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Author Question: Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is ... (Read 72 times)

beccaep

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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 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
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Marked as best answer by beccaep on Mar 6, 2021

Tonyam972

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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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beccaep

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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