Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent.   Cost Machine Hours March $3,093       14,645       April 2,668       10,463       May 2,846       11,922       June 3,779       18,072       a.$0.15 b.$0.98 c.$1.61 d.$1.02

Q: Island Enterprises has presented the following Information for the past eight months operation Dnits…

A:

Q: The manufacturing costs of Ackerman Industries for the first three months of the year follow:…

A: a. Compute variable cost per unit using high-low method as shown below:     Therefore, variable…

Q: 11) Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has detemined that…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The electricity costs and machine hours for a period of 6 months are as follows…

A:

Q: DoKnow Co. like to estimate the variable and fixed cost components of its maintenance cost and has…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to…

A: High low method The fixed and variable elements of a mixed cost can be separated using the high-low…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Unit Cost  Highest Point  June 17,550   3,767    Lowest Point  April 10,257   2,674…

Q: Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a…

A: Fixed cost remains the same for a particular period and does not vary based on hours or units. While…

Q: The manufacturing cost of Mocha Industries for three months of the year are provided below:   Total…

A: Variable Cost: The cost which is not fixed is called as variable cost. This cost is directly…

Q: For each total fixed cost listed below determine the fixed cost per unit when sales are 35, 70, and…

A: Fixed cost in total is constant but fixed cost per unit will decrease when production volume…

Q: Given the folloviing cost and activity observations for Smithson Company's utilities, use the…

A: j

Q: The manager of a local lodge uses the high-low technique to separate fixed and variable maintenance…

A: Variable cost means the cost which vary with the level of output where as fixed cost remains fixed…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Variable costs: These are the costs that vary with the number of units produced. The more the units…

Q: Data concerning NikNik Corporation's activity for the 6 months appear below: Machine Electrical Cost…

A: High low method is a method of cost estimation under which variable costs and fixed costs are being…

Q: 8.Given the following cost and activity observations for Bounty Company's utilities, use the…

A: Fixed costs: These are costs which are incurred irrespective of the production or sale activities.…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: High Low method is used to determine variable and fixed portion of the total cost at different level…

Q: The manufacturing cost of Carrie Industries for the first three months of the year are provided…

A: Under high low method of cost estimation, variable cost per unit and fixed costs are calculated by…

Q: Given the following cost and activity observations for Smithson Company's utilities, use the…

A: Formula to calculate fixed cost under high-low method High cost - Low cost / High hours - Low hours

Q: igh-Low method - Calculation of variable cost per maintenance hour

A:

Q: electricity cost

A: High-low method refers to the method which is used for splitting the semi-fixed or variable cost…

Q: CLASS ACTIVITY:CASE PROBLEM The Overland Company wants to develop a cost estimating equation for its…

A: The high low method is used to separate the fixed and variable costs from the mixed costs of the…

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost…

A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…

Q: The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The…

A: Cost accounting is useful since it can show where a company spends money, how much it generates, and…

Q: Hapza cleaning services has opening hours that fluctuate from month to month. The electricity costs…

A: A high low method of cost estimation is used to calculate the variable cost and fixed cost of the…

Q: The controller of Sunland Production has collected the following monthly expense data for analyzing…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: The manufacturing cost of Mocha Industries for three months of the year are provided below: Total…

A: High- Low method splits the Fixed costs and Variable costs

Q: Noriel Company has collected the following information over the last six months: Month Units…

A: high-low method is a way of attempting to separate out fixed and variable costs from mixed costs…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Variable cost: These are those cost which changes with the changing level of activity i.e. higher…

Q: Java Joe coffees wants to find an equation to estimate monthly utility costs. Java Joe's has been in…

A: The total cost of any production may includes different costs which may be variable, fixed or mixed…

Q: Deidoro Company has provided the following data for maintenance cost: Machine hours Maintenance cost…

A: Cost accounting is one of the important field of accounting. There are mainly two type of costs…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Under the High-low method, a difference of overhead at highest activity and overhead at lowest…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Formulas: Cost per machine hour = Difference in cost / Difference in machine hours

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Variable utilities cost per machine =Difference in costDifference in machine hours=3587 -265917811…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Formula: Variable cost per unit = ( High cost - low cost ) / ( Higher production units - lower…

Q: Use the following information for the Exercises below. (Algo) [The following information applies to…

A: The Break-even point is the point at which the total cost of the production is equal to the total…

Q: Using the line of best fit determine the company's fixed cost per month and the variable cost per…

A: Line of best fit equation is used in the regression analysis while computing the fixed cost element…

Q: Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low…

A: Variable costs refer to the costs that tend to change with the level of output.

Q: The following data are available for X Corp. during the past months: Month No of Units Total Cost…

A: The high low method is a way to segregate mixed costs into variable and fixed costs. Identify the…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Highest activity = 17,889 Machine hours Lowest activity = 9,929 Machine hours Difference = 7,960…

Q: The following is information concerning a product manufactured by Ames Brothers. Sales price per…

A: Break-even units = Total fixed costs / Unit contribution margin where, Unit contribution margin =…

Q: Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places,…

A: High low method is a method which takes into account cost at highest level of activity and cost at…

Q: Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6…

A: Compute the variable cost per unit using the high-low method.

Q: The daily utility function in (in soles) gener- ated by the sale of which items is given by function…

A: The utility function is defined as one of the measures to measure the preferences of the customers…

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows:…

A: High low method of cost estimation is a method by which costs at highest level of activity and…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: High point = 18,050 Machine Hours Low point = 10,326 Machine Hours   The difference in cost of high…

Q: equirement 1. What is the variable utilities cost per machine hour? t's begin by determining the…

A: To find out the fixed cost and variable cost from mixed cost, one of the methods used is a high-low…

Q: a.  Using the high-low method, determine the variable cost per unit. Round your answer to two…

A: High - low method is used to divide variable cost and fixed cost from the limited data available on…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows:   Total…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: Crane Company accumulates the following data concerning a mixed cost, using miles as the activity…

A: The high-low method  of computing Variable cost per unit involves taking the highest level of…