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 19 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
Great answer, keep it coming :)

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
How to use L’Hospital’s Rule to find the limit of a function (Part 1) How to use L’Hospital’s Rule to find the limit of a function (Part 1)
Mastering Biology Question Mastering Biology Question
Mastering Biology Question Mastering Biology Question
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ... 8.The following table contains DNA-sequence information compiled by Marilyn Kozak (1987). The ...
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library