ing the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Beta?
Q: LLED has purchased a new chip making machine for $1,500,000 with a salvage value of $100,000 in 10 y...
A: Straight-line depreciation per year=Cost of asset-Salvage valueUseful life
Q: The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20...
A: Inventory cost by the average cost method=Ending Inventory Units×Total Cost Goods Available for Sale...
Q: Indicate whether each of the following companies is primarily a service, merchandies, or manufacturi...
A: Manufacturing business - This help in converting the raw materials to finished goods or products. Se...
Q: Platinum Co. failed to record $72,000 credit purchase of goods that were received on the last day of...
A: Lets understand the basics. When any error is made in recording any expenses and error discovered in...
Q: an company XYZ offers compounded annually. What loan company will you borrow money, then justify why...
A: Simple interest rate is the rate of interest that is being charged on the principal amount of a loan...
Q: On January 1,2020, ABC Company acquired 80 percent of DEF Company's Common Stock for P400,000 cash. ...
A: As per Bartleby policy, only the first three interlinked parts are answered. If you want any specifi...
Q: Gelbart Company manufactures gas grills. Fixed costs amount to $20,688,000 per year. Variable costs ...
A: Contribution per unit = Selling price per unit - Variable cost per unit Break-even point ( in units ...
Q: Hey, can I please be helped with the following task and please show calculations on how you got the ...
A: Journal Entries
Q: The income statement debit column of the worksheet showed the following expenses: Supplies Expense D...
A: Lets understand the basics. There are two type of accounts are there. One is temporary accounts and ...
Q: Quantitative information is found А. В. С. D. only in the face of the financial statements. Yes No Y...
A: Financial Statements Financial statements provide the actual performance of a corporation. The balan...
Q: 23. Buying goods and services are examples of operating activities in the statement of cash flows. T...
A: The cash flow statement is prepared to record the cash flow from various activities during the perio...
Q: Walters Inc. began operations on January 1, 2019. The following information relates to Walters’cash ...
A: Cash Flow Statement For the year ended December 31, 2021 Cash Flow from Operating Activities A...
Q: AA and BB are parthers who have capital of P600,000 and P480,000 sharing profits in the ratio of 3:2...
A: Bonus method gives the additional capital to the incoming partner in case of goodwill brought by the...
Q: 1. Compare the following alternatives on the basis of Present worth Analysis at an interest rate of ...
A: Present Worth Analysis: It is a technique of analysis in which the cash flows of a project are disco...
Q: Accounting As part of its employee benefits plan, Omega Corporation acquired a piece of residential ...
A: Monetary value of fringe benefit = 60% x (P2000000 + P4000000) = P3600000 Since fringe benefit tax ...
Q: Omega Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accountingand engag...
A: Income statement forms a part of financial statements and is prepared with a view to ascertain the n...
Q: Elle Woods is trying to figure out what combination of bags of M&Ms and bags of Cheetos she should b...
A: Marginal Utility- Marginal utility is the additional satisfaction a customer gets from having one ad...
Q: John's Tree Service depreciation for the month is $500. The adjusting journal entry is: O A. Depreci...
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as d...
Q: Historical cost numbers are usually harder than market value numbers select one : True, or , Fals...
A: Historical cost: It is the cost of acquisition or say it is initial cost when customer acquire the a...
Q: Vibo Corporation had 90,000 shares outstanding in Jan 2020. The corporation distributed 15% share di...
A: Share Dividend: It is the dividend paid to shareholders by providing additional shares of company....
Q: The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income...
A: Profit before tax: The amount of a company's net earnings prior to adjustment of income taxes is cal...
Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She ha...
A: Since we answer only up to three sub-parts, we shall answer the first three. Please resubmit a new q...
Q: If a misstatement of inventory occurs, the net income for-----periods will be misstated
A: The ending inventory affects the income statement and after that ending inventory becomes the beginn...
Q: Income statement Instructions Labels and Amount Descriptions Income Statement Instructions Imaging S...
A: Net Income = Total Revenue - Total expenses Income statement is used to calculated the net income / ...
Q: At 30 June 2020, White Ltd reported the following cash-generating unit, with the carrying amount tot...
