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Author Question: Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is ... (Read 60 times)

luvbio

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on: Mar 6, 2021

Question 1

Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:
Machine-hoursLabor Costs
Highest observation of cost driver900$36,000
Lowest observation of cost driver100$14,000

What is the estimated total cost when 450 machine-hours are used?
◦ $63,000
◦ $32,000
◦ $18,000
◦ $23,625

Question 2

Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below:

Machine-hours Costs
 Highest observation of cost driver 3,000 $345,000
 Lowest observation of cost driver 2,500 $315,000

What is the slope coefficient?
◦ $115.00
◦ $126.00
◦ $60.00
◦ $120.00
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by luvbio on Mar 6, 2021

joewallace

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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luvbio

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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