum 150 words)Recent IT costs incurred each month at the head office of Dawn Ltd are detailed below. Apply the high/low method to establish how the cost behave and then select the correct prediction of cost for a month in which 770 client projects will be completed by the company month Number of clients project IT cost (£) 1 730 £116150 2 800 £123000 3 625 £112500 4 790 £120980 a. £94,200 b. £121,200 c. £122,000 d. £119,780
- otal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 600 units? Periods Total Cost No.of Units January 36,800 400 February 37,580 415 March 39,400 450 April 40,960 480 May 42,260 505 June 43,820 535 July 44,860 555 Select one: a. 48000 b. 53650 c. 51350 d. 47200Pablo Company wishes to determine the fixed portion of its maintenance expenses (a semi-variable expense), as measured against direct labor hours for the first three months of the year. Information for the first quarter is as follows (refer to the attached picture): What is the fixed portion of Pablo Company’s maintenance expense using high-low method? * direct hours labor maintenance costs January 25000 210000 February 30000 240000 march 27000 222000Nick Andrewson uses gas to heat his home. He has accumulated the following information regarding his monthly gas bill and monthly heating degree-days. The heating degree-days value for a month is found by first subtracting the average temperature for each day from 65 degrees and then summing these daily amounts together for the month. Month Heating Degree-Days Gas Bill February 850 $129 April 300 $ 52
- The cost data for Evencoat Paint for the year 2019 is as follows: Evencoat Paint data Month Gallons of Paint Produced Equipment Maintenance Expenses January 110,000 $70,700 February 68,000 66,800 March 71,000 67,000 April 77,000 68,100 May 95,000 69,200 June 101,000 70,300 July 125,000 70,400 August 95,000 68,900 September 95,000 69,500 October 89,000 68,600 November 128,000 72,800 December 122,000 71,450 Using the high-low method, express the company’s maintenance costs as an equation where x represents the gallons of paint produced. Y=$ + x What are the fixed costs? What are the variable costs per gallon of paint produced? Predict the maintenance costs if 90,000 gallons of paint are produced. Predict the maintenance costs if 81,000 gallons of paint are produced.The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 900 $ 5,450 February 1,800 $ 6,900 March 2,400 $ 8,100 April 600 $ 3,600 Using the high-low method, the estimated variable cost per machine hour for utilities is:Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 45,750 500 February 46,305 510 March 46,860 520 April 48,248 545 May 49,358 565 June 50,190 580 July 51,855 610 choose one a. Y=18000+55.5*X b. Y=21000+50*X c. Y=19000+52.5*X d. Y=22500+48.3*X