A: Goodwill- Goodwill is an intangible asset produced from a company's value above and beyond its net f...
Q: Would education expenses incurred by a self-employed individual be allowed in 2021 for the following...
A: A self employed can deduct the cost of education required for his /her ...
Q: An explanation of the overall operations of a fulfilment centre?
A: A fulfilment center is a third-party service provider who processes and sends items ordered by your ...
Q: 16. Revenue cannot be recognized unless delivery of goods has occurred or services have been rendere...
A: 16. Revenue can be recognized as soon as the rights and property in goods has been transferred, the ...
Q: Haynes, Inc., obtained 100 percent of Turner Company’s common stock on January 1, 2020, by issuing 1...
A: A business combination is a transaction in which a buyer takes over control of another company (the ...
Q: On 30 June 2020, James Ltd acquired a machine for $200 500 cash, with an expected useful life of ten...
A: Fair Value Valuation of Non Current Assets While adopting the fair value valuation it can't measure ...
Q: 88,000 $9,408,000 Less: Direct fixed costs 1,200,000 960,00
A: Contribution margin ratio The contribution margin ratio is calculated as the percentage differen...
Q: On January 2, 2021 PAMIGAY CORP paid P380,000 cash and issued 120,000 new shares of its P5 par value...
A: Calculation of Total Cash to be shown in the Consolidated Balance Sheet Cash Balance of Pamigay Corp...
Q: An investment promises to pay $7,000 at the end of each year for the next six years and $3,000 at th...
A: In the given case, an investment will pay $7,000 at the end of each year for the next six years and ...
Q: On June 30, 2021, when ABC Co. stock was selling for $65 each, the equity accounts had the following...
A: Stock dividend refers to the shares that are distributed by the company as a dividend to the existin...
Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (25,000 ...
A: Break Even Point in Units = Fixed Costs / Contribution Per Unit Break Even Point in Dollars = Fixed ...
Q: 8. In any transaction, the total peso amounts of debits must equal the total peso amounts of credits...
A: 8. In the Double Entry System, in any transaction total of debits always equals to total of credits....
Q: Following is the shareholders' equity section of the balance sheet of the Optimum Corporation: Share...
A: A common stock dividend is the dividend paid to common stock owners from the profits of the company....
Q: TABLE 9.4 Forecast Incomo Yoar: 1 4. statomont for tho U.S. Navy duffol canvas projoct (dollar figur...
A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)
Q: A company purchased a con January 1, 2022, for $ 500,0 expected life of five years am
A: These are the accounting transactions that are having a monetary impact on the financial statement o...
Q: Baldwin Printing Company uses a job order cost system and applies overhead based on machine hours. ...
A: Given: Direct material costs $1,000 Direct labor costs $1,500 Actual overhead $1,980 Machin...
Q: Last month, senior management decided to recharge head office costs to the divisions. Consequently, ...
A: An operating budget is a detailed prediction of a company's revenue and expenses over a set period o...
Q: Which of the following statements regarding intellectual and tangible objects is TRUE? A. Intellectu...
A: Intellectual property or intangible property means something which is not in a physical form but is ...
Q: Given the following list of accounts with normal ba Cash Accounts Receivable Capital Withdrawals $1,...
A: A trial balance is a mix of balance sheet items and P&L items and hence all accounts that are us...
Q: Rick and Cindy Davis are married and file a joint return. They live at 3223 Taccone Ave., Apt. 37, M...
A: Form 1040 and schedule 1 are filled by downloading excel Federal tax spreadsheet for 2020. Along wit...
Q: Record the journal entries on each transaction. Refer to the Chart of Accounts for exact wording of ...
A: The journal entries are prepared to keep the record of day to day transactions of the business. The...
Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (21,000 ...
A: Break even point : It refers to that point where total cost is equal to total revenue, i e. It is ...
Q: 16. Revenue cannot be recognized unless delivery of goods has occurred or services have been rendere...
A: Since you have posted multiple questions we will do the first one for you. To get the other questio...
Q: Sage Hill Company reports the following costs and expenses in May. Factory utilities $13,600 D...
