Sterling Glass Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost Hours January $ 4,515 300 February $ 4,825 400 March $ 5,540 550 April $ 4,485 200 May $ 5,685 800 June $ 5,230 500 What is the estimated total cost at an operating level of 150 hours?
Sterling Glass Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost Hours January $ 4,515 300 February $ 4,825 400 March $ 5,540 550 April $ 4,485 200 May $ 5,685 800 June $ 5,230 500 What is the estimated total cost at an operating level of 150 hours?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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Sterling Glass Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year.
Month | Cost | Hours | |
January | $ | 4,515 | 300 |
February | $ | 4,825 | 400 |
March | $ | 5,540 | 550 |
April | $ | 4,485 | 200 |
May | $ | 5,685 | 800 |
June | $ | 5,230 | 500 |
What is the estimated total cost at an operating level of 150 hours?
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