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

Author Question: Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is ... (Read 65 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
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 driver400$20,000
Lowest observation of cost driver100$8,000

What is the slope coefficient?
◦ $80.00
◦ $56.00
◦ $40.00
◦ $50.00

Question 2

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 driver1,000$32,000
Lowest observation of cost driver200$16,000

What is the constant for the estimated cost equation?
◦ $12,000
◦ $16,000
◦ $20,000
◦ $32,000
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 beccaep on Mar 6, 2021

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
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 57% of students answer this correctly


beccaep

  • Member
  • Posts: 535
Reply 2 on: Mar 6, 2021
Wow, this really help

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Mastering Biology Question Mastering Biology Question
Mastering Biology Question Mastering Biology Question
Mastering Biology Question Mastering Biology Question
Solve the following log function: Solve the following log function:
Video: Cardiac conductile cells

For a complete list of videos, visit our video library