A: A. Manufacturing overhead = Factory utilities + Depreciation on factory equipment + Indirect factory...
Q: Bank of China has the following items on its balance sheet. Require reserves $150 billion Excess re...
A: In this question, we will find out the total equity (in billions of $) of the bank of China.
Q: January 3 Purchased equipment for $55000, paying $45000 in cash and signing a 10000, 4-month, 10% no...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
sing the following data, apply the high-low method of cost analysis to the three cost data groups:
| Volume | Alpha | Beta | Gamma |
|---|---|---|---|
| 2,000 | $6,600 | $2,400 | $8,000 |
| 6,000 | $9,800 | $7,000 | $8,000 |
| 13,000 | $13,000 | $12,000 | $8,000 |
| 20,000 | $21,000 | $24,000 | $8,000 |
What cost behavior patterns are apparent for Beta?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for each group? Select one: a. Alpha = Variable, Beta = Mixed, Gamma = Fixed b. Alpha = Mixed, Beta = Fixed, Gamma = Variable c. Alpha = Variable, Beta = Fixed, Gamma = Mixed d. Alpha = Fixed, Beta = Variable, Gamma = Mixed e. Alpha = Mixed, Beta = Variable, Gamma = FixedRefer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above cost
- Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.For the given cost function C(x) = 28900+ 500x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $An analyst has started preparing a spreadsheet as shown below. Column A contains the headings for various parameters and Column B contains the analyst's range names to be used in Excel. A 1 Price per Unit 2 Cost per Unit 3 Profit per Unit Price_per_Unit Cost per Unit Profit$_per_Unit 4. 5 Fixed Costs 6 Variable Costs Fixed Costs VariableCosts Label each of the following range names as "Correct" if is a valid range name in Excel or "Incorrect" if the range name is not valid for use in Excel. Proposed Range Name Price_per_Unit Cost per Unit Profit$_per_Unit Fixed Costs VariableCosts
- Your manager would like you to conduct sensitivity analysis to see how changing both the price and unit cost of a product affect profits. The following data is provided to you. Which of the following actions needs to be completed before building a data table? 26 27 Price 28 Demand 29 Unit cost 30 Fixed cost 31 Revenue 32 Variable cost 33 Profit B с 50.00 28,000.0 12.00 D E Copied Cells 50.0 62,000.0 1,400,000.0=C28 C27 336,000.0=C28 C29 1,798,000.0 SUM(C31,C32.C30) Select one: The incorrect cells have been 'copied' and this will result in a 12.0The graphs below represent cost behavior patterns that might occur in acompany's cost structure. The vertical axis represents total cost, and thehorizontal axis represents activity output. Required:For each of the following situations, choose the graph from the group a-1 that best illustrates the cost pattern involved. Also, for each situation,identify the driver that measures activity output. 1. The cost of power when a fixed fee of $500 per month is chargedplus an additional charge of $0.12 per kilowatt-hour used2. Commissions paid to sales representatives. Commissions arepaid at the rate of 5 percent of sales made up to total annual salesof $500,000, and 7 percent of sales above $500,000.3. A part purchased from an outside supplier costs $12 per part for the first 3,000 parts and $10 per part for all parts purchased inexcess of 3,000 units.4. The cost of surgical gloves, which are purchased in incrementsof 100 units (gloves come in boxes of 100 pairs).5. The cost of tuition at a…Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs
- Convert the following scores of different alternatives of a cost attribute to profit scores, each on a scale of 1 to 10: 80,000, 20,000, 70,000. (Report the sum of the resulting three profit scores). Report your answer to the nearest two dicimal places (e.g. 13.53 or 12.00)1) Determine the variable cost per unit and the fixed cost using the high-low method. 2) What is the equation of the total mixed cost function? 3) Based on the High-Low method, what is the total production costs if 6,500 units are produced?4) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.5) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.) Answer all please and thanks.Obtain and study a CVP graph and answer the next multiple choice 22. Select the correct statement concerning the cost-volume-profit graph at right: a. The point identified by "B" is the break-even point. b. Line F is the variable cost line. c. At point B, profits equal total costs. d. Line E is the total cost line. Line F Line E Line D