Answered: Requirements a. What is the slope…

Requirements a. What is the slope coefficient? b. What is the constant for the estimated cost equation? c. What is the estimated cost function for the above data?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4E: Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total...

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Question

please answer within 30 minutes.

The Hayden Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about
a method of measuring cost functions called the high-low method and has decided to use it in this situation.
E (Click the icon to view the assembled data.)
Read the requirements
Requirement a. What is the slope coefficient?
The slope coefficient is $

Requirements
a. What is the slope coefficient?
b. What is the constant for the estimated cost equation?
c. What is the estimated cost function for the above data?
d. What is the estimated total cost at an operating level of 3,000 hours?
Print
Done
mbled the following data pertaining to certain costs that cannot be easily identified as either fixe
tions called the high-low method and has decided to use it in this situation.
sembled da
Data table
Month
Cost
Hours
e coefficier
January
%24
37,100
3,300
February
35,600
2,700
March
33,380
3,000
April
35,100
3,200
May
67,100
5,850
June
42,100
3,950
Print
Done

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