help DoKnow Co. like to estimate the variable and fixed cost components of itsmaintenance cost and has compiled the following data for the last 6 months ofoperation:JanuaryFebruaryMarchAprilMayJuneLabor hours Maintenance costP6,1705,5305,2305,9606,2305,320190130110180190110Answer the following. Show solutions. All answers in two decimal places. 7. If the company will use 230 hours labor hours in July, what would be the totalpredicted cost of maintenance?8. How much is the total variable cost of maintenance if least square method is usedassuming 150 labor hours is consumed in July?9. What is the predicted cost of Maintenance for the nonth of July assuming 150labor hours are consumed if least square method is used.

Name: help DoKnow Co. like to estimate the variable and fixed cost component
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Description: help DoKnow Co. like to estimate the variable and fixed cost components of itsmaintenance cost and has compiled the following data for the last 6 months ofoperation:JanuaryFebruaryMarchAprilMayJuneLabor hours Maintenance costP6,1705,5305,2305,9606,23

Solution Predicted cost maintenance is the technique that is used to monitor the performance of…

Business

Accounting

DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May June Labor hours Maintenance cost P6,170 5,530 5,230 5,960 190 130 110 180 190 110 6,230 5,320 Answer the following. Show solutions. All answers in two decimal places.

DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has compiled the following data for the last 6 months of operation: January February March April May June Labor hours Maintenance cost P6,170 5,530 5,230 5,960 190 130 110 180 190 110 6,230 5,320 Answer the following. Show solutions. All answers in two decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...

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