This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Connors Company has assembled the following data pertaining to certain costs that cannot be ... (Read 115 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Mar 6, 2021

Question 1

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 4,000 $332,000
 Lowest observation of cost driver 3,000 $312,000

What is the estimated total cost when 1,900 machine-hours are used?
◦ $509,600
◦ $290,000
◦ $489,700
◦ $157,700

Question 2

The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.

 Cost Hours
 $24,000 5,000
 $26,100 6,300
 $34,700 7,900
 $48,000 11,000
 $38,300 9,250

What is the cost function?
◦ y = $48,000 + $4.80X
◦ y = $24,000 + $4.36X
◦ y = $34,700 + $4.80X
◦ y = $4,000 + $4.00X
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nenivikky on Mar 6, 2021

TheNamesImani

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 29% of students answer this correctly


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Morris and Company, Sussex Rush-Seated Chairs. Morris and Company, Sussex Rush-Seated Chairs.
Design Data for Various Packings Design Data for Various Packings
How to evaluate and sketch a piecewise function pertaining to tax (Part 3) How to evaluate and sketch a piecewise function pertaining to tax (Part 3)
Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition
Chi-Square Analysis of Mendel’s Trihybrid-Cross Data Chi-Square Analysis of Mendel’s Trihybrid-Cross Data
Video: Epidural Hematoma

For a complete list of videos, visit our video library