Author Question: As part of his job as cost analyst, John Kelly collected the following information concerning the ... (Read 49 times)

elizabeth18 · **on:** Mar 6, 2021

Question 1

When management develops cost estimations, they must chose one method, such as industrial engineering, conference, account analysis, or quantitative analysis, and stay consistently with that method as each method is mutually exclusive of the others.
◦ true
◦ false

Question 2

As part of his job as cost analyst, John Kelly collected the following information concerning the operations of the Machining Department:

Observation

Machine-hours

Total Operating Costs

January

4,700

$43,000

February

5,060

45,395

March

4,180

42,535

April

4,500

43,600

May

4,250

42,890

Required:
a. Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.
b. If June's estimated machine-hours are 4,300, calculate the total estimated costs of the Machining Department?

welcom1000 · **Reply #1 on:** Mar 6, 2021

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